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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TAM
Titleist Asset Management
San Antonio,
Texas
|
+$2.91M |
| 2 |
LPL Financial
San Diego,
California
|
+$396K |
| 3 |
Raymond James Financial
St Petersburg,
Florida
|
+$380K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$265K |
| 5 |
MG
Marex Group
London,
|
+$161K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PFS
Prospera Financial Services
Dallas,
Texas
|
-$1.2M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
-$442K |
| 3 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
-$176K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$157K |
| 5 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
-$148K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
51
Envestnet Asset Management
Chicago,
Illinois
| – | -$442K | -61,107 | Closed |
|
|
52
Cetera Investment Advisers
Schaumburg,
Illinois
| – | -$148K | -20,451 | Closed |
|
53
Jane Street
New York
| – | -$103K | -14,215 | Closed |
|
|
PAG
54
Private Advisor Group
Morristown,
New Jersey
| – | -$73K | -10,101 | Closed |
|
|
SPF
55
South Plains Financial
Lubbock,
Texas
| – | -$72.1K | -9,969 | Closed |
|
|
FIA
56
FNY Investment Advisers
New York
| – | -$1K | -200 | Closed |
|
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.