Western Asset High Income Opportunity Fund

HIO • XNYS

Western Asset High Income Opportunity Fund is a publicly traded company on XNYS. As of Q3 2025, 90 institutional investors hold shares in this company, with total holdings valued at $90.3M. MORGAN STANLEY is the largest holder with a position valued at $35.8M.

Overview

Overview of institutional ownership in HIO as of Q3 2025

All Institutions

Institutions: 90
Value Held: $90.3M
Shares Held: 23.5M
Avg Position: $1.0M
Median Position: $121.8K

Hedge Funds

Hedge Funds: 5
Value Held: $1.7M
Shares Held: 437.4K
Avg Position: $335.9K
Median Position: $204.2K

Biggest Investors

Institutions with the largest positions in HIO as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$35.8M 0.00% of portfolio	0.00% 9.3M shares	Q4 2022 Held for 2y 11m	$1.65T
Capital Investment Advisors, LLC RIA/Wealth	Robert Lawrence Sanders President	$12.0M 0.20% of portfolio	0.00% 3.1M shares	Q1 2023 Held for 2y 8m	$6.1B
FCA CORP /TX RIA/Wealth	Robert Warner Scharar CEO	$4.6M 1.29% of portfolio	0.00% 1.2M shares	Q1 2025 Held for 8 months	$353.4M
Invesco Ltd. ETF Provider	Brian Christopher Hartigan CEO	$3.9M 0.00% of portfolio	0.00% 1.0M shares	Q4 2022 Held for 2y 11m	$633.08B
UBS Group AG Institution	Sergio P. Ermotti CEO	$2.9M 0.00% of portfolio	0.00% 753.2K shares	Q4 2022 Held for 2y 11m	$511.54B
RAYMOND JAMES FINANCIAL INC RIA/Wealth	Steven Robert Marcus CEO	$2.7M 0.00% of portfolio	0.00% 707.8K shares	Q4 2024 Held for 11 months	$310.43B
Kanen Wealth Management LLC RIA/Wealth	David Lawrence Kanen Member	$2.7M 0.89% of portfolio	0.00% 697.0K shares	Q1 2025 Held for 8 months	$299.1M
WELLS FARGO & COMPANY/MN Institution	Charles W. Scharf CEO	$2.6M 0.00% of portfolio	0.00% 684.2K shares	Q4 2022 Held for 2y 11m	$488.50B
F Fiera Capital Corp Institution	-	$1.9M 0.01% of portfolio	0.00% 482.3K shares	Q4 2022 Held for 2y 11m	$30.9B
Chicago Partners Investment Group LLC RIA/Wealth	Anthony Joseph Halpin Founder	$1.5M 0.04% of portfolio	0.00% 394.4K shares	Q4 2022 Held for 2y 11m	$3.8B

Net Capital Flow

Institutional buying and selling activity for HIO in Q3 2025

Traded: +$5.8M
Buyers: 55
Sellers: 27
Total Bought: +$8.6M
Total Sold: −$2.7M
Avg Position: $902.7K

Biggest Buyers

Institution	Net Bought	Current Position
MORGAN STANLEY RIA/Wealth	+$1.5M +397.4K shares	$35.8M 9.3M shares
Kanen Wealth Management LLC RIA/Wealth	+$1.2M +304.1K shares	$2.7M 697.0K shares
UBS Group AG Institution	+$1.1M +281.6K shares	$2.9M 753.2K shares
WOLVERINE ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$1.0M +265.4K shares	$1.0M 265.4K shares
PIN OAK INVESTMENT ADVISORS INC RIA/Wealth	+$901.6K +300.0 shares	$901.6K 232.6K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	+$403.9K +105.2K shares	$403.9K 105.2K shares
R READYSTATE ASSET MANAGEMENT LP Hedge Fund•Multi-Strategy	+$359.1K +93.5K shares	$359.1K 93.5K shares
J JONES FINANCIAL COMPANIES LLLP Institution	+$234.7K +61.4K shares	$1.2M 319.7K shares
J JANE STREET GROUP, LLC Institution	+$199.2K +51.9K shares	$353.8K 92.1K shares
L LPL Financial LLC Institution	+$133.7K +34.8K shares	$1.1M 279.3K shares

Biggest Sellers

Institution	Net Sold	Current Position
Capital Investment Advisors, LLC RIA/Wealth	−$944.9K −246.1K shares	$12.0M 3.1M shares
RFG Advisory Group, LLC RIA/Wealth	−$661.9K −172.4K shares	$1.2M 309.6K shares
Evanson Asset Management, LLC RIA/Wealth	−$242.8K −61.0K shares	Sold Off 0 shares
Wall Street Access Asset Management, LLC RIA/Wealth	−$124.8K −31.4K shares	Sold Off 0 shares
Venture Visionary Partners LLC RIA/Wealth	−$108.2K −27.2K shares	Sold Off 0 shares
Geneos Wealth Management Inc. RIA/Wealth	−$92.3K −23.2K shares	Sold Off 0 shares
FIRST TRUST ADVISORS LP ETF Provider	−$91.2K −23.7K shares	$963.6K 250.9K shares
BANK OF AMERICA CORP /DE/ Institution	−$87.3K −22.7K shares	$1.5M 389.3K shares
Q QTR Family Wealth, LLC RIA/Wealth	−$73.6K −18.5K shares	Sold Off 0 shares
Hartland & Co., LLC RIA/Wealth	−$60.9K −15.9K shares	$198.5K 51.7K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited HIO in Q3 2025

