Western Asset Managed Municipals Fund
MMU
44 hedge funds and large institutions have $51M invested in Western Asset Managed Municipals Fund in 2013 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 14 increasing their positions, 13 reducing their positions, and 11 closing their positions.
8% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 13
0.12% more ownership
Funds ownership: 9.57% → 9.69% (+0.12%)
6% less capital invested
Capital invested by funds: $54.3M → $51M (-$3.36M)
14% less funds holding
Funds holding: 51 → 44 (-7)
55% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$1.02M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$654K |
| 3 |
Wells Fargo
San Francisco,
California
|
+$630K |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$576K |
| 5 |
HighTower Advisors
Chicago,
Illinois
|
+$266K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$706K |
| 2 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$648K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$617K |
| 4 |
Jane Street
New York
|
-$285K |
| 5 |
DA
Doliver Advisors
Houston,
Texas
|
-$175K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PCM
51
Palouse Capital Management
Spokane,
Washington
| – | -$150K | -11,290 | Closed |
|
|
MA
52
MUFG Americas
New York
| – | -$65K | -4,896 | Closed |
|
53
Bessemer Group
Woodbridge,
New Jersey
| – | -$47K | -3,500 | Closed |
|
|
RFA
54
Reilly Financial Advisors
La Mesa,
California
| – | -$10K | -734 | Closed |
|
|
AIG
55
American International Group
New York
| – | -$2K | -150 | Closed |
|
MMU Hedge Fund Activity: Q3 2013 in Review
44 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Western Asset Managed Municipals Fund (MMU) for Q3 2013, worth a combined $51M — down 6.2% from $54.3M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of MMU and 5 opened new positions — a net loss of 6 holders — while 13 trimmed existing stakes and 14 added.
The largest buyer was Morgan Stanley, adding an estimated $1.02M. The largest seller was Advisors Asset Management, cutting an estimated $706K.
- 44 institutional investors held Western Asset Managed Municipals Fund (MMU) as of Q3 2013, down from 51 in Q2 2013.
- Funds reported $51M of Western Asset Managed Municipals Fund stock for Q3 2013, down 6.2% quarter-over-quarter.
- 5 funds opened new Western Asset Managed Municipals Fund positions in Q3 2013 and 11 closed out, a net change of -6 holders.
- The largest Western Asset Managed Municipals Fund buyer in Q3 2013 was Morgan Stanley, an estimated $1.02M added.
- The largest Western Asset Managed Municipals Fund seller in Q3 2013 was Advisors Asset Management, an estimated $706K sold.
Based on aggregated 13F filings for Q3 2013.