Western Asset High Yield Opportunity Fund Inc
HYI
44 hedge funds and large institutions have $101M invested in Western Asset High Yield Opportunity Fund Inc in 2016 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 16 increasing their positions, 13 reducing their positions, and 4 closing their positions.
50% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 4
23% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 13
5% more funds holding
Funds holding: 42 → 44 (+2)
2.27% less ownership
Funds ownership: 34% → 31.72% (-2.3%)
8% less capital invested
Capital invested by funds: $109M → $101M (-$8.49M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State of New Jersey Common Pension Fund D
Trenton,
New Jersey
|
+$1.24M |
| 2 |
LCM
Laurion Capital Management
New York
|
+$929K |
| 3 |
Wells Fargo
San Francisco,
California
|
+$851K |
| 4 |
PMG
Private Management Group
Irvine,
California
|
+$781K |
| 5 |
Cohen & Steers
New York
|
+$489K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$9.05M |
| 2 |
Citigroup
New York
|
-$1.96M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$570K |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$570K |
| 5 |
Morgan Stanley
New York
|
-$543K |
HYI Hedge Fund Activity: Q1 2016 in Review
44 of the 3,767 institutional investors tracked by Wall St. Rank reported a position in Western Asset High Yield Opportunity Fund Inc (HYI) for Q1 2016, worth a combined $101M — down 7.8% from $109M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new HYI positions and 4 closed out — a net gain of 2 holders — while 16 added to existing stakes and 13 trimmed.
The largest buyer was State of New Jersey Common Pension Fund D, adding an estimated $1.24M. The largest seller was Saba Capital Management, cutting an estimated $9.05M.
- 44 institutional investors held Western Asset High Yield Opportunity Fund Inc (HYI) as of Q1 2016, up from 42 in Q4 2015.
- Funds reported $101M of Western Asset High Yield Opportunity Fund Inc stock for Q1 2016, down 7.8% quarter-over-quarter.
- 6 funds opened new Western Asset High Yield Opportunity Fund Inc positions in Q1 2016 and 4 closed out, a net change of +2 holders.
- The largest Western Asset High Yield Opportunity Fund Inc buyer in Q1 2016 was State of New Jersey Common Pension Fund D, an estimated $1.24M added.
- The largest Western Asset High Yield Opportunity Fund Inc seller in Q1 2016 was Saba Capital Management, an estimated $9.05M sold.
Based on aggregated 13F filings for Q1 2016.