Western Asset Municipal High Income Fund
MHF
37 hedge funds and large institutions have $13.7M invested in Western Asset Municipal High Income Fund in 2015 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 11 increasing their positions, 10 reducing their positions, and 2 closing their positions.
100% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 2
10% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 10
3% more funds holding
Funds holding: 36 → 37 (+1)
0.87% less ownership
Funds ownership: 9.71% → 8.83% (-0.87%)
16% less capital invested
Capital invested by funds: $16.4M → $13.7M (-$2.69M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$232K |
| 2 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$220K |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
+$121K |
| 4 |
DA
Doliver Advisors
Houston,
Texas
|
+$94.2K |
| 5 |
BAS
Brown Advisory Securities
Baltimore,
Maryland
|
+$89.9K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$854K |
| 2 |
Goldman Sachs
New York
|
-$441K |
| 3 |
MFS
MSI Financial Services
Springfield,
Massachusetts
|
-$329K |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$241K |
| 5 |
Morgan Stanley
New York
|
-$182K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
DA
26
Doliver Advisors
Houston,
Texas
| $88K | +$94.2K | +12,356 | New |
|
|
BIM
27
Bridgecreek Investment Management
Tulsa,
Oklahoma
| $72K | – | – | – |
|
28
US Bancorp
Minneapolis,
Minnesota
| $49K | – | – | – |
|
|
LTFS
29
Ladenburg Thalmann Financial Services
Miami,
Florida
| $42K | – | – | – |
|
|
BFEC
30
Benjamin F. Edwards & Company
St. Louis,
Missouri
| $25K | – | – | – |
|
31
ClearBridge Investments
New York
| $16K | – | – | – |
|
32
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $14K | +$7.7K | +1,011 | +101% |
|
|
TCM
33
Tradewinds Capital Management
Bellingham,
Washington
| $13K | – | – | – |
|
34
Fifth Third Bancorp
Cincinnati,
Ohio
| $12K | – | – | – |
|
|
TRCT
35
Tower Research Capital (TRC)
New York
| $7K | +$3.97K | +521 | +103% |
|
36
Citigroup
New York
| $5K | -$2.9K | -380 | -37% |
|
|
MFS
37
MSI Financial Services
Springfield,
Massachusetts
| $3K | -$329K | -43,109 | -99% |
|
|
38
Goldman Sachs
New York
| – | -$441K | -56,499 | Closed |
|
|
UR
39
USCA RIA
Houston,
Texas
| – | -$129K | -16,552 | Closed |
|
MHF Hedge Fund Activity: Q2 2015 in Review
37 of the 3,712 institutional investors tracked by Wall St. Rank reported a position in Western Asset Municipal High Income Fund (MHF) for Q2 2015, worth a combined $13.7M — down 16% from $16.4M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new MHF positions and 2 closed out — a net gain of 2 holders — while 11 added to existing stakes and 10 trimmed.
The largest buyer was Landscape Capital Management, opening a new position worth an estimated $232K. The largest seller was Guggenheim Capital, cutting an estimated $854K.
- 37 institutional investors held Western Asset Municipal High Income Fund (MHF) as of Q2 2015, up from 36 in Q1 2015.
- Funds reported $13.7M of Western Asset Municipal High Income Fund stock for Q2 2015, down 16% quarter-over-quarter.
- 4 funds opened new Western Asset Municipal High Income Fund positions in Q2 2015 and 2 closed out, a net change of +2 holders.
- The largest Western Asset Municipal High Income Fund buyer in Q2 2015 was Landscape Capital Management, an estimated $232K added.
- The largest Western Asset Municipal High Income Fund seller in Q2 2015 was Guggenheim Capital, an estimated $854K sold.
Based on aggregated 13F filings for Q2 2015.