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HIX

Western Asset High Income Fund II
HIX

53 hedge funds and large institutions have $55.4M invested in Western Asset High Income Fund II in 2013 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 13 increasing their positions, 16 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

40% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 5

2% more funds holding

Funds holding: 52 → 53 (+1)

0.24% more ownership

Funds ownership: 6.91% → 7.14% (+0.24%)

1% less capital invested

Capital invested by funds: $56M → $55.4M (-$514K)

19% less repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 16

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
53
Holders Change
+1
Holders Change %
+1.92%
% of All Funds
1.54%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
7
Increased
13
Reduced
16
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SG Americas Securities
SG Americas Securities
New York
+$2.54M
2
GC
Guggenheim Capital
Illinois
+$2.25M
3
WA
WFG Advisors
Texas
+$677K
4
Invesco
Invesco
Georgia
+$442K
5
PP
Paloma Partners
Connecticut
+$434K

Top Sellers

Rank Fund Capital Flow
1
SONJCPFB
State of New Jersey Common Pension Fund B
New Jersey
-$4.71M
2
Jane Street
Jane Street
New York
-$741K
3
Ameriprise
Ameriprise
Minnesota
-$672K
4
NPC
National Planning Corporation
California
-$518K
5
Cohen & Steers
Cohen & Steers
New York
-$405K
Name Holding Trade Value Shares
Change 		Change in
Stake
Cambridge Investment Research Advisors
26
Cambridge Investment Research Advisors
Iowa
$219K +$13.5K +1,459 +6%
MFS
27
MSI Financial Services
Massachusetts
$207K -$1.84K -200 -0.9%
TRCT
28
Tower Research Capital (TRC)
New York
$196K +$200K +21,736 New
LTFS
29
Ladenburg Thalmann Financial Services
Florida
$188K +$2.13K +231 +1%
PHS
30
Pekin Hardy Strauss
Illinois
$167K – – –
CAN
31
Cetera Advisor Networks
California
$130K +$131K +14,204 New
GIA
32
Granite Investment Advisors
New Hampshire
$126K – – –
FVCM
33
F&V Capital Management
Florida
$123K -$92.2K -10,000 -42%
B
34
Baird
Wisconsin
$114K – – –
CS
35
Credit Suisse
Switzerland
$106K – – –
OIA
36
Optimum Investment Advisors
Illinois
$98K – – –
ICAS
37
Investors Capital Advisory Services
Massachusetts
$94K -$27.7K -3,000 -22%
AP
38
Advisors Preferred
Maryland
$87K +$89K +9,656 New
Royal Bank of Canada
39
Royal Bank of Canada
Ontario, Canada
$79K -$263K -28,495 -77%
BRWA
40
B. Riley Wealth Advisors
Florida
$67K +$11.6K +1,256 +20%
Northwestern Mutual Wealth Management
41
Northwestern Mutual Wealth Management
Wisconsin
$62K – – –
DADC
42
D.A. Davidson & Co
Montana
$25K +$1.72K +187 +7%
Deutsche Bank
43
Deutsche Bank
Germany
$18K – – –
1IC
44
1919 Investment Counsel
Maryland
$15K – – –
RIA
45
Regal Investment Advisors
Michigan
$14K – – –
NES
46
New England Securities
New York
$10K – – –
ClearBridge Investments
47
ClearBridge Investments
New York
$9K -$22.1K -2,400 -71%
HNB
48
Huntington National Bank
Ohio
$8K – – –
Bank of Montreal
49
Bank of Montreal
Ontario, Canada
$5K – – –
Fifth Third Bancorp
50
Fifth Third Bancorp
Ohio
$5K – – –
1
2
3

HIX Hedge Fund Activity: Q4 2013 in Review

53 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Western Asset High Income Fund II (HIX) for Q4 2013, worth a combined $55.4M — down 0.92% from $56M a quarter earlier.

Buyers outnumbered sellers: 7 funds opened new HIX positions and 5 closed out — a net gain of 2 holders — while 13 added to existing stakes and 16 trimmed.

The largest buyer was SG Americas Securities, opening a new position worth an estimated $2.54M. The largest seller was State of New Jersey Common Pension Fund B, exiting entirely with an estimated $4.71M sold.

  • 53 institutional investors held Western Asset High Income Fund II (HIX) as of Q4 2013, up from 52 in Q3 2013.
  • Funds reported $55.4M of Western Asset High Income Fund II stock for Q4 2013, down 0.92% quarter-over-quarter.
  • 7 funds opened new Western Asset High Income Fund II positions in Q4 2013 and 5 closed out, a net change of +2 holders.
  • The largest Western Asset High Income Fund II buyer in Q4 2013 was SG Americas Securities, an estimated $2.54M added.
  • The largest Western Asset High Income Fund II seller in Q4 2013 was State of New Jersey Common Pension Fund B, an estimated $4.71M sold.

Based on aggregated 13F filings for Q4 2013.