Western Asset High Income Opportunity Fund
HIO
119 hedge funds and large institutions have $118M invested in Western Asset High Income Opportunity Fund in 2026 Q1 according to their latest regulatory filings, with 18 funds opening new positions, 43 increasing their positions, 28 reducing their positions, and 12 closing their positions.
54% more repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 28
50% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 12
5% more capital invested
Capital invested by funds: $112M → $118M (+$5.73M)
3% more funds holding
Funds holding: 116 → 119 (+3)
2.35% more ownership
Funds ownership: 31.71% → 34.06% (+2.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$6.56M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$2.15M |
| 3 |
LPL Financial
San Diego,
California
|
+$1.37M |
| 4 |
QL
Quarry LP
New York
|
+$1.14M |
| 5 |
AIA
Absolute Investment Advisers
Rosemary Beach,
Florida
|
+$529K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RAM
Readystate Asset Management
Chicago,
Illinois
|
-$1.77M |
| 2 |
CIA
Capital Investment Advisors
Atlanta,
Georgia
|
-$1.31M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$632K |
| 4 |
Jane Street
New York
|
-$575K |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$432K |
HIO Hedge Fund Activity: Q1 2026 in Review
119 of the 8,187 institutional investors tracked by Wall St. Rank reported a position in Western Asset High Income Opportunity Fund (HIO) for Q1 2026, worth a combined $118M — up 5.1% from $112M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new HIO positions and 12 closed out — a net gain of 6 holders — while 43 added to existing stakes and 28 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $6.56M. The largest seller was Readystate Asset Management, exiting entirely with an estimated $1.77M sold.
- 119 institutional investors held Western Asset High Income Opportunity Fund (HIO) as of Q1 2026, up from 116 in Q4 2025.
- Funds reported $118M of Western Asset High Income Opportunity Fund stock for Q1 2026, up 5.1% quarter-over-quarter.
- 18 funds opened new Western Asset High Income Opportunity Fund positions in Q1 2026 and 12 closed out, a net change of +6 holders.
- The largest Western Asset High Income Opportunity Fund buyer in Q1 2026 was Morgan Stanley, an estimated $6.56M added.
- The largest Western Asset High Income Opportunity Fund seller in Q1 2026 was Readystate Asset Management, an estimated $1.77M sold.
Based on aggregated 13F filings for Q1 2026.