Western Asset Managed Municipals Fund
MMU
115 hedge funds and large institutions have $251M invested in Western Asset Managed Municipals Fund in 2024 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 38 increasing their positions, 33 reducing their positions, and 15 closing their positions.
15% more repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 33
0% more capital invested
Capital invested by funds: $250M → $251M (+$1.21M)
0% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 15
1.55% less ownership
Funds ownership: 44.1% → 42.55% (-1.6%)
2% less funds holding
Funds holding: 117 → 115 (-2)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$3.22M |
| 2 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$1.93M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$654K |
| 4 |
Cohen & Steers
New York
|
+$650K |
| 5 |
Pathstone Holdings
Englewood,
New Jersey
|
+$628K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$4.06M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$2.56M |
| 3 |
LPL Financial
San Diego,
California
|
-$2.22M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.73M |
| 5 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$1.41M |
MMU Hedge Fund Activity: Q3 2024 in Review
115 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Western Asset Managed Municipals Fund (MMU) for Q3 2024, worth a combined $251M — up 0.48% from $250M a quarter earlier.
Fund positioning in MMU was balanced in Q3 2024: 15 funds opened new positions, 15 closed out, 38 added to existing stakes and 33 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $3.22M. The largest seller was Saba Capital Management, cutting an estimated $4.06M.
- 115 institutional investors held Western Asset Managed Municipals Fund (MMU) as of Q3 2024, down from 117 in Q2 2024.
- Funds reported $251M of Western Asset Managed Municipals Fund stock for Q3 2024, up 0.48% quarter-over-quarter.
- 15 funds opened new Western Asset Managed Municipals Fund positions in Q3 2024 and 15 closed out, a net change of 0 holders.
- The largest Western Asset Managed Municipals Fund buyer in Q3 2024 was Morgan Stanley, an estimated $3.22M added.
- The largest Western Asset Managed Municipals Fund seller in Q3 2024 was Saba Capital Management, an estimated $4.06M sold.
Based on aggregated 13F filings for Q3 2024.