Western Asset Managed Municipals Fund
MMU
61 hedge funds and large institutions have $73.3M invested in Western Asset Managed Municipals Fund in 2017 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 15 increasing their positions, 13 reducing their positions, and 4 closing their positions.
125% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 4
15% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 13
7% more funds holding
Funds holding: 57 → 61 (+4)
2% more capital invested
Capital invested by funds: $71.9M → $73.3M (+$1.41M)
0.07% more ownership
Funds ownership: 12.35% → 12.43% (+0.07%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
+$1.4M |
| 2 |
WIA
Westbourne Investment Advisors
Annapolis,
Maryland
|
+$520K |
| 3 |
MML Investors Services
Springfield,
Massachusetts
|
+$341K |
| 4 |
DA
Doliver Advisors
Houston,
Texas
|
+$277K |
| 5 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$272K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$1.1M |
| 2 |
Northern Trust
Chicago,
Illinois
|
-$680K |
| 3 |
Morgan Stanley
New York
|
-$538K |
| 4 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$231K |
| 5 |
Squarepoint
New York
|
-$210K |
MMU Hedge Fund Activity: Q1 2017 in Review
61 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Western Asset Managed Municipals Fund (MMU) for Q1 2017, worth a combined $73.3M — up 2% from $71.9M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new MMU positions and 4 closed out — a net gain of 5 holders — while 15 added to existing stakes and 13 trimmed.
The largest buyer was Ameriprise, opening a new position worth an estimated $1.4M. The largest seller was Invesco, cutting an estimated $1.1M.
- 61 institutional investors held Western Asset Managed Municipals Fund (MMU) as of Q1 2017, up from 57 in Q4 2016.
- Funds reported $73.3M of Western Asset Managed Municipals Fund stock for Q1 2017, up 2% quarter-over-quarter.
- 9 funds opened new Western Asset Managed Municipals Fund positions in Q1 2017 and 4 closed out, a net change of +5 holders.
- The largest Western Asset Managed Municipals Fund buyer in Q1 2017 was Ameriprise, an estimated $1.4M added.
- The largest Western Asset Managed Municipals Fund seller in Q1 2017 was Invesco, an estimated $1.1M sold.
Based on aggregated 13F filings for Q1 2017.