Vault-13

WESTERN ASSET MUN HIGH INCOM MHF

COM · Closed-End Fund · CUSIP 95766N103

49 institutional holders +2 vs Q3 2025
5,032,5255.0m shares reported held*
$34.6mreported value*
8 new 15 added 10 reduced 7 sold out net bought ≈ $2.6m (+384.2k shares)

* 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

0204060Q3 22: 48Q4 22: 55Q1 23: 50Q2 23: 47Q3 23: 48Q4 23: 54Q1 24: 50Q2 24: 50Q3 24: 51Q4 24: 54Q1 25: 45Q2 25: 43Q3 25: 47Q4 25: 4949Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 202248
Q4 202255
Q1 202350
Q2 202347
Q3 202348
Q4 202354
Q1 202450
Q2 202450
Q3 202451
Q4 202454
Q1 202545
Q2 202543
Q3 202547
Q4 202549

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
40040Q1 24: 19 bought or addedQ1 24: 23 cut or sold outQ2 24: 20 bought or addedQ2 24: 23 cut or sold outQ2 24Q3 24: 23 bought or addedQ3 24: 22 cut or sold outQ4 24: 18 bought or addedQ4 24: 16 cut or sold outQ4 24Q1 25: 15 bought or addedQ1 25: 21 cut or sold outQ2 25: 17 bought or addedQ2 25: 19 cut or sold outQ2 25Q3 25: 22 bought or addedQ3 25: 12 cut or sold outQ4 25: 23 bought or addedQ4 25: 17 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20241923
Q2 20242023
Q3 20242322
Q4 20241816
Q1 20251521
Q2 20251719
Q3 20252212
Q4 20252317

Biggest buyers

TITLEIST ASSET MANAGEMENT, LLC New +416,080+416.1k
LPL Financial LLC Added +56,526+56.5k
RAYMOND JAMES FINANCIAL INC Added +54,224+54.2k
WOLVERINE ASSET MANAGEMENT LLC New +37,870+37.9k
Marex Group Ltd New +23,030+23.0k
XTX Topco Ltd New +21,966+22.0k
Astoria Portfolio Advisors LLC. New +17,232+17.2k
VAN ECK ASSOCIATES CORP Added +16,843+16.8k
SUSQUEHANNA INTERNATIONAL GROUP, LLP New +13,139+13.1k
Stratos Wealth Partners, LTD. Added +13,000+13.0k

Biggest sellers

Prospera Financial Services Inc Sold out -166,418-166.4k
ENVESTNET ASSET MANAGEMENT INC Sold out -61,107-61.1k
Hennion & Walsh Asset Management, Inc. Reduced -25,148-25.1k
GUGGENHEIM CAPITAL LLC Reduced -22,365-22.4k
Cetera Investment Advisers Sold out -20,451-20.5k
JANE STREET GROUP, LLC Sold out -14,215-14.2k
Private Advisor Group, LLC Sold out -10,101-10.1k
SOUTH PLAINS FINANCIAL, INC. Sold out -9,969-10.0k
Collaborative Wealth Managment Inc. Reduced -4,565-4.6k
GILL CAPITAL PARTNERS, LLC Reduced -3,448-3.4k

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)

BuyingSelling
101Q1 24: 0 buyingQ1 24: 0 sellingQ2 24: 0 buyingQ2 24: 0 sellingQ2 24Q3 24: 0 buyingQ3 24: 0 sellingQ4 24: 0 buyingQ4 24: 0 sellingQ4 24Q1 25: 0 buyingQ1 25: 0 sellingQ2 25: 1 buyingQ2 25: 0 sellingQ2 25Q3 25: 0 buyingQ3 25: 0 sellingQ4 25: 0 buyingQ4 25: 0 sellingQ4 25
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q1 20240—0——
Q2 20240—0——
Q3 20240—0——
Q4 20240—0——
Q1 20250—0——
Q2 20251$10.7k0——
Q3 20250—0——
Q4 20250—0——

None reported in Q4 2025.

