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MMU

Western Asset Managed Municipals Fund

121 hedge funds and large institutions have $259M invested in Western Asset Managed Municipals Fund in 2024 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 42 increasing their positions, 37 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 12 (+1)

14% more repeat investments, than reductions

Existing positions increased: 42 | Existing positions reduced: 37

8% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 13

0% more funds holding

Funds holding: 121121 (0)

3.7% less ownership

Funds ownership: 48.93%45.23% (-3.7%)

5% less capital invested

Capital invested by funds: $273M → $259M (-$14M)

Holders
121
Holders Change
Holders Change %
0%
% of All Funds
1.74%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.03%
New
14
Increased
42
Reduced
37
Closed
13
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
RCM
1
Rivernorth Capital Management
Florida
$60.2M +$3.86M +379,208 +7%
Morgan Stanley
2
Morgan Stanley
New York
$33.5M -$24M -2,357,920 -42%
SCM
3
Saba Capital Management
New York
$22M +$86K +8,448 +0.4%
Pathstone Holdings
4
Pathstone Holdings
New Jersey
$19.5M -$155K -15,265 -0.8%
1CP
5
1607 Capital Partners
Virginia
$11.2M -$6.48M -635,948 -37%
KIM
6
Karpus Investment Management
New York
$9.84M -$189K -18,527 -2%
GC
7
Guggenheim Capital
Illinois
$6.94M -$1.37M -134,868 -17%
Allianz Asset Management
8
Allianz Asset Management
Germany
$5.69M +$5.55M +544,800 New
LSC
9
Logan Stone Capital
Illinois
$5.64M -$3.21M -315,063 -37%
Fiera Capital (Canada)
10
Fiera Capital (Canada)
Quebec, Canada
$4.95M -$1.35M -132,507 -22%
RCM
11
Robinson Capital Management
Michigan
$4.78M +$741K +72,774 +18%
VanEck Associates
12
VanEck Associates
New York
$4.5M +$162K +15,892 +4%
AA
13
AQR Arbitrage
Connecticut
$4.46M -$384K -37,692 -8%
RJA
14
Raymond James & Associates
Florida
$3.89M +$211K +20,760 +6%
Wells Fargo
15
Wells Fargo
California
$3.39M +$491K +48,231 +17%
COLIM
16
City of London Investment Management
United Kingdom
$3.25M +$2.8M +274,612 +750%
RC
17
Rareview Capital
Nevada
$2.94M -$86.3K -8,476 -3%
LPL Financial
18
LPL Financial
California
$2.43M +$402K +39,514 +20%
HighTower Advisors
19
HighTower Advisors
Illinois
$2.42M -$131K -12,851 -5%
Invesco
20
Invesco
Georgia
$2.42M -$134K -13,199 -5%
UBS Group
21
UBS Group
Switzerland
$2M -$113K -11,118 -5%
Bank of New York Mellon
22
Bank of New York Mellon
New York
$1.9M +$1.37M +134,791 +289%
RJFSA
23
Raymond James Financial Services Advisors
Florida
$1.8M -$4.35K -427 -0.2%
MPW
24
Melone Private Wealth
Michigan
$1.73M +$11.5K +1,128 +0.7%
LWL
25
Leo Wealth LLC
Texas
$1.68M +$144K +14,177 +10%

MMU Hedge Fund Activity: Q1 2024 in Review

121 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Western Asset Managed Municipals Fund (MMU) for Q1 2024, worth a combined $259M — down 5.1% from $273M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new MMU positions and 13 closed out — a net gain of 1 holder — while 42 added to existing stakes and 37 trimmed.

The largest buyer was Allianz Asset Management, opening a new position worth an estimated $5.55M. The largest seller was Morgan Stanley, cutting an estimated $24M.

  • 121 institutional investors held Western Asset Managed Municipals Fund (MMU) as of Q1 2024, unchanged from Q4 2023.
  • Funds reported $259M of Western Asset Managed Municipals Fund stock for Q1 2024, down 5.1% quarter-over-quarter.
  • 14 funds opened new Western Asset Managed Municipals Fund positions in Q1 2024 and 13 closed out, a net change of +1 holder.
  • The largest Western Asset Managed Municipals Fund buyer in Q1 2024 was Allianz Asset Management, an estimated $5.55M added.
  • The largest Western Asset Managed Municipals Fund seller in Q1 2024 was Morgan Stanley, an estimated $24M sold.

Based on aggregated 13F filings for Q1 2024.