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MMU

Western Asset Managed Municipals Fund

59 hedge funds and large institutions have $68M invested in Western Asset Managed Municipals Fund in 2015 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 16 increasing their positions, 14 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

125% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 4

14% more repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 14

9% more funds holding

Funds holding: 5459 (+5)

9% more capital invested

Capital invested by funds: $62.3M → $68M (+$5.69M)

0.65% more ownership

Funds ownership: 10.85%11.49% (+0.65%)

Holders
59
Holders Change
+5
Holders Change %
+9.26%
% of All Funds
1.55%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
9
Increased
16
Reduced
14
Closed
4
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$33.3M -$220K -15,595 -0.7%
Wells Fargo
2
Wells Fargo
California
$4M -$258K -18,224 -6%
UBS Group
3
UBS Group
Switzerland
$3.41M +$755K +53,407 +29%
HighTower Advisors
4
HighTower Advisors
Illinois
$2.59M -$6.74K -477 -0.3%
Invesco
5
Invesco
Georgia
$2.5M +$1.27M +89,515 +103%
Bank of America
6
Bank of America
North Carolina
$2.28M +$225K +15,929 +11%
LPL Financial
7
LPL Financial
California
$1.95M +$687K +48,590 +55%
RJFSA
8
Raymond James Financial Services Advisors
Florida
$1.76M +$56.9K +4,027 +3%
RJA
9
Raymond James & Associates
Florida
$1.3M +$2.9K +205 +0.2%
CIA
10
Capital Investment Advisors
Georgia
$1.25M -$76K -5,375 -6%
AF
11
Affiance Financial
Minnesota
$995K +$124K +8,799 +14%
LCM
12
Laurion Capital Management
New York
$970K +$967K +68,401 New
SWP
13
Stratos Wealth Partners
Ohio
$718K +$418K +29,535 +140%
PCMC
14
Paragon Capital Management (Colorado)
Colorado
$680K
VanEck Associates
15
VanEck Associates
New York
$655K +$80.6K +5,701 +14%
Chevy Chase Trust
16
Chevy Chase Trust
Maryland
$617K
LTFS
17
Ladenburg Thalmann Financial Services
Florida
$613K +$399K +28,236 +188%
First Trust Advisors
18
First Trust Advisors
Illinois
$611K -$58K -4,105 -9%
MIM
19
Macroview Investment Management
Maryland
$601K -$469K -33,180 -44%
MFW
20
Mosaic Family Wealth
Missouri
$579K +$577K +40,846 New
WKWM
21
Walter & Keenan Wealth Management
Indiana
$502K
WIA
22
Westbourne Investment Advisors
Maryland
$445K
HCM
23
Hollencrest Capital Management
California
$398K
KeyBank National Association
24
KeyBank National Association
Ohio
$388K
Royal Bank of Canada
25
Royal Bank of Canada
Ontario, Canada
$387K -$29.6K -2,091 -7%

MMU Hedge Fund Activity: Q4 2015 in Review

59 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in Western Asset Managed Municipals Fund (MMU) for Q4 2015, worth a combined $68M — up 9.1% from $62.3M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new MMU positions and 4 closed out — a net gain of 5 holders — while 16 added to existing stakes and 14 trimmed.

The largest buyer was Invesco, adding an estimated $1.27M. The largest seller was US Bancorp, exiting entirely with an estimated $527K sold.

  • 59 institutional investors held Western Asset Managed Municipals Fund (MMU) as of Q4 2015, up from 54 in Q3 2015.
  • Funds reported $68M of Western Asset Managed Municipals Fund stock for Q4 2015, up 9.1% quarter-over-quarter.
  • 9 funds opened new Western Asset Managed Municipals Fund positions in Q4 2015 and 4 closed out, a net change of +5 holders.
  • The largest Western Asset Managed Municipals Fund buyer in Q4 2015 was Invesco, an estimated $1.27M added.
  • The largest Western Asset Managed Municipals Fund seller in Q4 2015 was US Bancorp, an estimated $527K sold.

Based on aggregated 13F filings for Q4 2015.