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Livermore
Livermore
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Western Asset Managed Municipals Fund Inc.

MMU
Exchange
NYSE
SEC CIK
0000886043

No open-market purchases or sales by Western Asset Managed Municipals Fund Inc. insiders were filed in the last 90 days; 106 institutions reported holding it in 13F filings for Q2 2026, worth $205.5M in total; no superinvestor holds it.

13F holders, Q4 2025

Institutional positions in Western Asset Managed Municipals Fund Inc. as of Dec 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
117
+3 vs. Q3 2025
Shares held
20.4M
−410.0K (−2.0%) vs. Q3 2025
Total value
$213.2M
−$2.39M (−1.1%) vs. Q3 2025
New holders
15
49 more added
Sold out
12
25 more reduced

Compare with Q3 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting MMU on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ4 2025: 117 institutions
Q1 2021: 77 institutionsQ2 2021: 82 institutionsQ3 2021: 80 institutionsQ4 2021: 81 institutionsQ1 2022: 83 institutionsQ2 2022: 92 institutionsQ3 2022: 89 institutionsQ4 2022: 93 institutionsQ1 2023: 89 institutionsQ2 2023: 91 institutionsQ3 2023: 88 institutionsQ4 2023: 122 institutionsQ1 2024: 122 institutionsQ2 2024: 118 institutionsQ3 2024: 116 institutionsQ4 2024: 116 institutionsQ1 2025: 112 institutionsQ2 2025: 116 institutionsQ3 2025: 114 institutionsQ4 2025: 117 institutionsQ1 2026: 110 institutionsQ2 2026: 106 institutions
Value heldQ4 2025: $213.2M
Q1 2021: $114.0MQ2 2021: $128.2MQ3 2021: $125.1MQ4 2021: $131.3MQ1 2022: $126.7MQ2 2022: $124.8MQ3 2022: $121.2MQ4 2022: $144.2MQ1 2023: $150.2MQ2 2023: $153.6MQ3 2023: $156.3MQ4 2023: $244.2MQ1 2024: $258.6MQ2 2024: $250.0MQ3 2024: $251.2MQ4 2024: $236.3MQ1 2025: $233.8MQ2 2025: $222.2MQ3 2025: $215.6MQ4 2025: $213.2MQ1 2026: $206.6MQ2 2026: $205.5M
Institutions holding MMU and their total value by quarter
QuarterHoldersValue
Q2 2026106$205.5M
Q1 2026110$206.6M
Q4 2025117$213.2M
Q3 2025114$215.6M
Q2 2025116$222.2M
Q1 2025112$233.8M
Q4 2024116$236.3M
Q3 2024116$251.2M
Q2 2024118$250.0M
Q1 2024122$258.6M
Q4 2023122$244.2M
Q3 202388$156.3M
Q2 202391$153.6M
Q1 202389$150.2M
Q4 202293$144.2M
Q3 202289$121.2M
Q2 202292$124.8M
Q1 202283$126.7M
Q4 202181$131.3M
Q3 202180$125.1M
Q2 202182$128.2M
Q1 202177$114.0M

Institutions, Q4 2025

Shares, value and share of portfolio for each institution holding Western Asset Managed Municipals Fund Inc.; share changes are against Q3 2025.

