Western Asset Managed Municipals Fund
MMU
73 hedge funds and large institutions have $97.6M invested in Western Asset Managed Municipals Fund in 2018 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 21 increasing their positions, 21 reducing their positions, and 12 closing their positions.
38% more capital invested
Capital invested by funds: $70.6M → $97.6M (+$27M)
0% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 21
0.1% less ownership
Funds ownership: 12.61% → 12.5% (-0.1%)
12% less funds holding
Funds holding: 83 → 73 (-10)
83% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$1.98M |
| 2 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$288K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$218K |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
+$188K |
| 5 |
VanEck Associates
New York
|
+$146K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$1.51M |
| 2 |
SG Americas Securities
New York
|
-$532K |
| 3 |
NMC
Nine Masts Capital
Central,
Hong Kong
|
-$349K |
| 4 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$283K |
| 5 |
SWP
Stratos Wealth Partners
Beachwood,
Ohio
|
-$246K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
NMC
76
Nine Masts Capital
Central,
Hong Kong
| – | -$349K | -27,500 | Closed |
|
77
Millennium Management
New York
| – | -$168K | -13,276 | Closed |
|
|
CF
78
Centaurus Financial
Anaheim,
California
| – | -$136K | -10,700 | Closed |
|
|
EFSCE
79
Enterprise Financial Services Corp (EFSC)
Clayton,
Missouri
| – | -$124K | -9,800 | Closed |
|
80
SEI Investments
Oaks,
Pennsylvania
| – | -$88K | -6,907 | Closed |
|
|
RWP
81
RWA Wealth Partners
Newton,
Massachusetts
| – | -$51K | -4,000 | Closed |
|
82
US Bancorp
Minneapolis,
Minnesota
| – | -$27K | -2,115 | Closed |
|
83
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$25K | -2,000 | Closed |
|
|
PCM
84
Peak Capital Management
Greenwood Village,
Colorado
| – | -$23K | -1,827 | Closed |
|
|
RFC
85
Regions Financial Corp
Birmingham,
Alabama
| – | -$6K | -483 | Closed |
|
86
ClearBridge Investments
New York
| – | -$1K | -112 | Closed |
|
MMU Hedge Fund Activity: Q3 2018 in Review
73 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Western Asset Managed Municipals Fund (MMU) for Q3 2018, worth a combined $97.6M — up 38% from $70.6M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of MMU and 2 opened new positions — a net loss of 10 holders — while 21 trimmed existing stakes and 21 added.
The largest buyer was Robinson Capital Management, adding an estimated $1.98M. The largest seller was Morgan Stanley, cutting an estimated $1.51M.
- 73 institutional investors held Western Asset Managed Municipals Fund (MMU) as of Q3 2018, down from 83 in Q2 2018.
- Funds reported $97.6M of Western Asset Managed Municipals Fund stock for Q3 2018, up 38% quarter-over-quarter.
- 2 funds opened new Western Asset Managed Municipals Fund positions in Q3 2018 and 12 closed out, a net change of -10 holders.
- The largest Western Asset Managed Municipals Fund buyer in Q3 2018 was Robinson Capital Management, an estimated $1.98M added.
- The largest Western Asset Managed Municipals Fund seller in Q3 2018 was Morgan Stanley, an estimated $1.51M sold.
Based on aggregated 13F filings for Q3 2018.