Western Asset Managed Municipals Fund
MMU
76 hedge funds and large institutions have $88.3M invested in Western Asset Managed Municipals Fund in 2020 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 22 increasing their positions, 22 reducing their positions, and 9 closing their positions.
5% more capital invested
Capital invested by funds: $84M → $88.3M (+$4.32M)
0.58% more ownership
Funds ownership: 16.13% → 16.71% (+0.58%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 22
1% less funds holding
Funds holding: 77 → 76 (-1)
11% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$2.44M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$934K |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$541K |
| 4 |
MIG
Mariner Investment Group
Harrison,
New York
|
+$530K |
| 5 |
ACA
Ackerman Capital Advisors
Dallas,
Texas
|
+$515K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$830K |
| 2 |
Wells Fargo
San Francisco,
California
|
-$710K |
| 3 |
Invesco
Atlanta,
Georgia
|
-$648K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$424K |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$301K |
MMU Hedge Fund Activity: Q3 2020 in Review
76 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Western Asset Managed Municipals Fund (MMU) for Q3 2020, worth a combined $88.3M — up 5.1% from $84M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of MMU and 8 opened new positions — a net loss of 1 holder — while 22 trimmed existing stakes and 22 added.
The largest buyer was 1607 Capital Partners, opening a new position worth an estimated $2.44M. The largest seller was Sit Investment Associates, exiting entirely with an estimated $830K sold.
- 76 institutional investors held Western Asset Managed Municipals Fund (MMU) as of Q3 2020, down from 77 in Q2 2020.
- Funds reported $88.3M of Western Asset Managed Municipals Fund stock for Q3 2020, up 5.1% quarter-over-quarter.
- 8 funds opened new Western Asset Managed Municipals Fund positions in Q3 2020 and 9 closed out, a net change of -1 holder.
- The largest Western Asset Managed Municipals Fund buyer in Q3 2020 was 1607 Capital Partners, an estimated $2.44M added.
- The largest Western Asset Managed Municipals Fund seller in Q3 2020 was Sit Investment Associates, an estimated $830K sold.
Based on aggregated 13F filings for Q3 2020.