Institutions holding MMU in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Huntington National Bank–$180.00%––
Flagship Harbor Advisors, LLC3$380.00%+3New
SOA Wealth Advisors, LLC.301$3.14K0.00%00.0%Unchanged
MAI Capital Management719$7.50K0.00%+10+1.4%Added
Kilter Group LLC1,235$12.9K0.01%+26+2.2%Added
ORG Wealth Partners, LLC1,626$17.0K0.00%00.0%Unchanged
Northwestern Mutual Wealth Management Co1,800$18.8K0.00%+1,800New
WPG Advisers, LLC1,893$19.8K0.01%+172+10.0%Added
Independence Bank of Kentucky3,000$31.3K0.00%00.0%Unchanged
International Assets Investment Management, LLC3,307$34.5K0.00%+3,307New
Blue Bell Private Wealth Management, LLC4,083$42.6K0.01%−388−8.7%Reduced
Hollencrest Capital Management5,190$54.2K0.00%−1,500−22.4%Reduced
Kestra Advisory Services, LLC5,400$56.4K0.00%+5,400New
US Bancorp6,000$62.6K0.00%00.0%Unchanged
Comerica Bank6,339$66.2K0.00%−7,676−54.8%Reduced
Farther Finance Advisors, LLC6,404$66.9K0.00%00.0%Unchanged
Elyxium Wealth, LLC6,644$69.4K0.02%+6,644New
Mechanics Financial Corp6,650$69.4K0.03%00.0%Unchanged
Pinnacle Wealth Planning Services, Inc.8,454$88.3K0.01%+8,454New
D.A. Davidson & Co.10,324$107.8K0.00%+214+2.1%Added
Summit Trail Advisors, LLC10,474$109.3K0.00%+10,474New
Harmony Asset Management LLC10,500$109.6K0.04%00.0%Unchanged
Moors & Cabot, Inc.10,549$110.1K0.00%+108+1.0%Added
Cerity Partners LLC10,878$113.6K0.00%+10,878New
Moody National Bank Trust Division10,962$114.4K0.01%+10,962New
Altus Wealth Group LLC11,371$118.7K0.05%00.0%Unchanged
Silverlake Wealth Management LLC11,943$124.7K0.03%+64+0.5%Added
Occidental Asset Management, LLC11,944$124.7K0.01%+893+8.1%Added
Truist Financial Corp12,163$127.0K0.00%−3,704−23.3%Reduced
Advisory Services Network, LLC12,338$128.8K0.00%00.0%Unchanged
Equitable Holdings, Inc.12,696$132.5K0.00%+164+1.3%Added
Cetera Investment Advisers13,443$140.3K0.00%−589−4.2%Reduced
Permanent Capital Management, LP13,513$141.1K0.03%+13,513New
Colony Group, LLC14,777$154.0K0.00%+14,777New
Harbour Investments, Inc.14,959$156.2K0.00%−61−0.4%Reduced
Verus Capital Partners, LLC15,000$156.6K0.01%00.0%Unchanged
Global Retirement Partners, LLC15,642$163.3K0.00%+15,642New
Millennium Management LLC16,388$171.1K0.00%00.0%Unchanged
Ashton Thomas Private Wealth, LLC16,500$172.3K0.00%+2,000+13.8%Added
First Trust Advisors LP16,899$176.4K0.00%+702+4.3%Added
RFG Advisory, LLC16,899$176.4K0.00%−391−2.3%Reduced
J.W. Cole Advisors, Inc.17,292$180.5K0.00%−852−4.7%Reduced
NWF Advisory Services Inc.17,900$186.9K0.02%00.0%Unchanged
GWM Advisors LLC18,441$192.5K0.00%+311+1.7%Added
Mariner, LLC19,042$198.8K0.00%−2,627−12.1%Reduced
Rothschild Investment LLC20,000$208.8K0.01%00.0%Unchanged
Cottage Street Advisors LLC20,000$208.8K0.09%+10,000+100.0%Added
Providence First Trust Co20,103$209.9K0.07%00.0%Unchanged
Catalina Capital Group, LLC20,665$215.7K0.13%00.0%Unchanged
Sovereign Financial Group, Inc.21,286$222.2K0.04%+3,973+22.9%Added
Prospera Financial Services Inc22,739$237.4K0.00%−24,985−52.4%Reduced
Stonebrook Private Inc.23,320$243.5K0.05%+265+1.1%Added
