Western Asset Municipal High Income Fund
MHF
37 hedge funds and large institutions have $13.2M invested in Western Asset Municipal High Income Fund in 2013 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 12 increasing their positions, 10 reducing their positions, and 1 closing their positions.
500% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 1
20% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 10
16% more funds holding
Funds holding: 32 → 37 (+5)
10% more capital invested
Capital invested by funds: $12M → $13.2M (+$1.21M)
1.25% more ownership
Funds ownership: 7.62% → 8.88% (+1.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
U
UBS
Zurich,
Switzerland
|
+$818K |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$582K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$480K |
| 4 |
Morgan Stanley
New York
|
+$470K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$433K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$904K |
| 2 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$510K |
| 3 |
DA
Doliver Advisors
Houston,
Texas
|
-$445K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$104K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$64.6K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BIM
26
Bridgecreek Investment Management
Tulsa,
Oklahoma
| $68K | – | – | – |
|
|
27
Royal Bank of Canada
Toronto,
Ontario, Canada
| $55K | -$64.6K | -9,500 | -54% |
|
|
LTFS
28
Ladenburg Thalmann Financial Services
Miami,
Florida
| $55K | +$286 | +42 | +0.5% |
|
29
US Bancorp
Minneapolis,
Minnesota
| $46K | – | – | – |
|
|
WA
30
WFG Advisors
Dallas,
Texas
| $46K | – | – | – |
|
31
Ameriprise
Minneapolis,
Minnesota
| $30K | -$12.5K | -1,836 | -29% |
|
|
BFEC
32
Benjamin F. Edwards & Company
St. Louis,
Missouri
| $17K | – | – | – |
|
33
ClearBridge Investments
New York
| $15K | +$15.3K | +2,250 | New |
|
34
Fifth Third Bancorp
Cincinnati,
Ohio
| $11K | – | – | – |
|
|
TRCT
35
Tower Research Capital (TRC)
New York
| $6K | -$2.23K | -328 | -27% |
|
36
Citigroup
New York
| $4K | -$5.45K | -801 | -56% |
|
|
AIA
37
Alerus Investment Advisors
Wayzata,
Minnesota
| $4K | – | – | – |
|
|
MFS
38
MSI Financial Services
Springfield,
Massachusetts
| $3K | – | – | – |
|
|
PSUF
39
People's United Financial
Bridgeport,
Connecticut
| – | -$7K | -1,000 | Closed |
|
MHF Hedge Fund Activity: Q3 2013 in Review
37 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Western Asset Municipal High Income Fund (MHF) for Q3 2013, worth a combined $13.2M — up 10% from $12M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new MHF positions and 1 closed out — a net gain of 5 holders — while 12 added to existing stakes and 10 trimmed.
The largest buyer was UBS, adding an estimated $818K. The largest seller was Invesco, cutting an estimated $904K.
- 37 institutional investors held Western Asset Municipal High Income Fund (MHF) as of Q3 2013, up from 32 in Q2 2013.
- Funds reported $13.2M of Western Asset Municipal High Income Fund stock for Q3 2013, up 10% quarter-over-quarter.
- 6 funds opened new Western Asset Municipal High Income Fund positions in Q3 2013 and 1 closed out, a net change of +5 holders.
- The largest Western Asset Municipal High Income Fund buyer in Q3 2013 was UBS, an estimated $818K added.
- The largest Western Asset Municipal High Income Fund seller in Q3 2013 was Invesco, an estimated $904K sold.
Based on aggregated 13F filings for Q3 2013.