Western Asset Managed Municipals Fund
MMU
59 hedge funds and large institutions have $75.1M invested in Western Asset Managed Municipals Fund in 2016 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 18 increasing their positions, 14 reducing their positions, and 7 closing their positions.
29% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 14
14% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 7
11% more capital invested
Capital invested by funds: $68M → $75.1M (+$7.16M)
0.57% more ownership
Funds ownership: 11.49% → 12.06% (+0.57%)
0% more funds holding
Funds holding: 59 → 59 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$1.29M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$1.07M |
| 3 |
Morgan Stanley
New York
|
+$808K |
| 4 |
Wells Fargo
San Francisco,
California
|
+$607K |
| 5 |
AF
Affiance Financial
St. Louis Park,
Minnesota
|
+$528K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
-$970K |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$560K |
| 3 |
First Trust Advisors
Wheaton,
Illinois
|
-$439K |
| 4 |
Cohen & Steers
New York
|
-$296K |
| 5 |
LPL Financial
San Diego,
California
|
-$186K |
MMU Hedge Fund Activity: Q1 2016 in Review
59 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Western Asset Managed Municipals Fund (MMU) for Q1 2016, worth a combined $75.1M — up 11% from $68M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new MMU positions and 7 closed out — a net gain of 1 holder — while 18 added to existing stakes and 14 trimmed.
The largest buyer was Invesco, adding an estimated $1.29M. The largest seller was Laurion Capital Management, exiting entirely with an estimated $970K sold.
- 59 institutional investors held Western Asset Managed Municipals Fund (MMU) as of Q1 2016, unchanged from Q4 2015.
- Funds reported $75.1M of Western Asset Managed Municipals Fund stock for Q1 2016, up 11% quarter-over-quarter.
- 8 funds opened new Western Asset Managed Municipals Fund positions in Q1 2016 and 7 closed out, a net change of +1 holder.
- The largest Western Asset Managed Municipals Fund buyer in Q1 2016 was Invesco, an estimated $1.29M added.
- The largest Western Asset Managed Municipals Fund seller in Q1 2016 was Laurion Capital Management, an estimated $970K sold.
Based on aggregated 13F filings for Q1 2016.