Western Asset Managed Municipals Fund
MMU
110 hedge funds and large institutions have $207M invested in Western Asset Managed Municipals Fund in 2026 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 43 increasing their positions, 33 reducing their positions, and 14 closing their positions.
30% more repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 33
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.6% less ownership
Funds ownership: 37.43% → 36.83% (-0.6%)
3% less capital invested
Capital invested by funds: $213M → $207M (-$6.64M)
5% less funds holding
Funds holding: 116 → 110 (-6)
29% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$3.2M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$2.07M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$1.44M |
| 4 |
Raymond James Financial
St Petersburg,
Florida
|
+$1.03M |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$994K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$8.3M |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$3.11M |
| 3 |
MPW
Melone Private Wealth
Auburn Hills,
Michigan
|
-$835K |
| 4 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$626K |
| 5 |
Lido Advisors
Los Angeles,
California
|
-$482K |
MMU Hedge Fund Activity: Q1 2026 in Review
110 of the 8,127 institutional investors tracked by Wall St. Rank reported a position in Western Asset Managed Municipals Fund (MMU) for Q1 2026, worth a combined $207M — down 3.1% from $213M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of MMU and 10 opened new positions — a net loss of 4 holders — while 33 trimmed existing stakes and 43 added.
The largest buyer was Morgan Stanley, adding an estimated $3.2M. The largest seller was Rivernorth Capital Management, cutting an estimated $8.3M.
- 110 institutional investors held Western Asset Managed Municipals Fund (MMU) as of Q1 2026, down from 116 in Q4 2025.
- Funds reported $207M of Western Asset Managed Municipals Fund stock for Q1 2026, down 3.1% quarter-over-quarter.
- 10 funds opened new Western Asset Managed Municipals Fund positions in Q1 2026 and 14 closed out, a net change of -4 holders.
- The largest Western Asset Managed Municipals Fund buyer in Q1 2026 was Morgan Stanley, an estimated $3.2M added.
- The largest Western Asset Managed Municipals Fund seller in Q1 2026 was Rivernorth Capital Management, an estimated $8.3M sold.
Based on aggregated 13F filings for Q1 2026.