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MHF

Western Asset Municipal High Income Fund

40 hedge funds and large institutions have $15.1M invested in Western Asset Municipal High Income Fund in 2013 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 11 increasing their positions, 7 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

57% more repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 7

43% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 7

14% more capital invested

Capital invested by funds: $13.2M → $15.1M (+$1.87M)

8% more funds holding

Funds holding: 3740 (+3)

1.52% more ownership

Funds ownership: 8.88%10.39% (+1.5%)

Holders
40
Holders Change
+3
Holders Change %
+8.11%
% of All Funds
1.16%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
10
Increased
11
Reduced
7
Closed
7
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Barclays
26
Barclays
United Kingdom
$96K
Cambridge Investment Research Advisors
27
Cambridge Investment Research Advisors
Iowa
$75K
DI
28
Dalton Investments
Nevada
$75K +$74.7K +11,101 New
Janney Montgomery Scott
29
Janney Montgomery Scott
Pennsylvania
$74K +$74K +11,000 New
BIM
30
Bridgecreek Investment Management
Oklahoma
$67K
US Bancorp
31
US Bancorp
Minnesota
$46K
WA
32
WFG Advisors
Texas
$46K
LTFS
33
Ladenburg Thalmann Financial Services
Florida
$34K -$20.8K -3,092 -38%
AIG
34
American International Group
New York
$23K +$23K +3,414 New
BFEC
35
Benjamin F. Edwards & Company
Missouri
$16K
ClearBridge Investments
36
ClearBridge Investments
New York
$15K
TCM
37
Tradewinds Capital Management
Washington
$12K +$11.9K +1,772 New
Fifth Third Bancorp
38
Fifth Third Bancorp
Ohio
$11K
Citigroup
39
Citigroup
New York
$4K
MFS
40
MSI Financial Services
Massachusetts
$3K
TC
41
TFS Capital
Pennsylvania
-$226K -33,184 Closed
DA
42
Doliver Advisors
Texas
-$151K -22,150 Closed
Bank of New York Mellon
43
Bank of New York Mellon
New York
-$129K -19,000 Closed
CA
44
Cornerstone Advisors
North Carolina
-$87K -12,822 Closed
Ameriprise
45
Ameriprise
Minnesota
-$30K -4,435 Closed
TRCT
46
Tower Research Capital (TRC)
New York
-$6K -898 Closed
AIA
47
Alerus Investment Advisors
Minnesota
-$4K -600 Closed

MHF Hedge Fund Activity: Q4 2013 in Review

40 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Western Asset Municipal High Income Fund (MHF) for Q4 2013, worth a combined $15.1M — up 14% from $13.2M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new MHF positions and 7 closed out — a net gain of 3 holders — while 11 added to existing stakes and 7 trimmed.

The largest buyer was Advisors Asset Management, adding an estimated $1.16M. The largest seller was Invesco, cutting an estimated $848K.

  • 40 institutional investors held Western Asset Municipal High Income Fund (MHF) as of Q4 2013, up from 37 in Q3 2013.
  • Funds reported $15.1M of Western Asset Municipal High Income Fund stock for Q4 2013, up 14% quarter-over-quarter.
  • 10 funds opened new Western Asset Municipal High Income Fund positions in Q4 2013 and 7 closed out, a net change of +3 holders.
  • The largest Western Asset Municipal High Income Fund buyer in Q4 2013 was Advisors Asset Management, an estimated $1.16M added.
  • The largest Western Asset Municipal High Income Fund seller in Q4 2013 was Invesco, an estimated $848K sold.

Based on aggregated 13F filings for Q4 2013.