Western Asset Municipal High Income Fund
MHF
35 hedge funds and large institutions have $13.6M invested in Western Asset Municipal High Income Fund in 2016 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 17 increasing their positions, 5 reducing their positions, and 4 closing their positions.
240% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 5
3% more capital invested
Capital invested by funds: $13.2M → $13.6M (+$400K)
0.48% more ownership
Funds ownership: 7.44% → 7.92% (+0.48%)
5% less funds holding
Funds holding: 37 → 35 (-2)
50% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
+$269K |
| 2 |
UCFA
United Capital Financial Advisors
Irving,
Texas
|
+$258K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$171K |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$157K |
| 5 |
VanEck Associates
New York
|
+$147K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BB
Bell Bank
Fargo,
North Dakota
|
-$207K |
| 2 |
CWM
Concert Wealth Management
San Jose,
California
|
-$156K |
| 3 |
BAS
Brown Advisory Securities
Baltimore,
Maryland
|
-$113K |
| 4 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$49.3K |
| 5 |
US Bancorp
Minneapolis,
Minnesota
|
-$40.4K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
26
US Bancorp
Minneapolis,
Minnesota
| $54K | -$40.4K | -5,000 | -42% |
|
|
AG
27
Advisor Group
Phoenix,
Arizona
| $27K | – | – | – |
|
28
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $27K | +$11K | +1,360 | +66% |
|
|
LTFS
29
Ladenburg Thalmann Financial Services
Miami,
Florida
| $24K | – | – | – |
|
30
ClearBridge Investments
New York
| $18K | – | – | – |
|
31
Fifth Third Bancorp
Cincinnati,
Ohio
| $13K | – | – | – |
|
|
TCM
32
Tradewinds Capital Management
Bellingham,
Washington
| $8K | – | – | – |
|
|
DADC
33
D.A. Davidson & Co
Great Falls,
Montana
| $5K | – | – | – |
|
34
Citigroup
New York
| $5K | +$56 | +7 | +1% |
|
|
BB
35
Bell Bank
Fargo,
North Dakota
| – | -$207K | -25,088 | Closed |
|
|
CWM
36
Concert Wealth Management
San Jose,
California
| – | -$156K | -18,977 | Closed |
|
|
BFEC
37
Benjamin F. Edwards & Company
St. Louis,
Missouri
| – | -$8K | -1,000 | Closed |
|
|
MFS
38
MSI Financial Services
Springfield,
Massachusetts
| – | -$8K | -938 | Closed |
|
|
TRCT
39
Tower Research Capital (TRC)
New York
| – | -$4.68K | -580 | -92% |
|
MHF Hedge Fund Activity: Q3 2016 in Review
35 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Western Asset Municipal High Income Fund (MHF) for Q3 2016, worth a combined $13.6M — up 3% from $13.2M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of MHF and 2 opened new positions — a net loss of 2 holders — while 5 trimmed existing stakes and 17 added.
The largest buyer was Envestnet Asset Management, adding an estimated $269K. The largest seller was Bell Bank, exiting entirely with an estimated $207K sold.
- 35 institutional investors held Western Asset Municipal High Income Fund (MHF) as of Q3 2016, down from 37 in Q2 2016.
- Funds reported $13.6M of Western Asset Municipal High Income Fund stock for Q3 2016, up 3% quarter-over-quarter.
- 2 funds opened new Western Asset Municipal High Income Fund positions in Q3 2016 and 4 closed out, a net change of -2 holders.
- The largest Western Asset Municipal High Income Fund buyer in Q3 2016 was Envestnet Asset Management, an estimated $269K added.
- The largest Western Asset Municipal High Income Fund seller in Q3 2016 was Bell Bank, an estimated $207K sold.
Based on aggregated 13F filings for Q3 2016.