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MMU

Western Asset Managed Municipals Fund
MMU

77 hedge funds and large institutions have $84M invested in Western Asset Managed Municipals Fund in 2020 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 27 increasing their positions, 19 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

42% more repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 19

12% more capital invested

Capital invested by funds: $75.1M → $84M (+$8.95M)

11% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 9

1% more funds holding

Funds holding: 76 → 77 (+1)

1.3% more ownership

Funds ownership: 14.82% → 16.13% (+1.3%)

Holders
77
Holders Change
+1
Holders Change %
+1.32%
% of All Funds
1.58%
Holding in Top 10
2
Holding in Top 10 Change
+2
Holding in Top 10 Change %
% of All Funds
0.04%
New
10
Increased
27
Reduced
19
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Robinson Capital Management
Michigan
+$5.87M
2
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
+$1.91M
3
PPA
Parametric Portfolio Associates
Washington
+$1.54M
4
MIG
Mariner Investment Group
New York
+$927K
5
RCM
Rivernorth Capital Management
Florida
+$591K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$1.6M
2
Osaic Holdings
Osaic Holdings
Arizona
-$1.56M
3
KIM
Karpus Investment Management
New York
-$952K
4
Truist Financial
Truist Financial
North Carolina
-$612K
5
Bank of America
Bank of America
North Carolina
-$577K
Name Holding Trade Value Shares
Change 		Change in
Stake
AMC
26
Asset Management Corp
Illinois
$614K +$1.42K +121 +0.2%
SWP
27
Stratos Wealth Partners
Ohio
$588K -$376K -32,003 -40%
LCM
28
Landscape Capital Management
New Jersey
$539K +$151K +12,870 +40%
6M
29
6 Meridian
Kansas
$524K +$513K +43,657 New
PWS
30
Private Wealth Strategies
Ohio
$431K +$4.86K +413 +1%
Commonwealth Equity Services
31
Commonwealth Equity Services
Massachusetts
$416K -$4.9K -417 -1%
HCM
32
Hollencrest Capital Management
California
$386K -$52.6K -4,475 -12%
FHA
33
Flagship Harbor Advisors
Massachusetts
$378K +$14.4K +1,221 +4%
Stifel Financial
34
Stifel Financial
Missouri
$348K +$130K +11,080 +62%
BSW
35
Buckingham Strategic Wealth
Missouri
$318K – – –
Truist Financial
36
Truist Financial
North Carolina
$279K -$612K -52,048 -69%
SWM
37
SeaCrest Wealth Management
New York
$277K -$3.82K -325 -1%
WKWM
38
Walter & Keenan Wealth Management
Indiana
$263K +$257K +21,900 New
RIG
39
Ramiah Investment Group
Wisconsin
$263K +$257K +21,876 New
Janney Montgomery Scott
40
Janney Montgomery Scott
Pennsylvania
$258K +$252K +21,468 New
LPL Financial
41
LPL Financial
California
$257K +$117K +9,932 +87%
1W
42
1776 Wealth
Georgia
$252K -$247K -21,000 -50%
COLIM
43
City of London Investment Management
United Kingdom
$243K – – –
PFT
44
Providence First Trust
Arizona
$240K – – –
SPIA
45
Steward Partners Investment Advisory
New York
$228K +$9.4K +800 +4%
BHWM
46
Bar Harbor Wealth Management
New Hampshire
$218K – – –
CSA
47
Cottage Street Advisors
Massachusetts
$216K – – –
EW
48
Evoke Wealth
California
$205K – – –
MML Investors Services
49
MML Investors Services
Massachusetts
$191K +$1.1K +94 +0.6%
IFAM
50
Institutional & Family Asset Management
Colorado
$181K +$294 +25 +0.2%
1
2
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MMU Hedge Fund Activity: Q2 2020 in Review

77 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Western Asset Managed Municipals Fund (MMU) for Q2 2020, worth a combined $84M — up 12% from $75.1M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new MMU positions and 9 closed out — a net gain of 1 holder — while 27 added to existing stakes and 19 trimmed.

The largest buyer was Robinson Capital Management, adding an estimated $5.87M. The largest seller was Morgan Stanley, cutting an estimated $1.6M.

  • 77 institutional investors held Western Asset Managed Municipals Fund (MMU) as of Q2 2020, up from 76 in Q1 2020.
  • Funds reported $84M of Western Asset Managed Municipals Fund stock for Q2 2020, up 12% quarter-over-quarter.
  • 10 funds opened new Western Asset Managed Municipals Fund positions in Q2 2020 and 9 closed out, a net change of +1 holder.
  • The largest Western Asset Managed Municipals Fund buyer in Q2 2020 was Robinson Capital Management, an estimated $5.87M added.
  • The largest Western Asset Managed Municipals Fund seller in Q2 2020 was Morgan Stanley, an estimated $1.6M sold.

Based on aggregated 13F filings for Q2 2020.