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MMU

Western Asset Managed Municipals Fund
MMU

80 hedge funds and large institutions have $125M invested in Western Asset Managed Municipals Fund in 2021 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 28 increasing their positions, 17 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

65% more repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 17

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0.21% less ownership

Funds ownership: 21.82% → 21.61% (-0.21%)

2% less capital invested

Capital invested by funds: $128M → $125M (-$3.13M)

1% less funds holding

Funds holding: 81 → 80 (-1)

11% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 9

Holders
80
Holders Change
-1
Holders Change %
-1.23%
% of All Funds
1.4%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
8
Increased
28
Reduced
17
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Citadel Advisors
Citadel Advisors
Florida
+$1.85M
2
GC
Guggenheim Capital
Illinois
+$1.33M
3
RCM
Rivernorth Capital Management
Florida
+$744K
4
AP
Americana Partners
Texas
+$720K
5
BA
Bridgewater Advisors
New York
+$560K

Top Sellers

Rank Fund Capital Flow
1
PPA
Parametric Portfolio Associates
Washington
-$2.48M
2
Morgan Stanley
Morgan Stanley
New York
-$1.25M
3
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$1.09M
4
SIA
Sit Investment Associates
Minnesota
-$888K
5
RCM
Robinson Capital Management
Michigan
-$700K
Name Holding Trade Value Shares
Change 		Change in
Stake
AP
26
Americana Partners
Texas
$708K +$720K +53,100 New
AMC
27
Asset Management Corp
Illinois
$677K +$2.09K +154 +0.3%
MML Investors Services
28
MML Investors Services
Massachusetts
$644K +$74.9K +5,519 +13%
BA
29
Bridgewater Advisors
New York
$551K +$560K +41,273 New
CAN
30
Cetera Advisor Networks
California
$537K +$208K +15,332 +62%
6M
31
6 Meridian
Kansas
$506K -$24.2K -1,782 -4%
PWS
32
Private Wealth Strategies
Ohio
$504K +$4.79K +353 +0.9%
PFT
33
Providence First Trust
Arizona
$409K -$20.3K -1,500 -5%
COLIM
34
City of London Investment Management
United Kingdom
$408K – – –
KAS
35
Kestra Advisory Services
Texas
$389K +$12.3K +906 +3%
Fiera Capital (Canada)
36
Fiera Capital (Canada)
Quebec, Canada
$388K -$1.09M -80,322 -73%
Janney Montgomery Scott
37
Janney Montgomery Scott
Pennsylvania
$384K -$36.4K -2,681 -9%
Cohen & Steers
38
Cohen & Steers
New York
$382K +$388K +28,602 New
HCM
39
Hollencrest Capital Management
California
$380K – – –
BSW
40
Buckingham Strategic Wealth
Missouri
$354K – – –
LPL Financial
41
LPL Financial
California
$338K +$121K +8,890 +54%
SWM
42
SeaCrest Wealth Management
New York
$325K – – –
Commonwealth Equity Services
43
Commonwealth Equity Services
Massachusetts
$313K +$3.76K +277 +1%
AWG
44
Altus Wealth Group
Colorado
$297K – – –
Stifel Financial
45
Stifel Financial
Missouri
$291K -$72.5K -5,347 -20%
SIA
46
Sit Investment Associates
Minnesota
$268K -$888K -65,469 -77%
1W
47
1776 Wealth
Georgia
$267K – – –
APA
48
American Portfolios Advisors
New York
$256K +$9.74K +718 +4%
BHWM
49
Bar Harbor Wealth Management
New Hampshire
$242K – – –
WKWM
50
Walter & Keenan Wealth Management
Indiana
$239K – – –
1
2
3 4

MMU Hedge Fund Activity: Q3 2021 in Review

80 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in Western Asset Managed Municipals Fund (MMU) for Q3 2021, worth a combined $125M — down 2.4% from $128M a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of MMU and 8 opened new positions — a net loss of 1 holder — while 17 trimmed existing stakes and 28 added.

The largest buyer was Citadel Advisors, opening a new position worth an estimated $1.85M. The largest seller was Parametric Portfolio Associates, cutting an estimated $2.48M.

  • 80 institutional investors held Western Asset Managed Municipals Fund (MMU) as of Q3 2021, down from 81 in Q2 2021.
  • Funds reported $125M of Western Asset Managed Municipals Fund stock for Q3 2021, down 2.4% quarter-over-quarter.
  • 8 funds opened new Western Asset Managed Municipals Fund positions in Q3 2021 and 9 closed out, a net change of -1 holder.
  • The largest Western Asset Managed Municipals Fund buyer in Q3 2021 was Citadel Advisors, an estimated $1.85M added.
  • The largest Western Asset Managed Municipals Fund seller in Q3 2021 was Parametric Portfolio Associates, an estimated $2.48M sold.

Based on aggregated 13F filings for Q3 2021.