Western Asset Managed Municipals Fund
MMU
67 hedge funds and large institutions have $73.1M invested in Western Asset Managed Municipals Fund in 2017 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 17 increasing their positions, 14 reducing their positions, and 8 closing their positions.
25% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 8
21% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 14
2% more funds holding
Funds holding: 66 → 67 (+1)
0.47% less ownership
Funds ownership: 12.54% → 12.07% (-0.47%)
3% less capital invested
Capital invested by funds: $75.6M → $73.1M (-$2.5M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$400K |
| 2 |
SWP
Stratos Wealth Partners
Beachwood,
Ohio
|
+$374K |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$265K |
| 4 |
BHWM
Bar Harbor Wealth Management
Concord,
New Hampshire
|
+$257K |
| 5 |
AF
Affiance Financial
St. Louis Park,
Minnesota
|
+$182K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$1.36M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$1.14M |
| 3 |
PCMC
Paragon Capital Management (Colorado)
Denver,
Colorado
|
-$922K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$555K |
| 5 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$488K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
US Bancorp
Minneapolis,
Minnesota
| – | -$8K | -579 | Closed |
|
|
CTC
77
Central Trust Company
Jefferson City,
Missouri
| – | -$5K | -355 | Closed |
|
MMU Hedge Fund Activity: Q4 2017 in Review
67 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Western Asset Managed Municipals Fund (MMU) for Q4 2017, worth a combined $73.1M — down 3.3% from $75.6M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new MMU positions and 8 closed out — a net gain of 2 holders — while 17 added to existing stakes and 14 trimmed.
The largest buyer was Wells Fargo, adding an estimated $400K. The largest seller was Morgan Stanley, cutting an estimated $1.36M.
- 67 institutional investors held Western Asset Managed Municipals Fund (MMU) as of Q4 2017, up from 66 in Q3 2017.
- Funds reported $73.1M of Western Asset Managed Municipals Fund stock for Q4 2017, down 3.3% quarter-over-quarter.
- 10 funds opened new Western Asset Managed Municipals Fund positions in Q4 2017 and 8 closed out, a net change of +2 holders.
- The largest Western Asset Managed Municipals Fund buyer in Q4 2017 was Wells Fargo, an estimated $400K added.
- The largest Western Asset Managed Municipals Fund seller in Q4 2017 was Morgan Stanley, an estimated $1.36M sold.
Based on aggregated 13F filings for Q4 2017.