Western Asset High Yield Opportunity Fund Inc
HYI
42 hedge funds and large institutions have $109M invested in Western Asset High Yield Opportunity Fund Inc in 2015 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 10 increasing their positions, 12 reducing their positions, and 5 closing their positions.
80% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 5
11% more funds holding
Funds holding: 38 → 42 (+4)
8% more capital invested
Capital invested by funds: $102M → $109M (+$7.63M)
2.14% more ownership
Funds ownership: 31.85% → 34% (+2.1%)
17% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PMG
Private Management Group
Irvine,
California
|
+$11M |
| 2 |
State of New Jersey Common Pension Fund D
Trenton,
New Jersey
|
+$3.35M |
| 3 |
Morgan Stanley
New York
|
+$2.72M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$1.41M |
| 5 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$755K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TAM
Third Avenue Management
New York
|
-$7.88M |
| 2 |
SCM
Saba Capital Management
New York
|
-$2.49M |
| 3 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$1.12M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$503K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$375K |
HYI Hedge Fund Activity: Q4 2015 in Review
42 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in Western Asset High Yield Opportunity Fund Inc (HYI) for Q4 2015, worth a combined $109M — up 7.5% from $102M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new HYI positions and 5 closed out — a net gain of 4 holders — while 10 added to existing stakes and 12 trimmed.
The largest buyer was Private Management Group, opening a new position worth an estimated $11M. The largest seller was Third Avenue Management, exiting entirely with an estimated $7.88M sold.
- 42 institutional investors held Western Asset High Yield Opportunity Fund Inc (HYI) as of Q4 2015, up from 38 in Q3 2015.
- Funds reported $109M of Western Asset High Yield Opportunity Fund Inc stock for Q4 2015, up 7.5% quarter-over-quarter.
- 9 funds opened new Western Asset High Yield Opportunity Fund Inc positions in Q4 2015 and 5 closed out, a net change of +4 holders.
- The largest Western Asset High Yield Opportunity Fund Inc buyer in Q4 2015 was Private Management Group, an estimated $11M added.
- The largest Western Asset High Yield Opportunity Fund Inc seller in Q4 2015 was Third Avenue Management, an estimated $7.88M sold.
Based on aggregated 13F filings for Q4 2015.