Accredited Investor Services, LLC26,098$272.5K0.18%+631+2.5%Added
Cambridge Investment Research Advisors, Inc.27,550$288.0K0.00%+760+2.8%Added
Merit Financial Group, LLC27,637$288.5K0.00%+1,303+4.9%Added
MML Investors Services, LLC28,150$293.9K0.00%−4,593−14.0%Reduced
Concurrent Investment Advisors, LLC28,914$301.9K0.00%+8,506+41.7%Added
Capstone Capital Wealth Advisors29,450$307.5K0.20%00.0%Unchanged
Integrated Capital Management, Inc.31,736$331.3K0.22%+1,626+5.4%Added
Fortitude Advisory Group L.L.C.31,754$331.5K0.14%00.0%Unchanged
Ackerman Capital Advisors, LLC34,496$360.1K0.07%−1,304−3.6%Reduced
Brinker Capital Investments, LLC35,486$370.5K0.00%+8,213+30.1%Added
Burford Brothers, Inc.36,100$376.9K0.16%00.0%Unchanged
Rock Point Advisors, LLC36,983$386.1K0.10%+2,083+6.0%Added
Commonwealth Equity Services, LLC37,688$393.5K0.00%−3,570−8.7%Reduced
Stifel Financial Corp38,206$398.9K0.00%−4,511−10.6%Reduced
Jane Street Group, LLC38,680$403.8K0.00%+4,421+12.9%Added
National Asset Management, Inc.41,116$429.2K0.02%+142+0.3%Added
Charter Trust Co41,682$435.2K0.03%00.0%Unchanged
Compass Financial Group, INC42,877$447.6K0.06%+1,550+3.8%Added
Carson Advisory Inc.43,604$455.2K0.24%00.0%Unchanged
Titleist Asset Management, LLC43,751$456.8K0.04%+43,751New
Pensionmark Financial Group, LLC44,459$464.2K0.01%+12,344+38.4%Added
Aviance Capital Partners, LLC44,865$468.4K0.05%+9,275+26.1%Added
Mosaic Family Wealth Partners, LLC45,666$476.7K0.05%−5,168−10.2%Reduced
Wealth Enhancement Advisory Services, LLC45,746$478.0K0.00%+814+1.8%Added
Lido Advisors, LLC46,337$481.7K0.00%00.0%Unchanged
RSM US Wealth Management LLC51,893$542.0K0.01%+3,350+6.9%Added
Cohen & Steers, Inc.53,000$553.0K0.00%00.0%Unchanged
PFG Investments, LLC55,737$581.9K0.03%−6,966−11.1%Reduced
Cary Street Partners Financial LLC57,244$597.6K0.01%+28,523+99.3%Added
Janney Montgomery Scott LLC59,049$616.0K0.00%+14,583+32.8%Added
Ameriprise Financial Inc59,122$617.2K0.00%−8,449−12.5%Reduced
Closed-End Fund Advisors, Inc.62,541$652.9K0.39%+62,541New
Chicago Partners Investment Group LLC63,750$660.4K0.02%+272+0.4%Added
Indiana Trust & Investment Management CO67,913$709.0K0.21%00.0%Unchanged
Traub Capital Management LLC75,855$791.9K0.76%−14,634−16.2%Reduced
Melone Private Wealth, LLC79,955$834.7K0.35%+1,345+1.7%Added
Nuveen, LLC91,512$955.4K0.00%00.0%Unchanged
Melfa Wealth Management, LLC109,141$1.14M0.66%00.0%Unchanged
Advisor Group Holdings, Inc.113,195$1.18M0.00%−5,741−4.8%Reduced
Steward Partners Investment Advisory, LLC120,286$1.26M0.01%+11,194+10.3%Added
LPL Financial LLC121,381$1.27M0.00%+1,838+1.5%Added
Rockefeller Capital Management L.P.144,294$1.51M0.00%−15,693−9.8%Reduced
UBS Group AG145,034$1.51M0.00%−7,922−5.2%Reduced
Park Avenue Securities LLC149,028$1.56M0.01%+625+0.4%Added
Royal Bank of Canada158,446$1.65M0.00%+11,374+7.7%Added
HighTower Advisors, LLC185,111$1.93M0.00%00.0%Unchanged
Envestnet Asset Management Inc221,993$2.32M0.00%+48,647+28.1%Added
Leo Wealth, LLC247,215$2.58M0.19%+75,765+44.2%Added