Western Asset Municipal High Income Fund
MHF
41 hedge funds and large institutions have $18.8M invested in Western Asset Municipal High Income Fund in 2020 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 11 increasing their positions, 9 reducing their positions, and 8 closing their positions.
22% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 9
1.15% more ownership
Funds ownership: 11.13% → 12.28% (+1.2%)
3% more capital invested
Capital invested by funds: $18.2M → $18.8M (+$534K)
7% less funds holding
Funds holding: 44 → 41 (-3)
13% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$1.04M |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$688K |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$579K |
| 4 |
Wells Fargo
San Francisco,
California
|
+$416K |
| 5 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$243K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$498K |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$418K |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$234K |
| 4 |
HH
Hilltop Holdings
Dallas,
Texas
|
-$169K |
| 5 |
GHAM
Gilman Hill Asset Management
New Canaan,
Connecticut
|
-$162K |
MHF Hedge Fund Activity: Q1 2020 in Review
41 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in Western Asset Municipal High Income Fund (MHF) for Q1 2020, worth a combined $18.8M — up 2.9% from $18.2M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of MHF and 7 opened new positions — a net loss of 1 holder — while 9 trimmed existing stakes and 11 added.
The largest buyer was Morgan Stanley, adding an estimated $1.04M. The largest seller was Bank of America, cutting an estimated $498K.
- 41 institutional investors held Western Asset Municipal High Income Fund (MHF) as of Q1 2020, down from 44 in Q4 2019.
- Funds reported $18.8M of Western Asset Municipal High Income Fund stock for Q1 2020, up 2.9% quarter-over-quarter.
- 7 funds opened new Western Asset Municipal High Income Fund positions in Q1 2020 and 8 closed out, a net change of -1 holder.
- The largest Western Asset Municipal High Income Fund buyer in Q1 2020 was Morgan Stanley, an estimated $1.04M added.
- The largest Western Asset Municipal High Income Fund seller in Q1 2020 was Bank of America, an estimated $498K sold.
Based on aggregated 13F filings for Q1 2020.