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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
PWS
51
Private Wealth Strategies
Ohio
$443K +$6.99K +690 +2%
SWA
52
Stratos Wealth Advisors
Ohio
$443K +$1.88K +186 +0.4%
Wealth Enhancement Advisory Services
53
Wealth Enhancement Advisory Services
Minnesota
$437K -$15.8K -1,561 -4%
BHWM
54
Bar Harbor Wealth Management
New Hampshire
$431K – – –
CL
55
Choreo LLC
Illinois
$423K +$418K +41,268 New
CFGSD
56
Compass Financial Group (South Dakota)
South Dakota
$419K +$6.17K +609 +2%
CA
57
Carson Advisory
Georgia
$407K +$30.4K +3,000 +8%
BB
58
Burford Brothers
Texas
$374K – – –
CC
59
Capstone Capital
Nevada
$366K – – –
RP
60
Riverbridge Partners
Minnesota
$356K +$10.1K +999 +3%
Truist Financial
61
Truist Financial
North Carolina
$354K -$29.3K -2,889 -8%
Susquehanna International Group
62
Susquehanna International Group
Pennsylvania
$330K +$323K +31,884 New
Commonwealth Equity Services
63
Commonwealth Equity Services
Massachusetts
$311K +$7.81K +771 +3%
MWM
64
Modern Wealth Management
Kansas
$311K +$304K +30,000 New
MC
65
Matisse Capital
Oregon
$307K – – –
BW
66
Bison Wealth
Georgia
$303K – – –
RJT
67
Raymond James Trust
Florida
$299K -$54.3K -5,365 -16%
Mariner
68
Mariner
Kansas
$291K -$23.6K -2,330 -8%
MML Investors Services
69
MML Investors Services
Massachusetts
$289K +$26.3K +2,595 +10%
AWM
70
Avior Wealth Management
Nebraska
$277K +$435 +43 +0.2%
FAG
71
Fortitude Advisory Group
Washington
$276K – – –
SP
72
Stonebrook Private
Michigan
$271K -$399K -39,397 -60%
SA
73
Sanctuary Advisors
Indiana
$270K +$276K +27,240 New
OC
74
Oppenheimer & Co
New York
$267K -$6.92K -684 -3%
PFT
75
Providence First Trust
Arizona
$263K +$10.1K +1,000 +4%
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.