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HIX

Western Asset High Income Fund II
HIX

65 hedge funds and large institutions have $66M invested in Western Asset High Income Fund II in 2015 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 21 increasing their positions, 17 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

120% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 5

24% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 17

10% more funds holding

Funds holding: 59 → 65 (+6)

1.2% less ownership

Funds ownership: 10.74% → 9.53% (-1.2%)

14% less capital invested

Capital invested by funds: $76.8M → $66M (-$10.8M)

Holders
65
Holders Change
+6
Holders Change %
+10.17%
% of All Funds
1.73%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
11
Increased
21
Reduced
17
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
UBS Group
UBS Group
Switzerland
+$4.27M
2
SFS
Shaker Financial Services
Virginia
+$754K
3
YMRC
Yorktown Management & Research Company
Virginia
+$486K
4
CS
Credit Suisse
Switzerland
+$479K
5
LPL Financial
LPL Financial
California
+$417K

Top Sellers

1
RCM
Rivernorth Capital Management
Florida
-$4.36M
2
MIG
Mariner Investment Group
New York
-$4.27M
3
SG Americas Securities
SG Americas Securities
New York
-$3.31M
4
Morgan Stanley
Morgan Stanley
New York
-$1.46M
5
WAM
Weiss Asset Management
Massachusetts
-$563K
Name Holding Trade Value Shares
Change 		Change in
Stake
Northwestern Mutual Wealth Management
51
Northwestern Mutual Wealth Management
Wisconsin
$25K +$11.9K +1,468 +89%
DADC
52
D.A. Davidson & Co
Montana
$24K +$631 +78 +3%
PNC Financial Services Group
53
PNC Financial Services Group
Pennsylvania
$23K +$23.6K +2,917 New
Deutsche Bank
54
Deutsche Bank
Germany
$16K -$3.27K -404 -17%
NFG
55
Next Financial Group
Texas
$16K – – –
WTB
56
Washington Trust Bank
Washington
$16K – – –
OIA
57
Optimum Investment Advisors
Illinois
$12K – – –
RIA
58
Regal Investment Advisors
Michigan
$12K – – –
BRWM
59
B. Riley Wealth Management
Tennessee
$9K -$8.1K -1,000 -46%
TFA
60
Transamerica Financial Advisors
Florida
$9K – – –
GI
61
Gradient Investments
Minnesota
$6K – – –
Barclays
62
Barclays
United Kingdom
$2K +$1.31K +162 +162%
GWA
63
Genesis Wealth Advisors
Massachusetts
$810 – – –
RCM
64
Rivernorth Capital Management
Florida
– -$4.36M -524,698 Closed
WAM
65
Weiss Asset Management
Massachusetts
– -$563K -67,806 Closed
RJFSA
66
Raymond James Financial Services Advisors
Florida
– -$536K -64,458 Closed
BRWA
67
B. Riley Wealth Advisors
Florida
– -$27 -3,287 Closed
VIA
68
Vantage Investment Advisors
Pennsylvania
– -$10K -1,200 Closed
MAA
69
Managed Account Advisors
New Jersey
– +$65 +8 New
1 2
3

HIX Hedge Fund Activity: Q1 2015 in Review

65 of the 3,752 institutional investors tracked by Wall St. Rank reported a position in Western Asset High Income Fund II (HIX) for Q1 2015, worth a combined $66M — down 14% from $76.8M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new HIX positions and 5 closed out — a net gain of 6 holders — while 21 added to existing stakes and 17 trimmed.

The largest buyer was UBS Group, adding an estimated $4.27M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $4.36M sold.

  • 65 institutional investors held Western Asset High Income Fund II (HIX) as of Q1 2015, up from 59 in Q4 2014.
  • Funds reported $66M of Western Asset High Income Fund II stock for Q1 2015, down 14% quarter-over-quarter.
  • 11 funds opened new Western Asset High Income Fund II positions in Q1 2015 and 5 closed out, a net change of +6 holders.
  • The largest Western Asset High Income Fund II buyer in Q1 2015 was UBS Group, an estimated $4.27M added.
  • The largest Western Asset High Income Fund II seller in Q1 2015 was Rivernorth Capital Management, an estimated $4.36M sold.

Based on aggregated 13F filings for Q1 2015.