Western Asset Managed Municipals Fund
MMU
59 hedge funds and large institutions have $68M invested in Western Asset Managed Municipals Fund in 2015 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 16 increasing their positions, 14 reducing their positions, and 4 closing their positions.
125% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 4
14% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 14
9% more funds holding
Funds holding: 54 → 59 (+5)
9% more capital invested
Capital invested by funds: $62.3M → $68M (+$5.69M)
0.65% more ownership
Funds ownership: 10.85% → 11.49% (+0.65%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$1.27M |
| 2 |
LCM
Laurion Capital Management
New York
|
+$967K |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$755K |
| 4 |
LPL Financial
San Diego,
California
|
+$687K |
| 5 |
SWP
Stratos Wealth Partners
Beachwood,
Ohio
|
+$418K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
US Bancorp
Minneapolis,
Minnesota
|
-$527K |
| 2 |
MIM
Macroview Investment Management
Bethesda,
Maryland
|
-$469K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$432K |
| 4 |
N
Nuveen
Charlotte,
North Carolina
|
-$349K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$258K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AFP
51
Ausdal Financial Partners
Davenport,
Iowa
| $36K | +$35.7K | +2,523 | New |
|
|
MFT
52
Moisand Fitzgerald Tamayo
Orlando,
Florida
| $19K | +$18.7K | +1,320 | New |
|
|
DADC
53
D.A. Davidson & Co
Great Falls,
Montana
| $17K | – | – | – |
|
|
CFA
54
CT Financial Advisors
Chadds Ford,
Pennsylvania
| $12.8K | – | – | – |
|
55
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| $10K | -$36.9K | -2,612 | -79% |
|
|
TRCT
56
Tower Research Capital (TRC)
New York
| $9K | +$7.07K | +500 | +327% |
|
|
AIG
57
American International Group
New York
| $5K | -$17.2K | -1,214 | -78% |
|
58
ClearBridge Investments
New York
| $2K | – | – | – |
|
|
N
59
Nuveen
Charlotte,
North Carolina
| $1.83K | -$349K | -24,717 | -16% |
|
|
60
US Bancorp
Minneapolis,
Minnesota
| – | -$527K | -38,000 | Closed |
|
|
GC
61
Guggenheim Capital
Chicago,
Illinois
| – | -$432K | -31,182 | Closed |
|
|
SAM
62
SignalPoint Asset Management
Springfield,
Missouri
| – | -$143K | -10,280 | Closed |
|
|
WCM
63
Windsor Capital Management
Phoenix,
Arizona
| – | -$13K | -986 | Closed |
|
MMU Hedge Fund Activity: Q4 2015 in Review
59 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in Western Asset Managed Municipals Fund (MMU) for Q4 2015, worth a combined $68M — up 9.1% from $62.3M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new MMU positions and 4 closed out — a net gain of 5 holders — while 16 added to existing stakes and 14 trimmed.
The largest buyer was Invesco, adding an estimated $1.27M. The largest seller was US Bancorp, exiting entirely with an estimated $527K sold.
- 59 institutional investors held Western Asset Managed Municipals Fund (MMU) as of Q4 2015, up from 54 in Q3 2015.
- Funds reported $68M of Western Asset Managed Municipals Fund stock for Q4 2015, up 9.1% quarter-over-quarter.
- 9 funds opened new Western Asset Managed Municipals Fund positions in Q4 2015 and 4 closed out, a net change of +5 holders.
- The largest Western Asset Managed Municipals Fund buyer in Q4 2015 was Invesco, an estimated $1.27M added.
- The largest Western Asset Managed Municipals Fund seller in Q4 2015 was US Bancorp, an estimated $527K sold.
Based on aggregated 13F filings for Q4 2015.