Western Asset High Yield Opportunity Fund Inc
HYI
34 hedge funds and large institutions have $95.4M invested in Western Asset High Yield Opportunity Fund Inc in 2014 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 15 increasing their positions, 9 reducing their positions, and 9 closing their positions.
67% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 9
22% more capital invested
Capital invested by funds: $78.3M → $95.4M (+$17.1M)
4.02% more ownership
Funds ownership: 19.4% → 23.42% (+4%)
11% less funds holding
Funds holding: 38 → 34 (-4)
44% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$7.8M |
| 2 |
TAM
Third Avenue Management
New York
|
+$5.11M |
| 3 |
Morgan Stanley
New York
|
+$3.05M |
| 4 |
CC
Carlson Capital
Dallas,
Texas
|
+$2.75M |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$562K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
-$1.21M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$934K |
| 3 |
PP
Paloma Partners
Greenwich,
Connecticut
|
-$550K |
| 4 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$379K |
| 5 |
KFC
Klingenstein Fields & Co
New York
|
-$373K |
HYI Hedge Fund Activity: Q1 2014 in Review
34 of the 3,463 institutional investors tracked by Wall St. Rank reported a position in Western Asset High Yield Opportunity Fund Inc (HYI) for Q1 2014, worth a combined $95.4M — up 22% from $78.3M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of HYI and 5 opened new positions — a net loss of 4 holders — while 9 trimmed existing stakes and 15 added.
The largest buyer was Saba Capital Management, adding an estimated $7.8M. The largest seller was Cohen & Steers, cutting an estimated $1.21M.
- 34 institutional investors held Western Asset High Yield Opportunity Fund Inc (HYI) as of Q1 2014, down from 38 in Q4 2013.
- Funds reported $95.4M of Western Asset High Yield Opportunity Fund Inc stock for Q1 2014, up 22% quarter-over-quarter.
- 5 funds opened new Western Asset High Yield Opportunity Fund Inc positions in Q1 2014 and 9 closed out, a net change of -4 holders.
- The largest Western Asset High Yield Opportunity Fund Inc buyer in Q1 2014 was Saba Capital Management, an estimated $7.8M added.
- The largest Western Asset High Yield Opportunity Fund Inc seller in Q1 2014 was Cohen & Steers, an estimated $1.21M sold.
Based on aggregated 13F filings for Q1 2014.