Western Asset Managed Municipals Fund
MMU
67 hedge funds and large institutions have $76.1M invested in Western Asset Managed Municipals Fund in 2017 Q2 according to their latest regulatory filings, with 11 funds opening new positions, 20 increasing their positions, 14 reducing their positions, and 4 closing their positions.
175% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 4
43% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 14
10% more funds holding
Funds holding: 61 → 67 (+6)
4% more capital invested
Capital invested by funds: $73.3M → $76.1M (+$2.79M)
0.46% more ownership
Funds ownership: 12.43% → 12.89% (+0.46%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$3M |
| 2 |
Morgan Stanley
New York
|
+$993K |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$395K |
| 4 |
VanEck Associates
New York
|
+$289K |
| 5 |
US Bancorp
Minneapolis,
Minnesota
|
+$263K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$1.8M |
| 2 |
LPL Financial
San Diego,
California
|
-$593K |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$353K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$311K |
| 5 |
PCMC
Paragon Capital Management (Colorado)
Denver,
Colorado
|
-$240K |
MMU Hedge Fund Activity: Q2 2017 in Review
67 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in Western Asset Managed Municipals Fund (MMU) for Q2 2017, worth a combined $76.1M — up 3.8% from $73.3M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new MMU positions and 4 closed out — a net gain of 7 holders — while 20 added to existing stakes and 14 trimmed.
The largest buyer was Robinson Capital Management, opening a new position worth an estimated $3M. The largest seller was Invesco, cutting an estimated $1.8M.
- 67 institutional investors held Western Asset Managed Municipals Fund (MMU) as of Q2 2017, up from 61 in Q1 2017.
- Funds reported $76.1M of Western Asset Managed Municipals Fund stock for Q2 2017, up 3.8% quarter-over-quarter.
- 11 funds opened new Western Asset Managed Municipals Fund positions in Q2 2017 and 4 closed out, a net change of +7 holders.
- The largest Western Asset Managed Municipals Fund buyer in Q2 2017 was Robinson Capital Management, an estimated $3M added.
- The largest Western Asset Managed Municipals Fund seller in Q2 2017 was Invesco, an estimated $1.8M sold.
Based on aggregated 13F filings for Q2 2017.