Western Asset High Yield Opportunity Fund Inc
HYI
52 hedge funds and large institutions have $103M invested in Western Asset High Yield Opportunity Fund Inc in 2018 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 17 increasing their positions, 13 reducing their positions, and 6 closing their positions.
31% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 13
17% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 6
2% more funds holding
Funds holding: 51 → 52 (+1)
0.56% less ownership
Funds ownership: 31.61% → 31.05% (-0.56%)
2% less capital invested
Capital invested by funds: $105M → $103M (-$2.16M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$1.1M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$517K |
| 3 |
UCI
Uncommon Cents Investing
Janesville,
Wisconsin
|
+$326K |
| 4 |
CIA
Capital Investment Advisors
Atlanta,
Georgia
|
+$314K |
| 5 |
Morgan Stanley
New York
|
+$262K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$3.12M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$563K |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$369K |
| 4 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$360K |
| 5 |
CHAM
Clear Harbor Asset Management
Stamford,
Connecticut
|
-$340K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| $2K | +$1.59K | +110 | New |
|
|
FIA
52
FNY Investment Advisers
New York
| $1K | – | – | – |
|
|
SFS
53
Shaker Financial Services
Arlington,
Virginia
| – | -$369K | -25,313 | Closed |
|
|
CHAM
54
Clear Harbor Asset Management
Stamford,
Connecticut
| – | -$340K | -23,323 | Closed |
|
55
Envestnet Asset Management
Chicago,
Illinois
| – | -$5K | -341 | Closed |
|
|
CF
56
Centaurus Financial
Anaheim,
California
| – | -$4K | -300 | Closed |
|
|
CAC
57
Certified Advisory Corp
Altamonte Springs,
Florida
| – | -$3.44K | -238 | Closed |
|
58
SEI Investments
Oaks,
Pennsylvania
| – | -$2K | -156 | Closed |
|
HYI Hedge Fund Activity: Q3 2018 in Review
52 of the 4,375 institutional investors tracked by Wall St. Rank reported a position in Western Asset High Yield Opportunity Fund Inc (HYI) for Q3 2018, worth a combined $103M — down 2.1% from $105M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new HYI positions and 6 closed out — a net gain of 1 holder — while 17 added to existing stakes and 13 trimmed.
The largest buyer was Parametric Portfolio Associates, adding an estimated $1.1M. The largest seller was Saba Capital Management, cutting an estimated $3.12M.
- 52 institutional investors held Western Asset High Yield Opportunity Fund Inc (HYI) as of Q3 2018, up from 51 in Q2 2018.
- Funds reported $103M of Western Asset High Yield Opportunity Fund Inc stock for Q3 2018, down 2.1% quarter-over-quarter.
- 7 funds opened new Western Asset High Yield Opportunity Fund Inc positions in Q3 2018 and 6 closed out, a net change of +1 holder.
- The largest Western Asset High Yield Opportunity Fund Inc buyer in Q3 2018 was Parametric Portfolio Associates, an estimated $1.1M added.
- The largest Western Asset High Yield Opportunity Fund Inc seller in Q3 2018 was Saba Capital Management, an estimated $3.12M sold.
Based on aggregated 13F filings for Q3 2018.