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MMU

Western Asset Managed Municipals Fund
MMU

76 hedge funds and large institutions have $88.3M invested in Western Asset Managed Municipals Fund in 2020 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 22 increasing their positions, 22 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

5% more capital invested

Capital invested by funds: $84M → $88.3M (+$4.32M)

0.58% more ownership

Funds ownership: 16.13% → 16.71% (+0.58%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

0% more repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 22

1% less funds holding

Funds holding: 77 → 76 (-1)

11% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 9

Holders
76
Holders Change
-1
Holders Change %
-1.3%
% of All Funds
1.53%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.04%
New
8
Increased
22
Reduced
22
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
1CP
1607 Capital Partners
Virginia
+$2.44M
2
PPA
Parametric Portfolio Associates
Washington
+$934K
3
RCM
Rivernorth Capital Management
Florida
+$541K
4
MIG
Mariner Investment Group
New York
+$530K
5
ACA
Ackerman Capital Advisors
Texas
+$515K

Top Sellers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
-$830K
2
Wells Fargo
Wells Fargo
California
-$710K
3
Invesco
Invesco
Georgia
-$648K
4
Bank of America
Bank of America
North Carolina
-$424K
5
LCM
Landscape Capital Management
New Jersey
-$301K
Name Holding Trade Value Shares
Change 		Change in
Stake
SPIA
51
Steward Partners Investment Advisory
New York
$198K -$33.2K -2,684 -14%
DAS
52
Dynamic Advisor Solutions
Arizona
$184K +$9.28K +750 +5%
IFAM
53
Institutional & Family Asset Management
Colorado
$180K -$3.61K -292 -2%
APA
54
American Portfolios Advisors
New York
$168K – – –
Cambridge Investment Research Advisors
55
Cambridge Investment Research Advisors
Iowa
$163K -$2.38K -192 -1%
OC
56
Oppenheimer & Co
New York
$163K +$37 +3 +0%
CCG
57
Ceeto Capital Group
Florida
$158K – – –
Mercer Global Advisors
58
Mercer Global Advisors
Colorado
$144K +$146K +11,795 New
PMG
59
ProVise Management Group
Florida
$141K – – –
PNC Financial Services Group
60
PNC Financial Services Group
Pennsylvania
$106K – – –
BBHC
61
Brown Brothers Harriman & Co
New York
$98K – – –
JFGIW
62
Johnson Financial Group Inc (Wisconsin)
Wisconsin
$71K – – –
Citigroup
63
Citigroup
New York
$41K +$16.1K +1,304 +64%
WT
64
Washington Trust
Rhode Island
$38K +$38.9K +3,143 New
IBOK
65
Independence Bank of Kentucky
Kentucky
$37K – – –
AWM
66
Avondale Wealth Management
Texas
$31K – – –
S
67
SignatureFD
Georgia
$29K +$29K +2,342 New
GWM
68
Geneos Wealth Management
Colorado
$21K – – –
Fifth Third Bancorp
69
Fifth Third Bancorp
Ohio
$15K – – –
Rockefeller Capital Management
70
Rockefeller Capital Management
New York
$15K – – –
HPC
71
HM Payson & Co
Maine
$12K – – –
AF
72
Advisornet Financial
Minnesota
$8K – – –
HCC
73
Hirtle Callaghan & Co
Pennsylvania
$8K – – –
PAM
74
Panagora Asset Management
Massachusetts
$5K – – –
Northwestern Mutual Wealth Management
75
Northwestern Mutual Wealth Management
Wisconsin
$4K -$39.1K -3,157 -91%
1 2
3
4

MMU Hedge Fund Activity: Q3 2020 in Review

76 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Western Asset Managed Municipals Fund (MMU) for Q3 2020, worth a combined $88.3M — up 5.1% from $84M a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of MMU and 8 opened new positions — a net loss of 1 holder — while 22 trimmed existing stakes and 22 added.

The largest buyer was 1607 Capital Partners, opening a new position worth an estimated $2.44M. The largest seller was Sit Investment Associates, exiting entirely with an estimated $830K sold.

  • 76 institutional investors held Western Asset Managed Municipals Fund (MMU) as of Q3 2020, down from 77 in Q2 2020.
  • Funds reported $88.3M of Western Asset Managed Municipals Fund stock for Q3 2020, up 5.1% quarter-over-quarter.
  • 8 funds opened new Western Asset Managed Municipals Fund positions in Q3 2020 and 9 closed out, a net change of -1 holder.
  • The largest Western Asset Managed Municipals Fund buyer in Q3 2020 was 1607 Capital Partners, an estimated $2.44M added.
  • The largest Western Asset Managed Municipals Fund seller in Q3 2020 was Sit Investment Associates, an estimated $830K sold.

Based on aggregated 13F filings for Q3 2020.