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HIX

Western Asset High Income Fund II
HIX

79 hedge funds and large institutions have $165M invested in Western Asset High Income Fund II in 2019 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 25 increasing their positions, 22 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

18% more capital invested

Capital invested by funds: $140M → $165M (+$24.7M)

14% more repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 22

1.28% more ownership

Funds ownership: 28.29% → 29.56% (+1.3%)

5% less funds holding

Funds holding: 83 → 79 (-4)

24% less first-time investments, than exits

New positions opened: 13 | Existing positions closed: 17

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
79
Holders Change
-4
Holders Change %
-4.82%
% of All Funds
1.71%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
13
Increased
25
Reduced
22
Closed
17
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$8.28M
2
UBS Group
UBS Group
Switzerland
+$2.97M
3
RCM
Rivernorth Capital Management
Florida
+$2.79M
4
VIA
Vident Investment Advisory
Georgia
+$1.25M
5
BI
Bramshill Investments
Florida
+$1.17M

Top Sellers

Rank Fund Capital Flow
1
PPA
Parametric Portfolio Associates
Washington
-$3.15M
2
CRC
Curi RMB Capital
Illinois
-$2.13M
3
BlackRock
BlackRock
New York
-$2.03M
4
LCM
Landscape Capital Management
New Jersey
-$1.22M
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$1.12M
Name Holding Trade Value Shares
Change 		Change in
Stake
FAAS
26
First Allied Advisory Services
California
$403K -$147K -23,091 -27%
Millennium Management
27
Millennium Management
New York
$403K +$327K +51,536 +486%
SIM
28
Sonora Investment Management
Arizona
$385K – – –
Cambridge Investment Research Advisors
29
Cambridge Investment Research Advisors
Iowa
$338K -$57.3K -9,023 -15%
Creative Planning
30
Creative Planning
Kansas
$336K -$8.85K -1,395 -3%
Baird Financial Group
31
Baird Financial Group
Wisconsin
$314K +$35.8K +5,641 +13%
AG
32
Advisor Group
Arizona
$254K +$14K +2,210 +6%
PAS
33
Park Avenue Securities
New York
$251K +$7.8K +1,229 +3%
LTFS
34
Ladenburg Thalmann Financial Services
Florida
$244K +$965 +152 +0.4%
Envestnet Asset Management
35
Envestnet Asset Management
Illinois
$243K +$4.59K +723 +2%
LPL Financial
36
LPL Financial
California
$219K -$228K -35,865 -52%
RJA
37
Raymond James & Associates
Florida
$218K +$71K +11,185 +50%
Commonwealth Equity Services
38
Commonwealth Equity Services
Massachusetts
$208K +$5.26K +829 +3%
AA
39
AQR Arbitrage
Connecticut
$205K -$360K -56,804 -64%
Stifel Financial
40
Stifel Financial
Missouri
$189K +$14.4K +2,270 +8%
LCM
41
Landscape Capital Management
New Jersey
$183K -$1.22M -192,218 -87%
FIA
42
FNY Investment Advisers
New York
$178K +$175K +27,527 New
Thrivent Financial for Lutherans
43
Thrivent Financial for Lutherans
Minnesota
$165K -$193K -30,489 -55%
TFS
44
TrustCore Financial Services
Tennessee
$134K -$31.7K -5,000 -19%
Cetera Investment Advisers
45
Cetera Investment Advisers
Illinois
$128K -$12.7K -2,000 -9%
TSS
46
Two Sigma Securities
New York
$115K +$113K +17,762 New
BF
47
BOK Financial
Oklahoma
$114K – – –
SCA
48
Sage Capital Advisors
South Dakota
$108K +$1.76K +277 +2%
SDAM
49
Shulman DeMeo Asset Management
New York
$98K – – –
M&T Bank
50
M&T Bank
New York
$97K -$298 -47 -0.3%
1
2
3 4

HIX Hedge Fund Activity: Q1 2019 in Review

79 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Western Asset High Income Fund II (HIX) for Q1 2019, worth a combined $165M — up 18% from $140M a quarter earlier.

Sellers outnumbered buyers: 17 funds closed out of HIX and 13 opened new positions — a net loss of 4 holders — while 22 trimmed existing stakes and 25 added.

The largest buyer was Saba Capital Management, adding an estimated $8.28M. The largest seller was Parametric Portfolio Associates, cutting an estimated $3.15M.

  • 79 institutional investors held Western Asset High Income Fund II (HIX) as of Q1 2019, down from 83 in Q4 2018.
  • Funds reported $165M of Western Asset High Income Fund II stock for Q1 2019, up 18% quarter-over-quarter.
  • 13 funds opened new Western Asset High Income Fund II positions in Q1 2019 and 17 closed out, a net change of -4 holders.
  • The largest Western Asset High Income Fund II buyer in Q1 2019 was Saba Capital Management, an estimated $8.28M added.
  • The largest Western Asset High Income Fund II seller in Q1 2019 was Parametric Portfolio Associates, an estimated $3.15M sold.

Based on aggregated 13F filings for Q1 2019.