Western Asset High Income Fund II
HIX
52 hedge funds and large institutions have $56M invested in Western Asset High Income Fund II in 2013 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 20 increasing their positions, 14 reducing their positions, and 5 closing their positions.
43% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 14
27% more capital invested
Capital invested by funds: $44M → $56M (+$11.9M)
1.32% more ownership
Funds ownership: 5.59% → 6.91% (+1.3%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
2% less funds holding
Funds holding: 53 → 52 (-1)
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$8.47M |
| 2 |
Goldman Sachs
New York
|
+$923K |
| 3 |
U
UBS
Zurich,
Switzerland
|
+$859K |
| 4 |
Invesco
Atlanta,
Georgia
|
+$686K |
| 5 |
NPC
National Planning Corporation
El Segundo,
California
|
+$558K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WA
WFG Advisors
Dallas,
Texas
|
-$655K |
| 2 |
MVP
Miller Value Partners
Sarasota,
Florida
|
-$650K |
| 3 |
Morgan Stanley
New York
|
-$336K |
| 4 |
IH
IFC Holdings
Tampa,
Florida
|
-$310K |
| 5 |
SNC
Stifel Nicolaus & Co
St Louis,
Missouri
|
-$208K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PSI
51
Pinnacle Summer Investments
Fairfax,
Virginia
| $1K | +$631 | +70 | New |
|
|
MVP
52
Miller Value Partners
Sarasota,
Florida
| – | -$650K | -70,460 | Closed |
|
|
IH
53
IFC Holdings
Tampa,
Florida
| – | -$310K | -33,685 | Closed |
|
54
Rafferty Asset Management
New York
| – | -$148K | -16,099 | Closed |
|
|
PP
55
Paloma Partners
Greenwich,
Connecticut
| – | -$148K | -16,000 | Closed |
|
|
TRCT
56
Tower Research Capital (TRC)
New York
| – | -$9K | -1,000 | Closed |
|
HIX Hedge Fund Activity: Q3 2013 in Review
52 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Western Asset High Income Fund II (HIX) for Q3 2013, worth a combined $56M — up 27% from $44M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of HIX and 4 opened new positions — a net loss of 1 holder — while 14 trimmed existing stakes and 20 added.
The largest buyer was Guggenheim Capital, adding an estimated $8.47M. The largest seller was WFG Advisors, cutting an estimated $655K.
- 52 institutional investors held Western Asset High Income Fund II (HIX) as of Q3 2013, down from 53 in Q2 2013.
- Funds reported $56M of Western Asset High Income Fund II stock for Q3 2013, up 27% quarter-over-quarter.
- 4 funds opened new Western Asset High Income Fund II positions in Q3 2013 and 5 closed out, a net change of -1 holder.
- The largest Western Asset High Income Fund II buyer in Q3 2013 was Guggenheim Capital, an estimated $8.47M added.
- The largest Western Asset High Income Fund II seller in Q3 2013 was WFG Advisors, an estimated $655K sold.
Based on aggregated 13F filings for Q3 2013.