Western Asset High Income Fund II
HIX
63 hedge funds and large institutions have $53M invested in Western Asset High Income Fund II in 2020 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 18 increasing their positions, 23 reducing their positions, and 31 closing their positions.
18.36% less ownership
Funds ownership: 27.51% → 9.15% (-18%)
22% less repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 23
28% less funds holding
Funds holding: 87 → 63 (-24)
64% less capital invested
Capital invested by funds: $148M → $53M (-$95.3M)
77% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 31
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Penserra Capital Management
Orinda,
California
|
+$582K |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$487K |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$324K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$298K |
| 5 |
CFG
Cooper Financial Group
Irvine,
California
|
+$177K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$46M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$28.4M |
| 3 |
BI
Bramshill Investments
Naples,
Florida
|
-$6.26M |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$2.86M |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$2.69M |
HIX Hedge Fund Activity: Q4 2020 in Review
63 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Western Asset High Income Fund II (HIX) for Q4 2020, worth a combined $53M — down 64% from $148M a quarter earlier.
Sellers outnumbered buyers: 31 funds closed out of HIX and 7 opened new positions — a net loss of 24 holders — while 23 trimmed existing stakes and 18 added.
The largest buyer was Penserra Capital Management, adding an estimated $582K. The largest seller was Saba Capital Management, exiting entirely with an estimated $46M sold.
- 63 institutional investors held Western Asset High Income Fund II (HIX) as of Q4 2020, down from 87 in Q3 2020.
- Funds reported $53M of Western Asset High Income Fund II stock for Q4 2020, down 64% quarter-over-quarter.
- 7 funds opened new Western Asset High Income Fund II positions in Q4 2020 and 31 closed out, a net change of -24 holders.
- The largest Western Asset High Income Fund II buyer in Q4 2020 was Penserra Capital Management, an estimated $582K added.
- The largest Western Asset High Income Fund II seller in Q4 2020 was Saba Capital Management, an estimated $46M sold.
Based on aggregated 13F filings for Q4 2020.