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MMU

Western Asset Managed Municipals Fund

73 hedge funds and large institutions have $97.6M invested in Western Asset Managed Municipals Fund in 2018 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 21 increasing their positions, 21 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

38% more capital invested

Capital invested by funds: $70.6M → $97.6M (+$27M)

0% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 21

0.1% less ownership

Funds ownership: 12.61%12.5% (-0.1%)

12% less funds holding

Funds holding: 8373 (-10)

83% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 12

Holders
73
Holders Change
-10
Holders Change %
-12.05%
% of All Funds
1.67%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
2
Increased
21
Reduced
21
Closed
12
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
CAL
51
Capital Advisors Ltd
Ohio
$84K
APA
52
American Portfolios Advisors
New York
$80.9K
JFGIW
53
Johnson Financial Group Inc (Wisconsin)
Wisconsin
$70K
TCOV
54
Trust Company of Vermont
Vermont
$61K -$12.6K -1,000 -17%
Fifth Third Bancorp
55
Fifth Third Bancorp
Ohio
$52K -$2.29K -181 -4%
CAL
56
Capital Analysts LLC
Pennsylvania
$47K
SPIA
57
Steward Partners Investment Advisory
New York
$46K -$16.4K -1,300 -26%
Citigroup
58
Citigroup
New York
$41K +$12.6K +1,000 +42%
IBOK
59
Independence Bank of Kentucky
Kentucky
$36K
AWM
60
Avondale Wealth Management
Texas
$30K
MIM
61
Macroview Investment Management
Maryland
$29K
TCM
62
Tradewinds Capital Management
Washington
$26K
MFT
63
Moisand Fitzgerald Tamayo
Florida
$16K
CBT
64
Central Bank & Trust
Kentucky
$15K
GWM
65
Geneos Wealth Management
Colorado
$15K
FC
66
Ferris Capital
Massachusetts
$10K
THWM
67
Taylor Hoffman Wealth Management
Virginia
$10K
UBS AM
68
UBS AM
Illinois
$9.63K
CAG
69
Csenge Advisory Group
Florida
$9K +$10.2K +810 New
CCM
70
Cribstone Capital Management
Maine
$8K
AWM
71
Aevitas Wealth Management
Massachusetts
$6K
Northern Trust
72
Northern Trust
Illinois
$3K +$65.9K +5,222 +30%
FIA
73
FNY Investment Advisers
New York
$1K
WKWM
74
Walter & Keenan Wealth Management
Indiana
$235 -$101K -8,000 -29%
SG Americas Securities
75
SG Americas Securities
New York
-$532K -41,935 Closed

MMU Hedge Fund Activity: Q3 2018 in Review

73 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Western Asset Managed Municipals Fund (MMU) for Q3 2018, worth a combined $97.6M — up 38% from $70.6M a quarter earlier.

Sellers outnumbered buyers: 12 funds closed out of MMU and 2 opened new positions — a net loss of 10 holders — while 21 trimmed existing stakes and 21 added.

The largest buyer was Robinson Capital Management, adding an estimated $1.98M. The largest seller was Morgan Stanley, cutting an estimated $1.51M.

  • 73 institutional investors held Western Asset Managed Municipals Fund (MMU) as of Q3 2018, down from 83 in Q2 2018.
  • Funds reported $97.6M of Western Asset Managed Municipals Fund stock for Q3 2018, up 38% quarter-over-quarter.
  • 2 funds opened new Western Asset Managed Municipals Fund positions in Q3 2018 and 12 closed out, a net change of -10 holders.
  • The largest Western Asset Managed Municipals Fund buyer in Q3 2018 was Robinson Capital Management, an estimated $1.98M added.
  • The largest Western Asset Managed Municipals Fund seller in Q3 2018 was Morgan Stanley, an estimated $1.51M sold.

Based on aggregated 13F filings for Q3 2018.