Western Asset High Income Fund II
HIX
80 hedge funds and large institutions have $141M invested in Western Asset High Income Fund II in 2018 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 30 increasing their positions, 23 reducing their positions, and 9 closing their positions.
30% more repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 23
22% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 9
3% more funds holding
Funds holding: 78 → 80 (+2)
2.18% more ownership
Funds ownership: 23.3% → 25.48% (+2.2%)
5% more capital invested
Capital invested by funds: $135M → $141M (+$6.06M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$6.85M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$1.07M |
| 3 |
NMC
Nine Masts Capital
Central,
Hong Kong
|
+$892K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$713K |
| 5 |
6M
6 Meridian
Wichita,
Kansas
|
+$599K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$696K |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
-$326K |
| 3 |
Wells Fargo
San Francisco,
California
|
-$198K |
| 4 |
LPL Financial
San Diego,
California
|
-$193K |
| 5 |
TSS
Two Sigma Securities
New York
|
-$175K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TPWA
76
TRUE Private Wealth Advisors
Salem,
Oregon
| $3.17K | +$3.2K | +500 | New |
|
|
IA
77
IFP Advisors
Tampa,
Florida
| $1K | -$3.15K | -492 | -79% |
|
|
FIA
78
FNY Investment Advisers
New York
| $1K | – | – | – |
|
|
FNBT
79
FineMark National Bank & Trust
Fort Myers,
Florida
| – | -$108K | -16,751 | Closed |
|
80
Millennium Management
New York
| – | -$107K | -16,600 | Closed |
|
|
DADC
81
D.A. Davidson & Co
Great Falls,
Montana
| – | -$81K | -12,652 | Closed |
|
|
AF
82
Allworth Financial
Folsom,
California
| – | -$77K | -12,000 | Closed |
|
|
WS
83
Wedbush Securities
Los Angeles,
California
| – | -$70K | -10,926 | Closed |
|
|
WLIM
84
White Lighthouse Investment Management
Bedford,
Massachusetts
| – | -$68K | -10,625 | Closed |
|
85
SEI Investments
Oaks,
Pennsylvania
| – | -$48K | -7,400 | Closed |
|
|
BCA
86
Bay Colony Advisors
Concord,
Massachusetts
| – | -$41K | -6,440 | Closed |
|
|
RCAG
87
Rehmann Capital Advisory Group
Lansing,
Michigan
| – | -$193 | -30 | Closed |
|
88
Fidelity Investments
Boston,
Massachusetts
| – | +$6 | +1 | New |
|
HIX Hedge Fund Activity: Q3 2018 in Review
80 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Western Asset High Income Fund II (HIX) for Q3 2018, worth a combined $141M — up 4.5% from $135M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new HIX positions and 9 closed out — a net gain of 2 holders — while 30 added to existing stakes and 23 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $6.85M. The largest seller was Cambridge Investment Research Advisors, cutting an estimated $696K.
- 80 institutional investors held Western Asset High Income Fund II (HIX) as of Q3 2018, up from 78 in Q2 2018.
- Funds reported $141M of Western Asset High Income Fund II stock for Q3 2018, up 4.5% quarter-over-quarter.
- 11 funds opened new Western Asset High Income Fund II positions in Q3 2018 and 9 closed out, a net change of +2 holders.
- The largest Western Asset High Income Fund II buyer in Q3 2018 was Saba Capital Management, an estimated $6.85M added.
- The largest Western Asset High Income Fund II seller in Q3 2018 was Cambridge Investment Research Advisors, an estimated $696K sold.
Based on aggregated 13F filings for Q3 2018.