Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Western Asset Mun High Incom (MHF)

47 + Investors. Track Smart Money conviction in MHF. See who's accumulating, reducing, or initiating positions.

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Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -2
Streak
1Q ▼
Buyers last Q
55%

Smart Money Signals — MHF

Based on 47 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their MHF positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 92% of 3.0Y peak

92% of all-time peak
47 funds currently hold this stock — 92% of the 3.0-year high of 51 funds (reached 2023 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📶

Steady growth — +9% more funds vs a year ago

fund count last 6Q
+4 new funds entered over the past year (+9% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 55% buying

21 buying17 selling
Last quarter: 21 funds bought or added vs 17 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
⚠️

Fewer new buyers each quarter (-6 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 4 → 7 → 9 → 3. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

64% of holders stayed for 2+ years

64% conviction (2yr+) 19% medium 17% new
30 out of 47 hedge funds have held MHF for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
➡️

Steady discovery — ~3 new funds/quarter

2 → 4 → 7 → 9 → 3 new funds/Q
New funds entering each quarter: 4 → 7 → 9 → 3. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Deep conviction — 66% of holders stayed 2+ years

66% veterans 19% 1-2yr 15% new
Of 47 current holders: 31 (66%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.

Strong quality — 36% AUM from major funds

36% from top-100 AUM funds
11 of 47 holders rank in the top 100 by AUM, accounting for 36% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.2
out of 10
Low Exit Risk
Exit risk score 3.2/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — MHF

In 2026 Q1, 21 hedge funds were net buyers of MHF (3 opened a new position, 18 added to an existing one), while 17 reduced or exited (12 trimmed, 5 sold completely) — a 55% buyer ratio, indicating a slight buying edge. 36% of total institutional value in MHF is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -2 funds (more exits than new entries). Total institutional holders: 47.

Hedge Fund Ownership: MHF

How many hedge funds hold MHF — quarterly history vs. share price
Quarterly hedge fund ownership of MHF vs. share price

Market Analysis: MHF

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: MHF

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Western Asset Mun High Incom (MHF) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much MHF has moved relative to its sector benchmark (XLF) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 81d ago
MHF
nan%
XLF
+8.5%

MHF outperformed XLF by nan% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 36d ago
MHF
nan%
XLF
+4.8%

Since the filing became public, MHF outperformed XLF by nan% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

2 top-rated funds 0 high-conviction
Consensus
2.1
/ 10
breadth
×
Elite
0.2
/ 10
conviction
Hedge Fund Positioning: MHF
47 + Investors

Track Smart Money conviction in MHF. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 47 49 -4.08%
13F Shares 5M 5M -0.36%
Total Value $33M $35M -5.46%
New Positions 3 9 -6
Increased Positions 18 15 +3
Closed Positions 5 7 -2
Reduced Positions 12 10 +2
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: MHF

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Institutional Holders (2026 Q1)

47 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in MHF. Verified SEC 13F-HR filings.

QUARTER:
Top 25 MHF holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Melfa Wealth Management, INC. 0.25% 63,214 $439K
2 Titleist Asset Management, LLC 0.23% 439,899 $3.1M
3 Redwood Family Wealth LLC 0.17% 25,797 $179K
4 Quad-Cities Investment Group, LLC 0.13% 45,697 $317K
5 Ascentis Wealth Management, LLC 0.12% 90,462 $628K
6 Fortitude Advisory Group L.L.C. 0.09% 27,652 $192K
7 Gill Capital Partners, LLC 0.07% 37,026 $257K
8 Hennion & Walsh Asset Management, Inc. 0.07% 307,961 $2.1M
9 Collaborative Wealth Managment Inc. 0.05% 15,000 $104K
10 Vista Investment Partners II, LLC 0.04% 11,869 $82K
11 Astoria Portfolio Advisors LLC. 0.03% 17,402 $119K
12 Guggenheim Capital LLC 0.02% 338,889 $2.4M
13 Fort Sheridan Advisors LLC 0.01% 12,600 $87K
14 HUB Investment Partners, LLC 0.00% 30,000 $208K
15 International Assets Investment Management, LLC 0.00% 10,046 $70K
16 PFG Investments, LLC 0.00% 14,337 $99K
17 Stratos Wealth Partners, LTD. 0.00% 44,300 $307K
18 Summit Trail Advisors, LLC 0.00% 33,693 $234K
19 Wealthcare Advisory Partners LLC 0.00% 20,850 $145K
20 Rothschild Investment LLC 0.00% 7,000 $49K
21 Mutual Advisors, LLC 0.00% 16,000 $111K
22 Raymond James Financial Inc 0.00% 1,042,770 $7.2M
23 Fiera Capital Corp 0.00% 73,213 $508K
24 Wolverine Asset Management LLC 0.00% 25,025 $174K
25 World Investment Advisors 0.00% 12,010 $83K
Investor Ownership
History
% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Western Asset Mun High Incom (MHF)

What does the Smart Money Trend signal show for MHF?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their MHF positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for MHF?

Slight buying edge — 55% buying: Last quarter: 21 funds bought or added vs 17 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for MHF holders?

Strong quality — 36% AUM from major funds: 11 of 47 holders rank in the top 100 by AUM, accounting for 36% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held MHF?

64% of holders stayed for 2+ years: 30 out of 47 hedge funds have held MHF for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Western Asset Mun High Incom (MHF) following the 2026 Q1 hedge fund 13F filings?

As of today, MHF has moved nan% since the 2026 Q1 13F filing date (May 15, 2026), compared to +4.8% for the XLF sector ETF — an outperformance of nan%. Since the quarter end (March 31, 2026), MHF has gained nan% vs +8.5% for XLF. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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