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 1,100,7721.1m $7.6m $7.6m 0.00% Added +54.2k +54,224
2 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 597,331597.3k $4.1m $4.1m 0.00% Added +12.1k +12,116
3 GUGGENHEIM CAPITAL LLC 0.02% of their portfolio CHICAGO, IL 473,057473.1k $3.3m $3.3m 0.02% Reduced -22.4k -22,365
4 TITLEIST ASSET MANAGEMENT, LLC 0.23% of their portfolio SAN ANTONIO, TX 416,080416.1k $2.9m $2.9m 0.23% New
5 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 389,642389.6k $2.7m $2.7m 0.00% Added +56.5k +56,526
6 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 352,696352.7k $2.4m $2.4m 0.00% Reduced -2.6k -2,582
7 Hennion & Walsh Asset Management, Inc. 0.07% of their portfolio Parsippany, NJ 310,074310.1k $2.1m $2.1m 0.07% Reduced -25.1k -25,148
8 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 124,637124.6k $857.5k $857.5k 0.00% Added +4.9k +4,896
9 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 121,500121.5k $835.9k $835.9k 0.00% Unchanged
10 VAN ECK ASSOCIATES CORP 0.00% of their portfolio NEW YORK, NY 96,28396.3k $662.0k $662.0k 0.00% Added +16.8k +16,843
11 Ascentis Wealth Management, LLC 0.14% of their portfolio DALLAS, TX 89,36789.4k $614.9k $614.9k 0.14% Added +10.0k +9,970
12 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 87,99588.0k $605.0k $605.0k 0.00% Reduced -2.8k -2,786
13 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 64,06164.1k $441.0k $441.0k 0.00% Reduced -3.4k -3,417
14 MELFA WEALTH MANAGEMENT, INC. 0.25% of their portfolio WESTBOROUGH, MA 63,21463.2k $434.9k $434.9k 0.25% Unchanged
15 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 62,82462.8k $432.2k $432.2k 0.00% Reduced -159 -159
16 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 47,12547.1k $324.2k $324.2k 0.00% Added +451 +451
17 Quad-Cities Investment Group, LLC 0.13% of their portfolio DAVENPORT, IA 45,18945.2k $310.9k $310.9k 0.13% Reduced -26 -26
18 Stratos Wealth Partners, LTD. 0.00% of their portfolio BEACHWOOD, OH 40,30040.3k $277.3k $277.3k 0.00% Added +13.0k +13,000
19 Ashton Thomas Private Wealth, LLC 0.01% of their portfolio SCOTTSDALE, AZ 40,09740.1k $275.9k $275.9k 0.01% Added +5.7k +5,680
20 UBS Group AG 0.00% of their portfolio ZURICH, V8 38,77938.8k $266.8k $266.8k 0.00% Unchanged
21 WOLVERINE ASSET MANAGEMENT LLC 0.00% of their portfolio CHICAGO, IL 37,87037.9k $260.5k $260.5k 0.00% New
22 GILL CAPITAL PARTNERS, LLC 0.08% of their portfolio DENVER, CO 37,02637.0k $254.7k $254.7k 0.08% Reduced -3.4k -3,448
23 HUB Investment Partners, LLC 0.01% of their portfolio AUSTIN, TX 30,00030.0k $206.4k $206.4k 0.01% Unchanged
24 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 27,75327.8k $190.9k $190.9k 0.00% Added +1 +1
25 Fortitude Advisory Group L.L.C. 0.08% of their portfolio GIG HARBOR, WA 27,65227.7k $190.2k $190.2k 0.08% Added +4.7k +4,702
26 Redwood Family Wealth LLC 0.18% of their portfolio ADDISON, TX 25,79725.8k $177.5k $177.5k 0.18% First filing
27 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 23,43223.4k $161.2k $161.2k 0.00% Added +1.8k +1,839
28 Marex Group Ltd 0.00% of their portfolio London, X0 23,03023.0k $158.4k $158.4k 0.00% New
29 XTX Topco Ltd 0.00% of their portfolio LONDON, X0 21,96622.0k $151.1k $151.1k 0.00% New
30 Wealthcare Advisory Partners LLC 0.00% of their portfolio WEST CHESTER, PA 20,85020.9k $143.4k $143.4k 0.00% Unchanged
31 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 17,72617.7k $122.0k $122.0k 0.00% Added +3.5k +3,452
32 Astoria Portfolio Advisors LLC. 0.03% of their portfolio NEW YORK, NY 17,23217.2k $119.2k $119.2k 0.03% New
33 Collaborative Wealth Managment Inc. 0.04% of their portfolio LAKE MARY, FL 15,00015.0k $103.2k $103.2k 0.04% Reduced -4.6k -4,565
34 PFG Investments, LLC 0.00% of their portfolio WOODBURY, NY 14,33714.3k $98.6k $98.6k 0.00% Unchanged
35 World Investment Advisors 0.00% of their portfolio LINCROFT, NJ 14,01014.0k $96.4k $96.4k 0.00% Unchanged
36 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 13,13913.1k $90.4k $90.4k 0.00% New
37 Fort Sheridan Advisors LLC 0.01% of their portfolio HIGHLAND PARK, IL 12,60012.6k $86.7k $86.7k 0.01% Unchanged
38 VISTA INVESTMENT PARTNERS II, LLC 0.04% of their portfolio RICHMOND, IN 11,86911.9k $81.7k $81.7k 0.04% Unchanged
39 PKS Advisory Services, LLC 0.02% of their portfolio ALBANY, NY 11,00011.0k $75.7k $75.7k 0.02% Unchanged
40 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 10,94710.9k $75.3k $75.3k 0.00% Added +3.6k +3,624
41 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 10,63610.6k $73.2k $73.2k 0.00% New
42 INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.00% of their portfolio ORLANDO, FL 10,02110.0k $68.9k $68.9k 0.00% Unchanged
43 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 9,5809.6k $65.9k $65.9k 0.00% Reduced -2.4k -2,393
44 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 9,3049.3k $64.0k $64.0k 0.00% Added +88 +88
45 ROTHSCHILD INVESTMENT LLC 0.00% of their portfolio CHICAGO, IL 7,0007.0k $48.2k $48.2k 0.00% Unchanged
46 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 6,2006.2k $42.7k $42.7k 0.00% New
47 BARTLETT & CO. WEALTH MANAGEMENT LLC 0.00% of their portfolio CINCINNATI, OH 4,2204.2k $29.0k $29.0k 0.00% Unchanged
48 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 1,2501.2k $8.6k $8.6k 0.00% Unchanged
49 Sound Income Strategies, LLC 0.00% of their portfolio FT LAUDERDALE, FL 5555 $382 $382 0.00% Unchanged