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MMU

Western Asset Managed Municipals Fund

57 hedge funds and large institutions have $71.9M invested in Western Asset Managed Municipals Fund in 2016 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 12 increasing their positions, 20 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

14% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 7

0.75% less ownership

Funds ownership: 13.1%12.35% (-0.75%)

3% less funds holding

Funds holding: 5957 (-2)

15% less capital invested

Capital invested by funds: $84.8M → $71.9M (-$12.9M)

40% less repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 20

Holders
57
Holders Change
-2
Holders Change %
-3.39%
% of All Funds
1.43%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
8
Increased
12
Reduced
20
Closed
7
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
PAG
26
Private Advisor Group
New Jersey
$272K -$36.3K -2,613 -12%
RCM
27
Robinson Capital Management
Michigan
$231K -$523K -37,689 -69%
MIM
28
Macroview Investment Management
Maryland
$228K -$32.5K -2,340 -12%
Squarepoint
29
Squarepoint
New York
$210K +$212K +15,300 New
IA
30
IFP Advisors
Florida
$202K -$38.6K -2,778 -16%
EFS
31
Essex Financial Services
Connecticut
$198K +$27.8K +2,000 +16%
FNBT
32
FineMark National Bank & Trust
Florida
$193K +$195K +14,074 New
CSA
33
Cottage Street Advisors
Massachusetts
$192K
RJT
34
Raymond James Trust
Florida
$182K
FHA
35
Flagship Harbor Advisors
Massachusetts
$179K +$180K +12,971 New
Bank of New York Mellon
36
Bank of New York Mellon
New York
$157K -$27.7K -1,999 -15%
KeyBank National Association
37
KeyBank National Association
Ohio
$155K -$222K -16,000 -59%
VKH
38
Virtu KCG Holdings
New York
$152K +$154K +11,072 New
CAL
39
Capital Advisors Ltd
Ohio
$148K
FAAS
40
First Allied Advisory Services
California
$137K
EFSCE
41
Enterprise Financial Services Corp (EFSC)
Missouri
$134K
PNC Financial Services Group
42
PNC Financial Services Group
Pennsylvania
$131K
BBHC
43
Brown Brothers Harriman & Co
New York
$110K
TCOV
44
Trust Company of Vermont
Vermont
$102K +$103K +7,400 New
Creative Planning
45
Creative Planning
Kansas
$84K
Fifth Third Bancorp
46
Fifth Third Bancorp
Ohio
$84K +$34.7K +2,500 +69%
WA
47
WFG Advisors
Texas
$62K -$173K -12,500 -74%
WTB
48
Washington Trust Bank
Washington
$49K
Citigroup
49
Citigroup
New York
$41K -$28.7K -2,068 -41%
GWM
50
Geneos Wealth Management
Colorado
$40K

MMU Hedge Fund Activity: Q4 2016 in Review

57 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Western Asset Managed Municipals Fund (MMU) for Q4 2016, worth a combined $71.9M — down 15% from $84.8M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new MMU positions and 7 closed out — a net gain of 1 holder — while 12 added to existing stakes and 20 trimmed.

The largest buyer was Bank of America, adding an estimated $632K. The largest seller was Invesco, cutting an estimated $1.58M.

  • 57 institutional investors held Western Asset Managed Municipals Fund (MMU) as of Q4 2016, down from 59 in Q3 2016.
  • Funds reported $71.9M of Western Asset Managed Municipals Fund stock for Q4 2016, down 15% quarter-over-quarter.
  • 8 funds opened new Western Asset Managed Municipals Fund positions in Q4 2016 and 7 closed out, a net change of +1 holder.
  • The largest Western Asset Managed Municipals Fund buyer in Q4 2016 was Bank of America, an estimated $632K added.
  • The largest Western Asset Managed Municipals Fund seller in Q4 2016 was Invesco, an estimated $1.58M sold.

Based on aggregated 13F filings for Q4 2016.