Who Owns Western Asset Managed Municipals Fund, Inc (MMU)?Hedge Fund & Institutional Holders

$10.51+0.01 (+0.14%)Financial ServicesNYSE

Institutional Holders

50

as of Q4 2025

Total Institutional Value

$InfinityT

% of Float Held

—

QoQ Change in Holders

+9 / -2

Price History

$9.57$9.92$10.26$10.61$10.96Aug 24Jun 25Mar 26

MMU — Biggest New Institutional Buyers This Quarter

FundActionShares AddedValue Added
BANK OF AMERICA CORP /DE/Increased+273K+$16.0B
Hennion & Walsh Asset Management, Inc.New Position+503K+$5.3B
Allianz Asset Management GmbHNew Position+545K+$5.0B
ROBINSON CAPITAL MANAGEMENT, LLCIncreased+184K+$2.0B
Advisors Asset Management, Inc.Increased+177K+$1.7B
GUGGENHEIM CAPITAL LLCIncreased+182K+$1.2B
MELFA WEALTH MANAGEMENT, INC.New Position+109K+$1.1B
Fiera Capital CorpIncreased+163K+$1.0B
Melone Private Wealth, LLCNew Position+80K+$834.0M
Leo Wealth, LLCIncreased+76K+$807.2M
Traub Capital Management LLCNew Position+76K+$791.0M
Indiana Trust & Investment Management CoNew Position+68K+$709.0M
PFG Investments, LLCNew Position+56K+$581.0M
Carson Advisory Inc.New Position+44K+$455.0M
Compass Financial Group, INC/SDNew Position+43K+$447.0M

MMU — Institutions Reducing or Closing Positions

FundActionShares SoldValue Sold
RIVERNORTH CAPITAL MANAGEMENT, LLCDecreased-711K-$7.1B
Karpus Management, Inc.Closed Position-437K-$4.5B
1607 Capital Partners, LLCDecreased-203K-$2.0B
OSAIC HOLDINGS, INC.Decreased-6K-$1.2B
RAYMOND JAMES FINANCIAL INCDecreased-122-$971.2M
AMERIPRISE FINANCIAL INCDecreased-8K-$698.7M
Rockefeller Capital Management L.P.Decreased-16K-$654.3M
Prospera Financial Services IncDecreased-25K-$493.5M
STIFEL FINANCIAL CORPDecreased-5K-$441.7M
RIVERBRIDGE PARTNERS LLCClosed Position-41K-$425.1M
MML INVESTORS SERVICES, LLCDecreased-5K-$338.6M
Mariner, LLCDecreased-3K-$224.1M
CITY OF LONDON INVESTMENT MANAGEMENT CO LTDDecreased-21K-$182.2M
RFG Advisory, LLCDecreased-391-$178.6M
HARBOUR INVESTMENTS, INC.Decreased-61-$155.2M

Top Institutional Holders(Q4 2025)

