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MHF

Western Asset Municipal High Income Fund
MHF

44 hedge funds and large institutions have $32.4M invested in Western Asset Municipal High Income Fund in 2025 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 13 increasing their positions, 10 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

30% more repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 10

7% more capital invested

Capital invested by funds: $30.4M → $32.4M (+$2.05M)

0.42% less ownership

Funds ownership: 20.65% → 20.22% (-0.42%)

17% less funds holding

Funds holding: 53 → 44 (-9)

82% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 11

Holders
44
Holders Change
-9
Holders Change %
-16.98%
% of All Funds
0.59%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
2
Increased
13
Reduced
10
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
+$553K
2
OWP
ORG Wealth Partners
Texas
+$497K
3
Invesco
Invesco
Georgia
+$468K
4
LPL Financial
LPL Financial
California
+$448K
5
Northwestern Mutual Wealth Management
Northwestern Mutual Wealth Management
Wisconsin
+$121K

Top Sellers

Rank Fund Capital Flow
1
TIM
Tortoise Investment Management
New York
-$724K
2
OP
ORG Partners
Indiana
-$458K
3
Bank of America
Bank of America
North Carolina
-$298K
4
VanEck Associates
VanEck Associates
New York
-$285K
5
Wells Fargo
Wells Fargo
California
-$176K
Name Holding Trade Value Shares
Change 		Change in
Stake
Royal Bank of Canada
26
Royal Bank of Canada
Ontario, Canada
$168K +$292 +40 +0.2%
FAG
27
Fortitude Advisory Group
Washington
$160K – – –
PI
28
PFG Investments
New York
$148K – – –
CWM
29
Collaborative Wealth Management
Florida
$145K – – –
WAP
30
Wealthcare Advisory Partners
Pennsylvania
$132K +$51.1K +7,000 +65%
Comerica Bank
31
Comerica Bank
Texas
$111K – – –
PAS
32
PKS Advisory Services
New York
$104K – – –
Commonwealth Equity Services
33
Commonwealth Equity Services
Massachusetts
$102K +$745 +102 +0.7%
FSA
34
Fort Sheridan Advisors
Illinois
$93.4K – – –
VIPI
35
Vista Investment Partners II
Indiana
$87.9K – – –
CAPTRUST Financial Advisors
36
CAPTRUST Financial Advisors
North Carolina
$81.7K – – –
CAL
37
Capital Analysts LLC
Pennsylvania
$78K – – –
SPIA
38
Steward Partners Investment Advisory
New York
$75.8K +$438 +60 +0.6%
SPF
39
South Plains Financial
Texas
$73.9K – – –
Osaic Holdings
40
Osaic Holdings
Arizona
$25.4K – – –
BCWM
41
Bartlett & Co Wealth Management
Ohio
$18.6K – – –
M
42
MOTCO
Texas
$16.9K – – –
US Bancorp
43
US Bancorp
Minnesota
$5.28K – – –
FIA
44
FNY Investment Advisers
New York
$1K +$1.46K +200 New
TIM
45
Tortoise Investment Management
New York
– -$724K -106,408 Closed
OP
46
ORG Partners
Indiana
– -$458K -67,309 Closed
1CP
47
1607 Capital Partners
Virginia
– -$170K -24,976 Closed
Wealth Enhancement Advisory Services
48
Wealth Enhancement Advisory Services
Minnesota
– -$131K -19,208 Closed
IAA
49
Independent Advisor Alliance
North Carolina
– -$128K -18,890 Closed
GS
50
GTS Securities
New York
– -$88.4K -13,000 Closed
1
2
3

MHF Hedge Fund Activity: Q1 2025 in Review

44 of the 7,458 institutional investors tracked by Wall St. Rank reported a position in Western Asset Municipal High Income Fund (MHF) for Q1 2025, worth a combined $32.4M — up 6.8% from $30.4M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of MHF and 2 opened new positions — a net loss of 9 holders — while 10 trimmed existing stakes and 13 added.

The largest buyer was Guggenheim Capital, adding an estimated $553K. The largest seller was Tortoise Investment Management, exiting entirely with an estimated $724K sold.

  • 44 institutional investors held Western Asset Municipal High Income Fund (MHF) as of Q1 2025, down from 53 in Q4 2024.
  • Funds reported $32.4M of Western Asset Municipal High Income Fund stock for Q1 2025, up 6.8% quarter-over-quarter.
  • 2 funds opened new Western Asset Municipal High Income Fund positions in Q1 2025 and 11 closed out, a net change of -9 holders.
  • The largest Western Asset Municipal High Income Fund buyer in Q1 2025 was Guggenheim Capital, an estimated $553K added.
  • The largest Western Asset Municipal High Income Fund seller in Q1 2025 was Tortoise Investment Management, an estimated $724K sold.

Based on aggregated 13F filings for Q1 2025.