New Positions: 11
New Value: $1.7M
Exited Positions: 9
Exited Value: $739.5K

New Positions

Institution	Position Value
PIN OAK INVESTMENT ADVISORS INC RIA/Wealth	$901.6K 232.6K shares
R READYSTATE ASSET MANAGEMENT LP Hedge Fund•Multi-Strategy	$359.1K 93.5K shares
MML INVESTORS SERVICES, LLC RIA/Wealth	$108.5K 28.3K shares
H High Net Worth Advisory Group LLC Institution	$85.8K 22.4K shares
W WILEY BROS.-AINTREE CAPITAL, LLC Institution	$74.5K 19.4K shares
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$50.1K 13.1K shares
Mach-1 Financial Group, Inc. RIA/Wealth	$49.9K 13.0K shares
Integrity Advisory Solutions, LLC RIA/Wealth	$49.9K 13.0K shares
Mountain Hill Investment Partners Corp. RIA/Wealth	$15.4K 4.0K shares
SRS Capital Advisors, Inc. RIA/Wealth	$10.1K 2.6K shares

Exited Positions

Institution	Previous Position
Evanson Asset Management, LLC RIA/Wealth	$242.8K 61.0K shares
Wall Street Access Asset Management, LLC RIA/Wealth	$124.8K 31.4K shares
Venture Visionary Partners LLC RIA/Wealth	$108.2K 27.2K shares
Geneos Wealth Management Inc. RIA/Wealth	$92.3K 23.2K shares
Q QTR Family Wealth, LLC RIA/Wealth	$73.6K 18.5K shares
Harbour Capital Advisors, LLC Family Office	$52.3K 13.0K shares
HORIZON KINETICS ASSET MANAGEMENT LLC Long Only Manager	$40.1K 10.1K shares
Annis Gardner Whiting Capital Advisors, LLC RIA/Wealth	$4.4K 1.1K shares
CWM, LLC RIA/Wealth	$1.0K 201.0 shares

Options Activity

Institutions with the largest Call and Put options positions in HIO as of Q3 2025

Call Positions: 0
Call Value: -
Put Positions: 0
Put Value: -

Call Positions

Institution	Position Value
No call positions found

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

Institutions with HIO as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
FCA CORP /TX RIA/Wealth	Robert Warner Scharar CEO	1.29% $4.6M	0.00% 1.2M shares	Q1 2025 Held for 8 months	$353.4M
Kanen Wealth Management LLC RIA/Wealth	David Lawrence Kanen Member	0.89% $2.7M	0.00% 697.0K shares	Q1 2025 Held for 8 months	$299.1M
PIN OAK INVESTMENT ADVISORS INC RIA/Wealth	James Barrett Rouse President	0.64% $901.6K	0.00% 232.6K shares	Q3 2025 Held for 2 months	$139.8M
P Pathway Financial Advisers, LLC RIA/Wealth	Steven Eric Post CIO	0.31% $1.0M	0.00% 272.3K shares	Q3 2023 Held for 2y 2m	$342.2M
Shaker Financial Services, LLC RIA/Wealth	Kathryn Shaker Baummer Partner	0.28% $817.4K	0.00% 210.9K shares	Q3 2024 Held for 1y 2m	$291.6M
Capital Investment Advisors, LLC RIA/Wealth	Robert Lawrence Sanders President	0.20% $12.0M	0.00% 3.1M shares	Q1 2023 Held for 2y 8m	$6.1B
Wela Strategies, LLC RIA/Wealth	Matthew Ross Reiner CEO	0.18% $487.7K	0.00% 127.0K shares	Q1 2023 Held for 2y 8m	$263.7M
MELFA WEALTH MANAGEMENT, LLC RIA/Wealth	Christopher L Wayne CEO	0.18% $303.2K	0.00% 79.0K shares	Q2 2023 Held for 2y 5m	$169.9M
Fortis Group Advisors, LLC RIA/Wealth	Sanjiv Kumar Founder	0.14% $832.4K	0.00% 215.7K shares	Q1 2024 Held for 1y 8m	$578.9M
Everstar Asset Management, LLC Hedge Fund•Multi-Strategy	Lee Christopher Larson CEO	0.12% $204.2K	0.00% 53.2K shares	Q3 2024 Held for 1y 2m	$176.3M

Hedge Fund Spotlight

Discover hedge funds investing in HIO

Everstar Asset Management, LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerLee Christopher Larson

Portfolio Value: $176.3M
Positions: 189
Last Reported: Q3 2025

Sector Allocation

Position in Western Asset High Income Opportunity Fund

Market Value: $204.2K
Shares Held: 53.2K
Portfolio Weight: 0.12%
Owned Since: 2024-Q3

Top Holding	Sector	Market Value	Weight
1 SPDR Bloomberg 1-3 Month T-Bill ETF BIL	ETF ETF	$9.9M	5.59%
2 iShares 1-3 Year Treasury Bond SHY	ETF ETF	$8.7M	4.96%
3 iShares 3-7 Year Treasury Bond IEI	ETF ETF	$7.9M	4.49%