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MMU

Western Asset Managed Municipals Fund

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.

New
Increased
Maintained
Reduced
Closed

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: 115115 (0)

0% more funds holding in top 10

Funds holding in top 10: 11 (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)

Holders
115
Holders Change
Holders Change %
0%
% of All Funds
1.51%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.01%
New
16
Increased
41
Reduced
32
Closed
12
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
RCM
1
Rivernorth Capital Management
Florida
$56.3M -$1.66M -157,919 -3%
Morgan Stanley
2
Morgan Stanley
New York
$38.5M +$791K +75,234 +2%
Pathstone Holdings
3
Pathstone Holdings
New Jersey
$23.8M +$4.27M +406,735 +21%
1CP
4
1607 Capital Partners
Virginia
$17.3M +$7.66M +728,573 +75%
Raymond James Financial
5
Raymond James Financial
Florida
$9.26M +$9.54M +907,758 New
KIM
6
Karpus Investment Management
New York
$7.1M -$1.36M -129,039 -16%
Allianz Asset Management
7
Allianz Asset Management
Germany
$5.56M
COLIM
8
City of London Investment Management
United Kingdom
$5.1M +$701K +66,715 +15%
RCM
9
Robinson Capital Management
Michigan
$4.83M
Wells Fargo
10
Wells Fargo
California
$4.35M +$280K +26,624 +7%
VanEck Associates
11
VanEck Associates
New York
$4.24M +$152K +14,419 +4%
Bank of America
12
Bank of America
North Carolina
$3.56M +$2.73M +259,994 +294%
RC
13
Rareview Capital
Nevada
$3.55M +$108K +10,248 +3%
Fiera Capital (Canada)
14
Fiera Capital (Canada)
Quebec, Canada
$3.25M +$78.2K +7,444 +2%
SCM
15
Saba Capital Management
New York
$2.66M -$11.8M -1,120,616 -81%
HighTower Advisors
16
HighTower Advisors
Illinois
$2.5M +$117K +11,175 +5%
LWL
17
Leo Wealth LLC
Texas
$2.18M +$49.2K +4,683 +2%
UBS Group
18
UBS Group
Switzerland
$2.13M +$21.6K +2,052 +1%
Invesco
19
Invesco
Georgia
$2.06M +$238K +22,624 +13%
Rockefeller Capital Management
20
Rockefeller Capital Management
New York
$1.73M -$181K -17,207 -9%
MPW
21
Melone Private Wealth
Michigan
$1.63M -$97.9K -9,314 -6%
AAM
22
Advisors Asset Management
Colorado
$1.46M +$1.51M +143,611 New
GC
23
Guggenheim Capital
Illinois
$1.46M -$1.49M -141,616 -50%
Bank of New York Mellon
24
Bank of New York Mellon
New York
$1.42M -$71.6K -6,815 -5%
Envestnet Asset Management
25
Envestnet Asset Management
Illinois
$1.33M +$64.7K +6,160 +5%

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.