Western Asset Municipal High Income Fund
MHF
41 hedge funds and large institutions have $19.8M invested in Western Asset Municipal High Income Fund in 2020 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 11 increasing their positions, 10 reducing their positions, and 8 closing their positions.
10% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 10
0.28% less ownership
Funds ownership: 12.57% → 12.29% (-0.28%)
2% less funds holding
Funds holding: 42 → 41 (-1)
11% less capital invested
Capital invested by funds: $22.3M → $19.8M (-$2.49M)
13% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PFS
Prospera Financial Services
Dallas,
Texas
|
+$267K |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$247K |
| 3 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$185K |
| 4 |
BRWM
B. Riley Wealth Management
Memphis,
Tennessee
|
+$177K |
| 5 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$165K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$478K |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$335K |
| 3 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$334K |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$258K |
| 5 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$111K |
MHF Hedge Fund Activity: Q3 2020 in Review
41 of the 4,970 institutional investors tracked by Wall St. Rank reported a position in Western Asset Municipal High Income Fund (MHF) for Q3 2020, worth a combined $19.8M — down 11% from $22.3M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of MHF and 7 opened new positions — a net loss of 1 holder — while 10 trimmed existing stakes and 11 added.
The largest buyer was Prospera Financial Services, opening a new position worth an estimated $267K. The largest seller was Robinson Capital Management, exiting entirely with an estimated $478K sold.
- 41 institutional investors held Western Asset Municipal High Income Fund (MHF) as of Q3 2020, down from 42 in Q2 2020.
- Funds reported $19.8M of Western Asset Municipal High Income Fund stock for Q3 2020, down 11% quarter-over-quarter.
- 7 funds opened new Western Asset Municipal High Income Fund positions in Q3 2020 and 8 closed out, a net change of -1 holder.
- The largest Western Asset Municipal High Income Fund buyer in Q3 2020 was Prospera Financial Services, an estimated $267K added.
- The largest Western Asset Municipal High Income Fund seller in Q3 2020 was Robinson Capital Management, an estimated $478K sold.
Based on aggregated 13F filings for Q3 2020.