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MHF

Western Asset Municipal High Income Fund
MHF

54 hedge funds and large institutions have $33.8M invested in Western Asset Municipal High Income Fund in 2022 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 16 increasing their positions, 14 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

300% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 3

34% more capital invested

Capital invested by funds: $25.2M → $33.8M (+$8.66M)

15% more funds holding

Funds holding: 47 → 54 (+7)

14% more repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 14

5.52% more ownership

Funds ownership: 18.98% → 24.49% (+5.5%)

Holders
54
Holders Change
+7
Holders Change %
+14.89%
% of All Funds
0.87%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
12
Increased
16
Reduced
14
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
1CP
1607 Capital Partners
Virginia
+$3.66M
2
Bank of America
Bank of America
North Carolina
+$1.79M
3
Morgan Stanley
Morgan Stanley
New York
+$864K
4
GC
Guggenheim Capital
Illinois
+$838K
5
LSC
Logan Stone Capital
Illinois
+$427K

Top Sellers

Rank Fund Capital Flow
1
Baird Financial Group
Baird Financial Group
Wisconsin
-$906K
2
RJA
Raymond James & Associates
Florida
-$280K
3
WAM
Wolverine Asset Management
Illinois
-$190K
4
RJFSA
Raymond James Financial Services Advisors
Florida
-$188K
5
Northwestern Mutual Wealth Management
Northwestern Mutual Wealth Management
Wisconsin
-$159K
Name Holding Trade Value Shares
Change 		Change in
Stake
UBS Group
26
UBS Group
Switzerland
$167K -$140K -21,826 -45%
Susquehanna International Group
27
Susquehanna International Group
Pennsylvania
$157K +$50.5K +7,902 +47%
RIG
28
Ramiah Investment Group
Wisconsin
$147K +$147K +23,071 New
FAG
29
Fortitude Advisory Group
Washington
$141K – – –
LPL Financial
30
LPL Financial
California
$131K – – –
Baird Financial Group
31
Baird Financial Group
Wisconsin
$130K -$906K -141,803 -87%
Northwestern Mutual Wealth Management
32
Northwestern Mutual Wealth Management
Wisconsin
$124K -$159K -24,830 -56%
First Trust Advisors
33
First Trust Advisors
Illinois
$109K -$32K -5,011 -23%
XF
34
XML Financial
Maryland
$94.4K +$94.6K +14,799 New
RWA
35
Ropes Wealth Advisors
Massachusetts
$89.2K +$89.4K +13,985 New
Walleye Capital
36
Walleye Capital
New York
$86K +$86.2K +13,477 New
CIA
37
Capital Investment Advisors
Georgia
$81K -$28.8K -4,500 -26%
AWS
38
Atria Wealth Solutions
New York
$80.4K – – –
LCM
39
Landscape Capital Management
New Jersey
$71.1K -$28.5K -4,453 -29%
VF
40
Virtu Financial
New York
$64K +$64.3K +10,054 New
PNC Financial Services Group
41
PNC Financial Services Group
Pennsylvania
$36.4K – – –
SPIA
42
Steward Partners Investment Advisory
New York
$35.7K -$7.15K -1,119 -17%
SWM
43
Spire Wealth Management
Virginia
$28K – – –
AF
44
Allworth Financial
California
$22K +$268 +42 +1%
JP Morgan Chase
45
JP Morgan Chase
New York
$19K +$19K +2,974 New
EI
46
Ellevest Inc
New York
$14.1K +$128 +20 +0.9%
TJHA
47
Thomas J. Herzfeld Advisors
Florida
$10.2K +$10.2K +1,593 New
Carson Wealth (CWM LLC)
48
Carson Wealth (CWM LLC)
Nebraska
$9K +$6.42K +1,004 +209%
RBC
49
Romano Brothers & Co
Illinois
$5.21K +$5.22K +817 New
US Bancorp
50
US Bancorp
Minnesota
$4.55K – – –
1
2
3

MHF Hedge Fund Activity: Q4 2022 in Review

54 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Western Asset Municipal High Income Fund (MHF) for Q4 2022, worth a combined $33.8M — up 34% from $25.2M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new MHF positions and 3 closed out — a net gain of 9 holders — while 16 added to existing stakes and 14 trimmed.

The largest buyer was 1607 Capital Partners, adding an estimated $3.66M. The largest seller was Baird Financial Group, cutting an estimated $906K.

  • 54 institutional investors held Western Asset Municipal High Income Fund (MHF) as of Q4 2022, up from 47 in Q3 2022.
  • Funds reported $33.8M of Western Asset Municipal High Income Fund stock for Q4 2022, up 34% quarter-over-quarter.
  • 12 funds opened new Western Asset Municipal High Income Fund positions in Q4 2022 and 3 closed out, a net change of +9 holders.
  • The largest Western Asset Municipal High Income Fund buyer in Q4 2022 was 1607 Capital Partners, an estimated $3.66M added.
  • The largest Western Asset Municipal High Income Fund seller in Q4 2022 was Baird Financial Group, an estimated $906K sold.

Based on aggregated 13F filings for Q4 2022.