Western Asset Managed Municipals Fund
MMU
57 hedge funds and large institutions have $82.6M invested in Western Asset Managed Municipals Fund in 2016 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 17 increasing their positions, 15 reducing their positions, and 7 closing their positions.
13% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 15
10% more capital invested
Capital invested by funds: $75.1M → $82.6M (+$7.5M)
0.76% more ownership
Funds ownership: 12.06% → 12.82% (+0.76%)
3% less funds holding
Funds holding: 59 → 57 (-2)
29% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$2.33M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$1.74M |
| 3 |
AF
Affiance Financial
St. Louis Park,
Minnesota
|
+$992K |
| 4 |
Northern Trust
Chicago,
Illinois
|
+$588K |
| 5 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$517K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$762K |
| 2 |
Stifel Financial
St. Louis,
Missouri
|
-$695K |
| 3 |
Morgan Stanley
New York
|
-$483K |
| 4 |
JMPWA
JP Morgan Private Wealth Advisors
San Francisco,
California
|
-$254K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$207K |
MMU Hedge Fund Activity: Q2 2016 in Review
57 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Western Asset Managed Municipals Fund (MMU) for Q2 2016, worth a combined $82.6M — up 10% from $75.1M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of MMU and 5 opened new positions — a net loss of 2 holders — while 15 trimmed existing stakes and 17 added.
The largest buyer was Robinson Capital Management, opening a new position worth an estimated $2.33M. The largest seller was LPL Financial, cutting an estimated $762K.
- 57 institutional investors held Western Asset Managed Municipals Fund (MMU) as of Q2 2016, down from 59 in Q1 2016.
- Funds reported $82.6M of Western Asset Managed Municipals Fund stock for Q2 2016, up 10% quarter-over-quarter.
- 5 funds opened new Western Asset Managed Municipals Fund positions in Q2 2016 and 7 closed out, a net change of -2 holders.
- The largest Western Asset Managed Municipals Fund buyer in Q2 2016 was Robinson Capital Management, an estimated $2.33M added.
- The largest Western Asset Managed Municipals Fund seller in Q2 2016 was LPL Financial, an estimated $762K sold.
Based on aggregated 13F filings for Q2 2016.