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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
PWS
51
Private Wealth Strategies
Ohio
$423K +$4.61K +489 +1%
CFGSD
52
Compass Financial Group (South Dakota)
South Dakota
$407K +$14.2K +1,500 +4%
Rockefeller Capital Management
53
Rockefeller Capital Management
New York
$401K +$372K +39,477 New
Truist Financial
54
Truist Financial
North Carolina
$383K +$356K +37,688 New
MC
55
Matisse Capital
Oregon
$375K +$348K +36,871 New
COLIM
56
City of London Investment Management
United Kingdom
$372K – – –
BB
57
Burford Brothers
Texas
$367K +$341K +36,100 New
CC
58
Capstone Capital
Nevada
$359K +$333K +35,344 New
AFS
59
Access Financial Services
Minnesota
$354K -$183K -19,381 -36%
RP
60
Riverbridge Partners
Minnesota
$332K +$2.83K +300 +0.9%
RJT
61
Raymond James Trust
Florida
$328K +$305K +32,290 New
Commonwealth Equity Services
62
Commonwealth Equity Services
Massachusetts
$307K +$89K +9,437 +45%
BW
63
Bison Wealth
Georgia
$306K -$14.3K -1,521 -5%
OC
64
Oppenheimer & Co
New York
$268K +$142K +15,042 +133%
FAG
65
Fortitude Advisory Group
Washington
$252K +$21K +2,222 +10%
PFT
66
Providence First Trust
Arizona
$248K -$39.6K -4,200 -15%
FPCP
67
Fort Point Capital Partners
California
$246K +$228K +24,143 New
MML Investors Services
68
MML Investors Services
Massachusetts
$223K +$13.5K +1,426 +7%
CIA
69
Concurrent Investment Advisors
Florida
$212K +$197K +20,886 New
First Trust Advisors
70
First Trust Advisors
Illinois
$212K +$196K +20,797 New
IAA
71
Ironsides Asset Advisors
North Carolina
$205K +$50.4K +5,346 +36%
1W
72
1776 Wealth
Georgia
$203K +$189K +20,000 New
ACP
73
Aviance Capital Partners
Florida
$199K +$185K +19,561 New
Mariner
74
Mariner
Kansas
$199K +$54.6K +5,791 +42%
SWP
75
Stratos Wealth Partners
Ohio
$198K – – –
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.