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MMU

Western Asset Managed Municipals Fund
MMU

78 hedge funds and large institutions have $76.1M invested in Western Asset Managed Municipals Fund in 2019 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 18 increasing their positions, 14 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

183% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 6

29% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 14

15% more funds holding

Funds holding: 68 → 78 (+10)

7% more capital invested

Capital invested by funds: $70.9M → $76.1M (+$5.15M)

1.27% more ownership

Funds ownership: 11.89% → 13.16% (+1.3%)

Holders
78
Holders Change
+10
Holders Change %
+14.71%
% of All Funds
1.54%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
17
Increased
18
Reduced
14
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
WWM
Western Wealth Management
Colorado
+$1.48M
2
RCM
Robinson Capital Management
Michigan
+$1.26M
3
LCM
Landscape Capital Management
New Jersey
+$1.15M
4
WAM
Wolverine Asset Management
Illinois
+$766K
5
Truist Financial
Truist Financial
North Carolina
+$619K

Top Sellers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
-$364K
2
Morgan Stanley
Morgan Stanley
New York
-$336K
3
UBS Group
UBS Group
Switzerland
-$315K
4
OFG
OTA Financial Group
New York
-$301K
5
QCIG
Quad-Cities Investment Group
Iowa
-$147K
Name Holding Trade Value Shares
Change 		Change in
Stake
WIA
26
Westbourne Investment Advisors
Maryland
$563K +$30.1K +2,200 +5%
ACA
27
Ackerman Capital Advisors
Texas
$554K +$568K +41,520 New
HCM
28
Hollencrest Capital Management
California
$488K – – –
Commonwealth Equity Services
29
Commonwealth Equity Services
Massachusetts
$486K -$164 -12 -0%
PWS
30
Private Wealth Strategies
Ohio
$468K +$480K +35,142 New
FHA
31
Flagship Harbor Advisors
Massachusetts
$425K +$193K +14,144 +80%
BSW
32
Buckingham Strategic Wealth
Missouri
$353K – – –
SWM
33
SeaCrest Wealth Management
New York
$312K +$15.4K +1,125 +5%
WKWM
34
Walter & Keenan Wealth Management
Indiana
$292K – – –
SI
35
Stephens Inc
Arkansas
$280K +$219 +16 +0.1%
1W
36
1776 Wealth
Georgia
$279K +$287K +21,000 New
COLIM
37
City of London Investment Management
United Kingdom
$269K – – –
PFT
38
Providence First Trust
Arizona
$266K – – –
PNC Financial Services Group
39
PNC Financial Services Group
Pennsylvania
$243K – – –
BHWM
40
Bar Harbor Wealth Management
New Hampshire
$241K – – –
CSA
41
Cottage Street Advisors
Massachusetts
$240K – – –
OFG
42
OTA Financial Group
New York
$232K -$301K -22,024 -56%
IAA
43
Independent Advisor Alliance
North Carolina
$232K +$238K +17,436 New
EW
44
Evoke Wealth
California
$226K – – –
Stifel Financial
45
Stifel Financial
Missouri
$223K +$19.3K +1,409 +9%
SPIA
46
Steward Partners Investment Advisory
New York
$216K +$72.4K +5,300 +48%
MML Investors Services
47
MML Investors Services
Massachusetts
$213K +$1.72K +126 +0.8%
IFAM
48
Institutional & Family Asset Management
Colorado
$200K +$437 +32 +0.2%
DAS
49
Dynamic Advisor Solutions
Arizona
$191K – – –
CB
50
Commerce Bank
Missouri
$185K – – –
1
2
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MMU Hedge Fund Activity: Q4 2019 in Review

78 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Western Asset Managed Municipals Fund (MMU) for Q4 2019, worth a combined $76.1M — up 7.3% from $70.9M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new MMU positions and 6 closed out — a net gain of 11 holders — while 18 added to existing stakes and 14 trimmed.

The largest buyer was Western Wealth Management, opening a new position worth an estimated $1.48M. The largest seller was Wells Fargo, cutting an estimated $364K.

  • 78 institutional investors held Western Asset Managed Municipals Fund (MMU) as of Q4 2019, up from 68 in Q3 2019.
  • Funds reported $76.1M of Western Asset Managed Municipals Fund stock for Q4 2019, up 7.3% quarter-over-quarter.
  • 17 funds opened new Western Asset Managed Municipals Fund positions in Q4 2019 and 6 closed out, a net change of +11 holders.
  • The largest Western Asset Managed Municipals Fund buyer in Q4 2019 was Western Wealth Management, an estimated $1.48M added.
  • The largest Western Asset Managed Municipals Fund seller in Q4 2019 was Wells Fargo, an estimated $364K sold.

Based on aggregated 13F filings for Q4 2019.