Western Asset Managed Municipals Fund
MMU
89 hedge funds and large institutions have $121M invested in Western Asset Managed Municipals Fund in 2022 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 31 increasing their positions, 26 reducing their positions, and 10 closing their positions.
19% more repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 26
1.61% more ownership
Funds ownership: 27.22% → 28.83% (+1.6%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
3% less capital invested
Capital invested by funds: $125M → $121M (-$3.56M)
3% less funds holding
Funds holding: 92 → 89 (-3)
30% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$3.23M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.42M |
| 3 |
Morgan Stanley
New York
|
+$1.01M |
| 4 |
BCM
Brookstone Capital Management
Wheaton,
Illinois
|
+$973K |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$877K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Truist Financial
Charlotte,
North Carolina
|
-$756K |
| 2 |
HighTower Advisors
Chicago,
Illinois
|
-$498K |
| 3 |
KMWM
Keudell/Morrison Wealth Management
Salem,
Oregon
|
-$320K |
| 4 |
BSW
Buckingham Strategic Wealth
Clayton,
Missouri
|
-$280K |
| 5 |
MPW
Melone Private Wealth
Auburn Hills,
Michigan
|
-$196K |
MMU Hedge Fund Activity: Q3 2022 in Review
89 of the 5,828 institutional investors tracked by Wall St. Rank reported a position in Western Asset Managed Municipals Fund (MMU) for Q3 2022, worth a combined $121M — down 2.8% from $125M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of MMU and 7 opened new positions — a net loss of 3 holders — while 26 trimmed existing stakes and 31 added.
The largest buyer was Karpus Investment Management, opening a new position worth an estimated $3.23M. The largest seller was Truist Financial, cutting an estimated $756K.
- 89 institutional investors held Western Asset Managed Municipals Fund (MMU) as of Q3 2022, down from 92 in Q2 2022.
- Funds reported $121M of Western Asset Managed Municipals Fund stock for Q3 2022, down 2.8% quarter-over-quarter.
- 7 funds opened new Western Asset Managed Municipals Fund positions in Q3 2022 and 10 closed out, a net change of -3 holders.
- The largest Western Asset Managed Municipals Fund buyer in Q3 2022 was Karpus Investment Management, an estimated $3.23M added.
- The largest Western Asset Managed Municipals Fund seller in Q3 2022 was Truist Financial, an estimated $756K sold.
Based on aggregated 13F filings for Q3 2022.