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MMU

Western Asset Managed Municipals Fund
MMU

49 hedge funds and large institutions have $60.8M invested in Western Asset Managed Municipals Fund in 2014 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 14 increasing their positions, 10 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 4

40% more repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 10

4% more funds holding

Funds holding: 47 → 49 (+2)

5% more capital invested

Capital invested by funds: $58.1M → $60.8M (+$2.74M)

0.05% more ownership

Funds ownership: 10.47% → 10.52% (+0.05%)

Holders
49
Holders Change
+2
Holders Change %
+4.26%
% of All Funds
1.31%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
14
Reduced
10
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
MIM
Macroview Investment Management
Maryland
+$1.89M
2
SG Americas Securities
SG Americas Securities
New York
+$320K
3
DA
Doliver Advisors
Texas
+$256K
4
OC
Oppenheimer & Co
New York
+$218K
5
Wells Fargo
Wells Fargo
California
+$207K

Top Sellers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
-$1.38M
2
Morgan Stanley
Morgan Stanley
New York
-$784K
3
Invesco
Invesco
Georgia
-$612K
4
SIA
Sit Investment Associates
Minnesota
-$288K
5
Northern Trust
Northern Trust
Illinois
-$155K
Name Holding Trade Value Shares
Change 		Change in
Stake
DA
26
Doliver Advisors
Texas
$258K +$256K +19,051 New
WA
27
WFG Advisors
Texas
$242K +$161 +12 +0.1%
Commonwealth Equity Services
28
Commonwealth Equity Services
Massachusetts
$229K +$268 +20 +0.1%
OC
29
Oppenheimer & Co
New York
$221K +$218K +16,252 New
William Blair & Company
30
William Blair & Company
Illinois
$208K – – –
Kayne Anderson Rudnick Investment Management
31
Kayne Anderson Rudnick Investment Management
California
$204K – – –
LTFS
32
Ladenburg Thalmann Financial Services
Florida
$176K +$143K +10,628 +465%
Bank of Montreal
33
Bank of Montreal
Ontario, Canada
$169K +$32.2K +2,400 +24%
VKH
34
Virtu KCG Holdings
New York
$157K +$155K +11,563 New
Bank of New York Mellon
35
Bank of New York Mellon
New York
$156K – – –
SAM
36
SignalPoint Asset Management
Missouri
$151K -$7.77K -579 -5%
CB
37
Commerce Bank
Missouri
$149K – – –
Citigroup
38
Citigroup
New York
$148K +$2.62K +195 +2%
PNC Financial Services Group
39
PNC Financial Services Group
Pennsylvania
$145K – – –
EFSCE
40
Enterprise Financial Services Corp (EFSC)
Missouri
$133K – – –
BBHC
41
Brown Brothers Harriman & Co
New York
$109K – – –
Fifth Third Bancorp
42
Fifth Third Bancorp
Ohio
$73K – – –
Creative Planning
43
Creative Planning
Kansas
$68K +$61.7K +4,600 +1,150%
PSI
44
Pinnacle Summer Investments
Virginia
$36K – – –
DADC
45
D.A. Davidson & Co
Montana
$16K – – –
CFA
46
CT Financial Advisors
Pennsylvania
$12.2K +$12.1K +900 New
AIG
47
American International Group
New York
$4.76K – – –
Northern Trust
48
Northern Trust
Illinois
$4K -$155K -11,532 -28%
LNB
49
Ledyard National Bank
$4K – – –
Invesco
50
Invesco
Georgia
– -$612K -46,832 Closed
1
2
3

MMU Hedge Fund Activity: Q4 2014 in Review

49 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Western Asset Managed Municipals Fund (MMU) for Q4 2014, worth a combined $60.8M — up 4.7% from $58.1M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new MMU positions and 4 closed out — a net gain of 4 holders — while 14 added to existing stakes and 10 trimmed.

The largest buyer was Macroview Investment Management, opening a new position worth an estimated $1.89M. The largest seller was Guggenheim Capital, cutting an estimated $1.38M.

  • 49 institutional investors held Western Asset Managed Municipals Fund (MMU) as of Q4 2014, up from 47 in Q3 2014.
  • Funds reported $60.8M of Western Asset Managed Municipals Fund stock for Q4 2014, up 4.7% quarter-over-quarter.
  • 8 funds opened new Western Asset Managed Municipals Fund positions in Q4 2014 and 4 closed out, a net change of +4 holders.
  • The largest Western Asset Managed Municipals Fund buyer in Q4 2014 was Macroview Investment Management, an estimated $1.89M added.
  • The largest Western Asset Managed Municipals Fund seller in Q4 2014 was Guggenheim Capital, an estimated $1.38M sold.

Based on aggregated 13F filings for Q4 2014.