Western Asset High Income Opportunity Fund
HIO
104 hedge funds and large institutions have $107M invested in Western Asset High Income Opportunity Fund in 2025 Q3 according to their latest regulatory filings, with 18 funds opening new positions, 45 increasing their positions, 21 reducing their positions, and 9 closing their positions.
312% more capital inflows, than outflows
Capital inflows: $12.3M | Capital outflows: $2.98M
114% more repeat investments, than reductions
Existing positions increased: 45 | Existing positions reduced: 21
100% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 9
6% more funds holding
Funds holding: 98 → 104 (+6)
2.26% more ownership
Funds ownership: 26.96% → 29.22% (+2.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Sit Investment Associates
Minneapolis,
Minnesota
|
+$2.5M |
| 2 |
Morgan Stanley
New York
|
+$1.58M |
| 3 |
Kanen Wealth Management
Coconut Creek,
Florida
|
+$1.21M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$1.12M |
| 5 |
Wolverine Asset Management
Chicago,
Illinois
|
+$1.05M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital Investment Advisors
Atlanta,
Georgia
|
-$976K |
| 2 |
RFG Advisory
Birmingham,
Alabama
|
-$684K |
| 3 |
Evanson Asset Management
Carmel,
California
|
-$243K |
| 4 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$158K |
| 5 |
Kelleher Financial Advisors
New York
|
-$125K |
HIO Hedge Fund Activity: Q3 2025 in Review
104 of the 7,650 institutional investors tracked by Wall St. Rank reported a position in Western Asset High Income Opportunity Fund (HIO) for Q3 2025, worth a combined $107M — up 4.6% from $102M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new HIO positions and 9 closed out — a net gain of 9 holders — while 45 added to existing stakes and 21 trimmed.
The largest buyer was Sit Investment Associates, adding an estimated $2.5M. The largest seller was Capital Investment Advisors, cutting an estimated $976K.
- 104 institutional investors held Western Asset High Income Opportunity Fund (HIO) as of Q3 2025, up from 98 in Q2 2025.
- Funds reported $107M of Western Asset High Income Opportunity Fund stock for Q3 2025, up 4.6% quarter-over-quarter.
- 18 funds opened new Western Asset High Income Opportunity Fund positions in Q3 2025 and 9 closed out, a net change of +9 holders.
- The largest Western Asset High Income Opportunity Fund buyer in Q3 2025 was Sit Investment Associates, an estimated $2.5M added.
- The largest Western Asset High Income Opportunity Fund seller in Q3 2025 was Capital Investment Advisors, an estimated $976K sold.
Based on aggregated 13F filings for Q3 2025.