Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Western Asset High Income Op (HIO)

113 + Investors. Track Smart Money conviction in HIO. See who's accumulating, reducing, or initiating positions.

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Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -7
Streak
1Q ▼
Buyers last Q
49%

Smart Money Signals — HIO

Based on 113 hedge funds · latest filing: 2026 Q2 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their HIO positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 94% of 3.0Y peak

94% of all-time peak
113 funds currently hold this stock — 94% of the 3.0-year high of 120 funds (reached 2026 Q1). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📶

Steady growth — +14% more funds vs a year ago

fund count last 6Q
+14 new funds entered over the past year (+14% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟠

More sellers than buyers — 49% buying

45 buying47 selling
Last quarter: 47 funds reduced or exited vs 45 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
⚠️

Fewer new buyers each quarter (-10 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 17 → 20 → 20 → 10. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

58% of holders stayed for 2+ years

58% conviction (2yr+) 29% medium 13% new
65 out of 113 hedge funds have held HIO for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
📊

Peak discovery — momentum slowing

16 → 17 → 20 → 20 → 10 new funds/Q
New funds entering each quarter: 17 → 20 → 20 → 10. HIO is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Veteran-anchored — 64% veterans vs 21% newcomers

64% veterans 15% 1-2yr 21% new
Entry-cohort mix of 113 holders: 72 (64%) are 2+ year veterans, 17 entered 1–2 years ago, and 24 (21%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 62% AUM from top-100 funds

62% from top-100 AUM funds
16 of 113 holders are among the 100 largest funds by AUM, controlling 62% of total institutional value in HIO. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.3
out of 10
Low Exit Risk
Exit risk score 3.3/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — HIO

In 2026 Q2, 45 hedge funds were net buyers of HIO (10 opened a new position, 35 added to an existing one), while 47 reduced or exited (30 trimmed, 17 sold completely) — a 49% buyer ratio, indicating roughly balanced activity. 62% of total institutional value in HIO is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -7 funds (more exits than new entries). Total institutional holders: 113.

Hedge Fund Ownership: HIO

How many hedge funds hold HIO — quarterly history vs. share price
Quarterly hedge fund ownership of HIO vs. share price

Market Analysis: HIO

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: HIO

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Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

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Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

3 top-rated funds 0 high-conviction
Consensus
2.6
/ 10
breadth
×
Elite
0.7
/ 10
conviction
Hedge Fund Positioning: HIO
113 + Investors

Track Smart Money conviction in HIO. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 113 120 -5.83%
13F Shares 33M 32M 2.5%
Total Value $101M $98M 3.01%
New Positions 10 20 -10
Increased Positions 35 43 -8
Closed Positions 17 14 +3
Reduced Positions 30 27 +3
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: HIO

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Institutional Holders (2026 Q2)

113 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in HIO. Verified SEC 13F-HR filings.

QUARTER:
Top 25 HIO holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Rareview Capital LLC 2.01% 903,653 $3.6M
2 Fca Corp /Tx 1.14% 1,276,114 $4.6M
3 Shaker Financial Services, LLC 0.73% 642,498 $2.3M
4 Kanen Wealth Management LLC 0.43% 490,454 $1.8M
5 Pathway Financial Advisers, LLC 0.26% 285,886 $1.0M
6 Melfa Wealth Management, INC. 0.15% 78,950 $287K
7 Absolute Investment Advisers, LLC 0.13% 372,457 $1.4M
8 Fortis Group Advisors, LLC 0.12% 206,291 $751K
9 Capital Investment Advisors, LLC 0.11% 2,329,618 $8.5M
10 Everstar Asset Management, LLC 0.09% 53,180 $194K
11 Corps Capital Advisors, LLC 0.07% 25,000 $91K
12 Wilson & Boucher Capital Management, LLC 0.07% 32,975 $120K
13 Accredited Investor Services, LLC 0.07% 32,142 $117K
14 Quarry LP 0.05% 175,126 $637K
15 Walled Lake Planning & Wealth Management, LLC 0.05% 50,985 $186K
16 Dudley Capital Management, LLC 0.05% 31,100 $113K
17 Kelleher Financial Advisors 0.04% 70,008 $255K
18 Logan Stone Capital, LLC 0.03% 43,421 $158K
19 Samalin Investment Counsel, LLC 0.03% 22,879 $83K
20 Chicago Partners Investment Group LLC 0.02% 333,688 $1.2M
21 NWF Advisory Services Inc. 0.02% 64,333 $234K
22 Nova Wealth Management, Inc. 0.02% 10,450 $38K
23 Uncommon Cents Investing LLC 0.02% 26,327 $96K
24 Cape Investment Advisory, Inc. 0.02% 18,300 $67K
25 Bay Colony Advisory Group, Inc d/b/a Bay Colony Advisors 0.02% 41,770 $152K
Investor Ownership
History
% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Western Asset High Income Op (HIO)

What does the Smart Money Trend signal show for HIO?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their HIO positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for HIO?

More sellers than buyers — 49% buying: Last quarter: 47 funds reduced or exited vs 45 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for HIO holders?

Elite ownership — 62% AUM from top-100 funds: 16 of 113 holders are among the 100 largest funds by AUM, controlling 62% of total institutional value in HIO. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held HIO?

58% of holders stayed for 2+ years: 65 out of 113 hedge funds have held HIO for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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