Western Asset Managed Municipals Fund
MMU
111 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, 41 increasing their positions, 30 reducing their positions, and 12 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
37% more repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 30
0.78% less ownership
Funds ownership: 42.36% → 41.58% (-0.78%)
1% less capital invested
Capital invested by funds: $236M → $234M (-$2.45M)
3% less funds holding
Funds holding: 115 → 111 (-4)
17% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$2.92M |
| 2 |
Morgan Stanley
New York
|
+$2.29M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$786K |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$605K |
| 5 |
Pathstone Holdings
Englewood,
New Jersey
|
+$552K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$7.48M |
| 2 |
SCM
Saba Capital Management
New York
|
-$2.66M |
| 3 |
VanEck Associates
New York
|
-$808K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$552K |
| 5 |
LWL
Leo Wealth LLC
Hurst,
Texas
|
-$463K |
MMU Hedge Fund Activity: Q1 2025 in Review
111 of the 7,472 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% 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 41 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.
- 111 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% 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.