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MMU

Western Asset Managed Municipals Fund

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.

New
Increased
Maintained
Reduced
Closed

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: 7681 (+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: 11 (0)

Holders
81
Holders Change
+5
Holders Change %
+6.58%
% of All Funds
1.41%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.02%
New
10
Increased
30
Reduced
17
Closed
5
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$27.8M +$5.21K +389 +0%
1CP
2
1607 Capital Partners
Virginia
$16.2M +$169K +12,600 +1%
RCM
3
Rivernorth Capital Management
Florida
$15.8M +$6.77M +505,843 +76%
RCM
4
Robinson Capital Management
Michigan
$10.5M -$1.7M -126,746 -14%
PPA
5
Parametric Portfolio Associates
Washington
$8.12M +$443K +33,110 +6%
HighTower Advisors
6
HighTower Advisors
Illinois
$4.04M +$950 +71 +0%
UBS Group
7
UBS Group
Switzerland
$3.7M +$450K +33,580 +14%
HWAM
8
Hennion & Walsh Asset Management
New Jersey
$3.3M -$49.6K -3,706 -1%
VanEck Associates
9
VanEck Associates
New York
$3.07M +$188K +14,020 +7%
Bank of America
10
Bank of America
North Carolina
$2.92M -$356K -26,604 -11%
Truist Financial
11
Truist Financial
North Carolina
$2.11M +$727K +54,302 +54%
AF
12
Affiance Financial
Minnesota
$1.88M +$86.7K +6,477 +5%
Royal Bank of Canada
13
Royal Bank of Canada
Ontario, Canada
$1.77M +$122K +9,087 +7%
ACA
14
Ackerman Capital Advisors
Texas
$1.76M +$71.4K +5,331 +4%
Fiera Capital (Canada)
15
Fiera Capital (Canada)
Quebec, Canada
$1.48M -$205K -15,297 -12%
KMWM
16
Keudell/Morrison Wealth Management
Oregon
$1.29M -$24.8K -1,854 -2%
GC
17
Guggenheim Capital
Illinois
$1.18M +$634K +47,383 +120%
SIA
18
Sit Investment Associates
Minnesota
$1.16M +$1.14M +85,522 New
Osaic Holdings
19
Osaic Holdings
Arizona
$1.14M -$197K -14,750 -15%
MFW
20
Mosaic Family Wealth
Missouri
$1.13M +$72.2K +5,391 +7%
Ameriprise
21
Ameriprise
Minnesota
$1.12M -$13.5K -1,006 -1%
CPIG
22
Chicago Partners Investment Group
Illinois
$1.02M +$741K +55,319 +265%
RJFSA
23
Raymond James Financial Services Advisors
Florida
$1.01M -$35.3K -2,634 -3%
Wells Fargo
24
Wells Fargo
California
$1.01M +$11.8K +878 +1%
RJA
25
Raymond James & Associates
Florida
$928K -$73.1K -5,461 -7%

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.