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MMU

Western Asset Managed Municipals Fund
MMU

68 hedge funds and large institutions have $70.8M invested in Western Asset Managed Municipals Fund in 2019 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 23 increasing their positions, 13 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

77% more repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 13

0% more capital invested

Capital invested by funds: $70.6M → $70.8M (+$162K)

0% more funds holding

Funds holding: 68 → 68 (0)

0% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 9

0.48% less ownership

Funds ownership: 12.41% → 11.93% (-0.48%)

Holders
68
Holders Change
–
Holders Change %
0%
% of All Funds
1.48%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
9
Increased
23
Reduced
13
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
WWM
Western Wealth Management
Colorado
+$2.84M
2
Invesco
Invesco
Georgia
+$733K
3
Bank of America
Bank of America
North Carolina
+$694K
4
HighTower Advisors
HighTower Advisors
Illinois
+$318K
5
Mercer Global Advisors
Mercer Global Advisors
Colorado
+$305K

Top Sellers

Rank Fund Capital Flow
1
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$6.63M
2
COLIM
City of London Investment Management
United Kingdom
-$534K
3
GI
Glovista Investments
New Jersey
-$388K
4
Wells Fargo
Wells Fargo
California
-$380K
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$267K
Name Holding Trade Value Shares
Change 		Change in
Stake
Citigroup
51
Citigroup
New York
$69K +$54.1K +4,000 +400%
Northwestern Mutual Wealth Management
52
Northwestern Mutual Wealth Management
Wisconsin
$46K – – –
IBOK
53
Independence Bank of Kentucky
Kentucky
$41K – – –
AWM
54
Avondale Wealth Management
Texas
$34K – – –
MIM
55
Macroview Investment Management
Maryland
$33K – – –
GWM
56
Geneos Wealth Management
Colorado
$24K – – –
AG
57
Advisor Group
Arizona
$20K – – –
TF
58
TimeScale Financial
Massachusetts
$19K +$18.3K +1,351 New
SIM
59
Sonora Investment Management
Arizona
$19K +$18.9K +1,395 New
Bank of Montreal
60
Bank of Montreal
Ontario, Canada
$19K +$19.2K +1,420 New
MFT
61
Moisand Fitzgerald Tamayo
Florida
$18K – – –
Fifth Third Bancorp
62
Fifth Third Bancorp
Ohio
$17K -$10K -740 -37%
WCG
63
Weaver Consulting Group
California
$17K – – –
HPC
64
HM Payson & Co
Maine
$14K +$13.5K +1,000 New
THWM
65
Taylor Hoffman Wealth Management
Virginia
$11K – – –
UBS AM
66
UBS AM
Illinois
$10.9K – – –
WAM
67
Wakefield Asset Management
Colorado
$5K – – –
FIA
68
FNY Investment Advisers
New York
$3K +$406 +30 +14%
Susquehanna International Group
69
Susquehanna International Group
Pennsylvania
– -$267K -20,282 Closed
Cohen & Steers
70
Cohen & Steers
New York
– -$193K -14,653 Closed
LNWWM
71
Laird Norton Wetherby Wealth Management
California
– -$150K -11,404 Closed
Northern Trust
72
Northern Trust
Illinois
– -$1K -10,033 Closed
PCMC
73
Paragon Capital Management (Colorado)
Colorado
– -$132K -10,000 Closed
CAL
74
Capital Advisors Ltd
Ohio
– -$127K -9,675 Closed
WCM
75
WealthBridge Capital Management
Ohio
– -$27K -2,000 Closed
1 2
3
4

MMU Hedge Fund Activity: Q2 2019 in Review

68 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Western Asset Managed Municipals Fund (MMU) for Q2 2019, worth a combined $70.8M — up 0.23% from $70.6M a quarter earlier.

Fund positioning in MMU was balanced in Q2 2019: 9 funds opened new positions, 9 closed out, 23 added to existing stakes and 13 trimmed.

The largest buyer was Western Wealth Management, opening a new position worth an estimated $2.84M. The largest seller was Fiera Capital (Canada), cutting an estimated $6.63M.

  • 68 institutional investors held Western Asset Managed Municipals Fund (MMU) as of Q2 2019, unchanged from Q1 2019.
  • Funds reported $70.8M of Western Asset Managed Municipals Fund stock for Q2 2019, up 0.23% quarter-over-quarter.
  • 9 funds opened new Western Asset Managed Municipals Fund positions in Q2 2019 and 9 closed out, a net change of 0 holders.
  • The largest Western Asset Managed Municipals Fund buyer in Q2 2019 was Western Wealth Management, an estimated $2.84M added.
  • The largest Western Asset Managed Municipals Fund seller in Q2 2019 was Fiera Capital (Canada), an estimated $6.63M sold.

Based on aggregated 13F filings for Q2 2019.