Western Asset Managed Municipals Fund
MMU
73 hedge funds and large institutions have $71.2M invested in Western Asset Managed Municipals Fund in 2018 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 13 increasing their positions, 17 reducing their positions, and 8 closing their positions.
88% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 8
9% more funds holding
Funds holding: 67 → 73 (+6)
0.57% more ownership
Funds ownership: 12.07% → 12.63% (+0.57%)
3% less capital invested
Capital invested by funds: $73.1M → $71.2M (-$1.92M)
24% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 17
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
+$2.78M |
| 2 |
Morgan Stanley
New York
|
+$1.33M |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$587K |
| 4 |
SG Americas Securities
New York
|
+$448K |
| 5 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$366K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$699K |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$319K |
| 3 |
FHA
Flagship Harbor Advisors
Boston,
Massachusetts
|
-$258K |
| 4 |
I
IberiaBank
Lafayette,
Louisiana
|
-$251K |
| 5 |
AF
Affiance Financial
St. Louis Park,
Minnesota
|
-$245K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Northern Trust
Chicago,
Illinois
| – | -$3K | -21,134 | Closed |
|
|
FHA
77
Flagship Harbor Advisors
Boston,
Massachusetts
| – | -$258K | -18,100 | Closed |
|
|
I
78
IberiaBank
Lafayette,
Louisiana
| – | -$251K | -17,796 | Closed |
|
|
FCH
79
Freestone Capital Holdings
Seattle,
Washington
| – | -$167K | -11,885 | Closed |
|
|
MAP
80
Milestone Advisory Partners
Southern Pines,
North Carolina
| – | -$161K | -11,431 | Closed |
|
81
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$28K | -2,000 | Closed |
|
|
CFA
82
Carroll Financial Associates
Charlotte,
North Carolina
| – | -$9K | -700 | Closed |
|
MMU Hedge Fund Activity: Q1 2018 in Review
73 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Western Asset Managed Municipals Fund (MMU) for Q1 2018, worth a combined $71.2M — down 2.6% from $73.1M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new MMU positions and 8 closed out — a net gain of 7 holders — while 13 added to existing stakes and 17 trimmed.
The largest buyer was Laurion Capital Management, opening a new position worth an estimated $2.78M. The largest seller was Wells Fargo, cutting an estimated $699K.
- 73 institutional investors held Western Asset Managed Municipals Fund (MMU) as of Q1 2018, up from 67 in Q4 2017.
- Funds reported $71.2M of Western Asset Managed Municipals Fund stock for Q1 2018, down 2.6% quarter-over-quarter.
- 15 funds opened new Western Asset Managed Municipals Fund positions in Q1 2018 and 8 closed out, a net change of +7 holders.
- The largest Western Asset Managed Municipals Fund buyer in Q1 2018 was Laurion Capital Management, an estimated $2.78M added.
- The largest Western Asset Managed Municipals Fund seller in Q1 2018 was Wells Fargo, an estimated $699K sold.
Based on aggregated 13F filings for Q1 2018.