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HYI

Western Asset High Yield Opportunity Fund Inc
HYI

38 hedge funds and large institutions have $102M invested in Western Asset High Yield Opportunity Fund Inc in 2015 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 14 increasing their positions, 9 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

56% more repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 9

20% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 5

3% more funds holding

Funds holding: 37 → 38 (+1)

1.27% more ownership

Funds ownership: 30.59% → 31.85% (+1.3%)

5% less capital invested

Capital invested by funds: $107M → $102M (-$5.77M)

Holders
38
Holders Change
+1
Holders Change %
+2.7%
% of All Funds
1.06%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
14
Reduced
9
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$4.26M
2
LPL Financial
LPL Financial
California
+$897K
3
SCM
Saba Capital Management
New York
+$618K
4
SI
SII Investments
Wisconsin
+$591K
5
AA
AQR Arbitrage
Connecticut
+$551K

Top Sellers

Rank Fund Capital Flow
1
UCFA
United Capital Financial Advisors
Texas
-$1.47M
2
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$1.39M
3
GC
Guggenheim Capital
Illinois
-$1.28M
4
Bank of America
Bank of America
North Carolina
-$951K
5
AAM
Advisors Asset Management
Colorado
-$385K
Name Holding Trade Value Shares
Change 		Change in
Stake
SCM
1
Saba Capital Management
New York
$19M +$618K +42,096 +3%
Morgan Stanley
2
Morgan Stanley
New York
$13M +$4.26M +290,579 +46%
RCM
3
Rivernorth Capital Management
Florida
$9.56M +$264K +18,000 +3%
Wells Fargo
4
Wells Fargo
California
$8.18M +$503K +34,272 +6%
TAM
5
Third Avenue Management
New York
$7.88M +$180K +12,272 +2%
Invesco
6
Invesco
Georgia
$6.04M +$26K +1,771 +0.4%
PRCM
7
Pine River Capital Management
Minnesota
$5.24M – – –
GC
8
Guggenheim Capital
Illinois
$3.87M -$1.28M -87,461 -24%
Bank of America
9
Bank of America
North Carolina
$3.82M -$951K -64,837 -19%
YMRC
10
Yorktown Management & Research Company
Virginia
$3.01M – – –
Citigroup
11
Citigroup
New York
$2.17M -$24.7K -1,685 -1%
LPL Financial
12
LPL Financial
California
$2.17M +$897K +61,159 +64%
CC
13
Carlson Capital
Texas
$2.15M – – –
LCM
14
Landscape Capital Management
New Jersey
$2.08M +$512K +34,884 +31%
UBS Group
15
UBS Group
Switzerland
$1.77M -$32.6K -2,224 -2%
PPA
16
Parametric Portfolio Associates
Washington
$1.68M +$12K +821 +0.7%
CS
17
Credit Suisse
Switzerland
$1.65M -$1.38K -94 -0.1%
COLIM
18
City of London Investment Management
United Kingdom
$1.19M +$273K +18,608 +28%
Cohen & Steers
19
Cohen & Steers
New York
$1.18M – – –
SI
20
SII Investments
Wisconsin
$1.09M +$591K +40,268 +106%
LTFS
21
Ladenburg Thalmann Financial Services
Florida
$785K +$357K +24,313 +77%
AAM
22
Advisors Asset Management
Colorado
$679K -$385K -26,276 -35%
AA
23
AQR Arbitrage
Connecticut
$525K +$551K +37,532 New
CHAM
24
Clear Harbor Asset Management
Connecticut
$514K +$539K +36,743 New
Royal Bank of Canada
25
Royal Bank of Canada
Ontario, Canada
$367K +$53.1K +3,622 +16%
1
2

HYI Hedge Fund Activity: Q3 2015 in Review

38 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Western Asset High Yield Opportunity Fund Inc (HYI) for Q3 2015, worth a combined $102M — down 5.4% from $107M a quarter earlier.

Buyers outnumbered sellers: 6 funds opened new HYI positions and 5 closed out — a net gain of 1 holder — while 14 added to existing stakes and 9 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $4.26M. The largest seller was United Capital Financial Advisors, exiting entirely with an estimated $1.47M sold.

  • 38 institutional investors held Western Asset High Yield Opportunity Fund Inc (HYI) as of Q3 2015, up from 37 in Q2 2015.
  • Funds reported $102M of Western Asset High Yield Opportunity Fund Inc stock for Q3 2015, down 5.4% quarter-over-quarter.
  • 6 funds opened new Western Asset High Yield Opportunity Fund Inc positions in Q3 2015 and 5 closed out, a net change of +1 holder.
  • The largest Western Asset High Yield Opportunity Fund Inc buyer in Q3 2015 was Morgan Stanley, an estimated $4.26M added.
  • The largest Western Asset High Yield Opportunity Fund Inc seller in Q3 2015 was United Capital Financial Advisors, an estimated $1.47M sold.

Based on aggregated 13F filings for Q3 2015.