Western Asset High Income Fund II
HIX
92 hedge funds and large institutions have $110M invested in Western Asset High Income Fund II in 2020 Q1 according to their latest regulatory filings, with 21 funds opening new positions, 31 increasing their positions, 25 reducing their positions, and 10 closing their positions.
110% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 10
24% more repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 25
11% more funds holding
Funds holding: 83 → 92 (+9)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
3.07% less ownership
Funds ownership: 28.65% → 25.58% (-3.1%)
33% less capital invested
Capital invested by funds: $165M → $110M (-$54.9M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$5.42M |
| 2 |
BI
Bramshill Investments
Naples,
Florida
|
+$3.51M |
| 3 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$2.78M |
| 4 |
Goldman Sachs
New York
|
+$1.48M |
| 5 |
HighTower Advisors
Chicago,
Illinois
|
+$1.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$19.9M |
| 2 |
SCM
Saba Capital Management
New York
|
-$11.5M |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$1.5M |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$1.12M |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$782K |
HIX Hedge Fund Activity: Q1 2020 in Review
92 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Western Asset High Income Fund II (HIX) for Q1 2020, worth a combined $110M — down 33% from $165M a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new HIX positions and 10 closed out — a net gain of 11 holders — while 31 added to existing stakes and 25 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $5.42M. The largest seller was UBS Group, cutting an estimated $19.9M.
- 92 institutional investors held Western Asset High Income Fund II (HIX) as of Q1 2020, up from 83 in Q4 2019.
- Funds reported $110M of Western Asset High Income Fund II stock for Q1 2020, down 33% quarter-over-quarter.
- 21 funds opened new Western Asset High Income Fund II positions in Q1 2020 and 10 closed out, a net change of +11 holders.
- The largest Western Asset High Income Fund II buyer in Q1 2020 was Rivernorth Capital Management, an estimated $5.42M added.
- The largest Western Asset High Income Fund II seller in Q1 2020 was UBS Group, an estimated $19.9M sold.
Based on aggregated 13F filings for Q1 2020.