Western Asset Managed Municipals Fund
MMU
115 hedge funds and large institutions have $222M invested in Western Asset Managed Municipals Fund in 2025 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 36 increasing their positions, 40 reducing their positions, and 5 closing their positions.
100% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 5
5% more funds holding
Funds holding: 110 → 115 (+5)
0.42% less ownership
Funds ownership: 41.52% → 41.1% (-0.42%)
5% less capital invested
Capital invested by funds: $234M → $222M (-$11.3M)
10% less repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 40
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$3.87M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$2.55M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.01M |
| 4 |
Raymond James Financial
St Petersburg,
Florida
|
+$942K |
| 5 |
LWL
Leo Wealth LLC
Hurst,
Texas
|
+$549K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Pathstone Holdings
Englewood,
New Jersey
|
-$5.63M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$3.32M |
| 3 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$1.01M |
| 4 |
MPW
Melone Private Wealth
Auburn Hills,
Michigan
|
-$821K |
| 5 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$643K |
MMU Hedge Fund Activity: Q2 2025 in Review
115 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Western Asset Managed Municipals Fund (MMU) for Q2 2025, worth a combined $222M — down 4.8% from $234M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new MMU positions and 5 closed out — a net gain of 5 holders — while 36 added to existing stakes and 40 trimmed.
The largest buyer was Bank of America, adding an estimated $3.87M. The largest seller was Pathstone Holdings, cutting an estimated $5.63M.
- 115 institutional investors held Western Asset Managed Municipals Fund (MMU) as of Q2 2025, up from 110 in Q1 2025.
- Funds reported $222M of Western Asset Managed Municipals Fund stock for Q2 2025, down 4.8% quarter-over-quarter.
- 10 funds opened new Western Asset Managed Municipals Fund positions in Q2 2025 and 5 closed out, a net change of +5 holders.
- The largest Western Asset Managed Municipals Fund buyer in Q2 2025 was Bank of America, an estimated $3.87M added.
- The largest Western Asset Managed Municipals Fund seller in Q2 2025 was Pathstone Holdings, an estimated $5.63M sold.
Based on aggregated 13F filings for Q2 2025.