Western Asset Managed Municipals Fund
MMU
71 hedge funds and large institutions have $68.8M invested in Western Asset Managed Municipals Fund in 2018 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 10 increasing their positions, 26 reducing their positions, and 16 closing their positions.
0.05% more ownership
Funds ownership: 12.5% → 12.55% (+0.05%)
3% less funds holding
Funds holding: 73 → 71 (-2)
13% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 16
29% less capital invested
Capital invested by funds: $97.6M → $68.8M (-$28.8M)
62% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 26
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$8.64M |
| 2 |
WAM
Wakefield Asset Management
Englewood,
Colorado
|
+$749K |
| 3 |
HighTower Advisors
Chicago,
Illinois
|
+$680K |
| 4 |
GI
Glovista Investments
Jersey City,
New Jersey
|
+$500K |
| 5 |
BSW
Buckingham Strategic Wealth
Clayton,
Missouri
|
+$323K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$3.92M |
| 2 |
CWM
Cornerstone Wealth Management
St. Peters,
Missouri
|
-$2.35M |
| 3 |
Morgan Stanley
New York
|
-$1.47M |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$923K |
| 5 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$702K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CWM
76
Cornerstone Wealth Management
St. Peters,
Missouri
| – | -$2.35M | -33,135 | Closed |
|
77
Chevy Chase Trust
Bethesda,
Maryland
| – | -$303K | -25,000 | Closed |
|
|
OC
78
Oppenheimer & Co
New York
| – | -$191K | -15,731 | Closed |
|
|
EFS
79
Essex Financial Services
Essex,
Connecticut
| – | -$159K | -13,111 | Closed |
|
|
RJT
80
Raymond James Trust
St. Petersburg,
Florida
| – | -$156K | -12,900 | Closed |
|
|
CCG
81
Ceeto Capital Group
Coral Gables,
Florida
| – | -$146K | -12,000 | Closed |
|
|
DWA
82
Divergent Wealth Advisors
South Jordan,
Utah
| – | -$115K | -9,838 | Closed |
|
|
CAL
83
Capital Advisors Ltd
Shaker Heights,
Ohio
| – | -$84K | -6,920 | Closed |
|
|
CAL
84
Capital Analysts LLC
Fort Washington,
Pennsylvania
| – | -$47K | -3,900 | Closed |
|
|
SPIA
85
Steward Partners Investment Advisory
New York
| – | -$46K | -3,770 | Closed |
|
|
CAG
86
Csenge Advisory Group
Clearwater,
Florida
| – | -$9K | -810 | Closed |
|
|
FIA
87
FNY Investment Advisers
New York
| – | -$1K | -135 | Closed |
|
MMU Hedge Fund Activity: Q4 2018 in Review
71 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Western Asset Managed Municipals Fund (MMU) for Q4 2018, worth a combined $68.8M — down 29% from $97.6M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of MMU and 14 opened new positions — a net loss of 2 holders — while 26 trimmed existing stakes and 10 added.
The largest buyer was Fiera Capital (Canada), opening a new position worth an estimated $8.64M. The largest seller was Robinson Capital Management, exiting entirely with an estimated $3.92M sold.
- 71 institutional investors held Western Asset Managed Municipals Fund (MMU) as of Q4 2018, down from 73 in Q3 2018.
- Funds reported $68.8M of Western Asset Managed Municipals Fund stock for Q4 2018, down 29% quarter-over-quarter.
- 14 funds opened new Western Asset Managed Municipals Fund positions in Q4 2018 and 16 closed out, a net change of -2 holders.
- The largest Western Asset Managed Municipals Fund buyer in Q4 2018 was Fiera Capital (Canada), an estimated $8.64M added.
- The largest Western Asset Managed Municipals Fund seller in Q4 2018 was Robinson Capital Management, an estimated $3.92M sold.
Based on aggregated 13F filings for Q4 2018.