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HIX

Western Asset High Income Fund II
HIX

82 hedge funds and large institutions have $101M invested in Western Asset High Income Fund II in 2017 Q4 according to their latest regulatory filings, with 23 funds opening new positions, 23 increasing their positions, 17 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

188% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 8

35% more repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 17

22% more funds holding

Funds holding: 67 → 82 (+15)

12% more capital invested

Capital invested by funds: $90.8M → $101M (+$10.5M)

2.26% more ownership

Funds ownership: 14.62% → 16.88% (+2.3%)

Holders
82
Holders Change
+15
Holders Change %
+22.39%
% of All Funds
1.86%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
23
Increased
23
Reduced
17
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
RCM
Rivernorth Capital Management
Florida
+$6.9M
2
SCM
Saba Capital Management
New York
+$5.52M
3
WAM
Wolverine Asset Management
Illinois
+$1.66M
4
Invesco
Invesco
Georgia
+$980K
5
VIA
Vident Investment Advisory
Georgia
+$669K

Top Sellers

1
UBS Group
UBS Group
Switzerland
-$2.27M
2
Morgan Stanley
Morgan Stanley
New York
-$1.93M
3
Bessemer Group
Bessemer Group
New Jersey
-$1.8M
4
SFS
Shaker Financial Services
Virginia
-$626K
5
Wells Fargo
Wells Fargo
California
-$240K
Name Holding Trade Value Shares
Change 		Change in
Stake
Susquehanna International Group
26
Susquehanna International Group
Pennsylvania
$511K +$516K +73,256 New
Creative Planning
27
Creative Planning
Kansas
$500K +$14.6K +2,077 +3%
LCM
28
Landscape Capital Management
New Jersey
$467K +$473K +67,061 New
SIM
29
Sonora Investment Management
Arizona
$414K – – –
Commonwealth Equity Services
30
Commonwealth Equity Services
Massachusetts
$402K -$16.8K -2,382 -4%
RJA
31
Raymond James & Associates
Florida
$372K -$36.7K -5,199 -9%
WAM
32
Weiss Asset Management
Massachusetts
$371K +$376K +53,265 New
Geode Capital Management
33
Geode Capital Management
Massachusetts
$359K +$364K +51,571 New
Thrivent Financial for Lutherans
34
Thrivent Financial for Lutherans
Minnesota
$358K +$7.35K +1,043 +2%
LTFS
35
Ladenburg Thalmann Financial Services
Florida
$336K -$110K -15,647 -25%
SG Americas Securities
36
SG Americas Securities
New York
$323K +$327K +46,334 New
Stifel Financial
37
Stifel Financial
Missouri
$297K +$18.8K +2,662 +7%
SWM
38
SeaCrest Wealth Management
New York
$291K +$295K +41,809 New
AGM
39
Alpine Global Management
New York
$243K +$246K +34,848 New
RJT
40
Raymond James Trust
Florida
$233K – – –
AG
41
Advisor Group
Arizona
$225K +$85.4K +12,115 +60%
Royal Bank of Canada
42
Royal Bank of Canada
Ontario, Canada
$213K +$15.1K +2,137 +8%
FNBT
43
FineMark National Bank & Trust
Florida
$195K – – –
ACM
44
Alethea Capital Management
Washington
$185K – – –
TFS
45
TrustCore Financial Services
Tennessee
$180K +$182K +25,755 New
Cetera Investment Advisers
46
Cetera Investment Advisers
Illinois
$171K -$6.77K -960 -4%
DADC
47
D.A. Davidson & Co
Montana
$161K +$10.6K +1,510 +7%
Goldman Sachs
48
Goldman Sachs
New York
$156K +$158K +22,451 New
Baird Financial Group
49
Baird Financial Group
Wisconsin
$154K +$13.4K +1,898 +9%
WLIM
50
White Lighthouse Investment Management
Massachusetts
$148K +$150K +21,275 New
1
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HIX Hedge Fund Activity: Q4 2017 in Review

82 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Western Asset High Income Fund II (HIX) for Q4 2017, worth a combined $101M — up 12% from $90.8M a quarter earlier.

Buyers outnumbered sellers: 23 funds opened new HIX positions and 8 closed out — a net gain of 15 holders — while 23 added to existing stakes and 17 trimmed.

The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $6.9M. The largest seller was UBS Group, cutting an estimated $2.27M.

  • 82 institutional investors held Western Asset High Income Fund II (HIX) as of Q4 2017, up from 67 in Q3 2017.
  • Funds reported $101M of Western Asset High Income Fund II stock for Q4 2017, up 12% quarter-over-quarter.
  • 23 funds opened new Western Asset High Income Fund II positions in Q4 2017 and 8 closed out, a net change of +15 holders.
  • The largest Western Asset High Income Fund II buyer in Q4 2017 was Rivernorth Capital Management, an estimated $6.9M added.
  • The largest Western Asset High Income Fund II seller in Q4 2017 was UBS Group, an estimated $2.27M sold.

Based on aggregated 13F filings for Q4 2017.