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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
EW
51
Evoke Wealth
California
$227K – – –
OC
52
Oppenheimer & Co
New York
$222K +$163 +12 +0.1%
Cambridge Investment Research Advisors
53
Cambridge Investment Research Advisors
Iowa
$216K +$81 +6 +0%
IFAM
54
Institutional & Family Asset Management
Colorado
$204K +$25.5K +1,881 +14%
Northwestern Mutual Wealth Management
55
Northwestern Mutual Wealth Management
Wisconsin
$201K – – –
BW
56
Bison Wealth
Georgia
$190K +$193K +14,210 New
HI
57
Harbour Investments
Wisconsin
$177K -$1.76K -130 -1%
PNC Financial Services Group
58
PNC Financial Services Group
Pennsylvania
$174K -$59.3K -4,368 -25%
CCG
59
Ceeto Capital Group
Florida
$174K – – –
SPIA
60
Steward Partners Investment Advisory
New York
$174K – – –
Mercer Global Advisors
61
Mercer Global Advisors
Colorado
$166K +$936 +69 +0.6%
Susquehanna International Group
62
Susquehanna International Group
Pennsylvania
$152K +$154K +11,387 New
PMG
63
ProVise Management Group
Florida
$144K – – –
CCC
64
Crescent Capital Consulting
Louisiana
$80K – – –
JFGIW
65
Johnson Financial Group Inc (Wisconsin)
Wisconsin
$77K – – –
OSAM
66
O'Shaughnessy Asset Management
Connecticut
$52K – – –
IWP
67
IAG Wealth Partners
Wisconsin
$42K – – –
WT
68
Washington Trust
Rhode Island
$42K – – –
IBOK
69
Independence Bank of Kentucky
Kentucky
$40K – – –
PWA
70
Phoenix Wealth Advisors
North Carolina
$40K +$40.7K +3,000 New
SSB
71
Sandy Spring Bank
Maryland
$37K – – –
AWM
72
Avondale Wealth Management
Texas
$34K – – –
AF
73
Allworth Financial
California
$32K +$312 +23 +1%
GWM
74
Geneos Wealth Management
Colorado
$23K – – –
Fifth Third Bancorp
75
Fifth Third Bancorp
Ohio
$17K – – –
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.