Western Asset Managed Municipals Fund
MMU
93 hedge funds and large institutions have $144M invested in Western Asset Managed Municipals Fund in 2022 Q4 according to their latest regulatory filings, with 20 funds opening new positions, 33 increasing their positions, 25 reducing their positions, and 14 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
43% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 14
32% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 25
19% more capital invested
Capital invested by funds: $121M → $144M (+$23M)
4% more funds holding
Funds holding: 89 → 93 (+4)
4.13% more ownership
Funds ownership: 28.83% → 32.96% (+4.1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$13.8M |
| 2 |
Morgan Stanley
New York
|
+$1.87M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.68M |
| 4 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$1.36M |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$771K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$3.28M |
| 2 |
BCM
Brookstone Capital Management
Wheaton,
Illinois
|
-$903K |
| 3 |
ACA
Ackerman Capital Advisors
Dallas,
Texas
|
-$495K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$486K |
| 5 |
Truist Financial
Charlotte,
North Carolina
|
-$406K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
STA
101
Summit Trail Advisors
New York
| – | -$110K | -11,270 | Closed |
|
102
Comerica Bank
Dallas,
Texas
| – | -$98K | -10,402 | Closed |
|
|
CSA
103
Cottage Street Advisors
Marion,
Massachusetts
| – | -$97K | -10,000 | Closed |
|
|
AWM
104
Avondale Wealth Management
West Lake Hills,
Texas
| – | -$24K | -2,518 | Closed |
|
|
IAMOG
105
Investors Asset Management of Georgia
Atlanta,
Georgia
| – | -$19K | -2,000 | Closed |
|
|
UB
106
UMB Bank
Kansas City,
Missouri
| – | -$17K | -1,754 | Closed |
|
|
FIA
107
FNY Investment Advisers
New York
| – | -$1K | -200 | Closed |
|
MMU Hedge Fund Activity: Q4 2022 in Review
93 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Western Asset Managed Municipals Fund (MMU) for Q4 2022, worth a combined $144M — up 19% from $121M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new MMU positions and 14 closed out — a net gain of 6 holders — while 33 added to existing stakes and 25 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $13.8M. The largest seller was Fiera Capital (Canada), exiting entirely with an estimated $3.28M sold.
- 93 institutional investors held Western Asset Managed Municipals Fund (MMU) as of Q4 2022, up from 89 in Q3 2022.
- Funds reported $144M of Western Asset Managed Municipals Fund stock for Q4 2022, up 19% quarter-over-quarter.
- 20 funds opened new Western Asset Managed Municipals Fund positions in Q4 2022 and 14 closed out, a net change of +6 holders.
- The largest Western Asset Managed Municipals Fund buyer in Q4 2022 was Karpus Investment Management, an estimated $13.8M added.
- The largest Western Asset Managed Municipals Fund seller in Q4 2022 was Fiera Capital (Canada), an estimated $3.28M sold.
Based on aggregated 13F filings for Q4 2022.