Western Asset High Yield Opportunity Fund Inc
HYI
41 hedge funds and large institutions have $114M invested in Western Asset High Yield Opportunity Fund Inc in 2015 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 16 increasing their positions, 13 reducing their positions, and 13 closing their positions.
23% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 13
2.66% less ownership
Funds ownership: 33.16% → 30.51% (-2.7%)
5% less capital invested
Capital invested by funds: $120M → $114M (-$6.06M)
16% less funds holding
Funds holding: 49 → 41 (-8)
54% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 13
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
YMRC
Yorktown Management & Research Company
Forest,
Virginia
|
+$3.27M |
| 2 |
Citigroup
New York
|
+$2.09M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$1.97M |
| 4 |
Morgan Stanley
New York
|
+$1.62M |
| 5 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$1.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$5.1M |
| 2 |
PAM
PT Asset Management
Chicago,
Illinois
|
-$4.47M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$2.11M |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$2M |
| 5 |
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
|
-$1.84M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TC
51
TradeLink Capital
Chicago,
Illinois
| – | -$98K | -6,200 | Closed |
|
52
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$13K | -831 | Closed |
|
|
BRWA
53
B. Riley Wealth Advisors
Boca Raton,
Florida
| – | -$9 | -590 | Closed |
|
|
MAA
54
Managed Account Advisors
Jersey City,
New Jersey
| – | -$685 | -43 | -93% |
|
HYI Hedge Fund Activity: Q1 2015 in Review
41 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Western Asset High Yield Opportunity Fund Inc (HYI) for Q1 2015, worth a combined $114M — down 5.1% from $120M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of HYI and 6 opened new positions — a net loss of 7 holders — while 13 trimmed existing stakes and 16 added.
The largest buyer was Yorktown Management & Research Company, opening a new position worth an estimated $3.27M. The largest seller was Saba Capital Management, cutting an estimated $5.1M.
- 41 institutional investors held Western Asset High Yield Opportunity Fund Inc (HYI) as of Q1 2015, down from 49 in Q4 2014.
- Funds reported $114M of Western Asset High Yield Opportunity Fund Inc stock for Q1 2015, down 5.1% quarter-over-quarter.
- 6 funds opened new Western Asset High Yield Opportunity Fund Inc positions in Q1 2015 and 13 closed out, a net change of -7 holders.
- The largest Western Asset High Yield Opportunity Fund Inc buyer in Q1 2015 was Yorktown Management & Research Company, an estimated $3.27M added.
- The largest Western Asset High Yield Opportunity Fund Inc seller in Q1 2015 was Saba Capital Management, an estimated $5.1M sold.
Based on aggregated 13F filings for Q1 2015.