Western Asset Municipal High Income Fund
MHF
40 hedge funds and large institutions have $21.3M invested in Western Asset Municipal High Income Fund in 2018 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 15 increasing their positions, 7 reducing their positions, and 6 closing their positions.
114% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 7
8% more capital invested
Capital invested by funds: $19.8M → $21.3M (+$1.5M)
1.33% more ownership
Funds ownership: 12.39% → 13.71% (+1.3%)
5% less funds holding
Funds holding: 42 → 40 (-2)
33% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$2.76M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$652K |
| 3 |
UCFA
United Capital Financial Advisors
Irving,
Texas
|
+$343K |
| 4 |
Morgan Stanley
New York
|
+$290K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$256K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$1.87M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$341K |
| 3 |
DA
Doliver Advisors
Houston,
Texas
|
-$298K |
| 4 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$204K |
| 5 |
LNWWM
Laird Norton Wetherby Wealth Management
San Francisco,
California
|
-$142K |
MHF Hedge Fund Activity: Q1 2018 in Review
40 of the 4,373 institutional investors tracked by Wall St. Rank reported a position in Western Asset Municipal High Income Fund (MHF) for Q1 2018, worth a combined $21.3M — up 7.5% from $19.8M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of MHF and 4 opened new positions — a net loss of 2 holders — while 7 trimmed existing stakes and 15 added.
The largest buyer was Karpus Investment Management, adding an estimated $2.76M. The largest seller was Fiera Capital (Canada), exiting entirely with an estimated $1.87M sold.
- 40 institutional investors held Western Asset Municipal High Income Fund (MHF) as of Q1 2018, down from 42 in Q4 2017.
- Funds reported $21.3M of Western Asset Municipal High Income Fund stock for Q1 2018, up 7.5% quarter-over-quarter.
- 4 funds opened new Western Asset Municipal High Income Fund positions in Q1 2018 and 6 closed out, a net change of -2 holders.
- The largest Western Asset Municipal High Income Fund buyer in Q1 2018 was Karpus Investment Management, an estimated $2.76M added.
- The largest Western Asset Municipal High Income Fund seller in Q1 2018 was Fiera Capital (Canada), an estimated $1.87M sold.
Based on aggregated 13F filings for Q1 2018.