Western Asset High Income Fund II
HIX
65 hedge funds and large institutions have $66M invested in Western Asset High Income Fund II in 2015 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 21 increasing their positions, 17 reducing their positions, and 5 closing their positions.
120% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 5
24% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 17
10% more funds holding
Funds holding: 59 → 65 (+6)
1.2% less ownership
Funds ownership: 10.74% → 9.53% (-1.2%)
14% less capital invested
Capital invested by funds: $76.9M → $66M (-$10.8M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$4.27M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$754K |
| 3 |
YMRC
Yorktown Management & Research Company
Forest,
Virginia
|
+$486K |
| 4 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$479K |
| 5 |
LPL Financial
San Diego,
California
|
+$417K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$4.36M |
| 2 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$4.27M |
| 3 |
SG Americas Securities
New York
|
-$3.31M |
| 4 |
Morgan Stanley
New York
|
-$1.46M |
| 5 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$563K |
HIX Hedge Fund Activity: Q1 2015 in Review
65 of the 3,770 institutional investors tracked by Wall St. Rank reported a position in Western Asset High Income Fund II (HIX) for Q1 2015, worth a combined $66M — down 14% from $76.9M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new HIX positions and 5 closed out — a net gain of 6 holders — while 21 added to existing stakes and 17 trimmed.
The largest buyer was UBS Group, adding an estimated $4.27M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $4.36M sold.
- 65 institutional investors held Western Asset High Income Fund II (HIX) as of Q1 2015, up from 59 in Q4 2014.
- Funds reported $66M of Western Asset High Income Fund II stock for Q1 2015, down 14% quarter-over-quarter.
- 11 funds opened new Western Asset High Income Fund II positions in Q1 2015 and 5 closed out, a net change of +6 holders.
- The largest Western Asset High Income Fund II buyer in Q1 2015 was UBS Group, an estimated $4.27M added.
- The largest Western Asset High Income Fund II seller in Q1 2015 was Rivernorth Capital Management, an estimated $4.36M sold.
Based on aggregated 13F filings for Q1 2015.