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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
Cambridge Investment Research Advisors
51
Cambridge Investment Research Advisors
Iowa
$212K +$119 +9 +0.1%
IFAM
52
Institutional & Family Asset Management
Colorado
$201K +$277 +21 +0.1%
FAG
53
Fortitude Advisory Group
Washington
$197K +$199K +15,070 New
SPIA
54
Steward Partners Investment Advisory
New York
$176K +$5.27K +400 +3%
HI
55
Harbour Investments
Wisconsin
$175K +$1.62K +123 +0.9%
SWM
56
Silverlake Wealth Management
Vermont
$170K +$172K +13,029 New
Mercer Global Advisors
57
Mercer Global Advisors
Colorado
$157K -$5.27K -400 -3%
PMG
58
ProVise Management Group
Florida
$154K +$13.2K +1,000 +9%
KAS
59
Kestra Advisory Services
Texas
$151K -$232K -17,584 -60%
Janney Montgomery Scott
60
Janney Montgomery Scott
Pennsylvania
$146K -$232K -17,642 -61%
LCM
61
Landscape Capital Management
New Jersey
$131K +$132K +10,023 New
PNC Financial Services Group
62
PNC Financial Services Group
Pennsylvania
$114K -$57.5K -4,367 -33%
CCC
63
Crescent Capital Consulting
Louisiana
$78K – – –
JFGIW
64
Johnson Financial Group Inc (Wisconsin)
Wisconsin
$76K – – –
Northwestern Mutual Wealth Management
65
Northwestern Mutual Wealth Management
Wisconsin
$46K -$152K -11,565 -77%
IWP
66
IAG Wealth Partners
Wisconsin
$41K – – –
IBOK
67
Independence Bank of Kentucky
Kentucky
$39K – – –
CCM
68
Chilton Capital Management
Texas
$38K +$38.6K +2,930 New
SSB
69
Sandy Spring Bank
Maryland
$37K – – –
AWM
70
Avondale Wealth Management
Texas
$33K – – –
AF
71
Allworth Financial
California
$32K +$382 +29 +1%
GWM
72
Geneos Wealth Management
Colorado
$22K – – –
Fifth Third Bancorp
73
Fifth Third Bancorp
Ohio
$17K – – –
BWM
74
BerganKDV Wealth Management
Minnesota
$16K – – –
MA
75
Montag & Associates
Georgia
$11K – – –
1 2
3
4

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.