Western Asset High Income Fund II
HIX
83 hedge funds and large institutions have $165M invested in Western Asset High Income Fund II in 2019 Q4 according to their latest regulatory filings, with 19 funds opening new positions, 30 increasing their positions, 17 reducing their positions, and 7 closing their positions.
171% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 7
76% more repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 17
15% more funds holding
Funds holding: 72 → 83 (+11)
3% more capital invested
Capital invested by funds: $159M → $165M (+$5.29M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
1.01% less ownership
Funds ownership: 29.66% → 28.65% (-1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Penserra Capital Management
Orinda,
California
|
+$7.05M |
| 2 |
BI
Bramshill Investments
Naples,
Florida
|
+$5.22M |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$3.01M |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$2.29M |
| 5 |
Invesco
Atlanta,
Georgia
|
+$1.77M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$11M |
| 2 |
VIA
Vident Investment Advisory
Alpharetta,
Georgia
|
-$10.6M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$9.67M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$534K |
| 5 |
IWM
IHT Wealth Management
Chicago,
Illinois
|
-$449K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| $12K | – | – | – |
|
|
OIA
77
Optimum Investment Advisors
Chicago,
Illinois
| $10K | – | – | – |
|
|
PAM
78
Panagora Asset Management
Boston,
Massachusetts
| $6K | -$7.78K | -1,163 | -58% |
|
|
GI
79
Gradient Investments
Arden Hills,
Minnesota
| $5K | – | – | – |
|
|
TPWA
80
TRUE Private Wealth Advisors
Salem,
Oregon
| $3K | +$3.34K | +500 | New |
|
|
ASN
81
Advisory Services Network
Atlanta,
Georgia
| $1K | +$535 | +80 | New |
|
|
VIA
82
Vident Investment Advisory
Alpharetta,
Georgia
| – | -$10.6M | -1,566,793 | Closed |
|
|
CCP
83
Clough Capital Partners
Boston,
Massachusetts
| – | -$237K | -34,900 | Closed |
|
|
AGM
84
Alpine Global Management
New York
| – | -$83K | -12,304 | Closed |
|
|
BF
85
BOK Financial
Tulsa,
Oklahoma
| – | -$79K | -11,702 | Closed |
|
|
QCIG
86
Quad-Cities Investment Group
Davenport,
Iowa
| – | -$18K | -2,651 | Closed |
|
|
GSWM
87
Golden State Wealth Management
Santa Ana,
California
| – | -$14K | -2,056 | Closed |
|
|
SFS
88
Sowell Financial Services
North Little Rock,
Arkansas
| – | +$134 | +20 | New |
|
HIX Hedge Fund Activity: Q4 2019 in Review
83 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Western Asset High Income Fund II (HIX) for Q4 2019, worth a combined $165M — up 3.3% from $159M a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new HIX positions and 7 closed out — a net gain of 12 holders — while 30 added to existing stakes and 17 trimmed.
The largest buyer was Penserra Capital Management, opening a new position worth an estimated $7.05M. The largest seller was Saba Capital Management, cutting an estimated $11M.
- 83 institutional investors held Western Asset High Income Fund II (HIX) as of Q4 2019, up from 72 in Q3 2019.
- Funds reported $165M of Western Asset High Income Fund II stock for Q4 2019, up 3.3% quarter-over-quarter.
- 19 funds opened new Western Asset High Income Fund II positions in Q4 2019 and 7 closed out, a net change of +12 holders.
- The largest Western Asset High Income Fund II buyer in Q4 2019 was Penserra Capital Management, an estimated $7.05M added.
- The largest Western Asset High Income Fund II seller in Q4 2019 was Saba Capital Management, an estimated $11M sold.
Based on aggregated 13F filings for Q4 2019.