Western Asset Managed Municipals Fund
MMU
46 hedge funds and large institutions have $55.4M invested in Western Asset Managed Municipals Fund in 2013 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 11 increasing their positions, 12 reducing their positions, and 6 closing their positions.
50% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 6
9% more capital invested
Capital invested by funds: $51M → $55.4M (+$4.44M)
5% more funds holding
Funds holding: 44 → 46 (+2)
1.15% more ownership
Funds ownership: 9.69% → 10.84% (+1.1%)
8% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$7.03M |
| 2 |
OFG
OTA Financial Group
Purchase,
New York
|
+$643K |
| 3 |
SG Americas Securities
New York
|
+$335K |
| 4 |
Northern Trust
Chicago,
Illinois
|
+$332K |
| 5 |
SAM
SignalPoint Asset Management
Springfield,
Missouri
|
+$158K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$886K |
| 2 |
U
UBS
Zurich,
Switzerland
|
-$701K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$662K |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$366K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$359K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
US Bancorp
Minneapolis,
Minnesota
| – | -$6K | -450 | Closed |
|
52
Jones Financial Companies
Des Peres,
Missouri
| – | -$3K | -240 | Closed |
|
MMU Hedge Fund Activity: Q4 2013 in Review
46 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Western Asset Managed Municipals Fund (MMU) for Q4 2013, worth a combined $55.4M — up 8.7% from $51M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new MMU positions and 6 closed out — a net gain of 3 holders — while 11 added to existing stakes and 12 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $7.03M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $886K sold.
- 46 institutional investors held Western Asset Managed Municipals Fund (MMU) as of Q4 2013, up from 44 in Q3 2013.
- Funds reported $55.4M of Western Asset Managed Municipals Fund stock for Q4 2013, up 8.7% quarter-over-quarter.
- 9 funds opened new Western Asset Managed Municipals Fund positions in Q4 2013 and 6 closed out, a net change of +3 holders.
- The largest Western Asset Managed Municipals Fund buyer in Q4 2013 was Morgan Stanley, an estimated $7.03M added.
- The largest Western Asset Managed Municipals Fund seller in Q4 2013 was Rivernorth Capital Management, an estimated $886K sold.
Based on aggregated 13F filings for Q4 2013.