Western Asset Managed Municipals Fund
MMU
76 hedge funds and large institutions have $113M invested in Western Asset Managed Municipals Fund in 2021 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 30 increasing their positions, 20 reducing their positions, and 10 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 20
18% more capital invested
Capital invested by funds: $95.8M → $113M (+$17.5M)
3.02% more ownership
Funds ownership: 17.21% → 20.23% (+3%)
5% less funds holding
Funds holding: 80 → 76 (-4)
40% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 10
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
|
+$5.82M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$4.01M |
| 3 |
HighTower Advisors
Chicago,
Illinois
|
+$3.85M |
| 4 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$2.81M |
| 5 |
Truist Financial
Charlotte,
North Carolina
|
+$1.04M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$2.39M |
| 2 |
Morgan Stanley
New York
|
-$1.09M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$667K |
| 4 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$630K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$519K |
MMU Hedge Fund Activity: Q1 2021 in Review
76 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Western Asset Managed Municipals Fund (MMU) for Q1 2021, worth a combined $113M — up 18% from $95.8M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of MMU and 6 opened new positions — a net loss of 4 holders — while 20 trimmed existing stakes and 30 added.
The largest buyer was Rivernorth Capital Management, adding an estimated $5.82M. The largest seller was Mariner Investment Group, exiting entirely with an estimated $2.39M sold.
- 76 institutional investors held Western Asset Managed Municipals Fund (MMU) as of Q1 2021, down from 80 in Q4 2020.
- Funds reported $113M of Western Asset Managed Municipals Fund stock for Q1 2021, up 18% quarter-over-quarter.
- 6 funds opened new Western Asset Managed Municipals Fund positions in Q1 2021 and 10 closed out, a net change of -4 holders.
- The largest Western Asset Managed Municipals Fund buyer in Q1 2021 was Rivernorth Capital Management, an estimated $5.82M added.
- The largest Western Asset Managed Municipals Fund seller in Q1 2021 was Mariner Investment Group, an estimated $2.39M sold.
Based on aggregated 13F filings for Q1 2021.