Western Asset Managed Municipals Fund
MMU
59 hedge funds and large institutions have $84.8M invested in Western Asset Managed Municipals Fund in 2016 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 20 increasing their positions, 8 reducing their positions, and 5 closing their positions.
150% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 8
40% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 5
4% more funds holding
Funds holding: 57 → 59 (+2)
3% more capital invested
Capital invested by funds: $82.6M → $84.8M (+$2.14M)
0.28% more ownership
Funds ownership: 12.82% → 13.1% (+0.28%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$1.41M |
| 2 |
Morgan Stanley
New York
|
+$931K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$904K |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$620K |
| 5 |
AF
Affiance Financial
St. Louis Park,
Minnesota
|
+$379K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$1.53M |
| 2 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$520K |
| 3 |
LPL Financial
San Diego,
California
|
-$461K |
| 4 |
SMC
Smith, Moore & Co
Clayton,
Missouri
|
-$300K |
| 5 |
DA
Doliver Advisors
Houston,
Texas
|
-$254K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TCM
51
Tradewinds Capital Management
Bellingham,
Washington
| $32K | +$32.8K | +2,138 | New |
|
|
DADC
52
D.A. Davidson & Co
Great Falls,
Montana
| $18K | – | – | – |
|
|
CFA
53
CT Financial Advisors
Chadds Ford,
Pennsylvania
| $13.6K | – | – | – |
|
|
WP
54
WealthPLAN Partners
Omaha,
Nebraska
| $13.6K | +$13.8K | +900 | New |
|
|
IIC
55
Integrated Investment Consultants
Bloomfield Hills,
Michigan
| $10K | – | – | – |
|
56
Northern Trust
Chicago,
Illinois
| $6K | – | – | – |
|
57
ClearBridge Investments
New York
| $2K | – | – | – |
|
|
TRCT
58
Tower Research Capital (TRC)
New York
| $1K | +$1.31K | +85 | New |
|
|
AIM
59
Anchor Investment Management
Columbia,
South Carolina
| $394 | +$399 | +26 | New |
|
|
CRC
60
Curi RMB Capital
Chicago,
Illinois
| – | -$520K | -34,297 | Closed |
|
|
SMC
61
Smith, Moore & Co
Clayton,
Missouri
| – | -$300K | -19,786 | Closed |
|
|
DA
62
Doliver Advisors
Houston,
Texas
| – | -$254K | -16,595 | Closed |
|
63
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | -$100K | -6,642 | Closed |
|
64
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$11K | -700 | Closed |
|
MMU Hedge Fund Activity: Q3 2016 in Review
59 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Western Asset Managed Municipals Fund (MMU) for Q3 2016, worth a combined $84.8M — up 2.6% from $82.6M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new MMU positions and 5 closed out — a net gain of 2 holders — while 20 added to existing stakes and 8 trimmed.
The largest buyer was Invesco, adding an estimated $1.41M. The largest seller was Robinson Capital Management, cutting an estimated $1.53M.
- 59 institutional investors held Western Asset Managed Municipals Fund (MMU) as of Q3 2016, up from 57 in Q2 2016.
- Funds reported $84.8M of Western Asset Managed Municipals Fund stock for Q3 2016, up 2.6% quarter-over-quarter.
- 7 funds opened new Western Asset Managed Municipals Fund positions in Q3 2016 and 5 closed out, a net change of +2 holders.
- The largest Western Asset Managed Municipals Fund buyer in Q3 2016 was Invesco, an estimated $1.41M added.
- The largest Western Asset Managed Municipals Fund seller in Q3 2016 was Robinson Capital Management, an estimated $1.53M sold.
Based on aggregated 13F filings for Q3 2016.