The invention relates to porous PTT (polytrimethylene terephthalate)-fiber HOY (high oriented yarn) and a preparation method thereof. According to the preparation method, the porous PTT-fiber HOY is prepared from modified PTT by spinning with a porous spinneret; spinneret orifices in the porous spinneret are arranged in an oval shape, that is, the centers of the spinneret orifices are located on concentric ellipses adopting series ellipses, major axes of all the ellipses are collinear, and minor axes of all the ellipses are collinear. The porous PTT-fiber HOY is prepared from modified PTT through measurement, extrusion, cooling, oiling and winding. A preparation method of modified PTT comprises the steps as follows: terephthalic acid and 1,3-propanediol react, trimethylene terephthalate is prepared, diol terephthalate prepared from terephthalic acid and branched-chain-containing diol through a reaction is added, reaction is continued, and modified PTT is obtained. The prepared HOY has excellent fiber performance, the deviation rate of linear density is lower than or equal to 0.2%, the breaking strength CV value is lower than or equal to 2.5%, and the breaking elongation CV value is lower than or equal to 5.0%.