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MMU

Western Asset Managed Municipals Fund
MMU

61 hedge funds and large institutions have $73.3M invested in Western Asset Managed Municipals Fund in 2017 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 15 increasing their positions, 13 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

125% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 4

15% more repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 13

7% more funds holding

Funds holding: 57 → 61 (+4)

2% more capital invested

Capital invested by funds: $71.9M → $73.3M (+$1.41M)

0.07% more ownership

Funds ownership: 12.35% → 12.43% (+0.07%)

Holders
61
Holders Change
+4
Holders Change %
+7.02%
% of All Funds
1.52%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
9
Increased
15
Reduced
13
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Ameriprise
Ameriprise
Minnesota
+$1.4M
2
WIA
Westbourne Investment Advisors
Maryland
+$520K
3
MML Investors Services
MML Investors Services
Massachusetts
+$341K
4
DA
Doliver Advisors
Texas
+$277K
5
CRC
Curi RMB Capital
Illinois
+$272K

Top Sellers

Rank Fund Capital Flow
1
Invesco
Invesco
Georgia
-$1.1M
2
Northern Trust
Northern Trust
Illinois
-$680K
3
Morgan Stanley
Morgan Stanley
New York
-$538K
4
RCM
Robinson Capital Management
Michigan
-$231K
5
Squarepoint
Squarepoint
New York
-$210K
Name Holding Trade Value Shares
Change 		Change in
Stake
MML Investors Services
26
MML Investors Services
Massachusetts
$341K +$341K +24,775 New
PAG
27
Private Advisor Group
New Jersey
$285K +$13.8K +1,000 +5%
DA
28
Doliver Advisors
Texas
$277K +$277K +20,138 New
CRC
29
Curi RMB Capital
Illinois
$272K +$272K +19,756 New
PCMC
30
Paragon Capital Management (Colorado)
Colorado
$240K +$162K +11,800 New
IA
31
IFP Advisors
Florida
$239K +$37.2K +2,703 +18%
OC
32
Oppenheimer & Co
New York
$232K -$69.7K -5,070 -23%
MIM
33
Macroview Investment Management
Maryland
$216K -$12.5K -910 -5%
EFS
34
Essex Financial Services
Connecticut
$199K – – –
FNBT
35
FineMark National Bank & Trust
Florida
$194K – – –
CSA
36
Cottage Street Advisors
Massachusetts
$193K – – –
FHA
37
Flagship Harbor Advisors
Massachusetts
$185K +$6.03K +438 +3%
RJT
38
Raymond James Trust
Florida
$183K – – –
Bank of New York Mellon
39
Bank of New York Mellon
New York
$167K +$10.1K +732 +6%
KeyBank National Association
40
KeyBank National Association
Ohio
$156K – – –
CAL
41
Capital Advisors Ltd
Ohio
$148K – – –
PNC Financial Services Group
42
PNC Financial Services Group
Pennsylvania
$139K +$8.06K +586 +6%
FAAS
43
First Allied Advisory Services
California
$138K – – –
EFSCE
44
Enterprise Financial Services Corp (EFSC)
Missouri
$135K – – –
CAL
45
Capital Analysts LLC
Pennsylvania
$128K +$128K +9,300 New
BBHC
46
Brown Brothers Harriman & Co
New York
$110K – – –
TCOV
47
Trust Company of Vermont
Vermont
$102K – – –
Creative Planning
48
Creative Planning
Kansas
$85K – – –
Fifth Third Bancorp
49
Fifth Third Bancorp
Ohio
$84K – – –
WA
50
WFG Advisors
Texas
$62K – – –
1
2
3

MMU Hedge Fund Activity: Q1 2017 in Review

61 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Western Asset Managed Municipals Fund (MMU) for Q1 2017, worth a combined $73.3M — up 2% from $71.9M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new MMU positions and 4 closed out — a net gain of 5 holders — while 15 added to existing stakes and 13 trimmed.

The largest buyer was Ameriprise, opening a new position worth an estimated $1.4M. The largest seller was Invesco, cutting an estimated $1.1M.

  • 61 institutional investors held Western Asset Managed Municipals Fund (MMU) as of Q1 2017, up from 57 in Q4 2016.
  • Funds reported $73.3M of Western Asset Managed Municipals Fund stock for Q1 2017, up 2% quarter-over-quarter.
  • 9 funds opened new Western Asset Managed Municipals Fund positions in Q1 2017 and 4 closed out, a net change of +5 holders.
  • The largest Western Asset Managed Municipals Fund buyer in Q1 2017 was Ameriprise, an estimated $1.4M added.
  • The largest Western Asset Managed Municipals Fund seller in Q1 2017 was Invesco, an estimated $1.1M sold.

Based on aggregated 13F filings for Q1 2017.