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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$8.28M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$2.97M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$2.79M |
| 4 |
VIA
Vident Investment Advisory
Alpharetta,
Georgia
|
+$1.25M |
| 5 |
BI
Bramshill Investments
Naples,
Florida
|
+$1.17M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$3.15M |
| 2 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$2.13M |
| 3 |
BlackRock
New York
|
-$2.03M |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$1.22M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.12M |
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.