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MHF

Western Asset Municipal High Income Fund
MHF

49 hedge funds and large institutions have $47.9M invested in Western Asset Municipal High Income Fund in 2024 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 13 increasing their positions, 16 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

4% less capital invested

Capital invested by funds: $49.9M → $47.9M (-$2M)

3.31% less ownership

Funds ownership: 35.88% → 32.57% (-3.3%)

8% less funds holding

Funds holding: 53 → 49 (-4)

19% less repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 16

38% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 8

Holders
49
Holders Change
-4
Holders Change %
-7.55%
% of All Funds
0.71%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
13
Reduced
16
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
+$787K
2
GC
Guggenheim Capital
Illinois
+$575K
3
OP
ORG Partners
Indiana
+$447K
4
RJA
Raymond James & Associates
Florida
+$367K
5
TIM
Tortoise Investment Management
New York
+$318K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$3.77M
2
1CP
1607 Capital Partners
Virginia
-$1.85M
3
LSC
Logan Stone Capital
Illinois
-$422K
4
CRC
Curi RMB Capital
Illinois
-$289K
5
WAM
Wolverine Asset Management
Illinois
-$171K
Name Holding Trade Value Shares
Change 		Change in
Stake
LCM
26
Landscape Capital Management
New Jersey
$216K -$133K -20,227 -39%
Cohen & Steers
27
Cohen & Steers
New York
$204K – – –
HIP
28
HUB Investment Partners
Texas
$204K – – –
Commonwealth Equity Services
29
Commonwealth Equity Services
Massachusetts
$197K +$99.7K +15,148 +109%
Royal Bank of Canada
30
Royal Bank of Canada
Ontario, Canada
$193K -$38K -5,780 -17%
FAG
31
Fortitude Advisory Group
Washington
$156K – – –
HighTower Advisors
32
HighTower Advisors
Illinois
$137K -$13.2K -2,000 -9%
AGM
33
Alpine Global Management
New York
$136K +$132K +20,000 New
SP
34
Stonebrook Private
Michigan
$136K – – –
RIA
35
Realta Investment Advisors
Delaware
$129K – – –
UBS Group
36
UBS Group
Switzerland
$102K -$8.64K -1,313 -8%
Comerica Bank
37
Comerica Bank
Texas
$102K +$98.7K +15,000 New
Northwestern Mutual Wealth Management
38
Northwestern Mutual Wealth Management
Wisconsin
$85.9K -$2.07K -314 -2%
FSA
39
Fort Sheridan Advisors
Illinois
$85.6K – – –
CAPTRUST Financial Advisors
40
CAPTRUST Financial Advisors
North Carolina
$74.8K – – –
SPIA
41
Steward Partners Investment Advisory
New York
$69.5K +$1.38K +210 +2%
S
42
SignatureFD
Georgia
$41.2K +$401 +61 +1%
PNC Financial Services Group
43
PNC Financial Services Group
Pennsylvania
$38.7K – – –
Jones Financial Companies
44
Jones Financial Companies
Missouri
$31.2K +$30.2K +4,593 New
VWM
45
Venturi Wealth Management
Texas
$30.6K – – –
US Bancorp
46
US Bancorp
Minnesota
$4.84K – – –
NA
47
NewEdge Advisors
Louisiana
$1.96K – – –
ME
48
McIlrath & Eck
Washington
$27 – – –
FIA
49
FNY Investment Advisers
New York
$1 +$1.32K +200 New
LSC
50
Logan Stone Capital
Illinois
– -$422K -65,745 Closed
1
2
3

MHF Hedge Fund Activity: Q1 2024 in Review

49 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Western Asset Municipal High Income Fund (MHF) for Q1 2024, worth a combined $47.9M — down 4% from $49.9M a quarter earlier.

Sellers outnumbered buyers: 8 funds closed out of MHF and 5 opened new positions — a net loss of 3 holders — while 16 trimmed existing stakes and 13 added.

The largest buyer was Bank of America, adding an estimated $787K. The largest seller was Morgan Stanley, cutting an estimated $3.77M.

  • 49 institutional investors held Western Asset Municipal High Income Fund (MHF) as of Q1 2024, down from 53 in Q4 2023.
  • Funds reported $47.9M of Western Asset Municipal High Income Fund stock for Q1 2024, down 4% quarter-over-quarter.
  • 5 funds opened new Western Asset Municipal High Income Fund positions in Q1 2024 and 8 closed out, a net change of -3 holders.
  • The largest Western Asset Municipal High Income Fund buyer in Q1 2024 was Bank of America, an estimated $787K added.
  • The largest Western Asset Municipal High Income Fund seller in Q1 2024 was Morgan Stanley, an estimated $3.77M sold.

Based on aggregated 13F filings for Q1 2024.