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MMU

Western Asset Managed Municipals Fund

73 hedge funds and large institutions have $97.6M invested in Western Asset Managed Municipals Fund in 2018 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 21 increasing their positions, 21 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

38% more capital invested

Capital invested by funds: $70.6M → $97.6M (+$27M)

0% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 21

0.1% less ownership

Funds ownership: 12.61%12.5% (-0.1%)

12% less funds holding

Funds holding: 8373 (-10)

83% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 12

Holders
73
Holders Change
-10
Holders Change %
-12.05%
% of All Funds
1.67%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
2
Increased
21
Reduced
21
Closed
12
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
CA
26
Clearstead Advisors
Ohio
$352K
Chevy Chase Trust
27
Chevy Chase Trust
Maryland
$303K
IFAM
28
Institutional & Family Asset Management
Colorado
$276K +$947 +75 +0.3%
FIMG
29
Financial & Investment Management Group
Michigan
$254K
PNC Financial Services Group
30
PNC Financial Services Group
Pennsylvania
$245K +$135K +10,676 +112%
IA
31
IFP Advisors
Florida
$235K -$1.3K -103 -0.5%
AA
32
AQR Arbitrage
Connecticut
$227K +$64.8K +5,132 +38%
BHWM
33
Bar Harbor Wealth Management
New Hampshire
$219K
PAG
34
Private Advisor Group
New Jersey
$208K +$31.6K +2,507 +17%
OC
35
Oppenheimer & Co
New York
$191K -$33.4K -2,647 -14%
SWM
36
SeaCrest Wealth Management
New York
$187K +$124K +9,800 +174%
Northwestern Mutual Wealth Management
37
Northwestern Mutual Wealth Management
Wisconsin
$183K -$2.44K -193 -1%
Stifel Financial
38
Stifel Financial
Missouri
$182K +$188K +14,933 New
CSA
39
Cottage Street Advisors
Massachusetts
$170K
PMG
40
ProVise Management Group
Florida
$167K -$37.2K -2,950 -18%
EFS
41
Essex Financial Services
Connecticut
$159K +$8.42K +667 +5%
DAS
42
Dynamic Advisor Solutions
Arizona
$157K
RJT
43
Raymond James Trust
Florida
$156K
MML Investors Services
44
MML Investors Services
Massachusetts
$152K +$20.3K +1,612 +15%
CCG
45
Ceeto Capital Group
Florida
$146K
FHA
46
Flagship Harbor Advisors
Massachusetts
$139K +$52.2K +4,133 +57%
FAAS
47
First Allied Advisory Services
California
$121K
DWA
48
Divergent Wealth Advisors
Utah
$115K
BBHC
49
Brown Brothers Harriman & Co
New York
$97K
QCIG
50
Quad-Cities Investment Group
Iowa
$90K -$57K -4,520 -37%

MMU Hedge Fund Activity: Q3 2018 in Review

73 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Western Asset Managed Municipals Fund (MMU) for Q3 2018, worth a combined $97.6M — up 38% from $70.6M a quarter earlier.

Sellers outnumbered buyers: 12 funds closed out of MMU and 2 opened new positions — a net loss of 10 holders — while 21 trimmed existing stakes and 21 added.

The largest buyer was Robinson Capital Management, adding an estimated $1.98M. The largest seller was Morgan Stanley, cutting an estimated $1.51M.

  • 73 institutional investors held Western Asset Managed Municipals Fund (MMU) as of Q3 2018, down from 83 in Q2 2018.
  • Funds reported $97.6M of Western Asset Managed Municipals Fund stock for Q3 2018, up 38% quarter-over-quarter.
  • 2 funds opened new Western Asset Managed Municipals Fund positions in Q3 2018 and 12 closed out, a net change of -10 holders.
  • The largest Western Asset Managed Municipals Fund buyer in Q3 2018 was Robinson Capital Management, an estimated $1.98M added.
  • The largest Western Asset Managed Municipals Fund seller in Q3 2018 was Morgan Stanley, an estimated $1.51M sold.

Based on aggregated 13F filings for Q3 2018.