Western Asset Managed Municipals Fund
MMU
81 hedge funds and large institutions have $128M invested in Western Asset Managed Municipals Fund in 2021 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 30 increasing their positions, 17 reducing their positions, and 5 closing their positions.
100% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 5
76% more repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 17
13% more capital invested
Capital invested by funds: $113M → $128M (+$14.8M)
7% more funds holding
Funds holding: 76 → 81 (+5)
1.59% more ownership
Funds ownership: 20.23% → 21.82% (+1.6%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$6.77M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.14M |
| 3 |
CPIG
Chicago Partners Investment Group
Chicago,
Illinois
|
+$741K |
| 4 |
Truist Financial
Charlotte,
North Carolina
|
+$727K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$634K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$1.7M |
| 2 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$498K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$356K |
| 4 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$303K |
| 5 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$270K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Rockefeller Capital Management
New York
| $16K | – | – | – |
|
|
MA
77
Montag & Associates
Atlanta,
Georgia
| $12K | – | – | – |
|
|
HCC
78
Hirtle Callaghan & Co
West Conshohocken,
Pennsylvania
| $9K | – | – | – |
|
|
SWA
79
SOA Wealth Advisors
New York
| $4K | – | – | – |
|
|
AWA
80
Arkadios Wealth Advisors
Atlanta,
Georgia
| $3K | +$3.63K | +271 | New |
|
|
NFSG
81
Newbridge Financial Services Group
Boca Raton,
Florida
| $1K | +$495 | +37 | New |
|
|
BBHC
82
Brown Brothers Harriman & Co
New York
| $108 | – | – | – |
|
|
AA
83
AQR Arbitrage
Greenwich,
Connecticut
| – | -$498K | -38,318 | Closed |
|
|
KIM
84
Karpus Investment Management
Pittsford,
New York
| – | -$303K | -23,300 | Closed |
|
85
Citadel Advisors
Miami,
Florida
| – | -$147K | -11,318 | Closed |
|
|
IAIM
86
International Assets Investment Management
Orlando,
Florida
| – | -$33K | -2,555 | Closed |
|
|
PAM
87
Panagora Asset Management
Boston,
Massachusetts
| – | -$1K | -85 | Closed |
|
MMU Hedge Fund Activity: Q2 2021 in Review
81 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in Western Asset Managed Municipals Fund (MMU) for Q2 2021, worth a combined $128M — up 13% from $113M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new MMU positions and 5 closed out — a net gain of 5 holders — while 30 added to existing stakes and 17 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $6.77M. The largest seller was Robinson Capital Management, cutting an estimated $1.7M.
- 81 institutional investors held Western Asset Managed Municipals Fund (MMU) as of Q2 2021, up from 76 in Q1 2021.
- Funds reported $128M of Western Asset Managed Municipals Fund stock for Q2 2021, up 13% quarter-over-quarter.
- 10 funds opened new Western Asset Managed Municipals Fund positions in Q2 2021 and 5 closed out, a net change of +5 holders.
- The largest Western Asset Managed Municipals Fund buyer in Q2 2021 was Rivernorth Capital Management, an estimated $6.77M added.
- The largest Western Asset Managed Municipals Fund seller in Q2 2021 was Robinson Capital Management, an estimated $1.7M sold.
Based on aggregated 13F filings for Q2 2021.