Western Asset Managed Municipals Fund
MMU
46 hedge funds and large institutions have $57.1M invested in Western Asset Managed Municipals Fund in 2014 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 14 increasing their positions, 11 reducing their positions, and 5 closing their positions.
27% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 11
3% more capital invested
Capital invested by funds: $55.4M → $57.1M (+$1.67M)
0% more funds holding
Funds holding: 46 → 46 (0)
0% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 5
0.27% less ownership
Funds ownership: 10.84% → 10.56% (-0.27%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$1.17M |
| 2 |
LPL Financial
San Diego,
California
|
+$315K |
| 3 |
EFS
Essex Financial Services
Essex,
Connecticut
|
+$157K |
| 4 |
BBHC
Brown Brothers Harriman & Co
New York
|
+$101K |
| 5 |
U
UBS
Zurich,
Switzerland
|
+$81.4K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.51M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$828K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$477K |
| 4 |
SG Americas Securities
New York
|
-$331K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$104K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Creative Planning
Overland Park,
Kansas
| – | -$7K | -567 | Closed |
|
MMU Hedge Fund Activity: Q1 2014 in Review
46 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Western Asset Managed Municipals Fund (MMU) for Q1 2014, worth a combined $57.1M — up 3% from $55.4M a quarter earlier.
Fund positioning in MMU was balanced in Q1 2014: 5 funds opened new positions, 5 closed out, 14 added to existing stakes and 11 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $1.17M. The largest seller was Advisors Asset Management, exiting entirely with an estimated $1.51M sold.
- 46 institutional investors held Western Asset Managed Municipals Fund (MMU) as of Q1 2014, unchanged from Q4 2013.
- Funds reported $57.1M of Western Asset Managed Municipals Fund stock for Q1 2014, up 3% quarter-over-quarter.
- 5 funds opened new Western Asset Managed Municipals Fund positions in Q1 2014 and 5 closed out, a net change of 0 holders.
- The largest Western Asset Managed Municipals Fund buyer in Q1 2014 was Morgan Stanley, an estimated $1.17M added.
- The largest Western Asset Managed Municipals Fund seller in Q1 2014 was Advisors Asset Management, an estimated $1.51M sold.
Based on aggregated 13F filings for Q1 2014.