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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$1.97M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$911K |
| 3 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$909K |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$846K |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$820K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$3.51M |
| 2 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
-$3.36M |
| 3 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$1.55M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.41M |
| 5 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$1.16M |
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.