Western Asset Managed Municipals Fund
MMU
50 hedge funds and large institutions have $59.3M invested in Western Asset Managed Municipals Fund in 2014 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 15 increasing their positions, 11 reducing their positions, and 2 closing their positions.
250% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 2
36% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 11
9% more funds holding
Funds holding: 46 → 50 (+4)
4% more capital invested
Capital invested by funds: $57.1M → $59.3M (+$2.19M)
0.11% more ownership
Funds ownership: 10.56% → 10.67% (+0.11%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
U
UBS
Zurich,
Switzerland
|
+$648K |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$390K |
| 3 |
Wells Fargo
San Francisco,
California
|
+$263K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$205K |
| 5 |
NCM
Newgate Capital Management
Greenwich,
Connecticut
|
+$167K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$1.05M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$428K |
| 3 |
Morgan Stanley
New York
|
-$283K |
| 4 |
HCM
Hollencrest Capital Management
Newport Beach,
California
|
-$59.1K |
| 5 |
HighTower Advisors
Chicago,
Illinois
|
-$53.3K |
MMU Hedge Fund Activity: Q2 2014 in Review
50 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Western Asset Managed Municipals Fund (MMU) for Q2 2014, worth a combined $59.3M — up 3.8% from $57.1M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new MMU positions and 2 closed out — a net gain of 5 holders — while 15 added to existing stakes and 11 trimmed.
The largest buyer was UBS, adding an estimated $648K. The largest seller was Invesco, cutting an estimated $1.05M.
- 50 institutional investors held Western Asset Managed Municipals Fund (MMU) as of Q2 2014, up from 46 in Q1 2014.
- Funds reported $59.3M of Western Asset Managed Municipals Fund stock for Q2 2014, up 3.8% quarter-over-quarter.
- 7 funds opened new Western Asset Managed Municipals Fund positions in Q2 2014 and 2 closed out, a net change of +5 holders.
- The largest Western Asset Managed Municipals Fund buyer in Q2 2014 was UBS, an estimated $648K added.
- The largest Western Asset Managed Municipals Fund seller in Q2 2014 was Invesco, an estimated $1.05M sold.
Based on aggregated 13F filings for Q2 2014.