Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

MFS INVT GRADE MUN TR (CXH)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +2
Streak
1Q ▲
Buyers last Q
46%

Smart Money Signals — CXH

Based on 34 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added CXH 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.
📊

High ownership — 87% of 3.0Y peak

87% of all-time peak
34 funds currently hold this stock — 87% of the 3.0-year high of 39 funds (reached 2024 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📶

Steady growth — +6% more funds vs a year ago

fund count last 6Q
+2 new funds entered over the past year (+6% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟠

More sellers than buyers — 46% buying

11 buying13 selling
Last quarter: 13 funds reduced or exited vs 11 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
➡️

Steady new buyers — ~5 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 3 → 5 → 5 → 5. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

65% of holders stayed for 2+ years

■ 65% conviction (2yr+) ■ 6% medium ■ 29% new
22 out of 34 hedge funds have held CXH 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 — ~5 new funds/quarter

2 → 3 → 5 → 5 → 5 new funds/Q
New funds entering each quarter: 3 → 5 → 5 → 5. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Deep conviction — 62% of holders stayed 2+ years

■ 62% veterans ■ 9% 1-2yr ■ 29% new
Of 34 current holders: 21 (62%) 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 — 20% AUM from major funds

20% from top-100 AUM funds
7 of 34 holders rank in the top 100 by AUM, accounting for 20% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.4
out of 10
Low Exit Risk
Exit risk score 3.4/10 — 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 — CXH

In 2026 Q1, 11 hedge funds were net buyers of CXH (5 opened a new position, 6 added to an existing one), while 13 reduced or exited (10 trimmed, 3 sold completely) — a 46% buyer ratio, indicating roughly balanced activity. 20% of total institutional value in CXH is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +2 funds (more new holders than closures). Total institutional holders: 34.

Hedge Fund Ownership: CXH

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

Market Analysis: CXH

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: CXH

-- --

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

Is It Too Late to Buy MFS INVT GRADE MUN TR (CXH) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much CXH 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 · 52d ago
CXH
-5.5%
XLF
+4.6%

CXH outperformed XLF by -10.1% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 7d ago
CXH
-4.9%
XLF
+1.1%

Since the filing became public, CXH outperformed XLF by -6.0% .

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
0.3
/ 10
conviction
Hedge Fund Positioning: CXH
34 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 34 32 6.25%
13F Shares 4M 4M -0.01%
Total Value $32M $32M 0.13%
New Positions 5 5 -
Increased Positions 6 9 -3
Closed Positions 3 5 -2
Reduced Positions 10 6 +4
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: CXH

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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Profit Margin --
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Institutional Holders (2026 Q1)

34 + investors

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

QUARTER:
Top 25 institutional holders of CXH — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Bulldog Investors, LLP 2.13% 1,184,498 $9.5M
2 Almitas Capital LLC 0.82% 454,829 $3.6M
3 ICON ADVISERS INC/CO 0.45% 241,372 $1.9M
4 MELFA WEALTH MANAGEMENT, INC. 0.36% 78,360 $626K
5 RIVERNORTH CAPITAL MANAGEMENT, LLC 0.23% 576,479 $4.6M
6 Matisse Capital 0.16% 47,998 $384K
7 Closed-End Fund Advisors, Inc. 0.13% 15,498 $124K
8 Thomas J. Herzfeld Advisors, Inc. 0.06% 23,409 $187K
9 Fortitude Advisory Group L.L.C. 0.06% 15,802 $126K
10 Beverly Hills Private Wealth, LLC 0.05% 35,345 $282K
11 Hennion & Walsh Asset Management, Inc. 0.04% 141,088 $1.1M
12 ROTHSCHILD INVESTMENT LLC 0.01% 22,975 $184K
13 EVOLVE PRIVATE WEALTH, LLC 0.01% 20,755 $166K
14 Community Financial Services Group, LLC 0.00% 2,825 $23K
15 Capital Investment Advisors, LLC 0.00% 27,962 $223K
16 Focus Partners Wealth 0.00% 242,888 $1.9M
17 Western Wealth Management, LLC 0.00% 6,775 $54K
18 MONTAG A & ASSOCIATES INC 0.00% 2,471 $20K
19 Concurrent Investment Advisors, LLC 0.00% 10,251 $82K
20 OSAIC HOLDINGS, INC. 0.00% 32,138 $257K
21 Pathstone Holdings, LLC 0.00% 10,651 $85K
22 COHEN & STEERS, INC. 0.00% 15,000 —
23 MORGAN STANLEY 0.00% 431,408 $3.4M
24 BANK OF AMERICA CORP /DE/ 0.00% 258,068 $2.1M
25 RAYMOND JAMES FINANCIAL INC 0.00% 33,673 $269K
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 INVT GRADE MUN TR (CXH)

What does the Smart Money Trend signal show for CXH?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added CXH 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 CXH?

More sellers than buyers — 46% buying: Last quarter: 13 funds reduced or exited vs 11 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for CXH holders?

Strong quality — 20% AUM from major funds: 7 of 34 holders rank in the top 100 by AUM, accounting for 20% 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 CXH?

65% of holders stayed for 2+ years: 22 out of 34 hedge funds have held CXH 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 MFS INVT GRADE MUN TR (CXH) following the 2026 Q1 hedge fund 13F filings?

As of today, CXH has moved -4.9% since the 2026 Q1 13F filing date (May 15, 2026), compared to +1.1% for the XLF sector ETF — an outperformance of -6.0%. Since the quarter end (March 31, 2026), CXH has gained -5.5% vs +4.6% 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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