Western Asset High Yield Opportunity Fund Inc
HYI
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.
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: 30 → 38 (+8)
4.15% more ownership
Funds ownership: 15.26% → 19.4% (+4.1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$5M |
| 2 |
TAM
Third Avenue Management
New York
|
+$3.32M |
| 3 |
PRCM
Pine River Capital Management
Minnetonka,
Minnesota
|
+$2.32M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.95M |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.83M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$1.75M |
| 2 |
FAAS
First Allied Advisory Services
San Diego,
California
|
-$327K |
| 3 |
RFC
Regions Financial Corp
Birmingham,
Alabama
|
-$197K |
| 4 |
TRCT
Tower Research Capital (TRC)
New York
|
-$191K |
| 5 |
Nomura Holdings
Tokyo,
Japan
|
-$71K |
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.