Western Asset High Income Fund II
HIX
79 hedge funds and large institutions have $139M invested in Western Asset High Income Fund II in 2018 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 31 increasing their positions, 22 reducing their positions, and 9 closing their positions.
41% more repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 22
22% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 9
8% more capital invested
Capital invested by funds: $129M → $139M (+$10.2M)
3% more funds holding
Funds holding: 77 → 79 (+2)
2.22% more ownership
Funds ownership: 23.26% → 25.48% (+2.2%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$6.85M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$1.07M |
| 3 |
NMC
Nine Masts Capital
Central,
Hong Kong
|
+$892K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$713K |
| 5 |
6M
6 Meridian
Wichita,
Kansas
|
+$599K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$696K |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
-$326K |
| 3 |
Wells Fargo
San Francisco,
California
|
-$198K |
| 4 |
LPL Financial
San Diego,
California
|
-$193K |
| 5 |
TSS
Two Sigma Securities
New York
|
-$175K |
HIX Hedge Fund Activity: Q3 2018 in Review
79 of the 4,391 institutional investors tracked by Wall St. Rank reported a position in Western Asset High Income Fund II (HIX) for Q3 2018, worth a combined $139M — up 7.9% from $129M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new HIX positions and 9 closed out — a net gain of 2 holders — while 31 added to existing stakes and 22 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $6.85M. The largest seller was Cambridge Investment Research Advisors, cutting an estimated $696K.
- 79 institutional investors held Western Asset High Income Fund II (HIX) as of Q3 2018, up from 77 in Q2 2018.
- Funds reported $139M of Western Asset High Income Fund II stock for Q3 2018, up 7.9% quarter-over-quarter.
- 11 funds opened new Western Asset High Income Fund II positions in Q3 2018 and 9 closed out, a net change of +2 holders.
- The largest Western Asset High Income Fund II buyer in Q3 2018 was Saba Capital Management, an estimated $6.85M added.
- The largest Western Asset High Income Fund II seller in Q3 2018 was Cambridge Investment Research Advisors, an estimated $696K sold.
Based on aggregated 13F filings for Q3 2018.