Western Asset Municipal High Income Fund
MHF
46 hedge funds and large institutions have $41.4M invested in Western Asset Municipal High Income Fund in 2023 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 18 increasing their positions, 14 reducing their positions, and 5 closing their positions.
29% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 14
6% more capital invested
Capital invested by funds: $38.9M → $41.4M (+$2.49M)
2.25% more ownership
Funds ownership: 26.93% → 29.18% (+2.3%)
6% less funds holding
Funds holding: 49 → 46 (-3)
60% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$2.08M |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$1.64M |
| 3 |
TIM
Tortoise Investment Management
White Plains,
New York
|
+$1.23M |
| 4 |
Truist Financial
Charlotte,
North Carolina
|
+$875K |
| 5 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$638K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$3.31M |
| 2 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
-$401K |
| 3 |
PFS
Prospera Financial Services
Dallas,
Texas
|
-$186K |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$99.1K |
| 5 |
WP
Woodline Partners
San Francisco,
California
|
-$78.6K |
MHF Hedge Fund Activity: Q2 2023 in Review
46 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Western Asset Municipal High Income Fund (MHF) for Q2 2023, worth a combined $41.4M — up 6.4% from $38.9M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of MHF and 2 opened new positions — a net loss of 3 holders — while 14 trimmed existing stakes and 18 added.
The largest buyer was Rivernorth Capital Management, adding an estimated $2.08M. The largest seller was Karpus Investment Management, exiting entirely with an estimated $3.31M sold.
- 46 institutional investors held Western Asset Municipal High Income Fund (MHF) as of Q2 2023, down from 49 in Q1 2023.
- Funds reported $41.4M of Western Asset Municipal High Income Fund stock for Q2 2023, up 6.4% quarter-over-quarter.
- 2 funds opened new Western Asset Municipal High Income Fund positions in Q2 2023 and 5 closed out, a net change of -3 holders.
- The largest Western Asset Municipal High Income Fund buyer in Q2 2023 was Rivernorth Capital Management, an estimated $2.08M added.
- The largest Western Asset Municipal High Income Fund seller in Q2 2023 was Karpus Investment Management, an estimated $3.31M sold.
Based on aggregated 13F filings for Q2 2023.