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MMU

Western Asset Managed Municipals Fund
MMU

81 hedge funds and large institutions have $131M invested in Western Asset Managed Municipals Fund in 2021 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 29 increasing their positions, 17 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

71% more repeat investments, than reductions

Existing positions increased: 29 | Existing positions reduced: 17

10% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 10

5% more capital invested

Capital invested by funds: $125M → $131M (+$6.27M)

1.55% more ownership

Funds ownership: 21.61% → 23.17% (+1.6%)

1% more funds holding

Funds holding: 80 → 81 (+1)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

Holders
81
Holders Change
+1
Holders Change %
+1.25%
% of All Funds
1.25%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
11
Increased
29
Reduced
17
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$3.85M
2
PPA
Parametric Portfolio Associates
Washington
+$3.17M
3
Morgan Stanley
Morgan Stanley
New York
+$2.15M
4
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
+$1.16M
5
GC
Guggenheim Capital
Illinois
+$937K

Top Sellers

Rank Fund Capital Flow
1
HWAM
Hennion & Walsh Asset Management
New Jersey
-$3.22M
2
Citadel Advisors
Citadel Advisors
Florida
-$1.81M
3
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$675K
4
Cohen & Steers
Cohen & Steers
New York
-$382K
5
Bank of America
Bank of America
North Carolina
-$361K
Name Holding Trade Value Shares
Change 		Change in
Stake
AP
26
Americana Partners
Texas
$682K -$12.2K -925 -2%
AMC
27
Asset Management Corp
Illinois
$583K -$81.9K -6,215 -12%
MML Investors Services
28
MML Investors Services
Massachusetts
$574K -$57.2K -4,341 -9%
CAN
29
Cetera Advisor Networks
California
$553K +$27.2K +2,063 +5%
BA
30
Bridgewater Advisors
New York
$540K – – –
LPL Financial
31
LPL Financial
California
$538K +$209K +15,848 +63%
PWS
32
Private Wealth Strategies
Ohio
$500K +$6.15K +467 +1%
6M
33
6 Meridian
Kansas
$453K -$43.3K -3,284 -9%
BW
34
Bison Wealth
Georgia
$407K +$223K +16,927 +119%
COLIM
35
City of London Investment Management
United Kingdom
$401K – – –
PFT
36
Providence First Trust
Arizona
$401K – – –
Stifel Financial
37
Stifel Financial
Missouri
$387K +$103K +7,781 +36%
HCM
38
Hollencrest Capital Management
California
$372K – – –
BSW
39
Buckingham Strategic Wealth
Missouri
$347K – – –
Commonwealth Equity Services
40
Commonwealth Equity Services
Massachusetts
$321K +$13.4K +1,021 +4%
SWM
41
SeaCrest Wealth Management
New York
$319K – – –
AWG
42
Altus Wealth Group
Colorado
$291K – – –
1W
43
1776 Wealth
Georgia
$262K – – –
APA
44
American Portfolios Advisors
New York
$251K – – –
BHWM
45
Bar Harbor Wealth Management
New Hampshire
$237K – – –
CSA
46
Cottage Street Advisors
Massachusetts
$235K +$237K +18,000 New
WKWM
47
Walter & Keenan Wealth Management
Indiana
$234K – – –
EW
48
Evoke Wealth
California
$222K – – –
Millennium Management
49
Millennium Management
New York
$222K +$223K +16,952 New
OC
50
Oppenheimer & Co
New York
$214K -$3.79K -288 -2%
1
2
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MMU Hedge Fund Activity: Q4 2021 in Review

81 of the 6,498 institutional investors tracked by Wall St. Rank reported a position in Western Asset Managed Municipals Fund (MMU) for Q4 2021, worth a combined $131M — up 5% from $125M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new MMU positions and 10 closed out — a net gain of 1 holder — while 29 added to existing stakes and 17 trimmed.

The largest buyer was Rivernorth Capital Management, adding an estimated $3.85M. The largest seller was Hennion & Walsh Asset Management, exiting entirely with an estimated $3.22M sold.

  • 81 institutional investors held Western Asset Managed Municipals Fund (MMU) as of Q4 2021, up from 80 in Q3 2021.
  • Funds reported $131M of Western Asset Managed Municipals Fund stock for Q4 2021, up 5% quarter-over-quarter.
  • 11 funds opened new Western Asset Managed Municipals Fund positions in Q4 2021 and 10 closed out, a net change of +1 holder.
  • The largest Western Asset Managed Municipals Fund buyer in Q4 2021 was Rivernorth Capital Management, an estimated $3.85M added.
  • The largest Western Asset Managed Municipals Fund seller in Q4 2021 was Hennion & Walsh Asset Management, an estimated $3.22M sold.

Based on aggregated 13F filings for Q4 2021.