Western Asset Municipal High Income Fund
MHF
39 hedge funds and large institutions have $16.5M invested in Western Asset Municipal High Income Fund in 2014 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 18 increasing their positions, 8 reducing their positions, and 4 closing their positions.
125% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 8
10% more capital invested
Capital invested by funds: $15.1M → $16.5M (+$1.46M)
0.53% more ownership
Funds ownership: 10.39% → 10.92% (+0.53%)
3% less funds holding
Funds holding: 40 → 39 (-1)
25% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$932K |
| 2 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$476K |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$416K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$302K |
| 5 |
U
UBS
Zurich,
Switzerland
|
+$259K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$891K |
| 2 |
LPL Financial
San Diego,
California
|
-$265K |
| 3 |
VKH
Virtu KCG Holdings
New York
|
-$217K |
| 4 |
Morgan Stanley
New York
|
-$180K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$169K |
MHF Hedge Fund Activity: Q1 2014 in Review
39 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Western Asset Municipal High Income Fund (MHF) for Q1 2014, worth a combined $16.5M — up 9.7% from $15.1M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of MHF and 3 opened new positions — a net loss of 1 holder — while 8 trimmed existing stakes and 18 added.
The largest buyer was Advisors Asset Management, adding an estimated $932K. The largest seller was Wolverine Asset Management, exiting entirely with an estimated $891K sold.
- 39 institutional investors held Western Asset Municipal High Income Fund (MHF) as of Q1 2014, down from 40 in Q4 2013.
- Funds reported $16.5M of Western Asset Municipal High Income Fund stock for Q1 2014, up 9.7% quarter-over-quarter.
- 3 funds opened new Western Asset Municipal High Income Fund positions in Q1 2014 and 4 closed out, a net change of -1 holder.
- The largest Western Asset Municipal High Income Fund buyer in Q1 2014 was Advisors Asset Management, an estimated $932K added.
- The largest Western Asset Municipal High Income Fund seller in Q1 2014 was Wolverine Asset Management, an estimated $891K sold.
Based on aggregated 13F filings for Q1 2014.