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MMU

Western Asset Managed Municipals Fund
MMU

121 hedge funds and large institutions have $259M invested in Western Asset Managed Municipals Fund in 2024 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 42 increasing their positions, 37 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

14% more repeat investments, than reductions

Existing positions increased: 42 | Existing positions reduced: 37

8% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 13

0% more funds holding

Funds holding: 121 → 121 (0)

3.7% less ownership

Funds ownership: 48.93% → 45.23% (-3.7%)

5% less capital invested

Capital invested by funds: $273M → $259M (-$14M)

Holders
121
Holders Change
–
Holders Change %
0%
% of All Funds
1.74%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.03%
New
14
Increased
42
Reduced
37
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Allianz Asset Management
Allianz Asset Management
Germany
+$5.55M
2
RCM
Rivernorth Capital Management
Florida
+$3.86M
3
COLIM
City of London Investment Management
United Kingdom
+$2.8M
4
Bank of New York Mellon
Bank of New York Mellon
New York
+$1.37M
5
NMC
Nine Masts Capital
Hong Kong
+$1.19M

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$24M
2
1CP
1607 Capital Partners
Virginia
-$6.48M
3
LSC
Logan Stone Capital
Illinois
-$3.21M
4
GC
Guggenheim Capital
Illinois
-$1.37M
5
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$1.35M
Name Holding Trade Value Shares
Change 		Change in
Stake
PFS
26
Prospera Financial Services
Texas
$1.59M +$247K +24,243 +19%
N
27
Nuveen
North Carolina
$1.29M – – –
VCM
28
Vivaldi Capital Management
Illinois
$1.25M -$177K -17,345 -12%
NMC
29
Nine Masts Capital
Hong Kong
$1.22M +$1.19M +116,982 New
Envestnet Asset Management
30
Envestnet Asset Management
Illinois
$1.22M +$75.6K +7,422 +7%
PAS
31
Park Avenue Securities
New York
$1.2M +$120K +11,737 +11%
MWM
32
Melfa Wealth Management
Massachusetts
$1.14M +$1.45K +142 +0.1%
Rockefeller Capital Management
33
Rockefeller Capital Management
New York
$1.11M +$684K +67,211 +170%
AGM
34
Alpine Global Management
New York
$1.1M +$1.08M +105,586 New
Royal Bank of Canada
35
Royal Bank of Canada
Ontario, Canada
$1.06M -$60.1K -5,901 -6%
Bank of America
36
Bank of America
North Carolina
$940K +$14.8K +1,449 +2%
LCM
37
Landscape Capital Management
New Jersey
$900K -$307K -30,161 -26%
Ameriprise
38
Ameriprise
Minnesota
$893K +$54K +5,301 +6%
SPIA
39
Steward Partners Investment Advisory
New York
$853K +$40K +3,933 +5%
FPCP
40
Fort Point Capital Partners
California
$833K +$566K +55,554 +230%
RIL
41
Rothschild Investment LLC
Illinois
$806K – – –
FCH
42
Freestone Capital Holdings
Washington
$710K – – –
SP
43
Stonebrook Private
Michigan
$685K +$1.98K +194 +0.3%
ITIM
44
Indiana Trust & Investment Management
Indiana
$674K – – –
CPIG
45
Chicago Partners Investment Group
Illinois
$650K +$3.01K +296 +0.5%
AAM
46
Advisors Asset Management
Colorado
$613K -$1.03M -100,749 -63%
MC
47
Moors & Cabot
Massachusetts
$574K +$25.8K +2,537 +5%
Stifel Financial
48
Stifel Financial
Missouri
$554K +$4.4K +432 +0.8%
RPA
49
Rock Point Advisors
Vermont
$488K – – –
Wealth Enhancement Advisory Services
50
Wealth Enhancement Advisory Services
Minnesota
$457K +$3.1K +304 +0.7%
1
2
3 4 5

MMU Hedge Fund Activity: Q1 2024 in Review

121 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Western Asset Managed Municipals Fund (MMU) for Q1 2024, worth a combined $259M — down 5.1% from $273M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new MMU positions and 13 closed out — a net gain of 1 holder — while 42 added to existing stakes and 37 trimmed.

The largest buyer was Allianz Asset Management, opening a new position worth an estimated $5.55M. The largest seller was Morgan Stanley, cutting an estimated $24M.

  • 121 institutional investors held Western Asset Managed Municipals Fund (MMU) as of Q1 2024, unchanged from Q4 2023.
  • Funds reported $259M of Western Asset Managed Municipals Fund stock for Q1 2024, down 5.1% quarter-over-quarter.
  • 14 funds opened new Western Asset Managed Municipals Fund positions in Q1 2024 and 13 closed out, a net change of +1 holder.
  • The largest Western Asset Managed Municipals Fund buyer in Q1 2024 was Allianz Asset Management, an estimated $5.55M added.
  • The largest Western Asset Managed Municipals Fund seller in Q1 2024 was Morgan Stanley, an estimated $24M sold.

Based on aggregated 13F filings for Q1 2024.