Western Asset High Yield Opportunity Fund Inc
HYI
50 hedge funds and large institutions have $105M invested in Western Asset High Yield Opportunity Fund Inc in 2018 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 14 increasing their positions, 19 reducing their positions, and 12 closing their positions.
1.13% more ownership
Funds ownership: 30.56% → 31.69% (+1.1%)
0% more capital invested
Capital invested by funds: $105M → $105M (+$123K)
11% less funds holding
Funds holding: 56 → 50 (-6)
26% less repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 19
50% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$4.49M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$1.61M |
| 3 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
+$1.24M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.14M |
| 5 |
Millennium Management
New York
|
+$972K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$1.13M |
| 2 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$1.1M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$813K |
| 4 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$632K |
| 5 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$579K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TC
51
Telemus Capital
Southfield,
Michigan
| – | -$405K | -26,800 | Closed |
|
|
OFG
52
OTA Financial Group
Purchase,
New York
| – | -$399K | -26,434 | Closed |
|
|
CAN
53
Cetera Advisor Networks
El Segundo,
California
| – | -$306K | -20,140 | Closed |
|
|
TSS
54
Two Sigma Securities
New York
| – | -$226K | -14,946 | Closed |
|
55
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$213K | -14,094 | Closed |
|
56
Squarepoint
New York
| – | -$160K | -10,589 | Closed |
|
|
SFS
57
Shaker Financial Services
Arlington,
Virginia
| – | -$154K | -10,179 | Closed |
|
|
WAM
58
Wolverine Asset Management
Chicago,
Illinois
| – | -$68K | -4,508 | Closed |
|
|
RFC
59
Regions Financial Corp
Birmingham,
Alabama
| – | -$44K | -2,910 | Closed |
|
|
NCM
60
Nelson Capital Management
Menlo Park,
California
| – | -$10K | -658 | Closed |
|
|
CA
61
Calton & Associates
Tampa,
Florida
| – | -$5K | -369 | Closed |
|
HYI Hedge Fund Activity: Q1 2018 in Review
50 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in Western Asset High Yield Opportunity Fund Inc (HYI) for Q1 2018, worth a combined $105M — up 0.12% from $105M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of HYI and 6 opened new positions — a net loss of 6 holders — while 19 trimmed existing stakes and 14 added.
The largest buyer was Saba Capital Management, adding an estimated $4.49M. The largest seller was Robinson Capital Management, exiting entirely with an estimated $1.13M sold.
- 50 institutional investors held Western Asset High Yield Opportunity Fund Inc (HYI) as of Q1 2018, down from 56 in Q4 2017.
- Funds reported $105M of Western Asset High Yield Opportunity Fund Inc stock for Q1 2018, up 0.12% quarter-over-quarter.
- 6 funds opened new Western Asset High Yield Opportunity Fund Inc positions in Q1 2018 and 12 closed out, a net change of -6 holders.
- The largest Western Asset High Yield Opportunity Fund Inc buyer in Q1 2018 was Saba Capital Management, an estimated $4.49M added.
- The largest Western Asset High Yield Opportunity Fund Inc seller in Q1 2018 was Robinson Capital Management, an estimated $1.13M sold.
Based on aggregated 13F filings for Q1 2018.