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MHF

Western Asset Municipal High Income Fund
MHF

41 hedge funds and large institutions have $18.8M invested in Western Asset Municipal High Income Fund in 2020 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 11 increasing their positions, 9 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

22% more repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 9

1.15% more ownership

Funds ownership: 11.13% → 12.28% (+1.2%)

5% more capital invested

Capital invested by funds: $17.9M → $18.8M (+$861K)

7% less funds holding

Funds holding: 44 → 41 (-3)

13% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 8

Holders
41
Holders Change
-3
Holders Change %
-6.82%
% of All Funds
0.9%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
7
Increased
11
Reduced
9
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$1.04M
2
1CP
1607 Capital Partners
Virginia
+$688K
3
RJA
Raymond James & Associates
Florida
+$579K
4
Wells Fargo
Wells Fargo
California
+$416K
5
TJHA
Thomas J. Herzfeld Advisors
Florida
+$243K

Top Sellers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
-$498K
2
UBS Group
UBS Group
Switzerland
-$418K
3
KIM
Karpus Investment Management
New York
-$234K
4
HH
Hilltop Holdings
Texas
-$169K
5
GHAM
Gilman Hill Asset Management
Connecticut
-$162K
Name Holding Trade Value Shares
Change 		Change in
Stake
SPIA
26
Steward Partners Investment Advisory
New York
$104K +$83 +11 +0.1%
AA
27
AQR Arbitrage
Connecticut
$100K +$107K +14,153 New
ST
28
Sentinel Trust
Texas
$97K – – –
LPL Financial
29
LPL Financial
California
$94K -$566 -75 -0.6%
Goldman Sachs
30
Goldman Sachs
New York
$85K +$90.4K +11,974 New
CCFM
31
Clear Creek Financial Management
Washington
$80K – – –
SIA
32
Sit Investment Associates
Minnesota
$69K +$73.9K +9,800 New
HPC
33
HM Payson & Co
Maine
$45K – – –
AF
34
Advisornet Financial
Minnesota
$16K – – –
ClearBridge Investments
35
ClearBridge Investments
New York
$16K – – –
PNC Financial Services Group
36
PNC Financial Services Group
Pennsylvania
$16K +$16.6K +2,200 New
EI
37
Ellevest Inc
New York
$14K +$45 +6 +0.3%
Fifth Third Bancorp
38
Fifth Third Bancorp
Ohio
$12K – – –
TCM
39
Tradewinds Capital Management
Washington
$7K – – –
US Bancorp
40
US Bancorp
Minnesota
$5K – – –
HH
41
Hilltop Holdings
Texas
– -$169K -22,328 Closed
GHAM
42
Gilman Hill Asset Management
Connecticut
– -$162K -21,350 Closed
ACA
43
Ackerman Capital Advisors
Texas
– -$156K -20,600 Closed
CA
44
Calton & Associates
Florida
– -$82K -10,864 Closed
WCG
45
Weaver Consulting Group
California
– -$53K -6,986 Closed
WAM
46
Wolverine Asset Management
Illinois
– -$28K -3,781 Closed
VCP
47
Verus Capital Partners
Arizona
– -$15K -2,000 Closed
CHAM
48
Clear Harbor Asset Management
Connecticut
– -$7.58K -1,000 Closed
1
2

MHF Hedge Fund Activity: Q1 2020 in Review

41 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Western Asset Municipal High Income Fund (MHF) for Q1 2020, worth a combined $18.8M — up 4.8% from $17.9M a quarter earlier.

Sellers outnumbered buyers: 8 funds closed out of MHF and 7 opened new positions — a net loss of 1 holder — while 9 trimmed existing stakes and 11 added.

The largest buyer was Morgan Stanley, adding an estimated $1.04M. The largest seller was Bank of America, cutting an estimated $498K.

  • 41 institutional investors held Western Asset Municipal High Income Fund (MHF) as of Q1 2020, down from 44 in Q4 2019.
  • Funds reported $18.8M of Western Asset Municipal High Income Fund stock for Q1 2020, up 4.8% quarter-over-quarter.
  • 7 funds opened new Western Asset Municipal High Income Fund positions in Q1 2020 and 8 closed out, a net change of -1 holder.
  • The largest Western Asset Municipal High Income Fund buyer in Q1 2020 was Morgan Stanley, an estimated $1.04M added.
  • The largest Western Asset Municipal High Income Fund seller in Q1 2020 was Bank of America, an estimated $498K sold.

Based on aggregated 13F filings for Q1 2020.