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MMU

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.

New
Increased
Maintained
Reduced
Closed

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%)

Holders
93
Holders Change
+4
Holders Change %
+4.49%
% of All Funds
1.49%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.03%
New
20
Increased
33
Reduced
25
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
KIM
Karpus Investment Management
New York
+$13.8M
2
Morgan Stanley
Morgan Stanley
New York
+$1.87M
3
GC
Guggenheim Capital
Illinois
+$1.68M
4
LSC
Logan Stone Capital
Illinois
+$1.36M
5
RCM
Rivernorth Capital Management
Florida
+$771K

Top Sellers

1
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$3.28M
2
BCM
Brookstone Capital Management
Illinois
-$903K
3
ACA
Ackerman Capital Advisors
Texas
-$495K
4
UBS Group
UBS Group
Switzerland
-$486K
5
Truist Financial
Truist Financial
North Carolina
-$406K
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$34.2M +$1.87M +188,683 +6%
RCM
2
Rivernorth Capital Management
Florida
$24.2M +$771K +77,794 +3%
KIM
3
Karpus Investment Management
New York
$17.1M +$13.8M +1,393,947 +459%
1CP
4
1607 Capital Partners
Virginia
$12.7M -$89.2K -9,000 -0.7%
GC
5
Guggenheim Capital
Illinois
$7.6M +$1.68M +169,803 +29%
RCM
6
Robinson Capital Management
Michigan
$7.6M +$492K +49,650 +7%
VCM
7
Vivaldi Capital Management
Illinois
$3.41M +$248K +25,070 +8%
VanEck Associates
8
VanEck Associates
New York
$2.65M +$376K +37,980 +17%
HighTower Advisors
9
HighTower Advisors
Illinois
$2.33M +$264K +26,644 +13%
UBS Group
10
UBS Group
Switzerland
$2.16M -$486K -49,005 -19%
MPW
11
Melone Private Wealth
Michigan
$1.65M +$17.2K +1,738 +1%
LSC
12
Logan Stone Capital
Illinois
$1.5M +$1.36M +137,415 +1,216%
MIG
13
Mariner Investment Group
New York
$1.18M -$45.7K -4,609 -4%
PFS
14
Prospera Financial Services
Texas
$1.16M +$81.6K +8,240 +8%
AA
15
AQR Arbitrage
Connecticut
$1.11M +$361K +36,385 +49%
Bank of America
16
Bank of America
North Carolina
$1.11M -$313K -31,587 -22%
Envestnet Asset Management
17
Envestnet Asset Management
Illinois
$1.08M +$24.8K +2,501 +2%
PAS
18
Park Avenue Securities
New York
$1.05M +$33K +3,332 +3%
Royal Bank of Canada
19
Royal Bank of Canada
Ontario, Canada
$1.03M +$28K +2,821 +3%
Ameriprise
20
Ameriprise
Minnesota
$997K +$250K +25,265 +34%
LPL Financial
21
LPL Financial
California
$893K +$38.7K +3,903 +5%
AFS
22
Access Financial Services
Minnesota
$845K -$46K -4,647 -5%
Wells Fargo
23
Wells Fargo
California
$828K -$84.7K -8,549 -9%
Invesco
24
Invesco
Georgia
$794K +$236K +23,767 +43%
RJA
25
Raymond James & Associates
Florida
$784K +$39.2K +3,953 +5%
1
2 3 4 5

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.