Western Asset Managed Municipals Fund
MMU
115 hedge funds and large institutions have $236M invested in Western Asset Managed Municipals Fund in 2024 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 41 increasing their positions, 32 reducing their positions, and 12 closing their positions.
33% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 12
28% more repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 32
0% more funds holding
Funds holding: 115 → 115 (0)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.19% less ownership
Funds ownership: 42.55% → 42.36% (-0.19%)
6% less capital invested
Capital invested by funds: $251M → $236M (-$14.9M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$7.66M |
| 2 |
Pathstone Holdings
Englewood,
New Jersey
|
+$4.27M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$2.73M |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.51M |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
+$806K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$11.8M |
| 2 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$1.71M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.66M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.49M |
| 5 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$1.36M |
MMU Hedge Fund Activity: Q4 2024 in Review
115 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in Western Asset Managed Municipals Fund (MMU) for Q4 2024, worth a combined $236M — down 5.9% from $251M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new MMU positions and 12 closed out — a net gain of 4 holders — while 41 added to existing stakes and 32 trimmed.
The largest buyer was 1607 Capital Partners, adding an estimated $7.66M. The largest seller was Saba Capital Management, cutting an estimated $11.8M.
- 115 institutional investors held Western Asset Managed Municipals Fund (MMU) as of Q4 2024, unchanged from Q3 2024.
- Funds reported $236M of Western Asset Managed Municipals Fund stock for Q4 2024, down 5.9% quarter-over-quarter.
- 16 funds opened new Western Asset Managed Municipals Fund positions in Q4 2024 and 12 closed out, a net change of +4 holders.
- The largest Western Asset Managed Municipals Fund buyer in Q4 2024 was 1607 Capital Partners, an estimated $7.66M added.
- The largest Western Asset Managed Municipals Fund seller in Q4 2024 was Saba Capital Management, an estimated $11.8M sold.
Based on aggregated 13F filings for Q4 2024.