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MMU

Western Asset Managed Municipals Fund
MMU

66 hedge funds and large institutions have $75.6M invested in Western Asset Managed Municipals Fund in 2017 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 15 increasing their positions, 19 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 8

0.35% less ownership

Funds ownership: 12.89% → 12.54% (-0.35%)

1% less capital invested

Capital invested by funds: $76.1M → $75.6M (-$437K)

1% less funds holding

Funds holding: 67 → 66 (-1)

21% less repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 19

Holders
66
Holders Change
-1
Holders Change %
-1.49%
% of All Funds
1.65%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
15
Reduced
19
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PCMC
Paragon Capital Management (Colorado)
Colorado
+$931K
2
UBS Group
UBS Group
Switzerland
+$862K
3
Morgan Stanley
Morgan Stanley
New York
+$757K
4
I
IberiaBank
Louisiana
+$251K
5
Bank of America
Bank of America
North Carolina
+$249K

Top Sellers

Rank Fund Capital Flow
1
RCM
Robinson Capital Management
Michigan
-$2.56M
2
Invesco
Invesco
Georgia
-$934K
3
CRC
Curi RMB Capital
Illinois
-$665K
4
LTFS
Ladenburg Thalmann Financial Services
Florida
-$311K
5
DA
Doliver Advisors
Texas
-$263K
Name Holding Trade Value Shares
Change 		Change in
Stake
CCG
26
Ceeto Capital Group
Florida
$387K +$388K +27,500 New
IA
27
IFP Advisors
Florida
$350K +$61K +4,316 +21%
IFAM
28
Institutional & Family Asset Management
Colorado
$298K +$153K +10,839 +104%
FHA
29
Flagship Harbor Advisors
Massachusetts
$267K -$7.7K -545 -3%
I
30
IberiaBank
Louisiana
$252K +$251K +17,796 New
YP
31
Yellowstone Partners
Idaho
$236K +$238K +16,865 New
MML Investors Services
32
MML Investors Services
Massachusetts
$222K +$3.93K +278 +2%
EFS
33
Essex Financial Services
Connecticut
$202K – – –
CSA
34
Cottage Street Advisors
Massachusetts
$196K – – –
OC
35
Oppenheimer & Co
New York
$181K -$14.8K -1,050 -8%
RJT
36
Raymond James Trust
Florida
$181K – – –
Bank of New York Mellon
37
Bank of New York Mellon
New York
$175K +$2.94K +208 +2%
FCH
38
Freestone Capital Holdings
Washington
$166K +$168K +11,885 New
KeyBank National Association
39
KeyBank National Association
Ohio
$159K – – –
CAL
40
Capital Advisors Ltd
Ohio
$151K – – –
FAAS
41
First Allied Advisory Services
California
$140K – – –
EFSCE
42
Enterprise Financial Services Corp (EFSC)
Missouri
$137K – – –
PNC Financial Services Group
43
PNC Financial Services Group
Pennsylvania
$134K -$8.36K -592 -6%
CAL
44
Capital Analysts LLC
Pennsylvania
$130K – – –
BBHC
45
Brown Brothers Harriman & Co
New York
$112K – – –
SEI Investments
46
SEI Investments
Pennsylvania
$97K – – –
Fifth Third Bancorp
47
Fifth Third Bancorp
Ohio
$86K – – –
MIM
48
Macroview Investment Management
Maryland
$84K -$37.9K -2,685 -31%
TCOV
49
Trust Company of Vermont
Vermont
$84K -$19.8K -1,400 -19%
SPIA
50
Steward Partners Investment Advisory
New York
$68K +$63.9K +4,526 +1,191%
1
2
3

MMU Hedge Fund Activity: Q3 2017 in Review

66 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Western Asset Managed Municipals Fund (MMU) for Q3 2017, worth a combined $75.6M — down 0.57% from $76.1M a quarter earlier.

Fund positioning in MMU was balanced in Q3 2017: 8 funds opened new positions, 8 closed out, 15 added to existing stakes and 19 trimmed.

The largest buyer was Paragon Capital Management (Colorado), opening a new position worth an estimated $931K. The largest seller was Robinson Capital Management, cutting an estimated $2.56M.

  • 66 institutional investors held Western Asset Managed Municipals Fund (MMU) as of Q3 2017, down from 67 in Q2 2017.
  • Funds reported $75.6M of Western Asset Managed Municipals Fund stock for Q3 2017, down 0.57% quarter-over-quarter.
  • 8 funds opened new Western Asset Managed Municipals Fund positions in Q3 2017 and 8 closed out, a net change of 0 holders.
  • The largest Western Asset Managed Municipals Fund buyer in Q3 2017 was Paragon Capital Management (Colorado), an estimated $931K added.
  • The largest Western Asset Managed Municipals Fund seller in Q3 2017 was Robinson Capital Management, an estimated $2.56M sold.

Based on aggregated 13F filings for Q3 2017.