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MMU

Western Asset Managed Municipals Fund

59 hedge funds and large institutions have $75.1M invested in Western Asset Managed Municipals Fund in 2016 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 18 increasing their positions, 14 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

29% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 14

14% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 7

11% more capital invested

Capital invested by funds: $68M → $75.1M (+$7.16M)

0.57% more ownership

Funds ownership: 11.49%12.06% (+0.57%)

0% more funds holding

Funds holding: 5959 (0)

Holders
59
Holders Change
Holders Change %
0%
% of All Funds
1.57%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
8
Increased
18
Reduced
14
Closed
7
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
MFS
26
MSI Financial Services
Massachusetts
$332K +$2.27K +155 +0.7%
SMC
27
Smith, Moore & Co
Missouri
$319K +$313K +21,348 New
Commonwealth Equity Services
28
Commonwealth Equity Services
Massachusetts
$258K +$6.95K +474 +3%
JMPWA
29
JP Morgan Private Wealth Advisors
California
$254K
WA
30
WFG Advisors
Texas
$254K
OC
31
Oppenheimer & Co
New York
$229K -$114K -7,760 -34%
First Trust Advisors
32
First Trust Advisors
Illinois
$196K -$439K -29,926 -69%
CSA
33
Cottage Street Advisors
Massachusetts
$194K
RJT
34
Raymond James Trust
Florida
$192K
EFS
35
Essex Financial Services
Connecticut
$186K -$29.3K -2,000 -14%
PAG
36
Private Advisor Group
New Jersey
$186K +$183K +12,479 New
CA
37
Cetera Advisors
Colorado
$178K +$176K +12,006 New
YP
38
Yellowstone Partners
Idaho
$177K +$174K +11,855 New
Bank of New York Mellon
39
Bank of New York Mellon
New York
$171K
Citigroup
40
Citigroup
New York
$167K -$14.4K -984 -8%
William Blair & Company
41
William Blair & Company
Illinois
$166K -$19.5K -1,332 -11%
SPC
42
Sigma Planning Corp
Michigan
$164K +$161K +11,000 New
CAL
43
Capital Advisors Ltd
Ohio
$160K
EFSCE
44
Enterprise Financial Services Corp (EFSC)
Missouri
$146K
BBHC
45
Brown Brothers Harriman & Co
New York
$119K
Deutsche Bank
46
Deutsche Bank
Germany
$99K
Creative Planning
47
Creative Planning
Kansas
$92K +$5.86K +400 +7%
PNC Financial Services Group
48
PNC Financial Services Group
Pennsylvania
$75K -$83.1K -5,666 -53%
Fifth Third Bancorp
49
Fifth Third Bancorp
Ohio
$62K
WTB
50
Washington Trust Bank
Washington
$54K +$52.9K +3,606 New

MMU Hedge Fund Activity: Q1 2016 in Review

59 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Western Asset Managed Municipals Fund (MMU) for Q1 2016, worth a combined $75.1M — up 11% from $68M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new MMU positions and 7 closed out — a net gain of 1 holder — while 18 added to existing stakes and 14 trimmed.

The largest buyer was Invesco, adding an estimated $1.29M. The largest seller was Laurion Capital Management, exiting entirely with an estimated $970K sold.

  • 59 institutional investors held Western Asset Managed Municipals Fund (MMU) as of Q1 2016, unchanged from Q4 2015.
  • Funds reported $75.1M of Western Asset Managed Municipals Fund stock for Q1 2016, up 11% quarter-over-quarter.
  • 8 funds opened new Western Asset Managed Municipals Fund positions in Q1 2016 and 7 closed out, a net change of +1 holder.
  • The largest Western Asset Managed Municipals Fund buyer in Q1 2016 was Invesco, an estimated $1.29M added.
  • The largest Western Asset Managed Municipals Fund seller in Q1 2016 was Laurion Capital Management, an estimated $970K sold.

Based on aggregated 13F filings for Q1 2016.