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HIX

Western Asset High Income Fund II
HIX

62 hedge funds and large institutions have $84.2M invested in Western Asset High Income Fund II in 2016 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 18 increasing their positions, 19 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

38% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 8

6% more capital invested

Capital invested by funds: $79.2M → $84.2M (+$5.01M)

5% more funds holding

Funds holding: 59 → 62 (+3)

1.02% more ownership

Funds ownership: 12.79% → 13.81% (+1%)

5% less repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 19

Holders
62
Holders Change
+3
Holders Change %
+5.08%
% of All Funds
1.55%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
11
Increased
18
Reduced
19
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
SFS
Shaker Financial Services
Virginia
+$2.46M
2
UBS Group
UBS Group
Switzerland
+$1.61M
3
LCM
Laurion Capital Management
New York
+$1.4M
4
Citigroup
Citigroup
New York
+$731K
5
Wells Fargo
Wells Fargo
California
+$546K

Top Sellers

1
GC
Guggenheim Capital
Illinois
-$945K
2
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
-$663K
3
Baird Financial Group
Baird Financial Group
Wisconsin
-$250K
4
VKH
Virtu KCG Holdings
New York
-$185K
5
WJA
Williams Jones & Associates
New York
-$153K
Name Holding Trade Value Shares
Change 		Change in
Stake
UBS Group
1
UBS Group
Switzerland
$26.5M +$1.61M +229,763 +7%
GC
2
Guggenheim Capital
Illinois
$9.27M -$945K -135,017 -9%
Bessemer Group
3
Bessemer Group
New Jersey
$8M +$291K +41,547 +4%
Invesco
4
Invesco
Georgia
$4.86M -$83K -11,867 -2%
VIA
5
Vident Investment Advisory
Georgia
$4.27M +$299K +42,795 +8%
Morgan Stanley
6
Morgan Stanley
New York
$3.3M +$412K +58,866 +14%
RCM
7
Robinson Capital Management
Michigan
$2.69M – – –
LPL Financial
8
LPL Financial
California
$2.65M +$103K +14,721 +4%
SFS
9
Shaker Financial Services
Virginia
$2.56M +$2.46M +351,315 +3,513%
Bank of Montreal
10
Bank of Montreal
Ontario, Canada
$2.24M – – –
Cambridge Investment Research Advisors
11
Cambridge Investment Research Advisors
Iowa
$1.97M -$663K -94,773 -25%
WCM
12
Windsor Capital Management
Arizona
$1.85M -$59.6K -8,515 -3%
CIA
13
Capital Investment Advisors
Georgia
$1.84M -$132K -18,831 -7%
LCM
14
Laurion Capital Management
New York
$1.42M +$1.4M +200,714 New
DA
15
Doliver Advisors
Texas
$1.3M +$99.1K +14,159 +8%
Wells Fargo
16
Wells Fargo
California
$1.22M +$546K +78,047 +83%
Citigroup
17
Citigroup
New York
$845K +$731K +104,544 +708%
Bank of America
18
Bank of America
North Carolina
$664K -$59.5K -8,511 -8%
Commonwealth Equity Services
19
Commonwealth Equity Services
Massachusetts
$655K +$48.3K +6,911 +8%
RJA
20
Raymond James & Associates
Florida
$503K -$27.1K -3,871 -5%
Creative Planning
21
Creative Planning
Kansas
$451K +$82.9K +11,853 +23%
SIM
22
Sonora Investment Management
Arizona
$421K – – –
FAAS
23
First Allied Advisory Services
California
$343K -$14K -2,000 -4%
Stifel Financial
24
Stifel Financial
Missouri
$321K +$12.6K +1,797 +4%
RJT
25
Raymond James Trust
Florida
$237K – – –
1
2 3

HIX Hedge Fund Activity: Q4 2016 in Review

62 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Western Asset High Income Fund II (HIX) for Q4 2016, worth a combined $84.2M — up 6.3% from $79.2M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new HIX positions and 8 closed out — a net gain of 3 holders — while 18 added to existing stakes and 19 trimmed.

The largest buyer was Shaker Financial Services, adding an estimated $2.46M. The largest seller was Guggenheim Capital, cutting an estimated $945K.

  • 62 institutional investors held Western Asset High Income Fund II (HIX) as of Q4 2016, up from 59 in Q3 2016.
  • Funds reported $84.2M of Western Asset High Income Fund II stock for Q4 2016, up 6.3% quarter-over-quarter.
  • 11 funds opened new Western Asset High Income Fund II positions in Q4 2016 and 8 closed out, a net change of +3 holders.
  • The largest Western Asset High Income Fund II buyer in Q4 2016 was Shaker Financial Services, an estimated $2.46M added.
  • The largest Western Asset High Income Fund II seller in Q4 2016 was Guggenheim Capital, an estimated $945K sold.

Based on aggregated 13F filings for Q4 2016.