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MMU

Western Asset Managed Municipals Fund
MMU

117 hedge funds and large institutions have $250M invested in Western Asset Managed Municipals Fund in 2024 Q2 according to their latest regulatory filings, with 11 funds opening new positions, 45 increasing their positions, 32 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

41% more repeat investments, than reductions

Existing positions increased: 45 | Existing positions reduced: 32

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

3% less capital invested

Capital invested by funds: $259M → $250M (-$8.57M)

1.13% less ownership

Funds ownership: 45.23% → 44.1% (-1.1%)

3% less funds holding

Funds holding: 121 → 117 (-4)

27% less first-time investments, than exits

New positions opened: 11 | Existing positions closed: 15

Holders
117
Holders Change
-4
Holders Change %
-3.31%
% of All Funds
1.69%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
11
Increased
45
Reduced
32
Closed
15
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$1.97M
2
SIA
Sit Investment Associates
Minnesota
+$911K
3
COLIM
City of London Investment Management
United Kingdom
+$909K
4
RCM
Rivernorth Capital Management
Florida
+$846K
5
RJFSA
Raymond James Financial Services Advisors
Florida
+$820K

Top Sellers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
-$3.51M
2
LSC
Logan Stone Capital
Illinois
-$3.36M
3
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$1.55M
4
GC
Guggenheim Capital
Illinois
-$1.41M
5
AA
AQR Arbitrage
Connecticut
-$1.16M
Name Holding Trade Value Shares
Change 		Change in
Stake
PFS
26
Prospera Financial Services
Texas
$1.41M -$160K -15,833 -10%
Rockefeller Capital Management
27
Rockefeller Capital Management
New York
$1.37M +$255K +25,222 +24%
Envestnet Asset Management
28
Envestnet Asset Management
Illinois
$1.31M +$97.6K +9,643 +8%
PAS
29
Park Avenue Securities
New York
$1.3M +$103K +10,212 +9%
N
30
Nuveen
North Carolina
$1.28M – – –
Royal Bank of Canada
31
Royal Bank of Canada
Ontario, Canada
$1.14M +$92.3K +9,114 +9%
MWM
32
Melfa Wealth Management
Massachusetts
$1.13M +$921 +91 +0.1%
VCM
33
Vivaldi Capital Management
Illinois
$1.1M -$164K -16,244 -13%
AGM
34
Alpine Global Management
New York
$1.09M – – –
SIA
35
Sit Investment Associates
Minnesota
$1.05M +$911K +90,000 +767%
FPCP
36
Fort Point Capital Partners
California
$964K +$136K +13,417 +17%
Ameriprise
37
Ameriprise
Minnesota
$942K +$21.7K +2,145 +2%
Bank of America
38
Bank of America
North Carolina
$920K -$10.7K -1,054 -1%
SPIA
39
Steward Partners Investment Advisory
New York
$895K +$49.7K +4,912 +6%
RIL
40
Rothschild Investment LLC
Illinois
$798K – – –
BRWA
41
B. Riley Wealth Advisors
Florida
$795K +$581K +57,418 +303%
NMC
42
Nine Masts Capital
Hong Kong
$764K -$437K -43,158 -37%
FCH
43
Freestone Capital Holdings
Washington
$703K – – –
ITIM
44
Indiana Trust & Investment Management
Indiana
$668K – – –
CPIG
45
Chicago Partners Investment Group
Illinois
$645K -$30.6K -3,024 -5%
LCM
46
Landscape Capital Management
New Jersey
$615K -$270K -26,689 -31%
Stifel Financial
47
Stifel Financial
Missouri
$516K -$31.5K -3,114 -6%
MFWP
48
Mosaic Family Wealth Partners
Missouri
$485K +$186K +18,338 +64%
RPA
49
Rock Point Advisors
Vermont
$483K – – –
ACA
50
Ackerman Capital Advisors
Texas
$466K +$455K +44,987 New
1
2
3 4 5

MMU Hedge Fund Activity: Q2 2024 in Review

117 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in Western Asset Managed Municipals Fund (MMU) for Q2 2024, worth a combined $250M — down 3.3% from $259M a quarter earlier.

Sellers outnumbered buyers: 15 funds closed out of MMU and 11 opened new positions — a net loss of 4 holders — while 32 trimmed existing stakes and 45 added.

The largest buyer was Morgan Stanley, adding an estimated $1.97M. The largest seller was Saba Capital Management, cutting an estimated $3.51M.

  • 117 institutional investors held Western Asset Managed Municipals Fund (MMU) as of Q2 2024, down from 121 in Q1 2024.
  • Funds reported $250M of Western Asset Managed Municipals Fund stock for Q2 2024, down 3.3% quarter-over-quarter.
  • 11 funds opened new Western Asset Managed Municipals Fund positions in Q2 2024 and 15 closed out, a net change of -4 holders.
  • The largest Western Asset Managed Municipals Fund buyer in Q2 2024 was Morgan Stanley, an estimated $1.97M added.
  • The largest Western Asset Managed Municipals Fund seller in Q2 2024 was Saba Capital Management, an estimated $3.51M sold.

Based on aggregated 13F filings for Q2 2024.