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MMU

Western Asset Managed Municipals Fund
MMU

61 hedge funds and large institutions have $73.3M invested in Western Asset Managed Municipals Fund in 2017 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 15 increasing their positions, 13 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

125% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 4

15% more repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 13

7% more funds holding

Funds holding: 57 → 61 (+4)

2% more capital invested

Capital invested by funds: $71.9M → $73.3M (+$1.41M)

0.07% more ownership

Funds ownership: 12.35% → 12.43% (+0.07%)

Holders
61
Holders Change
+4
Holders Change %
+7.02%
% of All Funds
1.52%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
9
Increased
15
Reduced
13
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Ameriprise
Ameriprise
Minnesota
+$1.4M
2
WIA
Westbourne Investment Advisors
Maryland
+$520K
3
MML Investors Services
MML Investors Services
Massachusetts
+$341K
4
DA
Doliver Advisors
Texas
+$277K
5
CRC
Curi RMB Capital
Illinois
+$272K

Top Sellers

Rank Fund Capital Flow
1
Invesco
Invesco
Georgia
-$1.1M
2
Northern Trust
Northern Trust
Illinois
-$680K
3
Morgan Stanley
Morgan Stanley
New York
-$538K
4
RCM
Robinson Capital Management
Michigan
-$231K
5
Squarepoint
Squarepoint
New York
-$210K
Name Holding Trade Value Shares
Change 		Change in
Stake
WTB
51
Washington Trust Bank
Washington
$50K – – –
Citigroup
52
Citigroup
New York
$41K – – –
GWM
53
Geneos Wealth Management
Colorado
$40K – – –
TCM
54
Tradewinds Capital Management
Washington
$29K – – –
AG
55
Advisor Group
Arizona
$25K +$24.3K +1,768 New
DADC
56
D.A. Davidson & Co
Montana
$16K – – –
CFA
57
CT Financial Advisors
Pennsylvania
$12.4K – – –
Northwestern Mutual Wealth Management
58
Northwestern Mutual Wealth Management
Wisconsin
$10K – – –
IIC
59
Integrated Investment Consultants
Michigan
$9K – – –
CFA
60
Carroll Financial Associates
North Carolina
$9K +$9.63K +700 New
Northern Trust
61
Northern Trust
Illinois
$3K -$680K -49,422 -66%
ClearBridge Investments
62
ClearBridge Investments
New York
$2K – – –
RCM
63
Robinson Capital Management
Michigan
– -$231K -16,817 Closed
Squarepoint
64
Squarepoint
New York
– -$210K -15,300 Closed
VKH
65
Virtu KCG Holdings
New York
– -$152K -11,072 Closed
FIB
66
First Interstate Bank
Montana
– -$20K -1,436 Closed
1 2
3

MMU Hedge Fund Activity: Q1 2017 in Review

61 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Western Asset Managed Municipals Fund (MMU) for Q1 2017, worth a combined $73.3M — up 2% from $71.9M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new MMU positions and 4 closed out — a net gain of 5 holders — while 15 added to existing stakes and 13 trimmed.

The largest buyer was Ameriprise, opening a new position worth an estimated $1.4M. The largest seller was Invesco, cutting an estimated $1.1M.

  • 61 institutional investors held Western Asset Managed Municipals Fund (MMU) as of Q1 2017, up from 57 in Q4 2016.
  • Funds reported $73.3M of Western Asset Managed Municipals Fund stock for Q1 2017, up 2% quarter-over-quarter.
  • 9 funds opened new Western Asset Managed Municipals Fund positions in Q1 2017 and 4 closed out, a net change of +5 holders.
  • The largest Western Asset Managed Municipals Fund buyer in Q1 2017 was Ameriprise, an estimated $1.4M added.
  • The largest Western Asset Managed Municipals Fund seller in Q1 2017 was Invesco, an estimated $1.1M sold.

Based on aggregated 13F filings for Q1 2017.