Western Asset High Income Fund II
HIX
77 hedge funds and large institutions have $129M invested in Western Asset High Income Fund II in 2018 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 18 increasing their positions, 34 reducing their positions, and 11 closing their positions.
9% more capital invested
Capital invested by funds: $119M → $129M (+$10.3M)
2.27% more ownership
Funds ownership: 20.99% → 23.26% (+2.3%)
9% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 11
1% less funds holding
Funds holding: 78 → 77 (-1)
47% less repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 34
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$17.1M |
| 2 |
BlackRock
New York
|
+$2.27M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$980K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$660K |
| 5 |
TSS
Two Sigma Securities
New York
|
+$246K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$2.47M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.35M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.05M |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$902K |
| 5 |
Morgan Stanley
New York
|
-$740K |
HIX Hedge Fund Activity: Q2 2018 in Review
77 of the 4,385 institutional investors tracked by Wall St. Rank reported a position in Western Asset High Income Fund II (HIX) for Q2 2018, worth a combined $129M — up 8.6% from $119M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of HIX and 10 opened new positions — a net loss of 1 holder — while 34 trimmed existing stakes and 18 added.
The largest buyer was Saba Capital Management, adding an estimated $17.1M. The largest seller was Wolverine Asset Management, exiting entirely with an estimated $2.47M sold.
- 77 institutional investors held Western Asset High Income Fund II (HIX) as of Q2 2018, down from 78 in Q1 2018.
- Funds reported $129M of Western Asset High Income Fund II stock for Q2 2018, up 8.6% quarter-over-quarter.
- 10 funds opened new Western Asset High Income Fund II positions in Q2 2018 and 11 closed out, a net change of -1 holder.
- The largest Western Asset High Income Fund II buyer in Q2 2018 was Saba Capital Management, an estimated $17.1M added.
- The largest Western Asset High Income Fund II seller in Q2 2018 was Wolverine Asset Management, an estimated $2.47M sold.
Based on aggregated 13F filings for Q2 2018.