Western Asset High Income Fund II
HIX
78 hedge funds and large institutions have $119M invested in Western Asset High Income Fund II in 2018 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 26 increasing their positions, 25 reducing their positions, and 13 closing their positions.
17% more capital invested
Capital invested by funds: $101M → $119M (+$17.6M)
4.11% more ownership
Funds ownership: 16.88% → 20.99% (+4.1%)
4% more repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 25
5% less funds holding
Funds holding: 82 → 78 (-4)
31% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$12.6M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$6.07M |
| 3 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$2.67M |
| 4 |
VIA
Vident Investment Advisory
Alpharetta,
Georgia
|
+$1.92M |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.56M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bessemer Group
Woodbridge,
New Jersey
|
-$1.81M |
| 2 |
Millennium Management
New York
|
-$841K |
| 3 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$371K |
| 4 |
Geode Capital Management
Boston,
Massachusetts
|
-$359K |
| 5 |
DA
Doliver Advisors
Houston,
Texas
|
-$350K |
HIX Hedge Fund Activity: Q1 2018 in Review
78 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Western Asset High Income Fund II (HIX) for Q1 2018, worth a combined $119M — up 17% from $101M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of HIX and 9 opened new positions — a net loss of 4 holders — while 25 trimmed existing stakes and 26 added.
The largest buyer was Saba Capital Management, adding an estimated $12.6M. The largest seller was Bessemer Group, exiting entirely with an estimated $1.81M sold.
- 78 institutional investors held Western Asset High Income Fund II (HIX) as of Q1 2018, down from 82 in Q4 2017.
- Funds reported $119M of Western Asset High Income Fund II stock for Q1 2018, up 17% quarter-over-quarter.
- 9 funds opened new Western Asset High Income Fund II positions in Q1 2018 and 13 closed out, a net change of -4 holders.
- The largest Western Asset High Income Fund II buyer in Q1 2018 was Saba Capital Management, an estimated $12.6M added.
- The largest Western Asset High Income Fund II seller in Q1 2018 was Bessemer Group, an estimated $1.81M sold.
Based on aggregated 13F filings for Q1 2018.