#FundSharesValue% of PortfolioType
1RIVERNORTH CAPITAL MANAGEMENT, LLC2,729,554$28.5B1.35%Share
2BANK OF AMERICA CORP /DE/1,546,311$16.0B0.00%Share
31607 Capital Partners, LLC1,390,231$14.5B0.99%Share
4GUGGENHEIM CAPITAL LLC839,277$8.0B0.06%Share
5ROBINSON CAPITAL MANAGEMENT, LLC592,100$6.2B2.53%Share
6RAYMOND JAMES FINANCIAL INC578,948$6.0B0.00%Share
7Advisors Asset Management, Inc.592,613$6.0B0.10%Share
8Hennion & Walsh Asset Management, Inc.503,357$5.3B0.18%Share
9Allianz Asset Management GmbH544,800$5.0B0.01%Share
10Fiera Capital Corp452,673$4.0B0.01%Share
11RAYMOND JAMES FINANCIAL INC460,444$4.0B0.00%Share
12CITY OF LONDON INVESTMENT MANAGEMENT CO LTD376,788$3.9B0.29%Share
13Rareview Capital LLC318,812$3.2B2.05%Share
14Invesco Ltd.247,859$2.6B0.00%Share
15Leo Wealth, LLC247,215$2.6B0.19%Share
16WELLS FARGO & COMPANY/MN277,393$2.0B0.00%Share
17UBS Group AG143,667$1.5B0.00%Share
18MELFA WEALTH MANAGEMENT, INC.109,141$1.1B0.66%Share
19Rockefeller Capital Management L.P.144,294$1.0B0.00%Share
20Steward Partners Investment Advisory, LLC120,286$1.0B0.01%Share
21ROYAL BANK OF CANADA157,307$1.0B0.00%Share
22WELLS FARGO & COMPANY/MN177,502$1.0B0.00%Share
23Melone Private Wealth, LLC79,955$834.0M0.35%Share
24Traub Capital Management LLC75,855$791.0M0.76%Share
25Indiana Trust & Investment Management Co67,913$709.0M0.21%Share
26CARY STREET PARTNERS FINANCIAL LLC57,244$597.0M0.01%Share
27PFG Investments, LLC55,737$581.0M0.03%Share
28MOSAIC FAMILY WEALTH PARTNERS, LLC45,666$476.0M0.05%Share
29Carson Advisory Inc.43,604$455.0M0.24%Share
30Compass Financial Group, INC/SD42,877$447.0M0.06%Share
31BAR HARBOR WEALTH MANAGEMENT41,682$435.0M0.03%Share
32B. Riley Wealth Advisors, Inc.41,116$429.0M0.02%Share
33Rock Point Advisors, LLC36,983$386.0M0.10%Share
34Burford Brothers, Inc.36,100$376.0M0.16%Share
35INTEGRATED CAPITAL MANAGEMENT, INC.31,736$331.0M0.22%Share
36Fortitude Advisory Group L.L.C.31,754$331.0M0.14%Share
37CAPSTONE CAPITAL LLC29,450$307.0M0.20%Share
38ACCREDITED INVESTOR SERVICES, LLC26,098$272.0M0.18%Share
39Stonebrook Private Inc.23,320$243.0M0.05%Share
40Sovereign Financial Group, Inc.21,286$222.0M0.04%Share
41Catalina Capital Group, LLC20,665$215.0M0.13%Share
42Providence First Trust Co20,103$209.0M0.07%Share
43Cottage Street Advisors LLC20,000$208.0M0.09%Share
44NWF Advisory Services Inc.17,900$186.0M0.02%Share
45J.W. COLE ADVISORS, INC.17,292$180.0M0.00%Share
46Ashton Thomas Private Wealth, LLC16,500$172.0M0.00%Share
47Permanent Capital Management, LP13,513$141.0M0.03%Share
48SILVERLAKE WEALTH MANAGEMENT LLC11,943$124.0M0.03%Share
49Altus Wealth Group LLC11,371$118.0M0.05%Share
50HARMONY ASSET MANAGEMENT LLC10,500$109.0M0.04%Share

MMU Institutional Ownership History

QuarterHoldersTotal ValueChange
Q4 2025116$134.8B+49
Q3 202567$121.9B-42
Q2 2025109$147.6B-3
Q1 2025112$199.2B+13
Q4 202499$1.4T+21
Q3 202478$8.3T-7
Q2 202485$10.6T+7
Q1 202478$4.0T—

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As of Q4 2025, 50 institutional investors hold MMU (Western Asset Managed Municipals Fund, Inc). The largest holder is RIVERNORTH CAPITAL MANAGEMENT, LLC with $28.5B in shares. This quarter, 9 institutions opened new positions and 2 closed their positions.

Frequently Asked Questions

How many hedge funds own MMU?

As of Q4 2025, 50 institutional investors report holding MMU (Western Asset Managed Municipals Fund, Inc) in their 13F filings.

Who is the largest institutional holder of MMU?

The largest institutional holder of MMU is RIVERNORTH CAPITAL MANAGEMENT, LLC with $28.5B in shares.

Is institutional ownership of MMU increasing or decreasing?

This quarter, 9 institutions opened new positions in MMU and 2 closed their positions.