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MMU

Western Asset Managed Municipals Fund

46 hedge funds and large institutions have $57.1M invested in Western Asset Managed Municipals Fund in 2014 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 14 increasing their positions, 11 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

27% more repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 11

3% more capital invested

Capital invested by funds: $55.4M → $57.1M (+$1.67M)

0% more funds holding

Funds holding: 4646 (0)

0% more first-time investments, than exits

New positions opened: 5 | Existing positions closed: 5

0.27% less ownership

Funds ownership: 10.84%10.56% (-0.27%)

Holders
46
Holders Change
Holders Change %
0%
% of All Funds
1.33%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
5
Increased
14
Reduced
11
Closed
5
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Citigroup
26
Citigroup
New York
$163K -$42.4K -3,347 -21%
Bank of America
27
Bank of America
North Carolina
$163K +$41.5K +3,276 +34%
EFS
28
Essex Financial Services
Connecticut
$159K +$157K +12,444 New
CB
29
Commerce Bank
Missouri
$148K
Bank of New York Mellon
30
Bank of New York Mellon
New York
$146K +$13 +1 +0%
BA
31
Bridgewater Advisors
New York
$131K
KFS
32
KMS Financial Services
Washington
$129K +$1.87K +148 +1%
Bank of Montreal
33
Bank of Montreal
Ontario, Canada
$128K
EFSCE
34
Enterprise Financial Services Corp (EFSC)
Missouri
$125K
BBHC
35
Brown Brothers Harriman & Co
New York
$102K +$101K +8,000 New
EWM
36
Elite Wealth Management
Washington
$74K
Fifth Third Bancorp
37
Fifth Third Bancorp
Ohio
$68K
PSI
38
Pinnacle Summer Investments
Virginia
$34K
LTFS
39
Ladenburg Thalmann Financial Services
Florida
$28K +$430 +34 +2%
Deutsche Bank
40
Deutsche Bank
Germany
$27K
CFA
41
CT Financial Advisors
Pennsylvania
$12.8K +$11.4K +900 New
WEC
42
Winslow Evans & Crocker
Massachusetts
$10.8K -$2.53K -200 -19%
CTC
43
Central Trust Company
Missouri
$9K
TRCT
44
Tower Research Capital (TRC)
New York
$7K -$23.4K -1,851 -77%
Northern Trust
45
Northern Trust
Illinois
$6K -$46.5K -3,675 -8%
ECM
46
Estabrook Capital Management
New York
$51
AAM
47
Advisors Asset Management
Colorado
-$1.51M -123,624 Closed
OFG
48
OTA Financial Group
New York
-$636 -52,091 Closed
SG Americas Securities
49
SG Americas Securities
New York
-$331K -27,121 Closed
WCM
50
Windsor Capital Management
Arizona
-$11K -892 Closed

MMU Hedge Fund Activity: Q1 2014 in Review

46 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Western Asset Managed Municipals Fund (MMU) for Q1 2014, worth a combined $57.1M — up 3% from $55.4M a quarter earlier.

Fund positioning in MMU was balanced in Q1 2014: 5 funds opened new positions, 5 closed out, 14 added to existing stakes and 11 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $1.17M. The largest seller was Advisors Asset Management, exiting entirely with an estimated $1.51M sold.

  • 46 institutional investors held Western Asset Managed Municipals Fund (MMU) as of Q1 2014, unchanged from Q4 2013.
  • Funds reported $57.1M of Western Asset Managed Municipals Fund stock for Q1 2014, up 3% quarter-over-quarter.
  • 5 funds opened new Western Asset Managed Municipals Fund positions in Q1 2014 and 5 closed out, a net change of 0 holders.
  • The largest Western Asset Managed Municipals Fund buyer in Q1 2014 was Morgan Stanley, an estimated $1.17M added.
  • The largest Western Asset Managed Municipals Fund seller in Q1 2014 was Advisors Asset Management, an estimated $1.51M sold.

Based on aggregated 13F filings for Q1 2014.