Western Asset Managed Municipals Fund
MMU
48 hedge funds and large institutions have $63M invested in Western Asset Managed Municipals Fund in 2015 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 13 increasing their positions, 15 reducing their positions, and 4 closing their positions.
4% more capital invested
Capital invested by funds: $60.8M → $63M (+$2.21M)
0.09% less ownership
Funds ownership: 10.52% → 10.43% (-0.09%)
2% less funds holding
Funds holding: 49 → 48 (-1)
13% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 15
25% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MIM
Macroview Investment Management
Bethesda,
Maryland
|
+$305K |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$207K |
| 3 |
AF
Affiance Financial
St. Louis Park,
Minnesota
|
+$141K |
| 4 |
Wells Fargo
San Francisco,
California
|
+$124K |
| 5 |
LPL Financial
San Diego,
California
|
+$105K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SG Americas Securities
New York
|
-$324K |
| 2 |
Morgan Stanley
New York
|
-$238K |
| 3 |
Kayne Anderson Rudnick Investment Management
Los Angeles,
California
|
-$204K |
| 4 |
VKH
Virtu KCG Holdings
New York
|
-$157K |
| 5 |
CB
Commerce Bank
Kansas City,
Missouri
|
-$149K |
MMU Hedge Fund Activity: Q1 2015 in Review
48 of the 3,752 institutional investors tracked by Wall St. Rank reported a position in Western Asset Managed Municipals Fund (MMU) for Q1 2015, worth a combined $63M — up 3.6% from $60.8M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of MMU and 3 opened new positions — a net loss of 1 holder — while 15 trimmed existing stakes and 13 added.
The largest buyer was Macroview Investment Management, adding an estimated $305K. The largest seller was SG Americas Securities, exiting entirely with an estimated $324K sold.
- 48 institutional investors held Western Asset Managed Municipals Fund (MMU) as of Q1 2015, down from 49 in Q4 2014.
- Funds reported $63M of Western Asset Managed Municipals Fund stock for Q1 2015, up 3.6% quarter-over-quarter.
- 3 funds opened new Western Asset Managed Municipals Fund positions in Q1 2015 and 4 closed out, a net change of -1 holder.
- The largest Western Asset Managed Municipals Fund buyer in Q1 2015 was Macroview Investment Management, an estimated $305K added.
- The largest Western Asset Managed Municipals Fund seller in Q1 2015 was SG Americas Securities, an estimated $324K sold.
Based on aggregated 13F filings for Q1 2015.