Western Asset High Income Fund II
HIX
87 hedge funds and large institutions have $148M invested in Western Asset High Income Fund II in 2020 Q3 according to their latest regulatory filings, with 20 funds opening new positions, 25 increasing their positions, 26 reducing their positions, and 14 closing their positions.
61% more capital inflows, than outflows
Capital inflows: $22.5M | Capital outflows: $14M
43% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 14
6% more funds holding
Funds holding: 82 → 87 (+5)
1.79% more ownership
Funds ownership: 25.72% → 27.51% (+1.8%)
4% less repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 26
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$16.6M |
| 2 |
IHT Wealth Management
Chicago,
Illinois
|
+$1.28M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$952K |
| 4 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$628K |
| 5 |
Penserra Capital Management
Orinda,
California
|
+$426K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$3.03M |
| 2 |
Parametric Portfolio Associates
Seattle,
Washington
|
-$2.37M |
| 3 |
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$2.28M |
| 4 |
Saba Capital Management
New York
|
-$2.26M |
| 5 |
Bramshill Investments
Naples,
Florida
|
-$1.03M |
HIX Hedge Fund Activity: Q3 2020 in Review
87 of the 4,972 institutional investors tracked by Wall St. Rank reported a position in Western Asset High Income Fund II (HIX) for Q3 2020, worth a combined $148M — up 9.1% from $136M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new HIX positions and 14 closed out — a net gain of 6 holders — while 25 added to existing stakes and 26 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $16.6M. The largest seller was Invesco, cutting an estimated $3.03M.
- 87 institutional investors held Western Asset High Income Fund II (HIX) as of Q3 2020, up from 82 in Q2 2020.
- Funds reported $148M of Western Asset High Income Fund II stock for Q3 2020, up 9.1% quarter-over-quarter.
- 20 funds opened new Western Asset High Income Fund II positions in Q3 2020 and 14 closed out, a net change of +6 holders.
- The largest Western Asset High Income Fund II buyer in Q3 2020 was Rivernorth Capital Management, an estimated $16.6M added.
- The largest Western Asset High Income Fund II seller in Q3 2020 was Invesco, an estimated $3.03M sold.
Based on aggregated 13F filings for Q3 2020.