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MHF

Western Asset Municipal High Income Fund
MHF

47 hedge funds and large institutions have $33.4M invested in Western Asset Municipal High Income Fund in 2025 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 15 increasing their positions, 10 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

250% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 2

50% more repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 10

12% more funds holding

Funds holding: 42 → 47 (+5)

6% more capital invested

Capital invested by funds: $31.5M → $33.4M (+$1.94M)

0.42% more ownership

Funds ownership: 20.92% → 21.34% (+0.42%)

Holders
47
Holders Change
+5
Holders Change %
+11.9%
% of All Funds
0.62%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
7
Increased
15
Reduced
10
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
LPL Financial
LPL Financial
California
+$1.05M
2
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$429K
3
ATPW
Ashton Thomas Private Wealth
Arizona
+$241K
4
Jones Financial Companies
Jones Financial Companies
Missouri
+$170K
5
Jane Street
Jane Street
New York
+$99.7K

Top Sellers

Rank Fund Capital Flow
1
HWAM
Hennion & Walsh Asset Management
New Jersey
-$699K
2
Morgan Stanley
Morgan Stanley
New York
-$539K
3
Balyasny Asset Management
Balyasny Asset Management
Illinois
-$194K
4
RIL
Rothschild Investment LLC
Illinois
-$175K
5
Northwestern Mutual Wealth Management
Northwestern Mutual Wealth Management
Wisconsin
-$114K
Name Holding Trade Value Shares
Change 		Change in
Stake
Commonwealth Equity Services
26
Commonwealth Equity Services
Massachusetts
$156K +$10.1K +1,443 +7%
WAP
27
Wealthcare Advisory Partners
Pennsylvania
$151K – – –
Cetera Investment Advisers
28
Cetera Investment Advisers
Illinois
$148K +$50.2K +7,155 +54%
CWM
29
Collaborative Wealth Management
Florida
$141K – – –
PI
30
PFG Investments
New York
$104K – – –
SPIA
31
Steward Partners Investment Advisory
New York
$103K +$33.2K +4,739 +50%
Jane Street
32
Jane Street
New York
$103K +$99.7K +14,215 New
WIA
33
World Investment Advisors
California
$101K +$98.3K +14,010 New
FSA
34
Fort Sheridan Advisors
Illinois
$91.1K – – –
Northwestern Mutual Wealth Management
35
Northwestern Mutual Wealth Management
Wisconsin
$86.6K -$114K -16,239 -58%
VIPI
36
Vista Investment Partners II
Indiana
$85.8K – – –
PAS
37
PKS Advisory Services
New York
$79.5K -$21K -3,000 -21%
PAG
38
Private Advisor Group
New Jersey
$73K +$70.8K +10,101 New
SPF
39
South Plains Financial
Texas
$72.1K – – –
IAIM
40
International Assets Investment Management
Florida
$70.6K +$70.3K +10,021 New
Royal Bank of Canada
41
Royal Bank of Canada
Ontario, Canada
$67K -$6.55K -934 -9%
Osaic Holdings
42
Osaic Holdings
Arizona
$50.9K – – –
RIL
43
Rothschild Investment LLC
Illinois
$50.6K -$175K -25,000 -78%
BCWM
44
Bartlett & Co Wealth Management
Ohio
$30.7K +$12.1K +1,720 +69%
AF
45
Allworth Financial
California
$9.04K – – –
FIA
46
FNY Investment Advisers
New York
$1K – – –
SIS
47
Sound Income Strategies
Florida
$383 +$386 +55 New
Balyasny Asset Management
48
Balyasny Asset Management
Illinois
– -$194K -27,943 Closed
M
49
MOTCO
Texas
– -$10.2K -1,504 Closed
1
2

MHF Hedge Fund Activity: Q3 2025 in Review

47 of the 7,621 institutional investors tracked by Wall St. Rank reported a position in Western Asset Municipal High Income Fund (MHF) for Q3 2025, worth a combined $33.4M — up 6.2% from $31.5M a quarter earlier.

Buyers outnumbered sellers: 7 funds opened new MHF positions and 2 closed out — a net gain of 5 holders — while 15 added to existing stakes and 10 trimmed.

The largest buyer was LPL Financial, adding an estimated $1.05M. The largest seller was Hennion & Walsh Asset Management, cutting an estimated $699K.

  • 47 institutional investors held Western Asset Municipal High Income Fund (MHF) as of Q3 2025, up from 42 in Q2 2025.
  • Funds reported $33.4M of Western Asset Municipal High Income Fund stock for Q3 2025, up 6.2% quarter-over-quarter.
  • 7 funds opened new Western Asset Municipal High Income Fund positions in Q3 2025 and 2 closed out, a net change of +5 holders.
  • The largest Western Asset Municipal High Income Fund buyer in Q3 2025 was LPL Financial, an estimated $1.05M added.
  • The largest Western Asset Municipal High Income Fund seller in Q3 2025 was Hennion & Walsh Asset Management, an estimated $699K sold.

Based on aggregated 13F filings for Q3 2025.