Western Asset High Income Opportunity Fund
HIO
116 hedge funds and large institutions have $112M invested in Western Asset High Income Opportunity Fund in 2025 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 34 increasing their positions, 32 reducing their positions, and 8 closing their positions.
163% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 8
12% more funds holding
Funds holding: 104 → 116 (+12)
2.48% more ownership
Funds ownership: 29.22% → 31.71% (+2.5%)
6% more repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 32
5% more capital invested
Capital invested by funds: $107M → $112M (+$5.31M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RC
Rareview Capital
Las Vegas,
Nevada
|
+$2.17M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$2.11M |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$1.53M |
| 4 |
RAM
Readystate Asset Management
Chicago,
Illinois
|
+$1.45M |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$1.42M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$1.66M |
| 2 |
CIA
Capital Investment Advisors
Atlanta,
Georgia
|
-$856K |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$828K |
| 4 |
KWM
Kanen Wealth Management
Coconut Creek,
Florida
|
-$820K |
| 5 |
RA
RFG Advisory
Birmingham,
Alabama
|
-$488K |
HIO Hedge Fund Activity: Q4 2025 in Review
116 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in Western Asset High Income Opportunity Fund (HIO) for Q4 2025, worth a combined $112M — up 5% from $107M a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new HIO positions and 8 closed out — a net gain of 13 holders — while 34 added to existing stakes and 32 trimmed.
The largest buyer was Rareview Capital, opening a new position worth an estimated $2.17M. The largest seller was Fiera Capital (Canada), cutting an estimated $1.66M.
- 116 institutional investors held Western Asset High Income Opportunity Fund (HIO) as of Q4 2025, up from 104 in Q3 2025.
- Funds reported $112M of Western Asset High Income Opportunity Fund stock for Q4 2025, up 5% quarter-over-quarter.
- 21 funds opened new Western Asset High Income Opportunity Fund positions in Q4 2025 and 8 closed out, a net change of +13 holders.
- The largest Western Asset High Income Opportunity Fund buyer in Q4 2025 was Rareview Capital, an estimated $2.17M added.
- The largest Western Asset High Income Opportunity Fund seller in Q4 2025 was Fiera Capital (Canada), an estimated $1.66M sold.
Based on aggregated 13F filings for Q4 2025.