Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

MFS HIGH INCOME MUN TR SH BEN INT (CXE)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +6
Streak
2Q ▲
Buyers last Q
69%

Smart Money Signals — CXE

Based on 61 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds added CXE than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
61 hedge funds hold CXE right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
📶

Steady growth — +15% more funds vs a year ago

fund count last 6Q
+8 new funds entered over the past year (+15% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟢

More buyers than sellers — 69% buying

33 buying15 selling
Last quarter: 33 funds were net buyers (12 opened a brand new position + 21 added to an existing one). Only 15 were sellers (9 trimmed + 6 sold completely). A clear majority buying is a strong confirmation signal.
➡️

Steady new buyers — ~12 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 8 → 6 → 8 → 12. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

61% of holders stayed for 2+ years

■ 61% conviction (2yr+) ■ 13% medium ■ 26% new
37 out of 61 hedge funds have held CXE 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.
💎

Buying through price weakness — shares +11%, value -97%

Value
-97%
Shares
+10%
Last quarter: funds added +11% more shares while total portfolio value only changed -97%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📈

Growing discovery — still being found

9 → 8 → 6 → 8 → 12 new funds/Q
New funds entering each quarter: 8 → 6 → 8 → 12. A growing number of institutions are discovering CXE each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Deep conviction — 61% of holders stayed 2+ years

■ 61% veterans ■ 15% 1-2yr ■ 25% new
Of 61 current holders: 37 (61%) 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 — 25% AUM from major funds

25% from top-100 AUM funds
12 of 61 holders rank in the top 100 by AUM, accounting for 25% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.9
out of 10
Low Exit Risk
Exit risk score 3.9/10 — 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 — CXE

In 2025 Q4, 33 hedge funds were net buyers of CXE (12 opened a new position, 21 added to an existing one), while 15 reduced or exited (9 trimmed, 6 sold completely) — a 69% buyer ratio, indicating clear institutional accumulation. Net buying has persisted for two consecutive quarters, a positive momentum signal. 25% of total institutional value in CXE is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +6 funds (more new holders than closures). Total institutional holders: 61.

Hedge Fund Ownership: CXE

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

Market Analysis: CXE

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: CXE

-- --

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

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Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

5 top-rated funds 0 high-conviction
Consensus
3.4
/ 10
breadth
×
Elite
0.4
/ 10
conviction
Hedge Fund Positioning: CXE
2026 Q1 Stats Unlock in 1 days 60 + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 60 54 11.11%
13F Shares 13M 12M 10.86%
Total Value $47M $1.84B -97.42%
New Positions 11 8 +3
Increased Positions 21 18 +3
Closed Positions 5 3 +2
Reduced Positions 9 14 -5
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: CXE

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Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

60 + investors

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

QUARTER:
Top 25 institutional holders of CXE — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Almitas Capital LLC 1.06% 1,266,853 $4.7M
2 Closed-End Fund Advisors, Inc. 1.04% 274,770 $1.0M
3 ROBINSON CAPITAL MANAGEMENT, LLC 1.00% 644,863 $2.4M
4 Bulldog Investors, LLP 0.37% 449,633 $1.7M
5 MELFA WEALTH MANAGEMENT, INC. 0.35% 165,470 $614K
6 Catalina Capital Group, LLC 0.18% 82,017 $304K
7 RIVERNORTH CAPITAL MANAGEMENT, LLC 0.17% 922,762 $3.4M
8 Noble Wealth Management PBC 0.13% 72,340 $268K
9 CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 0.13% 475,885 $1.8M
10 Matisse Capital 0.12% 73,090 $271K
11 Saba Capital Management, L.P. 0.11% 1,110,515 $4.1M
12 Thomas J. Herzfeld Advisors, Inc. 0.11% 88,443 $328K
13 Novak & Powell Financial Services, Inc. 0.08% 38,183 $142K
14 BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.05% 103,096 $382K
15 Logan Stone Capital, LLC 0.05% 49,093 $182K
16 SIT INVESTMENT ASSOCIATES INC 0.05% 633,241 $2K
17 Collar Capital Management, LLC 0.03% 14,000 $52K
18 ACT Advisors, LLC. 0.03% 17,689 $66K
19 Summit Financial, LLC 0.03% 576,180 $2.1M
20 WHITEBOX ADVISORS LLC 0.02% 512,763 $1.9M
21 Pathstone Holdings, LLC 0.01% 999,681 $3.7M
22 ADAPT WEALTH ADVISORS, LLC 0.01% 10,800 $40K
23 NewEdge Advisors, LLC 0.01% 201,166 $201K
24 RIVERBRIDGE PARTNERS LLC 0.01% 101,715 $377K
25 Park Place Capital Corp 0.01% 10,262 $38K
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 — MFS HIGH INCOME MUN TR SH BEN INT (CXE)

What does the Smart Money Trend signal show for CXE?

Buying streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds added CXE than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for CXE?

More buyers than sellers — 69% buying: Last quarter: 33 funds were net buyers (12 opened a brand new position + 21 added to an existing one). Only 15 were sellers (9 trimmed + 6 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for CXE holders?

Strong quality — 25% AUM from major funds: 12 of 61 holders rank in the top 100 by AUM, accounting for 25% 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 CXE?

61% of holders stayed for 2+ years: 37 out of 61 hedge funds have held CXE 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.

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.