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MHF

Western Asset Municipal High Income Fund
MHF

49 hedge funds and large institutions have $34.6M invested in Western Asset Municipal High Income Fund in 2025 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 15 increasing their positions, 10 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 10

29% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 7

4% more funds holding

Funds holding: 47 → 49 (+2)

1.89% more ownership

Funds ownership: 21.34% → 23.24% (+1.9%)

4% more capital invested

Capital invested by funds: $33.4M → $34.6M (+$1.2M)

Holders
49
Holders Change
+2
Holders Change %
+4.26%
% of All Funds
0.6%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
9
Increased
15
Reduced
10
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
TAM
Titleist Asset Management
Texas
+$2.91M
2
LPL Financial
LPL Financial
California
+$396K
3
Raymond James Financial
Raymond James Financial
Florida
+$380K
4
WAM
Wolverine Asset Management
Illinois
+$265K
5
MG
Marex Group
+$161K

Top Sellers

Rank Fund Capital Flow
1
PFS
Prospera Financial Services
Texas
-$1.2M
2
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$442K
3
HWAM
Hennion & Walsh Asset Management
New Jersey
-$176K
4
GC
Guggenheim Capital
Illinois
-$157K
5
Cetera Investment Advisers
Cetera Investment Advisers
Illinois
-$148K
Name Holding Trade Value Shares
Change 		Change in
Stake
RFW
26
Redwood Family Wealth
Texas
$177K +$181K +25,797 New
Commonwealth Equity Services
27
Commonwealth Equity Services
Massachusetts
$161K +$12.9K +1,839 +9%
MG
28
Marex Group
$158K +$161K +23,030 New
XT
29
XTX Topco
Cayman Islands
$151K +$154K +21,966 New
WAP
30
Wealthcare Advisory Partners
Pennsylvania
$143K – – –
SPIA
31
Steward Partners Investment Advisory
New York
$122K +$24.2K +3,452 +24%
APA
32
Astoria Portfolio Advisors
New York
$119K +$121K +17,232 New
CWM
33
Collaborative Wealth Management
Florida
$103K -$32K -4,565 -23%
PI
34
PFG Investments
New York
$98.6K – – –
WIA
35
World Investment Advisors
California
$96.4K – – –
Susquehanna International Group
36
Susquehanna International Group
Pennsylvania
$90.4K +$92K +13,139 New
FSA
37
Fort Sheridan Advisors
Illinois
$86.7K – – –
VIPI
38
Vista Investment Partners II
Indiana
$81.7K – – –
PAS
39
PKS Advisory Services
New York
$75.7K – – –
Osaic Holdings
40
Osaic Holdings
Arizona
$75.3K +$25.4K +3,624 +49%
Wealth Enhancement Advisory Services
41
Wealth Enhancement Advisory Services
Minnesota
$73.2K +$74.5K +10,636 New
IAIM
42
International Assets Investment Management
Florida
$68.9K – – –
Northwestern Mutual Wealth Management
43
Northwestern Mutual Wealth Management
Wisconsin
$65.9K -$16.8K -2,393 -20%
Royal Bank of Canada
44
Royal Bank of Canada
Ontario, Canada
$64K +$616 +88 +1%
RIL
45
Rothschild Investment LLC
Illinois
$48.2K – – –
KAS
46
Kestra Advisory Services
Texas
$42.7K +$43.4K +6,200 New
BCWM
47
Bartlett & Co Wealth Management
Ohio
$29K – – –
AF
48
Allworth Financial
California
$8.6K – – –
SIS
49
Sound Income Strategies
Florida
$382 – – –
PFS
50
Prospera Financial Services
Texas
– -$1.2M -166,418 Closed
1
2
3

MHF Hedge Fund Activity: Q4 2025 in Review

49 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Western Asset Municipal High Income Fund (MHF) for Q4 2025, worth a combined $34.6M — up 3.6% from $33.4M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new MHF positions and 7 closed out — a net gain of 2 holders — while 15 added to existing stakes and 10 trimmed.

The largest buyer was Titleist Asset Management, opening a new position worth an estimated $2.91M. The largest seller was Prospera Financial Services, exiting entirely with an estimated $1.2M sold.

  • 49 institutional investors held Western Asset Municipal High Income Fund (MHF) as of Q4 2025, up from 47 in Q3 2025.
  • Funds reported $34.6M of Western Asset Municipal High Income Fund stock for Q4 2025, up 3.6% quarter-over-quarter.
  • 9 funds opened new Western Asset Municipal High Income Fund positions in Q4 2025 and 7 closed out, a net change of +2 holders.
  • The largest Western Asset Municipal High Income Fund buyer in Q4 2025 was Titleist Asset Management, an estimated $2.91M added.
  • The largest Western Asset Municipal High Income Fund seller in Q4 2025 was Prospera Financial Services, an estimated $1.2M sold.

Based on aggregated 13F filings for Q4 2025.