Western Asset Managed Municipals Fund
MMU
89 hedge funds and large institutions have $150M invested in Western Asset Managed Municipals Fund in 2023 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 30 increasing their positions, 24 reducing their positions, and 11 closing their positions.
25% more repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 24
4% more capital invested
Capital invested by funds: $144M → $150M (+$5.81M)
0.77% more ownership
Funds ownership: 32.96% → 33.73% (+0.77%)
4% less funds holding
Funds holding: 93 → 89 (-4)
36% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 11
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$4.06M |
| 2 |
Morgan Stanley
New York
|
+$884K |
| 3 |
VanEck Associates
New York
|
+$527K |
| 4 |
Invesco
Atlanta,
Georgia
|
+$283K |
| 5 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
+$260K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$1.18M |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$707K |
| 3 |
HighTower Advisors
Chicago,
Illinois
|
-$634K |
| 4 |
WP
Woodline Partners
San Francisco,
California
|
-$628K |
| 5 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$492K |
MMU Hedge Fund Activity: Q1 2023 in Review
89 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Western Asset Managed Municipals Fund (MMU) for Q1 2023, worth a combined $150M — up 4% from $144M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of MMU and 7 opened new positions — a net loss of 4 holders — while 24 trimmed existing stakes and 30 added.
The largest buyer was Rivernorth Capital Management, adding an estimated $4.06M. The largest seller was Mariner Investment Group, exiting entirely with an estimated $1.18M sold.
- 89 institutional investors held Western Asset Managed Municipals Fund (MMU) as of Q1 2023, down from 93 in Q4 2022.
- Funds reported $150M of Western Asset Managed Municipals Fund stock for Q1 2023, up 4% quarter-over-quarter.
- 7 funds opened new Western Asset Managed Municipals Fund positions in Q1 2023 and 11 closed out, a net change of -4 holders.
- The largest Western Asset Managed Municipals Fund buyer in Q1 2023 was Rivernorth Capital Management, an estimated $4.06M added.
- The largest Western Asset Managed Municipals Fund seller in Q1 2023 was Mariner Investment Group, an estimated $1.18M sold.
Based on aggregated 13F filings for Q1 2023.