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.
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%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$18.4M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$9.64M |
| 3 |
SCM
Saba Capital Management
New York
|
+$7.28M |
| 4 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$5.72M |
| 5 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$3.82M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VCM
Vivaldi Capital Management
Chicago,
Illinois
|
-$1.9M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$1.09M |
| 3 |
MC
Moors & Cabot
Boston,
Massachusetts
|
-$302K |
| 4 |
ASN
Advisory Services Network
Atlanta,
Georgia
|
-$243K |
| 5 |
AFS
Access Financial Services
Minneapolis,
Minnesota
|
-$183K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SWM
126
Silverlake Wealth Management
Williston,
Vermont
| – | -$109K | -12,259 | Closed |
|
127
Jane Street
New York
| – | -$103K | -11,586 | Closed |
|
|
MOS
128
MGO One Seven
Beachwood,
Ohio
| – | -$100K | -11,253 | Closed |
|
|
WP
129
Woodline Partners
San Francisco,
California
| – | -$91.6K | -10,254 | Closed |
|
|
BBHC
130
Brown Brothers Harriman & Co
New York
| – | -$71.4K | -8,000 | Closed |
|
|
FFA
131
Farther Finance Advisors
San Francisco,
California
| – | -$13.5K | -1,511 | Closed |
|
|
TRCT
132
Tower Research Capital (TRC)
New York
| – | -$4.03K | -451 | Closed |
|
|
FIA
133
FNY Investment Advisers
New York
| – | -$3K | -400 | Closed |
|
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.