Western Asset Managed Municipals Fund
MMU
81 hedge funds and large institutions have $131M invested in Western Asset Managed Municipals Fund in 2021 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 29 increasing their positions, 17 reducing their positions, and 10 closing their positions.
71% more repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 17
10% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 10
5% more capital invested
Capital invested by funds: $125M → $131M (+$6.27M)
1.55% more ownership
Funds ownership: 21.61% → 23.17% (+1.6%)
1% more funds holding
Funds holding: 80 → 81 (+1)
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
|
+$3.85M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$3.17M |
| 3 |
Morgan Stanley
New York
|
+$2.15M |
| 4 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$1.16M |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$937K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
-$3.22M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$1.81M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$675K |
| 4 |
Cohen & Steers
New York
|
-$382K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$361K |
MMU Hedge Fund Activity: Q4 2021 in Review
81 of the 6,498 institutional investors tracked by Wall St. Rank reported a position in Western Asset Managed Municipals Fund (MMU) for Q4 2021, worth a combined $131M — up 5% from $125M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new MMU positions and 10 closed out — a net gain of 1 holder — while 29 added to existing stakes and 17 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $3.85M. The largest seller was Hennion & Walsh Asset Management, exiting entirely with an estimated $3.22M sold.
- 81 institutional investors held Western Asset Managed Municipals Fund (MMU) as of Q4 2021, up from 80 in Q3 2021.
- Funds reported $131M of Western Asset Managed Municipals Fund stock for Q4 2021, up 5% quarter-over-quarter.
- 11 funds opened new Western Asset Managed Municipals Fund positions in Q4 2021 and 10 closed out, a net change of +1 holder.
- The largest Western Asset Managed Municipals Fund buyer in Q4 2021 was Rivernorth Capital Management, an estimated $3.85M added.
- The largest Western Asset Managed Municipals Fund seller in Q4 2021 was Hennion & Walsh Asset Management, an estimated $3.22M sold.
Based on aggregated 13F filings for Q4 2021.