Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Western Asset Managed Muns F (MMU)

108 + Investors. Track Smart Money conviction in MMU. See who's accumulating, reducing, or initiating positions.

Fetching live quote...
Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -5
Streak
1Q ▼
Buyers last Q
52%

Smart Money Signals — MMU

Based on 109 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their MMU positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 94% of 3.0Y peak

94% of all-time peak
109 funds currently hold this stock — 94% of the 3.0-year high of 116 funds (reached 2025 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
〰️

Stable — ownership unchanged year-over-year

fund count last 6Q
The number of hedge funds holding MMU is almost the same as a year ago (-2 funds, -2% change). No significant rush to buy or sell — institutional backing is holding steady.
🟡

Slight buying edge — 52% buying

53 buying49 selling
Last quarter: 53 funds bought or added vs 49 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
➡️

Steady new buyers — ~11 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 10 → 7 → 15 → 11. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

61% of holders stayed for 2+ years

61% conviction (2yr+) 25% medium 14% new
67 out of 109 hedge funds have held MMU for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
📈

Growing discovery — still being found

13 → 10 → 7 → 15 → 11 new funds/Q
New funds entering each quarter: 10 → 7 → 15 → 11. A growing number of institutions are discovering MMU each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 63% veterans vs 19% newcomers

63% veterans 17% 1-2yr 19% new
Entry-cohort mix of 109 holders: 69 (63%) are 2+ year veterans, 19 entered 1–2 years ago, and 21 (19%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.

Strong quality — 39% AUM from major funds

39% from top-100 AUM funds
13 of 109 holders rank in the top 100 by AUM, accounting for 39% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.0
out of 10
Low Exit Risk
Exit risk score 3.0/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — MMU

In 2026 Q1, 53 hedge funds were net buyers of MMU (11 opened a new position, 42 added to an existing one), while 49 reduced or exited (33 trimmed, 16 sold completely) — a 52% buyer ratio, indicating a slight buying edge. 39% of total institutional value in MMU is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -5 funds (more exits than new entries). Total institutional holders: 109.

Hedge Fund Ownership: MMU

How many hedge funds hold MMU — quarterly history vs. share price
Quarterly hedge fund ownership of MMU vs. share price

Market Analysis: MMU

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: MMU

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Western Asset Managed Muns F (MMU) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much MMU has moved relative to its sector benchmark (XLF) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 88d ago
MMU
nan%
XLF
nan%

MMU outperformed XLF by nan% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 43d ago
MMU
nan%
XLF
nan%

Since the filing became public, MMU outperformed XLF by nan% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

5 top-rated funds 0 high-conviction
Consensus
3.4
/ 10
breadth
×
Elite
1.2
/ 10
conviction
Hedge Fund Positioning: MMU
108 + Investors

Track Smart Money conviction in MMU. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 108 114 -5.26%
13F Shares 20M 20M -1.8%
Total Value $199M $213M -6.87%
New Positions 11 15 -4
Increased Positions 42 48 -6
Closed Positions 17 12 +5
Reduced Positions 32 24 +8
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: MMU

View More

Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q1)

108 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in MMU. Verified SEC 13F-HR filings.

QUARTER:
Top 25 MMU holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Robinson Capital Management, LLC 2.85% 668,431 $6.8M
2 Rareview Capital LLC 2.00% 344,641 $3.4M
3 Westview Management dba Westview Investment Advisors 1.59% 296,657 $3.0M
4 Rivernorth Capital Management, LLC 1.00% 1,938,808 $19.9M
5 1607 Capital Partners, LLC 0.99% 1,330,555 $13.7M
6 Melfa Wealth Management, INC. 0.64% 109,141 $1.1M
7 Closed-End Fund Advisors, Inc. 0.59% 56,850 $584K
8 Traub Capital Management LLC 0.57% 56,342 $579K
9 City of London Investment Management Co Ltd 0.25% 333,471 $3.4M
10 Leo Wealth, LLC 0.22% 299,771 $3.1M
11 Carson Advisory Inc. 0.21% 39,604 $407K
12 Integrated Capital Management, INC. 0.21% 30,479 $313K
13 Capstone Capital LLC 0.19% 29,450 $303K
14 Accredited Investor Services, LLC 0.17% 26,258 $270K
15 Hennion & Walsh Asset Management, Inc. 0.17% 496,822 $5.1M
16 Indiana Trust & Investment Management Co 0.16% 50,000 $514K
17 Fortitude Advisory Group L.L.C. 0.15% 31,754 $326K
18 Catalina Capital Group, LLC 0.13% 20,665 $212K
19 Advisors Asset Management, Inc. 0.12% 687,348 $7.1M
20 Rock Point Advisors, LLC 0.11% 38,317 $394K
21 Atala Financial Inc 0.10% 15,000 $154K
22 Ackerman Capital Advisors, LLC 0.09% 42,838 $440K
23 Cottage Street Advisors LLC 0.09% 20,000 $206K
24 Guggenheim Capital LLC 0.08% 1,036,528 $10.7M
25 Providence First Trust Co 0.07% 20,103 $207K
Investor Ownership
History
% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Western Asset Managed Muns F (MMU)

What does the Smart Money Trend signal show for MMU?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their MMU positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for MMU?

Slight buying edge — 52% buying: Last quarter: 53 funds bought or added vs 49 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for MMU holders?

Strong quality — 39% AUM from major funds: 13 of 109 holders rank in the top 100 by AUM, accounting for 39% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held MMU?

61% of holders stayed for 2+ years: 67 out of 109 hedge funds have held MMU for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Western Asset Managed Muns F (MMU) following the 2026 Q1 hedge fund 13F filings?

As of today, MMU has moved nan% since the 2026 Q1 13F filing date (May 15, 2026), compared to nan% for the XLF sector ETF — an outperformance of nan%. Since the quarter end (March 31, 2026), MMU has gained nan% vs nan% for XLF. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

Full history →