Western Asset Municipal High Income Fund
MHF
48 hedge funds and large institutions have $25.5M invested in Western Asset Municipal High Income Fund in 2022 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 17 increasing their positions, 13 reducing their positions, and 7 closing their positions.
31% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 13
16% more capital invested
Capital invested by funds: $22.1M → $25.5M (+$3.45M)
14% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 7
3.24% more ownership
Funds ownership: 14.72% → 17.95% (+3.2%)
2% more funds holding
Funds holding: 47 → 48 (+1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$2.36M |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$1.03M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$644K |
| 4 |
TIM
Tortoise Investment Management
White Plains,
New York
|
+$542K |
| 5 |
Morgan Stanley
New York
|
+$457K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$388K |
| 2 |
WAP
Wealthcare Advisory Partners
West Chester,
Pennsylvania
|
-$306K |
| 3 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$306K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$144K |
| 5 |
XF
XML Financial
Bethesda,
Maryland
|
-$109K |
MHF Hedge Fund Activity: Q2 2022 in Review
48 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in Western Asset Municipal High Income Fund (MHF) for Q2 2022, worth a combined $25.5M — up 16% from $22.1M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new MHF positions and 7 closed out — a net gain of 1 holder — while 17 added to existing stakes and 13 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $2.36M. The largest seller was Raymond James Financial Services Advisors, cutting an estimated $388K.
- 48 institutional investors held Western Asset Municipal High Income Fund (MHF) as of Q2 2022, up from 47 in Q1 2022.
- Funds reported $25.5M of Western Asset Municipal High Income Fund stock for Q2 2022, up 16% quarter-over-quarter.
- 8 funds opened new Western Asset Municipal High Income Fund positions in Q2 2022 and 7 closed out, a net change of +1 holder.
- The largest Western Asset Municipal High Income Fund buyer in Q2 2022 was Karpus Investment Management, an estimated $2.36M added.
- The largest Western Asset Municipal High Income Fund seller in Q2 2022 was Raymond James Financial Services Advisors, an estimated $388K sold.
Based on aggregated 13F filings for Q2 2022.