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MMU

Western Asset Managed Municipals Fund
MMU

80 hedge funds and large institutions have $95.8M invested in Western Asset Managed Municipals Fund in 2020 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 21 increasing their positions, 26 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

67% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 6

8% more capital invested

Capital invested by funds: $88.3M → $95.8M (+$7.47M)

5% more funds holding

Funds holding: 76 → 80 (+4)

0.5% more ownership

Funds ownership: 16.71% → 17.21% (+0.5%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

19% less repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 26

Holders
80
Holders Change
+4
Holders Change %
+5.26%
% of All Funds
1.42%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.04%
New
10
Increased
21
Reduced
26
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
1CP
1607 Capital Partners
Virginia
+$9.6M
2
ACA
Ackerman Capital Advisors
Texas
+$661K
3
PPA
Parametric Portfolio Associates
Washington
+$623K
4
AFS
Access Financial Services
Minnesota
+$259K
5
PHS
Pekin Hardy Strauss
Illinois
+$225K

Top Sellers

Rank Fund Capital Flow
1
HighTower Advisors
HighTower Advisors
Illinois
-$3.61M
2
N
Nuveen
North Carolina
-$1.58M
3
WAM
Wolverine Asset Management
Illinois
-$1.02M
4
RCM
Robinson Capital Management
Michigan
-$1.01M
5
Invesco
Invesco
Georgia
-$617K
Name Holding Trade Value Shares
Change 		Change in
Stake
KAS
26
Kestra Advisory Services
Texas
$480K +$167K +13,388 +55%
PWS
27
Private Wealth Strategies
Ohio
$473K +$6.59K +527 +1%
PFT
28
Providence First Trust
Arizona
$464K +$203K +16,200 +81%
HCM
29
Hollencrest Capital Management
California
$413K – – –
SWP
30
Stratos Wealth Partners
Ohio
$384K +$3.11K +249 +0.8%
Janney Montgomery Scott
31
Janney Montgomery Scott
Pennsylvania
$363K -$9K -720 -2%
BSW
32
Buckingham Strategic Wealth
Missouri
$340K – – –
Stifel Financial
33
Stifel Financial
Missouri
$320K -$22.9K -1,833 -7%
AWG
34
Altus Wealth Group
Colorado
$286K +$278K +22,240 New
Truist Financial
35
Truist Financial
North Carolina
$269K -$25.9K -2,072 -9%
AFS
36
Access Financial Services
Minnesota
$266K +$259K +20,700 New
WKWM
37
Walter & Keenan Wealth Management
Indiana
$263K -$17.5K -1,400 -6%
COLIM
38
City of London Investment Management
United Kingdom
$259K – – –
1W
39
1776 Wealth
Georgia
$257K -$12.5K -1,000 -5%
SWM
40
SeaCrest Wealth Management
New York
$253K -$37.3K -2,981 -13%
BHWM
41
Bar Harbor Wealth Management
New Hampshire
$233K – – –
CSA
42
Cottage Street Advisors
Massachusetts
$231K – – –
PHS
43
Pekin Hardy Strauss
Illinois
$231K +$225K +18,000 New
PNC Financial Services Group
44
PNC Financial Services Group
Pennsylvania
$224K +$109K +8,735 +100%
MML Investors Services
45
MML Investors Services
Massachusetts
$222K +$1.79K +143 +0.8%
OC
46
Oppenheimer & Co
New York
$221K +$47.6K +3,803 +28%
EW
47
Evoke Wealth
California
$218K – – –
SPIA
48
Steward Partners Investment Advisory
New York
$209K – – –
LPL Financial
49
LPL Financial
California
$203K -$33K -2,637 -14%
DAS
50
Dynamic Advisor Solutions
Arizona
$193K – – –
1
2
3 4

MMU Hedge Fund Activity: Q4 2020 in Review

80 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Western Asset Managed Municipals Fund (MMU) for Q4 2020, worth a combined $95.8M — up 8.5% from $88.3M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new MMU positions and 6 closed out — a net gain of 4 holders — while 21 added to existing stakes and 26 trimmed.

The largest buyer was 1607 Capital Partners, adding an estimated $9.6M. The largest seller was HighTower Advisors, exiting entirely with an estimated $3.61M sold.

  • 80 institutional investors held Western Asset Managed Municipals Fund (MMU) as of Q4 2020, up from 76 in Q3 2020.
  • Funds reported $95.8M of Western Asset Managed Municipals Fund stock for Q4 2020, up 8.5% quarter-over-quarter.
  • 10 funds opened new Western Asset Managed Municipals Fund positions in Q4 2020 and 6 closed out, a net change of +4 holders.
  • The largest Western Asset Managed Municipals Fund buyer in Q4 2020 was 1607 Capital Partners, an estimated $9.6M added.
  • The largest Western Asset Managed Municipals Fund seller in Q4 2020 was HighTower Advisors, an estimated $3.61M sold.

Based on aggregated 13F filings for Q4 2020.