Western Asset Municipal High Income Fund
MHF
49 hedge funds and large institutions have $38.9M invested in Western Asset Municipal High Income Fund in 2023 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 21 increasing their positions, 13 reducing their positions, and 8 closing their positions.
62% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 13
15% more capital invested
Capital invested by funds: $33.8M → $38.9M (+$5.06M)
2.44% more ownership
Funds ownership: 24.49% → 26.93% (+2.4%)
9% less funds holding
Funds holding: 54 → 49 (-5)
63% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$1.09M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.09M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$691K |
| 4 |
TIM
Tortoise Investment Management
White Plains,
New York
|
+$556K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$515K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$183K |
| 2 |
Morgan Stanley
New York
|
-$181K |
| 3 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$130K |
| 4 |
XF
XML Financial
Bethesda,
Maryland
|
-$94.4K |
| 5 |
RWA
Ropes Wealth Advisors
Boston,
Massachusetts
|
-$89.2K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
XF
51
XML Financial
Bethesda,
Maryland
| – | -$94.4K | -14,799 | Closed |
|
|
RWA
52
Ropes Wealth Advisors
Boston,
Massachusetts
| – | -$89.2K | -13,985 | Closed |
|
53
Walleye Capital
New York
| – | -$86K | -13,477 | Closed |
|
|
LCM
54
Landscape Capital Management
Englewood,
New Jersey
| – | -$71.1K | -11,137 | Closed |
|
|
VF
55
Virtu Financial
New York
| – | -$64K | -10,054 | Closed |
|
|
RBC
56
Romano Brothers & Co
Evanston,
Illinois
| – | -$5.21K | -817 | Closed |
|
|
GI
57
Gradient Investments
Arden Hills,
Minnesota
| – | -$45 | -7 | Closed |
|
MHF Hedge Fund Activity: Q1 2023 in Review
49 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Western Asset Municipal High Income Fund (MHF) for Q1 2023, worth a combined $38.9M — up 15% from $33.8M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of MHF and 3 opened new positions — a net loss of 5 holders — while 13 trimmed existing stakes and 21 added.
The largest buyer was 1607 Capital Partners, adding an estimated $1.09M. The largest seller was Raymond James Financial Services Advisors, cutting an estimated $183K.
- 49 institutional investors held Western Asset Municipal High Income Fund (MHF) as of Q1 2023, down from 54 in Q4 2022.
- Funds reported $38.9M of Western Asset Municipal High Income Fund stock for Q1 2023, up 15% quarter-over-quarter.
- 3 funds opened new Western Asset Municipal High Income Fund positions in Q1 2023 and 8 closed out, a net change of -5 holders.
- The largest Western Asset Municipal High Income Fund buyer in Q1 2023 was 1607 Capital Partners, an estimated $1.09M added.
- The largest Western Asset Municipal High Income Fund seller in Q1 2023 was Raymond James Financial Services Advisors, an estimated $183K sold.
Based on aggregated 13F filings for Q1 2023.