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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
SWM
51
SeaCrest Wealth Management
New York
$92K -$51.6K -8,127 -36%
HighTower Advisors
52
HighTower Advisors
Illinois
$90K – – –
PNC Financial Services Group
53
PNC Financial Services Group
Pennsylvania
$90K – – –
SPIA
54
Steward Partners Investment Advisory
New York
$89K +$87.6K +13,806 New
FVCM
55
F&V Capital Management
Florida
$88K – – –
HCM
56
Hollencrest Capital Management
California
$79K – – –
WJA
57
Williams Jones & Associates
New York
$78K – – –
CAN
58
Cetera Advisor Networks
California
$76K – – –
RJFSA
59
Raymond James Financial Services Advisors
Florida
$67K -$3.74K -590 -5%
ClearBridge Investments
60
ClearBridge Investments
New York
$48K – – –
FHB
61
First Hawaiian Bank
Hawaii
$35K – – –
IP
62
Intellectus Partners
California
$35K +$33.7K +5,314 New
QCIG
63
Quad-Cities Investment Group
Iowa
$31K +$565 +89 +2%
PFGIA
64
Patriot Financial Group Insurance Agency
Massachusetts
$31K +$10.5K +1,647 +53%
CFGS
65
Concourse Financial Group Securities
Alabama
$23K +$8.85K +1,395 +65%
BFEC
66
Benjamin F. Edwards & Company
Missouri
$20K – – –
MFW
67
Mosaic Family Wealth
Missouri
$13K – – –
GSWM
68
Golden State Wealth Management
California
$13K +$13K +2,056 New
Northwestern Mutual Wealth Management
69
Northwestern Mutual Wealth Management
Wisconsin
$12K -$1.53K -241 -12%
OIA
70
Optimum Investment Advisors
Illinois
$10K – – –
AIC
71
Ameritas Investment Company
Nebraska
$10K +$9.79K +1,543 New
GI
72
Gradient Investments
Minnesota
$8K – – –
APA
73
American Portfolios Advisors
New York
$3.61K +$3.54K +557 New
SEI Investments
74
SEI Investments
Pennsylvania
$2K +$1.9K +300 New
ASN
75
Advisory Services Network
Georgia
$1K – – –
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.