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MMU

Western Asset Managed Municipals Fund
MMU

80 hedge funds and large institutions have $95.8M invested in Western Asset Managed Municipals Fund in 2020 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 21 increasing their positions, 26 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

67% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 6

8% more capital invested

Capital invested by funds: $88.3M → $95.8M (+$7.47M)

5% more funds holding

Funds holding: 76 → 80 (+4)

0.5% more ownership

Funds ownership: 16.71% → 17.21% (+0.5%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

19% less repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 26

Holders
80
Holders Change
+4
Holders Change %
+5.26%
% of All Funds
1.42%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.04%
New
10
Increased
21
Reduced
26
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
1CP
1607 Capital Partners
Virginia
+$9.6M
2
ACA
Ackerman Capital Advisors
Texas
+$661K
3
PPA
Parametric Portfolio Associates
Washington
+$623K
4
AFS
Access Financial Services
Minnesota
+$259K
5
PHS
Pekin Hardy Strauss
Illinois
+$225K

Top Sellers

Rank Fund Capital Flow
1
HighTower Advisors
HighTower Advisors
Illinois
-$3.61M
2
N
Nuveen
North Carolina
-$1.58M
3
WAM
Wolverine Asset Management
Illinois
-$1.02M
4
RCM
Robinson Capital Management
Michigan
-$1.01M
5
Invesco
Invesco
Georgia
-$617K
Name Holding Trade Value Shares
Change 		Change in
Stake
Commonwealth Equity Services
51
Commonwealth Equity Services
Massachusetts
$188K -$239K -19,118 -57%
IFAM
52
Institutional & Family Asset Management
Colorado
$187K -$2.15K -172 -1%
RIG
53
Ramiah Investment Group
Wisconsin
$186K -$31.8K -2,546 -15%
APA
54
American Portfolios Advisors
New York
$177K – – –
Cambridge Investment Research Advisors
55
Cambridge Investment Research Advisors
Iowa
$172K +$113 +9 +0.1%
CCG
56
Ceeto Capital Group
Florida
$167K – – –
Mercer Global Advisors
57
Mercer Global Advisors
Colorado
$153K +$1.2K +96 +0.8%
PMG
58
ProVise Management Group
Florida
$148K – – –
FHA
59
Flagship Harbor Advisors
Massachusetts
$134K -$125K -10,031 -49%
BBHC
60
Brown Brothers Harriman & Co
New York
$103K – – –
CCC
61
Crescent Capital Consulting
Louisiana
$77K +$75K +6,000 New
JFGIW
62
Johnson Financial Group Inc (Wisconsin)
Wisconsin
$74K – – –
WAM
63
Wolverine Asset Management
Illinois
$70K -$1.02M -81,669 -94%
Citigroup
64
Citigroup
New York
$49K +$5.62K +449 +13%
WT
65
Washington Trust
Rhode Island
$40K – – –
IBOK
66
Independence Bank of Kentucky
Kentucky
$39K – – –
AWM
67
Avondale Wealth Management
Texas
$32K – – –
Northwestern Mutual Wealth Management
68
Northwestern Mutual Wealth Management
Wisconsin
$26K +$21.3K +1,700 +517%
GWM
69
Geneos Wealth Management
Colorado
$22K – – –
IAIM
70
International Assets Investment Management
Florida
$17K +$16.9K +1,354 New
Fifth Third Bancorp
71
Fifth Third Bancorp
Ohio
$16K – – –
Rockefeller Capital Management
72
Rockefeller Capital Management
New York
$16K – – –
HPC
73
HM Payson & Co
Maine
$13K – – –
PWPS
74
Pinnacle Wealth Planning Services
Ohio
$13K +$12.8K +1,025 New
MA
75
Montag & Associates
Georgia
$11K +$10.6K +850 New
1 2
3
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MMU Hedge Fund Activity: Q4 2020 in Review

80 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Western Asset Managed Municipals Fund (MMU) for Q4 2020, worth a combined $95.8M — up 8.5% from $88.3M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new MMU positions and 6 closed out — a net gain of 4 holders — while 21 added to existing stakes and 26 trimmed.

The largest buyer was 1607 Capital Partners, adding an estimated $9.6M. The largest seller was HighTower Advisors, exiting entirely with an estimated $3.61M sold.

  • 80 institutional investors held Western Asset Managed Municipals Fund (MMU) as of Q4 2020, up from 76 in Q3 2020.
  • Funds reported $95.8M of Western Asset Managed Municipals Fund stock for Q4 2020, up 8.5% quarter-over-quarter.
  • 10 funds opened new Western Asset Managed Municipals Fund positions in Q4 2020 and 6 closed out, a net change of +4 holders.
  • The largest Western Asset Managed Municipals Fund buyer in Q4 2020 was 1607 Capital Partners, an estimated $9.6M added.
  • The largest Western Asset Managed Municipals Fund seller in Q4 2020 was HighTower Advisors, an estimated $3.61M sold.

Based on aggregated 13F filings for Q4 2020.