Western Asset Municipal High Income Fund
MHF
47 hedge funds and large institutions have $41.8M invested in Western Asset Municipal High Income Fund in 2023 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 21 increasing their positions, 12 reducing their positions, and 3 closing their positions.
75% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 12
33% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 3
2.54% more ownership
Funds ownership: 29.18% → 31.72% (+2.5%)
2% more funds holding
Funds holding: 46 → 47 (+1)
1% more capital invested
Capital invested by funds: $41.4M → $41.8M (+$447K)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.17M |
| 2 |
TIM
Tortoise Investment Management
White Plains,
New York
|
+$1.12M |
| 3 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
+$511K |
| 4 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$316K |
| 5 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$312K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$363K |
| 2 |
NDSI
Newman Dignan & Sheerar Inc
Providence,
Rhode Island
|
-$320K |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$295K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$111K |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$84.8K |
MHF Hedge Fund Activity: Q3 2023 in Review
47 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in Western Asset Municipal High Income Fund (MHF) for Q3 2023, worth a combined $41.8M — up 1.1% from $41.4M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new MHF positions and 3 closed out — a net gain of 1 holder — while 21 added to existing stakes and 12 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $1.17M. The largest seller was Morgan Stanley, cutting an estimated $363K.
- 47 institutional investors held Western Asset Municipal High Income Fund (MHF) as of Q3 2023, up from 46 in Q2 2023.
- Funds reported $41.8M of Western Asset Municipal High Income Fund stock for Q3 2023, up 1.1% quarter-over-quarter.
- 4 funds opened new Western Asset Municipal High Income Fund positions in Q3 2023 and 3 closed out, a net change of +1 holder.
- The largest Western Asset Municipal High Income Fund buyer in Q3 2023 was Rivernorth Capital Management, an estimated $1.17M added.
- The largest Western Asset Municipal High Income Fund seller in Q3 2023 was Morgan Stanley, an estimated $363K sold.
Based on aggregated 13F filings for Q3 2023.