We are live on ! Find out more
MMU

Western Asset Managed Municipals Fund

110 hedge funds and large institutions have $234M invested in Western Asset Managed Municipals Fund in 2025 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 40 increasing their positions, 30 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 12 (+1)

33% more repeat investments, than reductions

Existing positions increased: 40 | Existing positions reduced: 30

0.84% less ownership

Funds ownership: 42.36%41.52% (-0.84%)

1% less capital invested

Capital invested by funds: $236M → $234M (-$2.77M)

4% less funds holding

Funds holding: 115110 (-5)

17% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 12

Holders
110
Holders Change
-5
Holders Change %
-4.35%
% of All Funds
1.48%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.03%
New
10
Increased
40
Reduced
30
Closed
12
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
RCM
1
Rivernorth Capital Management
Florida
$49.4M -$7.48M -722,921 -13%
Morgan Stanley
2
Morgan Stanley
New York
$41.2M +$2.29M +221,875 +6%
Pathstone Holdings
3
Pathstone Holdings
New Jersey
$24.7M +$552K +53,377 +2%
1CP
4
1607 Capital Partners
Virginia
$17.9M +$493K +47,723 +3%
Raymond James Financial
5
Raymond James Financial
Florida
$9.02M -$327K -31,663 -3%
KIM
6
Karpus Investment Management
New York
$7.13M -$30K -2,899 -0.4%
Bank of America
7
Bank of America
North Carolina
$6.5M +$2.92M +282,835 +81%
Allianz Asset Management
8
Allianz Asset Management
Germany
$5.61M
COLIM
9
City of London Investment Management
United Kingdom
$5.14M
RCM
10
Robinson Capital Management
Michigan
$4.87M
Wells Fargo
11
Wells Fargo
California
$4.58M +$192K +18,529 +4%
VanEck Associates
12
VanEck Associates
New York
$3.47M -$808K -78,175 -19%
RC
13
Rareview Capital
Nevada
$3.28M -$87.3K -8,441 -3%
Fiera Capital (Canada)
14
Fiera Capital (Canada)
Quebec, Canada
$3.06M -$221K -21,325 -7%
HighTower Advisors
15
HighTower Advisors
Illinois
$2.33M -$195K -18,824 -8%
GC
16
Guggenheim Capital
Illinois
$2.25M +$786K +76,046 +53%
Invesco
17
Invesco
Georgia
$2.12M +$43.8K +4,239 +2%
AAM
18
Advisors Asset Management
Colorado
$2.08M +$605K +58,530 +41%
Rockefeller Capital Management
19
Rockefeller Capital Management
New York
$1.75M +$6.72K +650 +0.4%
LWL
20
Leo Wealth LLC
Texas
$1.73M -$463K -44,817 -21%
MPW
21
Melone Private Wealth
Michigan
$1.65M +$10.6K +1,026 +0.6%
UBS Group
22
UBS Group
Switzerland
$1.6M -$552K -53,392 -26%
Envestnet Asset Management
23
Envestnet Asset Management
Illinois
$1.46M +$119K +11,539 +9%
Bank of New York Mellon
24
Bank of New York Mellon
New York
$1.44M +$4.23K +409 +0.3%
Royal Bank of Canada
25
Royal Bank of Canada
Ontario, Canada
$1.39M +$238K +23,012 +21%

MMU Hedge Fund Activity: Q1 2025 in Review

110 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in Western Asset Managed Municipals Fund (MMU) for Q1 2025, worth a combined $234M — down 1.2% from $236M a quarter earlier.

Sellers outnumbered buyers: 12 funds closed out of MMU and 10 opened new positions — a net loss of 2 holders — while 30 trimmed existing stakes and 40 added.

The largest buyer was Bank of America, adding an estimated $2.92M. The largest seller was Rivernorth Capital Management, cutting an estimated $7.48M.

  • 110 institutional investors held Western Asset Managed Municipals Fund (MMU) as of Q1 2025, down from 115 in Q4 2024.
  • Funds reported $234M of Western Asset Managed Municipals Fund stock for Q1 2025, down 1.2% quarter-over-quarter.
  • 10 funds opened new Western Asset Managed Municipals Fund positions in Q1 2025 and 12 closed out, a net change of -2 holders.
  • The largest Western Asset Managed Municipals Fund buyer in Q1 2025 was Bank of America, an estimated $2.92M added.
  • The largest Western Asset Managed Municipals Fund seller in Q1 2025 was Rivernorth Capital Management, an estimated $7.48M sold.

Based on aggregated 13F filings for Q1 2025.