KKR Income Opportunities Fund
KIO
29 hedge funds and large institutions have $46.5M invested in KKR Income Opportunities Fund in 2016 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 16 increasing their positions, 7 reducing their positions, and 4 closing their positions.
129% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 7
13% more capital invested
Capital invested by funds: $41.1M → $46.5M (+$5.41M)
1.18% more ownership
Funds ownership: 17.87% → 19.05% (+1.2%)
6% less funds holding
Funds holding: 31 → 29 (-2)
25% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$838K |
| 2 |
Invesco
Atlanta,
Georgia
|
+$757K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$700K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$628K |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$611K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.57M |
| 2 |
William Blair & Company
Chicago,
Illinois
|
-$211K |
| 3 |
PAM
Peak Asset Management
Louisville,
Colorado
|
-$197K |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$184K |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
-$158K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AG
26
Advisor Group
Phoenix,
Arizona
| $16K | – | – | – |
|
|
PCM
27
Penserra Capital Management
Orinda,
California
| $2K | +$362 | +23 | +14% |
|
|
28
William Blair & Company
Chicago,
Illinois
| – | -$211K | -14,000 | Closed |
|
|
PAM
29
Peak Asset Management
Louisville,
Colorado
| – | -$197K | -13,080 | Closed |
|
|
RJA
30
Raymond James & Associates
St Petersburg,
Florida
| – | -$184K | -12,211 | Closed |
|
|
SCM
31
Southport Capital Management
Chattanooga,
Tennessee
| – | -$8K | -550 | Closed |
|
32
Creative Planning
Overland Park,
Kansas
| – | +$157 | +10 | New |
|
|
CHP
33
Cable Hill Partners
Portland,
Oregon
| – | +$394 | +25 | New |
|
KIO Hedge Fund Activity: Q3 2016 in Review
29 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in KKR Income Opportunities Fund (KIO) for Q3 2016, worth a combined $46.5M — up 13% from $41.1M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of KIO and 3 opened new positions — a net loss of 1 holder — while 7 trimmed existing stakes and 16 added.
The largest buyer was Morgan Stanley, adding an estimated $838K. The largest seller was Rivernorth Capital Management, cutting an estimated $1.57M.
- 29 institutional investors held KKR Income Opportunities Fund (KIO) as of Q3 2016, down from 31 in Q2 2016.
- Funds reported $46.5M of KKR Income Opportunities Fund stock for Q3 2016, up 13% quarter-over-quarter.
- 3 funds opened new KKR Income Opportunities Fund positions in Q3 2016 and 4 closed out, a net change of -1 holder.
- The largest KKR Income Opportunities Fund buyer in Q3 2016 was Morgan Stanley, an estimated $838K added.
- The largest KKR Income Opportunities Fund seller in Q3 2016 was Rivernorth Capital Management, an estimated $1.57M sold.
Based on aggregated 13F filings for Q3 2016.