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HYI

Western Asset High Yield Opportunity Fund Inc

38 hedge funds and large institutions have $78.3M invested in Western Asset High Yield Opportunity Fund Inc in 2013 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 14 increasing their positions, 7 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 4

100% more repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 7

28% more capital invested

Capital invested by funds: $61M → $78.3M (+$17.2M)

27% more funds holding

Funds holding: 3038 (+8)

4.15% more ownership

Funds ownership: 15.26%19.4% (+4.1%)

Holders
38
Holders Change
+8
Holders Change %
+26.67%
% of All Funds
1.1%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
12
Increased
14
Reduced
7
Closed
4
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
GC
1
Guggenheim Capital
Illinois
$17.2M +$1.83M +103,118 +12%
SCM
2
Saba Capital Management
New York
$8.52M +$5M +281,969 +142%
Invesco
3
Invesco
Georgia
$7.45M +$1.63M +91,793 +28%
Morgan Stanley
4
Morgan Stanley
New York
$6.33M -$1.75M -98,494 -22%
PRCM
5
Pine River Capital Management
Minnesota
$6.1M +$2.32M +130,875 +61%
AAM
6
Advisors Asset Management
Colorado
$5.01M +$33.7K +1,903 +0.7%
Cohen & Steers
7
Cohen & Steers
New York
$4.69M +$38.8K +2,190 +0.8%
Bank of America
8
Bank of America
North Carolina
$4.6M +$2.22K +125 +0%
TAM
9
Third Avenue Management
New York
$3.83M +$3.32M +187,405 +648%
U
10
UBS
Switzerland
$2.12M +$623K +35,144 +41%
Grantham, Mayo, Van Otterloo & Co (GMO)
11
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
$2.07M
Wells Fargo
12
Wells Fargo
California
$2.02M +$156K +8,810 +8%
RCM
13
Rivernorth Capital Management
Florida
$1.95M +$1.95M +109,964 New
CAN
14
Cetera Advisor Networks
California
$1.01M +$1.01M +56,885 New
SFS
15
Shaker Financial Services
Virginia
$695K +$696K +39,261 New
SI
16
SII Investments
Wisconsin
$576K +$3.83K +216 +0.7%
PP
17
Paloma Partners
Connecticut
$550K +$550K +31,046 New
Commonwealth Equity Services
18
Commonwealth Equity Services
Massachusetts
$472K +$28.2K +1,591 +6%
LCM
19
Landscape Capital Management
New Jersey
$388K +$389K +21,929 New
COLIM
20
City of London Investment Management
United Kingdom
$379K
KFC
21
Klingenstein Fields & Co
New York
$373K
Ameriprise
22
Ameriprise
Minnesota
$307K +$75.5K +4,257 +33%
TJHA
23
Thomas J. Herzfeld Advisors
Florida
$277K
MWM
24
Merriman Wealth Management
Washington
$219K +$219K +12,340 New
VKH
25
Virtu KCG Holdings
New York
$200K +$200K +11,295 New

HYI Hedge Fund Activity: Q4 2013 in Review

38 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Western Asset High Yield Opportunity Fund Inc (HYI) for Q4 2013, worth a combined $78.3M — up 28% from $61M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new HYI positions and 4 closed out — a net gain of 8 holders — while 14 added to existing stakes and 7 trimmed.

The largest buyer was Saba Capital Management, adding an estimated $5M. The largest seller was Morgan Stanley, cutting an estimated $1.75M.

  • 38 institutional investors held Western Asset High Yield Opportunity Fund Inc (HYI) as of Q4 2013, up from 30 in Q3 2013.
  • Funds reported $78.3M of Western Asset High Yield Opportunity Fund Inc stock for Q4 2013, up 28% quarter-over-quarter.
  • 12 funds opened new Western Asset High Yield Opportunity Fund Inc positions in Q4 2013 and 4 closed out, a net change of +8 holders.
  • The largest Western Asset High Yield Opportunity Fund Inc buyer in Q4 2013 was Saba Capital Management, an estimated $5M added.
  • The largest Western Asset High Yield Opportunity Fund Inc seller in Q4 2013 was Morgan Stanley, an estimated $1.75M sold.

Based on aggregated 13F filings for Q4 2013.