Western Asset Municipal High Income Fund
MHF
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.
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: 37 → 40 (+3)
1.52% more ownership
Funds ownership: 8.88% → 10.39% (+1.5%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.16M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$697K |
| 3 |
AQR Capital Management
Greenwich,
Connecticut
|
+$362K |
| 4 |
GHAM
Gilman Hill Asset Management
New Canaan,
Connecticut
|
+$192K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$147K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$848K |
| 2 |
Morgan Stanley
New York
|
-$349K |
| 3 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$226K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$178K |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
-$167K |
MHF Hedge Fund Activity: Q4 2013 in Review
40 of the 3,459 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.