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HIX

Western Asset High Income Fund II
HIX

65 hedge funds and large institutions have $66M invested in Western Asset High Income Fund II in 2015 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 21 increasing their positions, 17 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

120% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 5

24% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 17

10% more funds holding

Funds holding: 59 → 65 (+6)

1.2% less ownership

Funds ownership: 10.74% → 9.53% (-1.2%)

14% less capital invested

Capital invested by funds: $76.8M → $66M (-$10.8M)

Holders
65
Holders Change
+6
Holders Change %
+10.17%
% of All Funds
1.73%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
11
Increased
21
Reduced
17
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
UBS Group
UBS Group
Switzerland
+$4.27M
2
SFS
Shaker Financial Services
Virginia
+$754K
3
YMRC
Yorktown Management & Research Company
Virginia
+$486K
4
CS
Credit Suisse
Switzerland
+$479K
5
LPL Financial
LPL Financial
California
+$417K

Top Sellers

1
RCM
Rivernorth Capital Management
Florida
-$4.36M
2
MIG
Mariner Investment Group
New York
-$4.27M
3
SG Americas Securities
SG Americas Securities
New York
-$3.31M
4
Morgan Stanley
Morgan Stanley
New York
-$1.46M
5
WAM
Weiss Asset Management
Massachusetts
-$563K
Name Holding Trade Value Shares
Change 		Change in
Stake
Citigroup
26
Citigroup
New York
$215K +$36.6K +4,524 +20%
Creative Planning
27
Creative Planning
Kansas
$211K +$405 +50 +0.2%
Commonwealth Equity Services
28
Commonwealth Equity Services
Massachusetts
$205K +$2.22K +274 +1%
B
29
Baird
Wisconsin
$194K +$72.5K +8,951 +59%
VKH
30
Virtu KCG Holdings
New York
$177K +$48.5K +5,986 +37%
PHS
31
Pekin Hardy Strauss
Illinois
$149K – – –
Bank of New York Mellon
32
Bank of New York Mellon
New York
$147K +$32.4K +4,000 +28%
Royal Bank of Canada
33
Royal Bank of Canada
Ontario, Canada
$132K +$4.26K +526 +3%
WA
34
WFG Advisors
Texas
$125K -$336K -41,455 -73%
CFA
35
Camarda Financial Advisors
Florida
$125K – – –
ICAS
36
Investors Capital Advisory Services
Massachusetts
$121K +$1.55K +192 +1%
SGCA
37
Steel Grove Capital Advisors
Tennessee
$117K +$118K +14,602 New
GIA
38
Granite Investment Advisors
New Hampshire
$112K – – –
LTFS
39
Ladenburg Thalmann Financial Services
Florida
$110K -$22.2K -2,745 -17%
WAM
40
Wolverine Asset Management
Illinois
$109K -$537K -66,362 -83%
FVCM
41
F&V Capital Management
Florida
$109K – – –
HCM
42
Hollencrest Capital Management
California
$100K – – –
Jane Street
43
Jane Street
New York
$96K +$96.3K +11,900 New
Janney Montgomery Scott
44
Janney Montgomery Scott
Pennsylvania
$88K -$7.04K -870 -7%
FAAS
45
First Allied Advisory Services
California
$83K +$83.4K +10,300 New
CA
46
Cetera Advisors
Colorado
$80K – – –
ClearBridge Investments
47
ClearBridge Investments
New York
$60K +$60.5K +7,477 New
TRCT
48
Tower Research Capital (TRC)
New York
$52K +$52.6K +6,500 New
MFS
49
MSI Financial Services
Massachusetts
$51K – – –
IWMPD
50
Integrated Wealth Management (Palm Desert)
California
$32K +$32.4K +4,000 New
1
2
3

HIX Hedge Fund Activity: Q1 2015 in Review

65 of the 3,752 institutional investors tracked by Wall St. Rank reported a position in Western Asset High Income Fund II (HIX) for Q1 2015, worth a combined $66M — down 14% from $76.8M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new HIX positions and 5 closed out — a net gain of 6 holders — while 21 added to existing stakes and 17 trimmed.

The largest buyer was UBS Group, adding an estimated $4.27M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $4.36M sold.

  • 65 institutional investors held Western Asset High Income Fund II (HIX) as of Q1 2015, up from 59 in Q4 2014.
  • Funds reported $66M of Western Asset High Income Fund II stock for Q1 2015, down 14% quarter-over-quarter.
  • 11 funds opened new Western Asset High Income Fund II positions in Q1 2015 and 5 closed out, a net change of +6 holders.
  • The largest Western Asset High Income Fund II buyer in Q1 2015 was UBS Group, an estimated $4.27M added.
  • The largest Western Asset High Income Fund II seller in Q1 2015 was Rivernorth Capital Management, an estimated $4.36M sold.

Based on aggregated 13F filings for Q1 2015.