Western Asset Managed Municipals Fund
MMU
115 hedge funds and large institutions have $222M invested in Western Asset Managed Municipals Fund in 2025 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 36 increasing their positions, 41 reducing their positions, and 5 closing their positions.
80% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 5
4% more funds holding
Funds holding: 111 → 115 (+4)
0.48% less ownership
Funds ownership: 41.58% → 41.1% (-0.48%)
12% less repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 41
17% less capital inflows, than outflows
Capital inflows: $12.7M | Capital outflows: $15.3M
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$3.87M |
| 2 |
Guggenheim Capital
Chicago,
Illinois
|
+$2.55M |
| 3 |
Advisors Asset Management
Monument,
Colorado
|
+$1.01M |
| 4 |
Raymond James Financial
St Petersburg,
Florida
|
+$942K |
| 5 |
Leo Wealth LLC
Hurst,
Texas
|
+$549K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Pathstone Holdings
Englewood,
New Jersey
|
-$5.63M |
| 2 |
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$3.32M |
| 3 |
City of London Investment Management
London,
United Kingdom
|
-$1.01M |
| 4 |
Melone Private Wealth
Auburn Hills,
Michigan
|
-$821K |
| 5 |
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$643K |
MMU Hedge Fund Activity: Q2 2025 in Review
115 of the 7,621 institutional investors tracked by Wall St. Rank reported a position in Western Asset Managed Municipals Fund (MMU) for Q2 2025, worth a combined $222M — down 4.9% from $234M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new MMU positions and 5 closed out — a net gain of 4 holders — while 36 added to existing stakes and 41 trimmed.
The largest buyer was Bank of America, adding an estimated $3.87M. The largest seller was Pathstone Holdings, cutting an estimated $5.63M.
- 115 institutional investors held Western Asset Managed Municipals Fund (MMU) as of Q2 2025, up from 111 in Q1 2025.
- Funds reported $222M of Western Asset Managed Municipals Fund stock for Q2 2025, down 4.9% quarter-over-quarter.
- 9 funds opened new Western Asset Managed Municipals Fund positions in Q2 2025 and 5 closed out, a net change of +4 holders.
- The largest Western Asset Managed Municipals Fund buyer in Q2 2025 was Bank of America, an estimated $3.87M added.
- The largest Western Asset Managed Municipals Fund seller in Q2 2025 was Pathstone Holdings, an estimated $5.63M sold.
Based on aggregated 13F filings for Q2 2025.