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MHF

Western Asset Municipal High Income Fund
MHF

36 hedge funds and large institutions have $14.3M invested in Western Asset Municipal High Income Fund in 2015 Q4 according to their latest regulatory filings, with 1 funds opening new positions, 12 increasing their positions, 13 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.87% less ownership

Funds ownership: 9.36% → 8.5% (-0.87%)

2% less capital invested

Capital invested by funds: $14.6M → $14.3M (-$298K)

8% less repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 13

8% less funds holding

Funds holding: 39 → 36 (-3)

75% less first-time investments, than exits

New positions opened: 1 | Existing positions closed: 4

Holders
36
Holders Change
-3
Holders Change %
-7.69%
% of All Funds
0.94%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
1
Increased
12
Reduced
13
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
LPL Financial
LPL Financial
California
+$544K
2
UCFA
United Capital Financial Advisors
Texas
+$127K
3
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$107K
4
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
+$66.1K
5
RJFSA
Raymond James Financial Services Advisors
Florida
+$43.4K

Top Sellers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
-$681K
2
LCM
Landscape Capital Management
New Jersey
-$433K
3
Morgan Stanley
Morgan Stanley
New York
-$385K
4
AAM
Advisors Asset Management
Colorado
-$334K
5
CRC
Curi RMB Capital
Illinois
-$166K
Name Holding Trade Value Shares
Change 		Change in
Stake
US Bancorp
26
US Bancorp
Minnesota
$53K – – –
LTFS
27
Ladenburg Thalmann Financial Services
Florida
$23K -$22.6K -3,000 -50%
BFEC
28
Benjamin F. Edwards & Company
Missouri
$18K -$8.55K -1,135 -33%
ClearBridge Investments
29
ClearBridge Investments
New York
$18K – – –
PNC Financial Services Group
30
PNC Financial Services Group
Pennsylvania
$16K +$83 +11 +0.5%
CAPTRUST Financial Advisors
31
CAPTRUST Financial Advisors
North Carolina
$15K – – –
TCM
32
Tradewinds Capital Management
Washington
$14K – – –
Fifth Third Bancorp
33
Fifth Third Bancorp
Ohio
$13K – – –
Citigroup
34
Citigroup
New York
$5K +$53 +7 +1%
MFS
35
MSI Financial Services
Massachusetts
$3K – – –
TRCT
36
Tower Research Capital (TRC)
New York
$2K +$2.26K +300 New
GC
37
Guggenheim Capital
Illinois
– -$681K -94,207 Closed
LCM
38
Landscape Capital Management
New Jersey
– -$433K -59,934 Closed
CRC
39
Curi RMB Capital
Illinois
– -$166K -22,947 Closed
BIM
40
Bridgecreek Investment Management
Oklahoma
– -$72K -10,000 Closed
1
2

MHF Hedge Fund Activity: Q4 2015 in Review

36 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in Western Asset Municipal High Income Fund (MHF) for Q4 2015, worth a combined $14.3M — down 2% from $14.6M a quarter earlier.

Sellers outnumbered buyers: 4 funds closed out of MHF and 1 opened new positions — a net loss of 3 holders — while 13 trimmed existing stakes and 12 added.

The largest buyer was LPL Financial, adding an estimated $544K. The largest seller was Guggenheim Capital, exiting entirely with an estimated $681K sold.

  • 36 institutional investors held Western Asset Municipal High Income Fund (MHF) as of Q4 2015, down from 39 in Q3 2015.
  • Funds reported $14.3M of Western Asset Municipal High Income Fund stock for Q4 2015, down 2% quarter-over-quarter.
  • 1 fund opened new Western Asset Municipal High Income Fund positions in Q4 2015 and 4 closed out, a net change of -3 holders.
  • The largest Western Asset Municipal High Income Fund buyer in Q4 2015 was LPL Financial, an estimated $544K added.
  • The largest Western Asset Municipal High Income Fund seller in Q4 2015 was Guggenheim Capital, an estimated $681K sold.

Based on aggregated 13F filings for Q4 2015.