KKR Income Opportunities Fund
KIO
24 hedge funds and large institutions have $37.4M invested in KKR Income Opportunities Fund in 2015 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 10 increasing their positions, 4 reducing their positions, and 9 closing their positions.
150% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 4
1.45% less ownership
Funds ownership: 16.36% → 14.91% (-1.5%)
7% less capital invested
Capital invested by funds: $40.3M → $37.4M (-$2.92M)
11% less funds holding
Funds holding: 27 → 24 (-3)
33% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
YMRC
Yorktown Management & Research Company
Forest,
Virginia
|
+$1M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$674K |
| 3 |
CIA
Capital Investment Advisors
Atlanta,
Georgia
|
+$599K |
| 4 |
TSS
Two Sigma Securities
New York
|
+$202K |
| 5 |
SCA
STALEY CAPITAL ADVISERS
Pittsburgh,
Pennsylvania
|
+$186K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
-$1.98M |
| 2 |
Stifel Financial
St. Louis,
Missouri
|
-$1.22M |
| 3 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$877K |
| 4 |
Morgan Stanley
New York
|
-$857K |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$371K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MIG
26
Mariner Investment Group
Harrison,
New York
| – | -$877K | -54,191 | Closed |
|
|
RCM
27
Rivernorth Capital Management
West Palm Beach,
Florida
| – | -$371K | -22,905 | Closed |
|
|
VKH
28
Virtu KCG Holdings
New York
| – | -$328K | -20,294 | Closed |
|
|
DWA
29
Douglass Winthrop Advisors
New York
| – | -$216K | -13,350 | Closed |
|
30
LPL Financial
San Diego,
California
| – | -$207K | -12,800 | Closed |
|
|
FCCM
31
First City Capital Management
Savannah,
Georgia
| – | -$106K | -6,550 | Closed |
|
|
WAM
32
Wolverine Asset Management
Chicago,
Illinois
| – | -$92K | -5,688 | Closed |
|
|
BRWA
33
B. Riley Wealth Advisors
Boca Raton,
Florida
| – | -$22 | -1,350 | Closed |
|
KIO Hedge Fund Activity: Q1 2015 in Review
24 of the 3,752 institutional investors tracked by Wall St. Rank reported a position in KKR Income Opportunities Fund (KIO) for Q1 2015, worth a combined $37.4M — down 7.2% from $40.3M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of KIO and 6 opened new positions — a net loss of 3 holders — while 4 trimmed existing stakes and 10 added.
The largest buyer was Yorktown Management & Research Company, opening a new position worth an estimated $1M. The largest seller was Laurion Capital Management, exiting entirely with an estimated $1.98M sold.
- 24 institutional investors held KKR Income Opportunities Fund (KIO) as of Q1 2015, down from 27 in Q4 2014.
- Funds reported $37.4M of KKR Income Opportunities Fund stock for Q1 2015, down 7.2% quarter-over-quarter.
- 6 funds opened new KKR Income Opportunities Fund positions in Q1 2015 and 9 closed out, a net change of -3 holders.
- The largest KKR Income Opportunities Fund buyer in Q1 2015 was Yorktown Management & Research Company, an estimated $1M added.
- The largest KKR Income Opportunities Fund seller in Q1 2015 was Laurion Capital Management, an estimated $1.98M sold.
Based on aggregated 13F filings for Q1 2015.