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HIX

Western Asset High Income Fund II
HIX

63 hedge funds and large institutions have $53M invested in Western Asset High Income Fund II in 2020 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 18 increasing their positions, 23 reducing their positions, and 31 closing their positions.

New
Increased
Maintained
Reduced
Closed

18.36% less ownership

Funds ownership: 27.51% → 9.15% (-18%)

22% less repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 23

28% less funds holding

Funds holding: 87 → 63 (-24)

64% less capital invested

Capital invested by funds: $148M → $53M (-$95.3M)

77% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 31

Holders
63
Holders Change
-24
Holders Change %
-27.59%
% of All Funds
1.11%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
7
Increased
18
Reduced
23
Closed
31
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PCM
Penserra Capital Management
California
+$582K
2
Bank of America
Bank of America
North Carolina
+$487K
3
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$324K
4
GC
Guggenheim Capital
Illinois
+$298K
5
CFG
Cooper Financial Group
California
+$177K

Top Sellers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
-$46M
2
RCM
Rivernorth Capital Management
Florida
-$28.4M
3
BI
Bramshill Investments
Florida
-$6.26M
4
PPA
Parametric Portfolio Associates
Washington
-$2.86M
5
SFS
Shaker Financial Services
Virginia
-$2.69M
Name Holding Trade Value Shares
Change 		Change in
Stake
WAM
76
Wolverine Asset Management
Illinois
– -$125K -19,649 Closed
AAS
77
Avantax Advisory Services
Texas
– -$117K -18,086 Closed
FA
78
FMA Advisory
Pennsylvania
– -$107K -16,777 Closed
Stifel Financial
79
Stifel Financial
Missouri
– -$102K -15,972 Closed
FVCM
80
F&V Capital Management
Florida
– -$87K -13,637 Closed
Millennium Management
81
Millennium Management
New York
– -$82 -12,835 Closed
SPC
82
Sigma Planning Corp
Michigan
– -$74K -11,559 Closed
Cetera Investment Advisers
83
Cetera Investment Advisers
Illinois
– -$66K -10,375 Closed
DA
84
Doliver Advisors
Texas
– -$65K -10,163 Closed
Barclays
85
Barclays
United Kingdom
– -$44K -6,421 Closed
LC
86
Lindbrook Capital
California
– -$32K -5,000 Closed
PAM
87
Panagora Asset Management
Massachusetts
– -$19K -2,928 Closed
GSWM
88
Golden State Wealth Management
California
– -$13K -2,056 Closed
BCA
89
Berman Capital Advisors
Georgia
– -$6K -1,008 Closed
NFSG
90
Newbridge Financial Services Group
Florida
– -$6K -900 Closed
ZB
91
Zions Bancorporation
Utah
– -$5K -713 Closed
FFA
92
Founders Financial Alliance
North Carolina
– -$1K -100 Closed
1 2 3
4

HIX Hedge Fund Activity: Q4 2020 in Review

63 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Western Asset High Income Fund II (HIX) for Q4 2020, worth a combined $53M — down 64% from $148M a quarter earlier.

Sellers outnumbered buyers: 31 funds closed out of HIX and 7 opened new positions — a net loss of 24 holders — while 23 trimmed existing stakes and 18 added.

The largest buyer was Penserra Capital Management, adding an estimated $582K. The largest seller was Saba Capital Management, exiting entirely with an estimated $46M sold.

  • 63 institutional investors held Western Asset High Income Fund II (HIX) as of Q4 2020, down from 87 in Q3 2020.
  • Funds reported $53M of Western Asset High Income Fund II stock for Q4 2020, down 64% quarter-over-quarter.
  • 7 funds opened new Western Asset High Income Fund II positions in Q4 2020 and 31 closed out, a net change of -24 holders.
  • The largest Western Asset High Income Fund II buyer in Q4 2020 was Penserra Capital Management, an estimated $582K added.
  • The largest Western Asset High Income Fund II seller in Q4 2020 was Saba Capital Management, an estimated $46M sold.

Based on aggregated 13F filings for Q4 2020.