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HIX

Western Asset High Income Fund II
HIX

54 hedge funds and large institutions have $61.9M invested in Western Asset High Income Fund II in 2014 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 21 increasing their positions, 14 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 14

3% more capital invested

Capital invested by funds: $60.4M → $61.9M (+$1.53M)

0.7% more ownership

Funds ownership: 7.33% → 8.03% (+0.7%)

8% less funds holding

Funds holding: 59 → 54 (-5)

56% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 9

Holders
54
Holders Change
-5
Holders Change %
-8.47%
% of All Funds
1.57%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
4
Increased
21
Reduced
14
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
GC
Guggenheim Capital
Illinois
+$4.5M
2
Invesco
Invesco
Georgia
+$755K
3
Bank of America
Bank of America
North Carolina
+$573K
4
LPL Financial
LPL Financial
California
+$489K
5
VKH
Virtu KCG Holdings
New York
+$367K

Top Sellers

1
SG Americas Securities
SG Americas Securities
New York
-$1.02M
2
BTS
BB&T Securities
Virginia
-$982K
3
AP
Advisors Preferred
Maryland
-$178K
4
WA
WFG Advisors
Texas
-$118K
5
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
-$106K
Name Holding Trade Value Shares
Change 		Change in
Stake
Stifel Financial
26
Stifel Financial
Missouri
$228K – – –
Citigroup
27
Citigroup
New York
$199K -$25K -2,715 -11%
PHS
28
Pekin Hardy Strauss
Illinois
$166K – – –
Janney Montgomery Scott
29
Janney Montgomery Scott
Pennsylvania
$162K +$2.82K +306 +2%
Royal Bank of Canada
30
Royal Bank of Canada
Ontario, Canada
$140K +$46.3K +5,026 +47%
CFA
31
Camarda Financial Advisors
Florida
$139K – – –
B
32
Baird
Wisconsin
$137K +$15.5K +1,687 +12%
Bank of New York Mellon
33
Bank of New York Mellon
New York
$128K +$32.3K +3,505 +32%
GIA
34
Granite Investment Advisors
New Hampshire
$126K – – –
FVCM
35
F&V Capital Management
Florida
$122K – – –
ICAS
36
Investors Capital Advisory Services
Massachusetts
$122K +$497 +54 +0.4%
MFS
37
MSI Financial Services
Massachusetts
$118K -$6.44K -700 -5%
CA
38
Cetera Advisors
Colorado
$115K +$117K +12,750 New
CS
39
Credit Suisse
Switzerland
$97K -$14.3K -1,550 -13%
Deutsche Bank
40
Deutsche Bank
Germany
$61K +$46K +5,000 +250%
DADC
41
D.A. Davidson & Co
Montana
$27K +$608 +66 +2%
NFG
42
Next Financial Group
Texas
$27K +$27.1K +2,945 +5,355%
BRWM
43
B. Riley Wealth Management
Tennessee
$19K – – –
WTB
44
Washington Trust Bank
Washington
$18K – – –
1IC
45
1919 Investment Counsel
Maryland
$15K – – –
HighTower Advisors
46
HighTower Advisors
Illinois
$14K +$133K +14,501 New
OIA
47
Optimum Investment Advisors
Illinois
$13K – – –
RIA
48
Regal Investment Advisors
Michigan
$13K – – –
TRCT
49
Tower Research Capital (TRC)
New York
$12K +$12K +1,300 New
TFA
50
Transamerica Financial Advisors
Florida
$9K +$9.21K +1,000 New
1
2
3

HIX Hedge Fund Activity: Q3 2014 in Review

54 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Western Asset High Income Fund II (HIX) for Q3 2014, worth a combined $61.9M — up 2.5% from $60.4M a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of HIX and 4 opened new positions — a net loss of 5 holders — while 14 trimmed existing stakes and 21 added.

The largest buyer was Guggenheim Capital, adding an estimated $4.5M. The largest seller was SG Americas Securities, exiting entirely with an estimated $1.02M sold.

  • 54 institutional investors held Western Asset High Income Fund II (HIX) as of Q3 2014, down from 59 in Q2 2014.
  • Funds reported $61.9M of Western Asset High Income Fund II stock for Q3 2014, up 2.5% quarter-over-quarter.
  • 4 funds opened new Western Asset High Income Fund II positions in Q3 2014 and 9 closed out, a net change of -5 holders.
  • The largest Western Asset High Income Fund II buyer in Q3 2014 was Guggenheim Capital, an estimated $4.5M added.
  • The largest Western Asset High Income Fund II seller in Q3 2014 was SG Americas Securities, an estimated $1.02M sold.

Based on aggregated 13F filings for Q3 2014.