Western Asset Managed Municipals Fund
MMU
47 hedge funds and large institutions have $58.1M invested in Western Asset Managed Municipals Fund in 2014 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 16 increasing their positions, 11 reducing their positions, and 6 closing their positions.
45% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 11
0.2% less ownership
Funds ownership: 10.67% → 10.47% (-0.2%)
2% less capital invested
Capital invested by funds: $59.3M → $58.1M (-$1.21M)
6% less funds holding
Funds holding: 50 → 47 (-3)
33% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$342K |
| 2 |
First Trust Advisors
Wheaton,
Illinois
|
+$249K |
| 3 |
U
UBS
Zurich,
Switzerland
|
+$240K |
| 4 |
Kayne Anderson Rudnick Investment Management
Los Angeles,
California
|
+$195K |
| 5 |
LPL Financial
San Diego,
California
|
+$91.3K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$1.1M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$304K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$213K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$206K |
| 5 |
NCM
Newgate Capital Management
Greenwich,
Connecticut
|
-$169K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Envestnet Asset Management
Chicago,
Illinois
| – | -$36K | -2,755 | Closed |
|
|
BRWA
52
B. Riley Wealth Advisors
Boca Raton,
Florida
| – | -$11.8K | -900 | Closed |
|
|
TRCT
53
Tower Research Capital (TRC)
New York
| – | -$7K | -555 | Closed |
|
MMU Hedge Fund Activity: Q3 2014 in Review
47 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Western Asset Managed Municipals Fund (MMU) for Q3 2014, worth a combined $58.1M — down 2% from $59.3M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of MMU and 4 opened new positions — a net loss of 2 holders — while 11 trimmed existing stakes and 16 added.
The largest buyer was Wells Fargo, adding an estimated $342K. The largest seller was Morgan Stanley, cutting an estimated $1.1M.
- 47 institutional investors held Western Asset Managed Municipals Fund (MMU) as of Q3 2014, down from 50 in Q2 2014.
- Funds reported $58.1M of Western Asset Managed Municipals Fund stock for Q3 2014, down 2% quarter-over-quarter.
- 4 funds opened new Western Asset Managed Municipals Fund positions in Q3 2014 and 6 closed out, a net change of -2 holders.
- The largest Western Asset Managed Municipals Fund buyer in Q3 2014 was Wells Fargo, an estimated $342K added.
- The largest Western Asset Managed Municipals Fund seller in Q3 2014 was Morgan Stanley, an estimated $1.1M sold.
Based on aggregated 13F filings for Q3 2014.