Western Asset Managed Municipals Fund
MMU
83 hedge funds and large institutions have $70.6M invested in Western Asset Managed Municipals Fund in 2018 Q2 according to their latest regulatory filings, with 18 funds opening new positions, 17 increasing their positions, 14 reducing their positions, and 7 closing their positions.
157% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 7
21% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 14
14% more funds holding
Funds holding: 73 → 83 (+10)
0.03% less ownership
Funds ownership: 12.63% → 12.61% (-0.03%)
1% less capital invested
Capital invested by funds: $71.2M → $70.6M (-$596K)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$1.58M |
| 2 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$1.03M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$998K |
| 4 |
CWM
Cornerstone Wealth Management
St. Peters,
Missouri
|
+$383K |
| 5 |
VanEck Associates
New York
|
+$342K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
-$2.71M |
| 2 |
Morgan Stanley
New York
|
-$1.71M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$1.19M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$721K |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
-$421K |
MMU Hedge Fund Activity: Q2 2018 in Review
83 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Western Asset Managed Municipals Fund (MMU) for Q2 2018, worth a combined $70.6M — down 0.84% from $71.2M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new MMU positions and 7 closed out — a net gain of 11 holders — while 17 added to existing stakes and 14 trimmed.
The largest buyer was Robinson Capital Management, adding an estimated $1.58M. The largest seller was Laurion Capital Management, exiting entirely with an estimated $2.71M sold.
- 83 institutional investors held Western Asset Managed Municipals Fund (MMU) as of Q2 2018, up from 73 in Q1 2018.
- Funds reported $70.6M of Western Asset Managed Municipals Fund stock for Q2 2018, down 0.84% quarter-over-quarter.
- 18 funds opened new Western Asset Managed Municipals Fund positions in Q2 2018 and 7 closed out, a net change of +11 holders.
- The largest Western Asset Managed Municipals Fund buyer in Q2 2018 was Robinson Capital Management, an estimated $1.58M added.
- The largest Western Asset Managed Municipals Fund seller in Q2 2018 was Laurion Capital Management, an estimated $2.71M sold.
Based on aggregated 13F filings for Q2 2018.