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MMU

Western Asset Managed Municipals Fund
MMU

78 hedge funds and large institutions have $76.1M invested in Western Asset Managed Municipals Fund in 2019 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 18 increasing their positions, 14 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

183% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 6

29% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 14

15% more funds holding

Funds holding: 68 → 78 (+10)

7% more capital invested

Capital invested by funds: $70.9M → $76.1M (+$5.15M)

1.27% more ownership

Funds ownership: 11.89% → 13.16% (+1.3%)

Holders
78
Holders Change
+10
Holders Change %
+14.71%
% of All Funds
1.54%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
17
Increased
18
Reduced
14
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
WWM
Western Wealth Management
Colorado
+$1.48M
2
RCM
Robinson Capital Management
Michigan
+$1.26M
3
LCM
Landscape Capital Management
New Jersey
+$1.15M
4
WAM
Wolverine Asset Management
Illinois
+$766K
5
Truist Financial
Truist Financial
North Carolina
+$619K

Top Sellers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
-$364K
2
Morgan Stanley
Morgan Stanley
New York
-$336K
3
UBS Group
UBS Group
Switzerland
-$315K
4
OFG
OTA Financial Group
New York
-$301K
5
QCIG
Quad-Cities Investment Group
Iowa
-$147K
Name Holding Trade Value Shares
Change 		Change in
Stake
APA
51
American Portfolios Advisors
New York
$177K +$33.5K +2,450 +23%
PMG
52
ProVise Management Group
Florida
$177K -$27.3K -2,000 -13%
Mercer Global Advisors
53
Mercer Global Advisors
Colorado
$168K -$41K -3,000 -19%
OC
54
Oppenheimer & Co
New York
$158K +$163K +11,891 New
BHBT
55
Burke & Herbert Bank & Trust
Virginia
$153K +$157K +11,500 New
LPL Financial
56
LPL Financial
California
$141K -$26.2K -1,916 -15%
BBHC
57
Brown Brothers Harriman & Co
New York
$107K – – –
JFGIW
58
Johnson Financial Group Inc (Wisconsin)
Wisconsin
$77K – – –
TCOV
59
Trust Company of Vermont
Vermont
$67K – – –
Northwestern Mutual Wealth Management
60
Northwestern Mutual Wealth Management
Wisconsin
$44K – – –
IBOK
61
Independence Bank of Kentucky
Kentucky
$40K – – –
AWM
62
Avondale Wealth Management
Texas
$34K – – –
GWM
63
Geneos Wealth Management
Colorado
$23K – – –
MIM
64
Macroview Investment Management
Maryland
$22K – – –
FWM
65
FSA Wealth Management
Massachusetts
$21K +$21.9K +1,600 New
AG
66
Advisor Group
Arizona
$20K – – –
MFT
67
Moisand Fitzgerald Tamayo
Florida
$18K – – –
Fifth Third Bancorp
68
Fifth Third Bancorp
Ohio
$17K – – –
TF
69
TimeScale Financial
Massachusetts
$17K – – –
WCG
70
Weaver Consulting Group
California
$17K – – –
Citigroup
71
Citigroup
New York
$13K – – –
HPC
72
HM Payson & Co
Maine
$13K – – –
THWM
73
Taylor Hoffman Wealth Management
Virginia
$11K – – –
SIC
74
Samalin Investment Counsel
New York
$11K +$11.4K +834 New
AF
75
Advisornet Financial
Minnesota
$8K – – –
1 2
3
4

MMU Hedge Fund Activity: Q4 2019 in Review

78 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Western Asset Managed Municipals Fund (MMU) for Q4 2019, worth a combined $76.1M — up 7.3% from $70.9M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new MMU positions and 6 closed out — a net gain of 11 holders — while 18 added to existing stakes and 14 trimmed.

The largest buyer was Western Wealth Management, opening a new position worth an estimated $1.48M. The largest seller was Wells Fargo, cutting an estimated $364K.

  • 78 institutional investors held Western Asset Managed Municipals Fund (MMU) as of Q4 2019, up from 68 in Q3 2019.
  • Funds reported $76.1M of Western Asset Managed Municipals Fund stock for Q4 2019, up 7.3% quarter-over-quarter.
  • 17 funds opened new Western Asset Managed Municipals Fund positions in Q4 2019 and 6 closed out, a net change of +11 holders.
  • The largest Western Asset Managed Municipals Fund buyer in Q4 2019 was Western Wealth Management, an estimated $1.48M added.
  • The largest Western Asset Managed Municipals Fund seller in Q4 2019 was Wells Fargo, an estimated $364K sold.

Based on aggregated 13F filings for Q4 2019.