Western Asset High Yield Opportunity Fund Inc
HYI
38 hedge funds and large institutions have $109M invested in Western Asset High Yield Opportunity Fund Inc in 2014 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 17 increasing their positions, 9 reducing their positions, and 9 closing their positions.
89% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 9
2.39% more ownership
Funds ownership: 26.26% → 28.66% (+2.4%)
2% more capital invested
Capital invested by funds: $107M → $109M (+$1.98M)
10% less funds holding
Funds holding: 42 → 38 (-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
|
+$3.43M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$2.08M |
| 3 |
Morgan Stanley
New York
|
+$1.38M |
| 4 |
DA
Doliver Advisors
Houston,
Texas
|
+$1.23M |
| 5 |
TAM
Third Avenue Management
New York
|
+$1.08M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SG Americas Securities
New York
|
-$1.01M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$751K |
| 3 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$508K |
| 4 |
U
UBS
Zurich,
Switzerland
|
-$403K |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$390K |
HYI Hedge Fund Activity: Q3 2014 in Review
38 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in Western Asset High Yield Opportunity Fund Inc (HYI) for Q3 2014, worth a combined $109M — up 1.9% from $107M 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 17 added.
The largest buyer was Saba Capital Management, adding an estimated $3.43M. The largest seller was SG Americas Securities, exiting entirely with an estimated $1.01M sold.
- 38 institutional investors held Western Asset High Yield Opportunity Fund Inc (HYI) as of Q3 2014, down from 42 in Q2 2014.
- Funds reported $109M of Western Asset High Yield Opportunity Fund Inc stock for Q3 2014, up 1.9% quarter-over-quarter.
- 5 funds opened new Western Asset High Yield Opportunity Fund Inc positions in Q3 2014 and 9 closed out, a net change of -4 holders.
- The largest Western Asset High Yield Opportunity Fund Inc buyer in Q3 2014 was Saba Capital Management, an estimated $3.43M added.
- The largest Western Asset High Yield Opportunity Fund Inc seller in Q3 2014 was SG Americas Securities, an estimated $1.01M sold.
Based on aggregated 13F filings for Q3 2014.