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HYI

Western Asset High Yield Opportunity Fund Inc
HYI

42 hedge funds and large institutions have $107M invested in Western Asset High Yield Opportunity Fund Inc in 2014 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 16 increasing their positions, 6 reducing their positions, and 1 closing their positions.

New
Increased
Maintained
Reduced
Closed

900% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 1

167% more repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 6

24% more funds holding

Funds holding: 34 → 42 (+8)

12% more capital invested

Capital invested by funds: $95.4M → $107M (+$11.8M)

2.85% more ownership

Funds ownership: 23.42% → 26.26% (+2.8%)

Holders
42
Holders Change
+8
Holders Change %
+23.53%
% of All Funds
1.21%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
10
Increased
16
Reduced
6
Closed
1
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$9.75M
2
KSCM
Kamunting Street Capital Management
Florida
+$1.77M
3
RCM
Rivernorth Capital Management
Florida
+$1.68M
4
Bank of America
Bank of America
North Carolina
+$1.22M
5
SG Americas Securities
SG Americas Securities
New York
+$1.01M

Top Sellers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
-$4.52M
2
Cohen & Steers
Cohen & Steers
New York
-$1.96M
3
TC
TFS Capital
Pennsylvania
-$318K
4
CAN
Cetera Advisor Networks
California
-$226K
5
Morgan Stanley
Morgan Stanley
New York
-$96.1K
Name Holding Trade Value Shares
Change 		Change in
Stake
TJHA
26
Thomas J. Herzfeld Advisors
Florida
$406K +$125K +7,000 +45%
SI
27
SII Investments
Wisconsin
$401K – – –
EVM
28
Eaton Vance Management
Massachusetts
$214K +$213K +11,898 New
Citigroup
29
Citigroup
New York
$171K +$72 +4 +0%
DADC
30
D.A. Davidson & Co
Montana
$61K – – –
AIG
31
American International Group
New York
$55.2K – – –
Deutsche Bank
32
Deutsche Bank
Germany
$53K +$1K +56 +2%
Bank of Montreal
33
Bank of Montreal
Ontario, Canada
$25K +$24.7K +1,380 New
NES
34
New England Securities
New York
$24K – – –
Royal Bank of Canada
35
Royal Bank of Canada
Ontario, Canada
$24K +$215 +12 +0.9%
Creative Planning
36
Creative Planning
Kansas
$18K – – –
Fifth Third Bancorp
37
Fifth Third Bancorp
Ohio
$11K – – –
BRWA
38
B. Riley Wealth Advisors
Florida
$10.3K +$10.3K +574 New
MFS
39
MSI Financial Services
Massachusetts
$5K – – –
W
40
Wealthfront
California
$3K +$3.13K +175 New
TRCT
41
Tower Research Capital (TRC)
New York
$1K -$32.6K -1,821 -98%
TC
42
TFS Capital
Pennsylvania
– -$318K -17,765 Closed
MAA
43
Managed Account Advisors
New Jersey
– +$54 +3 New
1
2

HYI Hedge Fund Activity: Q2 2014 in Review

42 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Western Asset High Yield Opportunity Fund Inc (HYI) for Q2 2014, worth a combined $107M — up 12% from $95.4M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new HYI positions and 1 closed out — a net gain of 9 holders — while 16 added to existing stakes and 6 trimmed.

The largest buyer was Saba Capital Management, adding an estimated $9.75M. The largest seller was Guggenheim Capital, cutting an estimated $4.52M.

  • 42 institutional investors held Western Asset High Yield Opportunity Fund Inc (HYI) as of Q2 2014, up from 34 in Q1 2014.
  • Funds reported $107M of Western Asset High Yield Opportunity Fund Inc stock for Q2 2014, up 12% quarter-over-quarter.
  • 10 funds opened new Western Asset High Yield Opportunity Fund Inc positions in Q2 2014 and 1 closed out, a net change of +9 holders.
  • The largest Western Asset High Yield Opportunity Fund Inc buyer in Q2 2014 was Saba Capital Management, an estimated $9.75M added.
  • The largest Western Asset High Yield Opportunity Fund Inc seller in Q2 2014 was Guggenheim Capital, an estimated $4.52M sold.

Based on aggregated 13F filings for Q2 2014.