WESTERN ASSET MUN HIGH INCOM MHF
COM · Closed-End Fund · CUSIP 95766N103
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $6.88.
Trends to Q4 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 48 |
| Q4 2022 | 55 |
| Q1 2023 | 50 |
| Q2 2023 | 47 |
| Q3 2023 | 48 |
| Q4 2023 | 54 |
| Q1 2024 | 50 |
| Q2 2024 | 50 |
| Q3 2024 | 51 |
| Q4 2024 | 54 |
| Q1 2025 | 45 |
| Q2 2025 | 43 |
| Q3 2025 | 47 |
| Q4 2025 | 49 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q1 2024 | 19 | 23 |
| Q2 2024 | 20 | 23 |
| Q3 2024 | 23 | 22 |
| Q4 2024 | 18 | 16 |
| Q1 2025 | 15 | 21 |
| Q2 2025 | 17 | 19 |
| Q3 2025 | 22 | 12 |
| Q4 2025 | 23 | 17 |
Biggest buyers
| TITLEIST ASSET MANAGEMENT, LLC | New | +416.1k |
| LPL Financial LLC | Added | +56.5k |
| RAYMOND JAMES FINANCIAL INC | Added | +54.2k |
| WOLVERINE ASSET MANAGEMENT LLC | New | +37.9k |
| Marex Group Ltd | New | +23.0k |
| XTX Topco Ltd | New | +22.0k |
| Astoria Portfolio Advisors LLC. | New | +17.2k |
| VAN ECK ASSOCIATES CORP | Added | +16.8k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | +13.1k |
| Stratos Wealth Partners, LTD. | Added | +13.0k |
Biggest sellers
| Prospera Financial Services Inc | Sold out | -166.4k |
| ENVESTNET ASSET MANAGEMENT INC | Sold out | -61.1k |
| Hennion & Walsh Asset Management, Inc. | Reduced | -25.1k |
| GUGGENHEIM CAPITAL LLC | Reduced | -22.4k |
| Cetera Investment Advisers | Sold out | -20.5k |
| JANE STREET GROUP, LLC | Sold out | -14.2k |
| Private Advisor Group, LLC | Sold out | -10.1k |
| SOUTH PLAINS FINANCIAL, INC. | Sold out | -10.0k |
| Collaborative Wealth Managment Inc. | Reduced | -4.6k |
| GILL CAPITAL PARTNERS, LLC | Reduced | -3.4k |
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
No one currently above 5% in the filings since 19 Dec 2024.
Fell to 5% or below in the last year: FIRST TRUST PORTFOLIOS LP (4.1%, 2026-04-30)
Insider purchases and sales in Q4 2025
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 1 | $10.7k | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
None reported in Q4 2025.
