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MMU

Western Asset Managed Municipals Fund
MMU

77 hedge funds and large institutions have $84M invested in Western Asset Managed Municipals Fund in 2020 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 27 increasing their positions, 19 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

42% more repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 19

12% more capital invested

Capital invested by funds: $75.1M → $84M (+$8.95M)

11% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 9

1% more funds holding

Funds holding: 76 → 77 (+1)

1.3% more ownership

Funds ownership: 14.82% → 16.13% (+1.3%)

Holders
77
Holders Change
+1
Holders Change %
+1.32%
% of All Funds
1.58%
Holding in Top 10
2
Holding in Top 10 Change
+2
Holding in Top 10 Change %
% of All Funds
0.04%
New
10
Increased
27
Reduced
19
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Robinson Capital Management
Michigan
+$5.87M
2
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
+$1.91M
3
PPA
Parametric Portfolio Associates
Washington
+$1.54M
4
MIG
Mariner Investment Group
New York
+$927K
5
RCM
Rivernorth Capital Management
Florida
+$591K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$1.6M
2
Osaic Holdings
Osaic Holdings
Arizona
-$1.56M
3
KIM
Karpus Investment Management
New York
-$952K
4
Truist Financial
Truist Financial
North Carolina
-$612K
5
Bank of America
Bank of America
North Carolina
-$577K
Name Holding Trade Value Shares
Change 		Change in
Stake
DAS
51
Dynamic Advisor Solutions
Arizona
$172K – – –
APA
52
American Portfolios Advisors
New York
$165K +$1.22K +104 +0.8%
Cambridge Investment Research Advisors
53
Cambridge Investment Research Advisors
Iowa
$163K -$51K -4,343 -24%
OC
54
Oppenheimer & Co
New York
$161K +$35 +3 +0%
CCG
55
Ceeto Capital Group
Florida
$156K – – –
PMG
56
ProVise Management Group
Florida
$139K – – –
SI
57
Stephens Inc
Arkansas
$138K -$29.2K -2,486 -18%
BHBT
58
Burke & Herbert Bank & Trust
Virginia
$138K – – –
CAN
59
Cetera Advisor Networks
California
$116K +$114K +9,658 New
PNC Financial Services Group
60
PNC Financial Services Group
Pennsylvania
$105K -$112K -9,540 -52%
BBHC
61
Brown Brothers Harriman & Co
New York
$96K – – –
PA
62
Parallel Advisors
California
$81K -$25.9K -2,200 -25%
JFGIW
63
Johnson Financial Group Inc (Wisconsin)
Wisconsin
$70K – – –
Northwestern Mutual Wealth Management
64
Northwestern Mutual Wealth Management
Wisconsin
$42K +$2.35K +200 +6%
IBOK
65
Independence Bank of Kentucky
Kentucky
$36K – – –
AWM
66
Avondale Wealth Management
Texas
$30K – – –
Citigroup
67
Citigroup
New York
$25K +$12.4K +1,053 +105%
GWM
68
Geneos Wealth Management
Colorado
$21K – – –
TF
69
TimeScale Financial
Massachusetts
$16K +$59 +5 +0.4%
Fifth Third Bancorp
70
Fifth Third Bancorp
Ohio
$15K – – –
Rockefeller Capital Management
71
Rockefeller Capital Management
New York
$15K – – –
HPC
72
HM Payson & Co
Maine
$12K – – –
THWM
73
Taylor Hoffman Wealth Management
Virginia
$10K +$9.36K +796 New
PAG
74
Private Advisor Group
New Jersey
$10K +$10.2K +866 New
AF
75
Advisornet Financial
Minnesota
$8K – – –
1 2
3
4

MMU Hedge Fund Activity: Q2 2020 in Review

77 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Western Asset Managed Municipals Fund (MMU) for Q2 2020, worth a combined $84M — up 12% from $75.1M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new MMU positions and 9 closed out — a net gain of 1 holder — while 27 added to existing stakes and 19 trimmed.

The largest buyer was Robinson Capital Management, adding an estimated $5.87M. The largest seller was Morgan Stanley, cutting an estimated $1.6M.

  • 77 institutional investors held Western Asset Managed Municipals Fund (MMU) as of Q2 2020, up from 76 in Q1 2020.
  • Funds reported $84M of Western Asset Managed Municipals Fund stock for Q2 2020, up 12% quarter-over-quarter.
  • 10 funds opened new Western Asset Managed Municipals Fund positions in Q2 2020 and 9 closed out, a net change of +1 holder.
  • The largest Western Asset Managed Municipals Fund buyer in Q2 2020 was Robinson Capital Management, an estimated $5.87M added.
  • The largest Western Asset Managed Municipals Fund seller in Q2 2020 was Morgan Stanley, an estimated $1.6M sold.

Based on aggregated 13F filings for Q2 2020.