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MMU

Western Asset Managed Municipals Fund
MMU

93 hedge funds and large institutions have $144M invested in Western Asset Managed Municipals Fund in 2022 Q4 according to their latest regulatory filings, with 20 funds opening new positions, 33 increasing their positions, 25 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

43% more first-time investments, than exits

New positions opened: 20 | Existing positions closed: 14

32% more repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 25

19% more capital invested

Capital invested by funds: $121M → $144M (+$23M)

4% more funds holding

Funds holding: 89 → 93 (+4)

4.13% more ownership

Funds ownership: 28.83% → 32.96% (+4.1%)

Holders
93
Holders Change
+4
Holders Change %
+4.49%
% of All Funds
1.49%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.03%
New
20
Increased
33
Reduced
25
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$13.8M
2
Morgan Stanley
Morgan Stanley
New York
+$1.87M
3
GC
Guggenheim Capital
Illinois
+$1.68M
4
LSC
Logan Stone Capital
Illinois
+$1.36M
5
RCM
Rivernorth Capital Management
Florida
+$771K

Top Sellers

Rank Fund Capital Flow
1
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$3.28M
2
BCM
Brookstone Capital Management
Illinois
-$903K
3
ACA
Ackerman Capital Advisors
Texas
-$495K
4
UBS Group
UBS Group
Switzerland
-$486K
5
Truist Financial
Truist Financial
North Carolina
-$406K
Name Holding Trade Value Shares
Change 		Change in
Stake
WP
26
Woodline Partners
California
$741K +$729K +73,574 New
CPIG
27
Chicago Partners Investment Group
Illinois
$664K +$971 +98 +0.2%
MFWP
28
Mosaic Family Wealth Partners
Missouri
$621K +$611K +61,641 New
MC
29
Moors & Cabot
Massachusetts
$608K +$598K +60,362 New
ASN
30
Advisory Services Network
Georgia
$560K +$551K +55,591 New
Truist Financial
31
Truist Financial
North Carolina
$546K -$406K -41,017 -43%
RPA
32
Rock Point Advisors
Vermont
$500K -$86.7K -8,750 -15%
Osaic Holdings
33
Osaic Holdings
Arizona
$500K -$8.58K -866 -2%
BW
34
Bison Wealth
Georgia
$466K -$19.9K -2,007 -4%
AMC
35
Asset Management Corp
Illinois
$423K +$1.64K +165 +0.4%
PWS
36
Private Wealth Strategies
Ohio
$402K +$6.03K +608 +2%
BA
37
Bridgewater Advisors
New York
$397K – – –
CFGSD
38
Compass Financial Group (South Dakota)
South Dakota
$373K +$367K +37,045 New
COLIM
39
City of London Investment Management
United Kingdom
$309K – – –
RP
40
Riverbridge Partners
Minnesota
$300K +$296K +29,832 New
MWM
41
Melfa Wealth Management
Massachusetts
$290K +$286K +28,814 New
MML Investors Services
42
MML Investors Services
Massachusetts
$288K +$3.71K +374 +1%
PFT
43
Providence First Trust
Arizona
$288K – – –
Stifel Financial
44
Stifel Financial
Missouri
$284K +$5.17K +522 +2%
RJFSA
45
Raymond James Financial Services Advisors
Florida
$239K -$289K -29,202 -55%
Commonwealth Equity Services
46
Commonwealth Equity Services
Massachusetts
$217K – – –
AWG
47
Altus Wealth Group
Colorado
$209K -$14.9K -1,500 -7%
WAM
48
Weiss Asset Management
Massachusetts
$203K +$200K +20,166 New
1W
49
1776 Wealth
Georgia
$201K – – –
Northern Trust
50
Northern Trust
Illinois
$196K -$29.7K -3,000 -13%
1
2
3 4 5

MMU Hedge Fund Activity: Q4 2022 in Review

93 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Western Asset Managed Municipals Fund (MMU) for Q4 2022, worth a combined $144M — up 19% from $121M a quarter earlier.

Buyers outnumbered sellers: 20 funds opened new MMU positions and 14 closed out — a net gain of 6 holders — while 33 added to existing stakes and 25 trimmed.

The largest buyer was Karpus Investment Management, adding an estimated $13.8M. The largest seller was Fiera Capital (Canada), exiting entirely with an estimated $3.28M sold.

  • 93 institutional investors held Western Asset Managed Municipals Fund (MMU) as of Q4 2022, up from 89 in Q3 2022.
  • Funds reported $144M of Western Asset Managed Municipals Fund stock for Q4 2022, up 19% quarter-over-quarter.
  • 20 funds opened new Western Asset Managed Municipals Fund positions in Q4 2022 and 14 closed out, a net change of +6 holders.
  • The largest Western Asset Managed Municipals Fund buyer in Q4 2022 was Karpus Investment Management, an estimated $13.8M added.
  • The largest Western Asset Managed Municipals Fund seller in Q4 2022 was Fiera Capital (Canada), an estimated $3.28M sold.

Based on aggregated 13F filings for Q4 2022.