Western Asset High Yield Opportunity Fund Inc
HYI
30 hedge funds and large institutions have $61M invested in Western Asset High Yield Opportunity Fund Inc in 2013 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 13 increasing their positions, 7 reducing their positions, and 6 closing their positions.
86% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 7
17% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 6
3% more funds holding
Funds holding: 29 → 30 (+1)
3% more capital invested
Capital invested by funds: $59.2M → $61M (+$1.8M)
0.3% more ownership
Funds ownership: 14.96% → 15.26% (+0.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$3.5M |
| 2 |
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
|
+$2.06M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.46M |
| 4 |
PRCM
Pine River Capital Management
Minnetonka,
Minnesota
|
+$1.13M |
| 5 |
TAM
Third Avenue Management
New York
|
+$510K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NCM
Newgate Capital Management
Greenwich,
Connecticut
|
-$2.76M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$2.53M |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$908K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$830K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$408K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| $55K | +$6.34K | +360 | +13% |
|
27
Royal Bank of Canada
Toronto,
Ontario, Canada
| $54K | +$5.71K | +324 | +12% |
|
28
Bank of Montreal
Toronto,
Ontario, Canada
| $42K | +$41.8K | +2,375 | New |
|
29
Creative Planning
Overland Park,
Kansas
| $18K | – | – | – |
|
|
MFS
30
MSI Financial Services
Springfield,
Massachusetts
| $5K | – | – | – |
|
|
NCM
31
Newgate Capital Management
Greenwich,
Connecticut
| – | -$2.76M | -156,268 | Closed |
|
|
SFS
32
Shaker Financial Services
Arlington,
Virginia
| – | -$908K | -51,348 | Closed |
|
|
WAM
33
Wolverine Asset Management
Chicago,
Illinois
| – | -$830K | -46,966 | Closed |
|
|
VAM
34
Visium Asset Management
New York
| – | -$317K | -17,844 | Closed |
|
35
Jane Street
New York
| – | -$250K | -14,168 | Closed |
|
|
BIM
36
BlackRock Investment Management
Wilmington,
Delaware
| – | -$35K | -2,000 | Closed |
|
HYI Hedge Fund Activity: Q3 2013 in Review
30 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Western Asset High Yield Opportunity Fund Inc (HYI) for Q3 2013, worth a combined $61M — up 3% from $59.2M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new HYI positions and 6 closed out — a net gain of 1 holder — while 13 added to existing stakes and 7 trimmed.
The largest buyer was Saba Capital Management, opening a new position worth an estimated $3.5M. The largest seller was Newgate Capital Management, exiting entirely with an estimated $2.76M sold.
- 30 institutional investors held Western Asset High Yield Opportunity Fund Inc (HYI) as of Q3 2013, up from 29 in Q2 2013.
- Funds reported $61M of Western Asset High Yield Opportunity Fund Inc stock for Q3 2013, up 3% quarter-over-quarter.
- 7 funds opened new Western Asset High Yield Opportunity Fund Inc positions in Q3 2013 and 6 closed out, a net change of +1 holder.
- The largest Western Asset High Yield Opportunity Fund Inc buyer in Q3 2013 was Saba Capital Management, an estimated $3.5M added.
- The largest Western Asset High Yield Opportunity Fund Inc seller in Q3 2013 was Newgate Capital Management, an estimated $2.76M sold.
Based on aggregated 13F filings for Q3 2013.