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HIX

Western Asset High Income Fund II
HIX

59 hedge funds and large institutions have $76.8M invested in Western Asset High Income Fund II in 2014 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 11 increasing their positions, 22 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

160% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 5

24% more capital invested

Capital invested by funds: $61.9M → $76.8M (+$15M)

9% more funds holding

Funds holding: 54 → 59 (+5)

2.71% more ownership

Funds ownership: 8.03% → 10.74% (+2.7%)

50% less repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 22

Holders
59
Holders Change
+5
Holders Change %
+9.26%
% of All Funds
1.57%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
13
Increased
11
Reduced
22
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
MIG
Mariner Investment Group
New York
+$5.66M
2
RCM
Rivernorth Capital Management
Florida
+$4.48M
3
SG Americas Securities
SG Americas Securities
New York
+$3.98M
4
Morgan Stanley
Morgan Stanley
New York
+$787K
5
SFS
Shaker Financial Services
Virginia
+$731K

Top Sellers

1
LPL Financial
LPL Financial
California
-$976K
2
Bank of America
Bank of America
North Carolina
-$889K
3
GC
Guggenheim Capital
Illinois
-$850K
4
CIA
Capital Investment Advisors
Georgia
-$560K
5
Goldman Sachs
Goldman Sachs
New York
-$477K
Name Holding Trade Value Shares
Change 		Change in
Stake
RJT
26
Raymond James Trust
Florida
$303K – – –
ACM
27
Alethea Capital Management
Washington
$300K +$308K +36,140 New
Creative Planning
28
Creative Planning
Kansas
$218K -$127K -14,891 -36%
Commonwealth Equity Services
29
Commonwealth Equity Services
Massachusetts
$209K -$34.4K -4,036 -14%
Citigroup
30
Citigroup
New York
$185K -$17 -2 -0%
PHS
31
Pekin Hardy Strauss
Illinois
$154K – – –
LTFS
32
Ladenburg Thalmann Financial Services
Florida
$137K -$78.3K -9,178 -36%
VKH
33
Virtu KCG Holdings
New York
$133K -$327K -38,349 -71%
Royal Bank of Canada
34
Royal Bank of Canada
Ontario, Canada
$131K +$1.48K +174 +1%
CFA
35
Camarda Financial Advisors
Florida
$129K – – –
B
36
Baird
Wisconsin
$126K -$555 -65 -0.4%
ICAS
37
Investors Capital Advisory Services
Massachusetts
$123K +$10K +1,177 +9%
Bank of New York Mellon
38
Bank of New York Mellon
New York
$119K – – –
GIA
39
Granite Investment Advisors
New Hampshire
$116K – – –
FVCM
40
F&V Capital Management
Florida
$113K – – –
HCM
41
Hollencrest Capital Management
California
$104K +$107K +12,510 New
Janney Montgomery Scott
42
Janney Montgomery Scott
Pennsylvania
$97.9K -$53.7K -6,299 -35%
CA
43
Cetera Advisors
Colorado
$83K -$23.5K -2,750 -22%
MFS
44
MSI Financial Services
Massachusetts
$52K -$58.3K -6,836 -52%
DADC
45
D.A. Davidson & Co
Montana
$25K -$418 -49 -2%
Deutsche Bank
46
Deutsche Bank
Germany
$19K -$39.2K -4,596 -66%
BRWM
47
B. Riley Wealth Management
Tennessee
$18K – – –
NFG
48
Next Financial Group
Texas
$17K -$8.31K -974 -32%
WTB
49
Washington Trust Bank
Washington
$17K – – –
Northwestern Mutual Wealth Management
50
Northwestern Mutual Wealth Management
Wisconsin
$14K +$13.9K +1,626 +6,254%
1
2
3

HIX Hedge Fund Activity: Q4 2014 in Review

59 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Western Asset High Income Fund II (HIX) for Q4 2014, worth a combined $76.8M — up 24% from $61.9M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new HIX positions and 5 closed out — a net gain of 8 holders — while 11 added to existing stakes and 22 trimmed.

The largest buyer was Mariner Investment Group, opening a new position worth an estimated $5.66M. The largest seller was LPL Financial, cutting an estimated $976K.

  • 59 institutional investors held Western Asset High Income Fund II (HIX) as of Q4 2014, up from 54 in Q3 2014.
  • Funds reported $76.8M of Western Asset High Income Fund II stock for Q4 2014, up 24% quarter-over-quarter.
  • 13 funds opened new Western Asset High Income Fund II positions in Q4 2014 and 5 closed out, a net change of +8 holders.
  • The largest Western Asset High Income Fund II buyer in Q4 2014 was Mariner Investment Group, an estimated $5.66M added.
  • The largest Western Asset High Income Fund II seller in Q4 2014 was LPL Financial, an estimated $976K sold.

Based on aggregated 13F filings for Q4 2014.