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MHF

Western Asset Municipal High Income Fund

40 hedge funds and large institutions have $15.1M invested in Western Asset Municipal High Income Fund in 2013 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 11 increasing their positions, 7 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

57% more repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 7

43% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 7

14% more capital invested

Capital invested by funds: $13.2M → $15.1M (+$1.87M)

8% more funds holding

Funds holding: 3740 (+3)

1.52% more ownership

Funds ownership: 8.88%10.39% (+1.5%)

Holders
40
Holders Change
+3
Holders Change %
+8.11%
% of All Funds
1.16%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
10
Increased
11
Reduced
7
Closed
7
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$2.01M -$349K -51,918 -15%
AAM
2
Advisors Asset Management
Colorado
$1.74M +$1.16M +172,188 +201%
GC
3
Guggenheim Capital
Illinois
$1.58M +$697K +103,548 +79%
Invesco
4
Invesco
Georgia
$1.02M -$848K -125,979 -45%
U
5
UBS
Switzerland
$1M +$36.2K +5,385 +4%
WAM
6
Wolverine Asset Management
Illinois
$891K -$26.6K -3,956 -3%
LPL Financial
7
LPL Financial
California
$873K +$12.6K +1,875 +1%
Bank of America
8
Bank of America
North Carolina
$640K -$178K -26,400 -22%
FFA
9
Fragasso Financial Advisors
Pennsylvania
$607K +$607K +90,140 New
Wells Fargo
10
Wells Fargo
California
$561K +$8.91K +1,324 +2%
CIA
11
Capital Investment Advisors
Georgia
$528K +$528K +78,433 New
RJA
12
Raymond James & Associates
Florida
$512K +$147K +21,826 +40%
Goldman Sachs
13
Goldman Sachs
New York
$380K
AQR Capital Management
14
AQR Capital Management
Connecticut
$362K +$362K +53,812 New
LCM
15
Landscape Capital Management
New Jersey
$269K +$269K +39,946 New
First Trust Advisors
16
First Trust Advisors
Illinois
$239K -$167K -24,815 -41%
VKH
17
Virtu KCG Holdings
New York
$217K +$58.9K +8,746 +37%
GHAM
18
Gilman Hill Asset Management
Connecticut
$192K +$192K +28,500 New
WS
19
Wedbush Securities
California
$173K +$2.35K +349 +1%
PPA
20
Parametric Portfolio Associates
Washington
$135K +$6.12K +909 +5%
GEM
21
Global Endowment Management
North Carolina
$120K
Commonwealth Equity Services
22
Commonwealth Equity Services
Massachusetts
$120K +$1.63K +242 +1%
SG Americas Securities
23
SG Americas Securities
New York
$117K +$117K +17,342 New
VanEck Associates
24
VanEck Associates
New York
$107K -$11.2K -1,670 -10%
Royal Bank of Canada
25
Royal Bank of Canada
Ontario, Canada
$98K +$43.3K +6,436 +79%

MHF Hedge Fund Activity: Q4 2013 in Review

40 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Western Asset Municipal High Income Fund (MHF) for Q4 2013, worth a combined $15.1M — up 14% from $13.2M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new MHF positions and 7 closed out — a net gain of 3 holders — while 11 added to existing stakes and 7 trimmed.

The largest buyer was Advisors Asset Management, adding an estimated $1.16M. The largest seller was Invesco, cutting an estimated $848K.

  • 40 institutional investors held Western Asset Municipal High Income Fund (MHF) as of Q4 2013, up from 37 in Q3 2013.
  • Funds reported $15.1M of Western Asset Municipal High Income Fund stock for Q4 2013, up 14% quarter-over-quarter.
  • 10 funds opened new Western Asset Municipal High Income Fund positions in Q4 2013 and 7 closed out, a net change of +3 holders.
  • The largest Western Asset Municipal High Income Fund buyer in Q4 2013 was Advisors Asset Management, an estimated $1.16M added.
  • The largest Western Asset Municipal High Income Fund seller in Q4 2013 was Invesco, an estimated $848K sold.

Based on aggregated 13F filings for Q4 2013.