Western Asset Managed Municipals Fund
MMU
91 hedge funds and large institutions have $154M invested in Western Asset Managed Municipals Fund in 2023 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 31 increasing their positions, 28 reducing their positions, and 6 closing their positions.
50% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 6
11% more repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 28
2% more funds holding
Funds holding: 89 → 91 (+2)
1.94% more ownership
Funds ownership: 33.73% → 35.67% (+1.9%)
2% more capital invested
Capital invested by funds: $150M → $154M (+$3.39M)
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
|
+$6.56M |
| 2 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$1.34M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$454K |
| 4 |
Bank of New York Mellon
New York
|
+$452K |
| 5 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$403K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$553K |
| 2 |
Morgan Stanley
New York
|
-$531K |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$336K |
| 4 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$249K |
| 5 |
Northern Trust
Chicago,
Illinois
|
-$200K |
MMU Hedge Fund Activity: Q2 2023 in Review
91 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in Western Asset Managed Municipals Fund (MMU) for Q2 2023, worth a combined $154M — up 2.3% from $150M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new MMU positions and 6 closed out — a net gain of 3 holders — while 31 added to existing stakes and 28 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $6.56M. The largest seller was Guggenheim Capital, cutting an estimated $553K.
- 91 institutional investors held Western Asset Managed Municipals Fund (MMU) as of Q2 2023, up from 89 in Q1 2023.
- Funds reported $154M of Western Asset Managed Municipals Fund stock for Q2 2023, up 2.3% quarter-over-quarter.
- 9 funds opened new Western Asset Managed Municipals Fund positions in Q2 2023 and 6 closed out, a net change of +3 holders.
- The largest Western Asset Managed Municipals Fund buyer in Q2 2023 was Rivernorth Capital Management, an estimated $6.56M added.
- The largest Western Asset Managed Municipals Fund seller in Q2 2023 was Guggenheim Capital, an estimated $553K sold.
Based on aggregated 13F filings for Q2 2023.