Western Asset Managed Municipals Fund
MMU
77 hedge funds and large institutions have $84M invested in Western Asset Managed Municipals Fund in 2020 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 27 increasing their positions, 19 reducing their positions, and 9 closing their positions.
42% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 19
12% more capital invested
Capital invested by funds: $75.1M → $84M (+$8.95M)
11% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 9
1% more funds holding
Funds holding: 76 → 77 (+1)
1.3% more ownership
Funds ownership: 14.82% → 16.13% (+1.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$5.87M |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$1.91M |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$1.54M |
| 4 |
MIG
Mariner Investment Group
Harrison,
New York
|
+$927K |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$591K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$1.6M |
| 2 |
Osaic Holdings
Scottsdale,
Arizona
|
-$1.56M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$952K |
| 4 |
Truist Financial
Charlotte,
North Carolina
|
-$612K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$577K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
HCC
76
Hirtle Callaghan & Co
West Conshohocken,
Pennsylvania
| $8K | – | – | – |
|
|
PAM
77
Panagora Asset Management
Boston,
Massachusetts
| $5K | – | – | – |
|
|
TRCT
78
Tower Research Capital (TRC)
New York
| $4K | +$3.89K | +331 | New |
|
|
KIM
79
Karpus Investment Management
Pittsford,
New York
| – | -$952K | -79,629 | Closed |
|
|
WIA
80
Westbourne Investment Advisors
Annapolis,
Maryland
| – | -$476K | -39,800 | Closed |
|
81
Mercer Global Advisors
Denver,
Colorado
| – | -$151K | -12,616 | Closed |
|
|
TCOV
82
Trust Company of Vermont
Brattleboro,
Vermont
| – | -$60K | -5,000 | Closed |
|
|
FWM
83
FSA Wealth Management
Needham,
Massachusetts
| – | -$19K | -1,600 | Closed |
|
|
MIM
84
Macroview Investment Management
Bethesda,
Maryland
| – | -$12K | -974 | Closed |
|
|
AIC
85
Ameritas Investment Company
Lincoln,
Nebraska
| – | -$7K | -556 | Closed |
|
|
ASN
86
Advisory Services Network
Atlanta,
Georgia
| – | -$4K | -368 | Closed |
|
|
TWA
87
TCI Wealth Advisors
Tucson,
Arizona
| – | -$3K | -276 | Closed |
|
MMU Hedge Fund Activity: Q2 2020 in Review
77 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Western Asset Managed Municipals Fund (MMU) for Q2 2020, worth a combined $84M — up 12% from $75.1M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new MMU positions and 9 closed out — a net gain of 1 holder — while 27 added to existing stakes and 19 trimmed.
The largest buyer was Robinson Capital Management, adding an estimated $5.87M. The largest seller was Morgan Stanley, cutting an estimated $1.6M.
- 77 institutional investors held Western Asset Managed Municipals Fund (MMU) as of Q2 2020, up from 76 in Q1 2020.
- Funds reported $84M of Western Asset Managed Municipals Fund stock for Q2 2020, up 12% quarter-over-quarter.
- 10 funds opened new Western Asset Managed Municipals Fund positions in Q2 2020 and 9 closed out, a net change of +1 holder.
- The largest Western Asset Managed Municipals Fund buyer in Q2 2020 was Robinson Capital Management, an estimated $5.87M added.
- The largest Western Asset Managed Municipals Fund seller in Q2 2020 was Morgan Stanley, an estimated $1.6M sold.
Based on aggregated 13F filings for Q2 2020.