Western Asset Managed Municipals Fund
MMU
57 hedge funds and large institutions have $71.9M invested in Western Asset Managed Municipals Fund in 2016 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 12 increasing their positions, 20 reducing their positions, and 7 closing their positions.
0% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 7
0.75% less ownership
Funds ownership: 13.1% → 12.35% (-0.75%)
5% less funds holding
Funds holding: 60 → 57 (-3)
15% less capital invested
Capital invested by funds: $84.8M → $71.9M (-$12.9M)
40% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 20
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$632K |
| 2 |
SMC
Smith, Moore & Co
Clayton,
Missouri
|
+$547K |
| 3 |
Northern Trust
Chicago,
Illinois
|
+$492K |
| 4 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$276K |
| 5 |
HCM
Hollencrest Capital Management
Newport Beach,
California
|
+$266K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$1.58M |
| 2 |
AF
Affiance Financial
St. Louis Park,
Minnesota
|
-$1.18M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$546K |
| 4 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$523K |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$510K |
MMU Hedge Fund Activity: Q4 2016 in Review
57 of the 4,008 institutional investors tracked by Wall St. Rank reported a position in Western Asset Managed Municipals Fund (MMU) for Q4 2016, worth a combined $71.9M — down 15% from $84.8M a quarter earlier.
Fund positioning in MMU was balanced in Q4 2016: 7 funds opened new positions, 7 closed out, 12 added to existing stakes and 20 trimmed.
The largest buyer was Bank of America, adding an estimated $632K. The largest seller was Invesco, cutting an estimated $1.58M.
- 57 institutional investors held Western Asset Managed Municipals Fund (MMU) as of Q4 2016, down from 60 in Q3 2016.
- Funds reported $71.9M of Western Asset Managed Municipals Fund stock for Q4 2016, down 15% quarter-over-quarter.
- 7 funds opened new Western Asset Managed Municipals Fund positions in Q4 2016 and 7 closed out, a net change of 0 holders.
- The largest Western Asset Managed Municipals Fund buyer in Q4 2016 was Bank of America, an estimated $632K added.
- The largest Western Asset Managed Municipals Fund seller in Q4 2016 was Invesco, an estimated $1.58M sold.
Based on aggregated 13F filings for Q4 2016.