Western Asset Managed Municipals Fund
MMU
78 hedge funds and large institutions have $76.1M invested in Western Asset Managed Municipals Fund in 2019 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 18 increasing their positions, 14 reducing their positions, and 6 closing their positions.
183% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 6
29% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 14
15% more funds holding
Funds holding: 68 → 78 (+10)
7% more capital invested
Capital invested by funds: $70.9M → $76.1M (+$5.15M)
1.27% more ownership
Funds ownership: 11.89% → 13.16% (+1.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WWM
Western Wealth Management
Golden,
Colorado
|
+$1.48M |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$1.26M |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$1.15M |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$766K |
| 5 |
Truist Financial
Charlotte,
North Carolina
|
+$619K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$364K |
| 2 |
Morgan Stanley
New York
|
-$336K |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$315K |
| 4 |
OFG
OTA Financial Group
Purchase,
New York
|
-$301K |
| 5 |
QCIG
Quad-Cities Investment Group
Davenport,
Iowa
|
-$147K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BFEC
76
Benjamin F. Edwards & Company
St. Louis,
Missouri
| $5K | +$4.83K | +353 | New |
|
|
ASN
77
Advisory Services Network
Atlanta,
Georgia
| $5K | +$5.03K | +368 | New |
|
|
PAM
78
Panagora Asset Management
Boston,
Massachusetts
| $2K | +$2.28K | +167 | New |
|
|
QCIG
79
Quad-Cities Investment Group
Davenport,
Iowa
| – | -$147K | -10,684 | Closed |
|
80
Rockefeller Capital Management
New York
| – | -$86K | -6,237 | Closed |
|
|
SIM
81
Sonora Investment Management
Tucson,
Arizona
| – | -$19K | -1,395 | Closed |
|
82
UBS AM
Chicago,
Illinois
| – | -$10.9K | -795 | Closed |
|
|
AIC
83
Ameritas Investment Company
Lincoln,
Nebraska
| – | -$8K | -556 | Closed |
|
|
FIA
84
FNY Investment Advisers
New York
| – | -$3K | -258 | Closed |
|
MMU Hedge Fund Activity: Q4 2019 in Review
78 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Western Asset Managed Municipals Fund (MMU) for Q4 2019, worth a combined $76.1M — up 7.3% from $70.9M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new MMU positions and 6 closed out — a net gain of 11 holders — while 18 added to existing stakes and 14 trimmed.
The largest buyer was Western Wealth Management, opening a new position worth an estimated $1.48M. The largest seller was Wells Fargo, cutting an estimated $364K.
- 78 institutional investors held Western Asset Managed Municipals Fund (MMU) as of Q4 2019, up from 68 in Q3 2019.
- Funds reported $76.1M of Western Asset Managed Municipals Fund stock for Q4 2019, up 7.3% quarter-over-quarter.
- 17 funds opened new Western Asset Managed Municipals Fund positions in Q4 2019 and 6 closed out, a net change of +11 holders.
- The largest Western Asset Managed Municipals Fund buyer in Q4 2019 was Western Wealth Management, an estimated $1.48M added.
- The largest Western Asset Managed Municipals Fund seller in Q4 2019 was Wells Fargo, an estimated $364K sold.
Based on aggregated 13F filings for Q4 2019.