Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

WESTERN ASSET HIGH INCOME OP (HIO)

110 + 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
↑ +10
Streak
3Q ▲
Buyers last Q
57%

Smart Money Signals — HIO

Based on 113 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 3 quarters in a row

last 6Q
For 3 consecutive quarters, more hedge funds added HIO than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
113 hedge funds hold HIO right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
📶

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.
🟡

Slight buying edge — 57% buying

53 buying40 selling
Last quarter: 53 funds bought or added vs 40 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
➡️

Steady new buyers — ~19 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 15 → 16 → 17 → 19. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

50% of holders stayed for 2+ years

50% conviction (2yr+) 25% medium 25% new
57 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.
💰

Value +1155% but shares only +9% — price-driven

Value
+1155%
Shares
+8%
Last quarter: the total dollar value of institutional holdings rose +1155%, but actual share count only changed +9%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.
📈

Growing discovery — still being found

18 → 15 → 16 → 17 → 19 new funds/Q
New funds entering each quarter: 15 → 16 → 17 → 19. A growing number of institutions are discovering HIO each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Deep conviction — 57% of holders stayed 2+ years

57% veterans 11% 1-2yr 33% new
Of 113 current holders: 64 (57%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
📋

Smaller funds dominant — 4% AUM from top-100

4% from top-100 AUM funds
13 of 113 holders rank in the top 100 by AUM, but together hold only 4% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
3.8
out of 10
Low Exit Risk
Exit risk score 3.8/10 — 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 2025 Q4, 53 hedge funds were net buyers of HIO (19 opened a new position, 34 added to an existing one), while 40 reduced or exited (31 trimmed, 9 sold completely) — a 57% buyer ratio, indicating a slight buying edge. This marks 3 consecutive quarters of net institutional buying — a persistent conviction signal. Net fund flow last quarter: +10 funds (more new holders than closures). 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.

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

11 top-rated funds 0 high-conviction
Consensus
4.7
/ 10
breadth
×
Elite
0.6
/ 10
conviction
Hedge Fund Positioning: HIO
2026 Q1 Stats Unlock in 4 days 110 + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 110 100 10.0%
13F Shares 30M 28M 8.53%
Total Value $1.34B $106M 1155.6%
New Positions 19 16 +3
Increased Positions 33 43 -10
Closed Positions 9 13 -4
Reduced Positions 30 21 +9
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 Q1)

110 + 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 institutional holders of HIO — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Rareview Capital LLC 1.61% 691,641 $2.8M
2 FCA CORP /TX 1.24% 1,206,739 $4.4M
3 Shaker Financial Services, LLC 0.65% 512,974 $1.9M
4 PIN OAK INVESTMENT ADVISORS INC 0.60% 233,058
5 Pathway Financial Advisers, LLC 0.29% 279,433 $1.0M
6 SIT INVESTMENT ASSOCIATES INC 0.21% 2,812,278 $10K
7 ABSOLUTE INVESTMENT ADVISERS, LLC 0.20% 469,158 $1.7M
8 Quarry LP 0.20% 305,111 $1.1M
9 MELFA WEALTH MANAGEMENT, INC. 0.16% 78,950 $287K
10 Capital Investment Advisors, LLC 0.15% 2,539,012 $9.2M
11 Fortis Group Advisors, LLC 0.13% 210,571 $777K
12 Everstar Asset Management, LLC 0.10% 53,180 $193K
13 Corps Capital Advisors, LLC 0.08% 25,000 $91K
14 ACCREDITED INVESTOR SERVICES, LLC 0.07% 31,422 $114K
15 Penserra Capital Management LLC 0.07% 1,596,120 $6K
16 WALLED LAKE PLANNING & WEALTH MANAGEMENT, LLC 0.05% 50,985 $185K
17 DUDLEY CAPITAL MANAGEMENT, LLC 0.05% 31,100 $113K
18 KELLEHER FINANCIAL ADVISORS 0.03% 34,308 $125K
19 Chicago Partners Investment Group LLC 0.03% 368,306 $1.4M
20 Samalin Investment Counsel, LLC 0.03% 22,235 $81K
21 Nova Wealth Management, Inc. 0.02% 10,450 $38K
22 NWF Advisory Services Inc. 0.02% 56,921 $207K
23 Uncommon Cents Investing LLC 0.02% 26,327 $96K
24 Cape Investment Advisory, Inc. 0.02% 18,300 $66K
25 CHAPIN DAVIS, INC. 0.02% 26,909 $98K
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?

Buying streak — 3 quarters in a row: For 3 consecutive quarters, more hedge funds added HIO than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for HIO?

Slight buying edge — 57% buying: Last quarter: 53 funds bought or added vs 40 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for HIO holders?

Smaller funds dominant — 4% AUM from top-100: 13 of 113 holders rank in the top 100 by AUM, but together hold only 4% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held HIO?

50% of holders stayed for 2+ years: 57 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.