Western Asset Managed Municipals Fund
MMU
54 hedge funds and large institutions have $62.3M invested in Western Asset Managed Municipals Fund in 2015 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 16 increasing their positions, 15 reducing their positions, and 2 closing their positions.
350% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 2
15% more funds holding
Funds holding: 47 → 54 (+7)
10% more capital invested
Capital invested by funds: $56.8M → $62.3M (+$5.48M)
7% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 15
0.59% more ownership
Funds ownership: 10.25% → 10.85% (+0.59%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$1.67M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$1.21M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$592K |
| 4 |
US Bancorp
Minneapolis,
Minnesota
|
+$529K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$513K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MIM
Macroview Investment Management
Bethesda,
Maryland
|
-$1.03M |
| 2 |
Morgan Stanley
New York
|
-$951K |
| 3 |
First Trust Advisors
Wheaton,
Illinois
|
-$271K |
| 4 |
DA
Doliver Advisors
Houston,
Texas
|
-$145K |
| 5 |
VanEck Associates
New York
|
-$52.6K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CFA
51
CT Financial Advisors
Chadds Ford,
Pennsylvania
| $12.5K | – | – | – |
|
|
N
52
Nuveen
Charlotte,
North Carolina
| $2.13K | – | – | – |
|
53
ClearBridge Investments
New York
| $2K | – | – | – |
|
|
TRCT
54
Tower Research Capital (TRC)
New York
| $2K | +$2.13K | +153 | New |
|
55
Northern Trust
Chicago,
Illinois
| – | -$3K | -22,735 | Closed |
|
|
DA
56
Doliver Advisors
Houston,
Texas
| – | -$145K | -10,787 | Closed |
|
MMU Hedge Fund Activity: Q3 2015 in Review
54 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Western Asset Managed Municipals Fund (MMU) for Q3 2015, worth a combined $62.3M — up 9.6% from $56.8M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new MMU positions and 2 closed out — a net gain of 7 holders — while 16 added to existing stakes and 15 trimmed.
The largest buyer was Raymond James Financial Services Advisors, opening a new position worth an estimated $1.67M. The largest seller was Macroview Investment Management, cutting an estimated $1.03M.
- 54 institutional investors held Western Asset Managed Municipals Fund (MMU) as of Q3 2015, up from 47 in Q2 2015.
- Funds reported $62.3M of Western Asset Managed Municipals Fund stock for Q3 2015, up 9.6% quarter-over-quarter.
- 9 funds opened new Western Asset Managed Municipals Fund positions in Q3 2015 and 2 closed out, a net change of +7 holders.
- The largest Western Asset Managed Municipals Fund buyer in Q3 2015 was Raymond James Financial Services Advisors, an estimated $1.67M added.
- The largest Western Asset Managed Municipals Fund seller in Q3 2015 was Macroview Investment Management, an estimated $1.03M sold.
Based on aggregated 13F filings for Q3 2015.