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MMU

Western Asset Managed Municipals Fund
MMU

121 hedge funds and large institutions have $273M invested in Western Asset Managed Municipals Fund in 2023 Q4 according to their latest regulatory filings, with 45 funds opening new positions, 47 increasing their positions, 21 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

309% more first-time investments, than exits

New positions opened: 45 | Existing positions closed: 11

124% more repeat investments, than reductions

Existing positions increased: 47 | Existing positions reduced: 21

74% more capital invested

Capital invested by funds: $156M → $273M (+$116M)

38% more funds holding

Funds holding: 88 → 121 (+33)

8.57% more ownership

Funds ownership: 40.36% → 48.93% (+8.6%)

Holders
121
Holders Change
+33
Holders Change %
+37.5%
% of All Funds
1.76%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.01%
New
45
Increased
47
Reduced
21
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$18.4M
2
RCM
Rivernorth Capital Management
Florida
+$9.64M
3
SCM
Saba Capital Management
New York
+$7.28M
4
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
+$5.72M
5
LSC
Logan Stone Capital
Illinois
+$3.82M

Top Sellers

Rank Fund Capital Flow
1
VCM
Vivaldi Capital Management
Illinois
-$1.9M
2
KIM
Karpus Investment Management
New York
-$1.09M
3
MC
Moors & Cabot
Massachusetts
-$302K
4
ASN
Advisory Services Network
Georgia
-$243K
5
AFS
Access Financial Services
Minnesota
-$183K
Name Holding Trade Value Shares
Change 		Change in
Stake
N
26
Nuveen
North Carolina
$1.25M +$1.16M +122,946 New
LCM
27
Landscape Capital Management
New Jersey
$1.18M +$744K +78,820 +210%
Envestnet Asset Management
28
Envestnet Asset Management
Illinois
$1.11M +$69.2K +7,338 +7%
MWM
29
Melfa Wealth Management
Massachusetts
$1.11M +$754K +79,896 +275%
Royal Bank of Canada
30
Royal Bank of Canada
Ontario, Canada
$1.09M -$131K -13,919 -12%
PAS
31
Park Avenue Securities
New York
$1.05M +$62.7K +6,643 +7%
Bank of America
32
Bank of America
North Carolina
$900K -$118K -12,484 -12%
Ameriprise
33
Ameriprise
Minnesota
$868K -$88.5K -9,386 -10%
SPIA
34
Steward Partners Investment Advisory
New York
$790K +$582K +61,705 +387%
RIL
35
Rothschild Investment LLC
Illinois
$784K +$727K +77,104 New
BRWA
36
B. Riley Wealth Advisors
Florida
$749K +$516K +54,665 +288%
FCH
37
Freestone Capital Holdings
Washington
$691K +$641K +67,909 New
SP
38
Stonebrook Private
Michigan
$665K +$617K +65,365 New
ITIM
39
Indiana Trust & Investment Management
Indiana
$656K +$609K +64,512 New
CPIG
40
Chicago Partners Investment Group
Illinois
$642K +$2.42K +256 +0.4%
MFWP
41
Mosaic Family Wealth Partners
Missouri
$565K – – –
Stifel Financial
42
Stifel Financial
Missouri
$535K +$193K +20,473 +64%
MC
43
Moors & Cabot
Massachusetts
$533K -$302K -31,963 -38%
BA
44
Bridgewater Advisors
New York
$505K +$96.7K +10,249 +26%
RPA
45
Rock Point Advisors
Vermont
$475K -$14.2K -1,500 -3%
Bank of New York Mellon
46
Bank of New York Mellon
New York
$474K +$14.1K +1,497 +3%
Osaic Holdings
47
Osaic Holdings
Arizona
$445K -$99.8K -10,574 -19%
Wealth Enhancement Advisory Services
48
Wealth Enhancement Advisory Services
Minnesota
$442K -$3.95K -419 -1%
SWA
49
Stratos Wealth Advisors
Ohio
$432K +$1.51K +160 +0.4%
BHWM
50
Bar Harbor Wealth Management
New Hampshire
$424K +$215K +22,760 +120%
1
2
3 4 5

MMU Hedge Fund Activity: Q4 2023 in Review

121 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Western Asset Managed Municipals Fund (MMU) for Q4 2023, worth a combined $273M — up 74% from $156M a quarter earlier.

Buyers outnumbered sellers: 45 funds opened new MMU positions and 11 closed out — a net gain of 34 holders — while 47 added to existing stakes and 21 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $18.4M. The largest seller was Vivaldi Capital Management, cutting an estimated $1.9M.

  • 121 institutional investors held Western Asset Managed Municipals Fund (MMU) as of Q4 2023, up from 88 in Q3 2023.
  • Funds reported $273M of Western Asset Managed Municipals Fund stock for Q4 2023, up 74% quarter-over-quarter.
  • 45 funds opened new Western Asset Managed Municipals Fund positions in Q4 2023 and 11 closed out, a net change of +34 holders.
  • The largest Western Asset Managed Municipals Fund buyer in Q4 2023 was Morgan Stanley, an estimated $18.4M added.
  • The largest Western Asset Managed Municipals Fund seller in Q4 2023 was Vivaldi Capital Management, an estimated $1.9M sold.

Based on aggregated 13F filings for Q4 2023.