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MHF

Western Asset Municipal High Income Fund
MHF

44 hedge funds and large institutions have $18M invested in Western Asset Municipal High Income Fund in 2014 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 18 increasing their positions, 10 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

80% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 10

50% more first-time investments, than exits

New positions opened: 3 | Existing positions closed: 2

2% more funds holding

Funds holding: 43 → 44 (+1)

0.17% more ownership

Funds ownership: 11.3% → 11.48% (+0.17%)

0% less capital invested

Capital invested by funds: $18M → $18M (-$14K)

Holders
44
Holders Change
+1
Holders Change %
+2.33%
% of All Funds
1.28%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
3
Increased
18
Reduced
10
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
AAM
Advisors Asset Management
Colorado
+$575K
2
UCFA
United Capital Financial Advisors
Texas
+$221K
3
DA
Doliver Advisors
Texas
+$86.2K
4
U
UBS
Switzerland
+$78K
5
Bank of America
Bank of America
North Carolina
+$64.5K

Top Sellers

Rank Fund Capital Flow
1
Invesco
Invesco
Georgia
-$414K
2
COLIM
City of London Investment Management
United Kingdom
-$182K
3
AQR Capital Management
AQR Capital Management
Connecticut
-$121K
4
GC
Guggenheim Capital
Illinois
-$120K
5
PPA
Parametric Portfolio Associates
Washington
-$72.3K
Name Holding Trade Value Shares
Change 		Change in
Stake
VanEck Associates
26
VanEck Associates
New York
$147K +$2.66K +359 +2%
Commonwealth Equity Services
27
Commonwealth Equity Services
Massachusetts
$146K +$14K +1,884 +10%
GEM
28
Global Endowment Management
North Carolina
$130K – – –
UR
29
USCA RIA
Texas
$120K – – –
Envestnet Asset Management
30
Envestnet Asset Management
Illinois
$108K -$51.4K -6,927 -32%
AIG
31
American International Group
New York
$97.4K – – –
DA
32
Doliver Advisors
Texas
$84K +$86.2K +11,620 New
DI
33
Dalton Investments
Nevada
$83K +$757 +102 +0.9%
BIM
34
Bridgecreek Investment Management
Oklahoma
$73K – – –
US Bancorp
35
US Bancorp
Minnesota
$49K – – –
WA
36
WFG Advisors
Texas
$49K – – –
BFEC
37
Benjamin F. Edwards & Company
Missouri
$25K +$7.42K +1,000 +41%
LTFS
38
Ladenburg Thalmann Financial Services
Florida
$22K -$7.42K -1,000 -25%
ClearBridge Investments
39
ClearBridge Investments
New York
$16K – – –
TCM
40
Tradewinds Capital Management
Washington
$13K – – –
Fifth Third Bancorp
41
Fifth Third Bancorp
Ohio
$12K – – –
Citigroup
42
Citigroup
New York
$5K – – –
TRCT
43
Tower Research Capital (TRC)
New York
$1K -$1.48K -200 -52%
WCM
44
Wealthcare Capital Management
Virginia
$1K +$1.15K +155 New
COLIM
45
City of London Investment Management
United Kingdom
– -$182K -24,521 Closed
TJHA
46
Thomas J. Herzfeld Advisors
Florida
– -$7K -1,000 Closed
1
2

MHF Hedge Fund Activity: Q3 2014 in Review

44 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in Western Asset Municipal High Income Fund (MHF) for Q3 2014, worth a combined $18M — down 0.08% from $18M a quarter earlier.

Buyers outnumbered sellers: 3 funds opened new MHF positions and 2 closed out — a net gain of 1 holder — while 18 added to existing stakes and 10 trimmed.

The largest buyer was Advisors Asset Management, adding an estimated $575K. The largest seller was Invesco, cutting an estimated $414K.

  • 44 institutional investors held Western Asset Municipal High Income Fund (MHF) as of Q3 2014, up from 43 in Q2 2014.
  • Funds reported $18M of Western Asset Municipal High Income Fund stock for Q3 2014, down 0.08% quarter-over-quarter.
  • 3 funds opened new Western Asset Municipal High Income Fund positions in Q3 2014 and 2 closed out, a net change of +1 holder.
  • The largest Western Asset Municipal High Income Fund buyer in Q3 2014 was Advisors Asset Management, an estimated $575K added.
  • The largest Western Asset Municipal High Income Fund seller in Q3 2014 was Invesco, an estimated $414K sold.

Based on aggregated 13F filings for Q3 2014.