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MMU

Western Asset Managed Municipals Fund
MMU

76 hedge funds and large institutions have $75.1M invested in Western Asset Managed Municipals Fund in 2020 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 18 increasing their positions, 19 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

1.66% more ownership

Funds ownership: 13.16% → 14.82% (+1.7%)

0% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 12

1% less capital invested

Capital invested by funds: $76.1M → $75.1M (-$995K)

5% less repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 19

3% less funds holding

Funds holding: 78 → 76 (-2)

Holders
76
Holders Change
-2
Holders Change %
-2.56%
% of All Funds
1.67%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
12
Increased
18
Reduced
19
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Robinson Capital Management
Michigan
+$5.11M
2
RCM
Rivernorth Capital Management
Florida
+$1.5M
3
Morgan Stanley
Morgan Stanley
New York
+$1.35M
4
KIM
Karpus Investment Management
New York
+$1.05M
5
MIG
Mariner Investment Group
New York
+$846K

Top Sellers

Rank Fund Capital Flow
1
WWM
Western Wealth Management
Colorado
-$1.49M
2
Bank of America
Bank of America
North Carolina
-$1.28M
3
PAG
Private Advisor Group
New Jersey
-$736K
4
LCM
Landscape Capital Management
New Jersey
-$685K
5
ACA
Ackerman Capital Advisors
Texas
-$554K
Name Holding Trade Value Shares
Change 		Change in
Stake
AMC
26
Asset Management Corp
Illinois
$610K -$18.6K -1,415 -3%
1W
27
1776 Wealth
Georgia
$530K +$276K +21,000 +100%
WIA
28
Westbourne Investment Advisors
Maryland
$476K -$32.9K -2,500 -6%
HCM
29
Hollencrest Capital Management
California
$438K – – –
PWS
30
Private Wealth Strategies
Ohio
$424K +$4.6K +350 +1%
Commonwealth Equity Services
31
Commonwealth Equity Services
Massachusetts
$419K -$19.1K -1,456 -4%
LCM
32
Landscape Capital Management
New Jersey
$383K -$685K -52,092 -62%
AA
33
AQR Arbitrage
Connecticut
$382K +$419K +31,912 New
FHA
34
Flagship Harbor Advisors
Massachusetts
$362K -$21.3K -1,620 -5%
BSW
35
Buckingham Strategic Wealth
Missouri
$317K – – –
SWM
36
SeaCrest Wealth Management
New York
$280K – – –
COLIM
37
City of London Investment Management
United Kingdom
$241K – – –
PFT
38
Providence First Trust
Arizona
$239K – – –
PNC Financial Services Group
39
PNC Financial Services Group
Pennsylvania
$219K – – –
BHWM
40
Bar Harbor Wealth Management
New Hampshire
$217K – – –
SPIA
41
Steward Partners Investment Advisory
New York
$217K +$24.6K +1,875 +12%
CSA
42
Cottage Street Advisors
Massachusetts
$215K – – –
Stifel Financial
43
Stifel Financial
Missouri
$215K +$15.9K +1,208 +7%
Cambridge Investment Research Advisors
44
Cambridge Investment Research Advisors
Iowa
$214K +$236K +17,925 New
EW
45
Evoke Wealth
California
$204K – – –
MML Investors Services
46
MML Investors Services
Massachusetts
$189K -$2.4K -183 -1%
IFAM
47
Institutional & Family Asset Management
Colorado
$179K +$184 +14 +0.1%
DAS
48
Dynamic Advisor Solutions
Arizona
$171K – – –
SI
49
Stephens Inc
Arkansas
$167K -$91.9K -6,993 -33%
APA
50
American Portfolios Advisors
New York
$163K +$4.44K +338 +3%
1
2
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MMU Hedge Fund Activity: Q1 2020 in Review

76 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Western Asset Managed Municipals Fund (MMU) for Q1 2020, worth a combined $75.1M — down 1.3% from $76.1M a quarter earlier.

Fund positioning in MMU was balanced in Q1 2020: 12 funds opened new positions, 12 closed out, 18 added to existing stakes and 19 trimmed.

The largest buyer was Robinson Capital Management, adding an estimated $5.11M. The largest seller was Western Wealth Management, exiting entirely with an estimated $1.49M sold.

  • 76 institutional investors held Western Asset Managed Municipals Fund (MMU) as of Q1 2020, down from 78 in Q4 2019.
  • Funds reported $75.1M of Western Asset Managed Municipals Fund stock for Q1 2020, down 1.3% quarter-over-quarter.
  • 12 funds opened new Western Asset Managed Municipals Fund positions in Q1 2020 and 12 closed out, a net change of 0 holders.
  • The largest Western Asset Managed Municipals Fund buyer in Q1 2020 was Robinson Capital Management, an estimated $5.11M added.
  • The largest Western Asset Managed Municipals Fund seller in Q1 2020 was Western Wealth Management, an estimated $1.49M sold.

Based on aggregated 13F filings for Q1 2020.