Holders, Q4 2025
| Manager | Shares | Change |
|---|---|---|
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 1.1m $7.6m | Added +54.2k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 597.3k $4.1m | Added +12.1k |
| GUGGENHEIM CAPITAL LLC 0.02% of their portfolio | 473.1k $3.3m | Reduced -22.4k |
| TITLEIST ASSET MANAGEMENT, LLC 0.23% of their portfolio | 416.1k $2.9m | New |
| LPL Financial LLC 0.00% of their portfolio | 389.6k $2.7m | Added +56.5k |
| MORGAN STANLEY 0.00% of their portfolio | 352.7k $2.4m | Reduced -2.6k |
| Hennion & Walsh Asset Management, Inc. 0.07% of their portfolio | 310.1k $2.1m | Reduced -25.1k |
| JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio | 124.6k $857.5k | Added +4.9k |
| Rockefeller Capital Management L.P. 0.00% of their portfolio | 121.5k $835.9k | Unchanged |
| VAN ECK ASSOCIATES CORP 0.00% of their portfolio | 96.3k $662.0k | Added +16.8k |
| Ascentis Wealth Management, LLC 0.14% of their portfolio | 89.4k $614.9k | Added +10.0k |
| Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio | 88.0k $605.0k | Reduced -2.8k |
| Janney Montgomery Scott LLC 0.00% of their portfolio | 64.1k $441.0k | Reduced -3.4k |
| MELFA WEALTH MANAGEMENT, INC. 0.25% of their portfolio | 63.2k $434.9k | Unchanged |
| Invesco Ltd. 0.00% of their portfolio | 62.8k $432.2k | Reduced -159 |
| HighTower Advisors, LLC 0.00% of their portfolio | 47.1k $324.2k | Added +451 |
| Quad-Cities Investment Group, LLC 0.13% of their portfolio | 45.2k $310.9k | Reduced -26 |
| Stratos Wealth Partners, LTD. 0.00% of their portfolio | 40.3k $277.3k | Added +13.0k |
| Ashton Thomas Private Wealth, LLC 0.01% of their portfolio | 40.1k $275.9k | Added +5.7k |
| UBS Group AG 0.00% of their portfolio | 38.8k $266.8k | Unchanged |
| WOLVERINE ASSET MANAGEMENT LLC 0.00% of their portfolio | 37.9k $260.5k | New |
| GILL CAPITAL PARTNERS, LLC 0.08% of their portfolio | 37.0k $254.7k | Reduced -3.4k |
| HUB Investment Partners, LLC 0.01% of their portfolio | 30.0k $206.4k | Unchanged |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 27.8k $190.9k | Added +1 |
| Fortitude Advisory Group L.L.C. 0.08% of their portfolio | 27.7k $190.2k | Added +4.7k |
| Redwood Family Wealth LLC 0.18% of their portfolio | 25.8k $177.5k | First filing |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 23.4k $161.2k | Added +1.8k |
| Marex Group Ltd 0.00% of their portfolio | 23.0k $158.4k | New |
| XTX Topco Ltd 0.00% of their portfolio | 22.0k $151.1k | New |
| Wealthcare Advisory Partners LLC 0.00% of their portfolio | 20.9k $143.4k | Unchanged |
| Steward Partners Investment Advisory, LLC 0.00% of their portfolio | 17.7k $122.0k | Added +3.5k |
| Astoria Portfolio Advisors LLC. 0.03% of their portfolio | 17.2k $119.2k | New |
| Collaborative Wealth Managment Inc. 0.04% of their portfolio | 15.0k $103.2k | Reduced -4.6k |
| PFG Investments, LLC 0.00% of their portfolio | 14.3k $98.6k | Unchanged |
| World Investment Advisors 0.00% of their portfolio | 14.0k $96.4k | Unchanged |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 13.1k $90.4k | New |
| Fort Sheridan Advisors LLC 0.01% of their portfolio | 12.6k $86.7k | Unchanged |
| VISTA INVESTMENT PARTNERS II, LLC 0.04% of their portfolio | 11.9k $81.7k | Unchanged |
| PKS Advisory Services, LLC 0.02% of their portfolio | 11.0k $75.7k | Unchanged |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 10.9k $75.3k | Added +3.6k |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio | 10.6k $73.2k | New |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.00% of their portfolio | 10.0k $68.9k | Unchanged |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio | 9.6k $65.9k | Reduced -2.4k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 9.3k $64.0k | Added +88 |
| ROTHSCHILD INVESTMENT LLC 0.00% of their portfolio | 7.0k $48.2k | Unchanged |
| Kestra Advisory Services, LLC 0.00% of their portfolio | 6.2k $42.7k | New |
| BARTLETT & CO. WEALTH MANAGEMENT LLC 0.00% of their portfolio | 4.2k $29.0k | Unchanged |
| Allworth Financial LP 0.00% of their portfolio | 1.2k $8.6k | Unchanged |
| Sound Income Strategies, LLC 0.00% of their portfolio | 55 $382 | Unchanged |