Western Asset Managed Municipals Fund
MMU
66 hedge funds and large institutions have $75.6M invested in Western Asset Managed Municipals Fund in 2017 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 15 increasing their positions, 19 reducing their positions, and 8 closing their positions.
0% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 8
0.35% less ownership
Funds ownership: 12.89% → 12.54% (-0.35%)
1% less capital invested
Capital invested by funds: $76.1M → $75.6M (-$437K)
1% less funds holding
Funds holding: 67 → 66 (-1)
21% less repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 19
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCMC
Paragon Capital Management (Colorado)
Denver,
Colorado
|
+$931K |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$862K |
| 3 |
Morgan Stanley
New York
|
+$757K |
| 4 |
I
IberiaBank
Lafayette,
Louisiana
|
+$251K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$249K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$2.56M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$934K |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$665K |
| 4 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
-$311K |
| 5 |
DA
Doliver Advisors
Houston,
Texas
|
-$263K |
MMU Hedge Fund Activity: Q3 2017 in Review
66 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Western Asset Managed Municipals Fund (MMU) for Q3 2017, worth a combined $75.6M — down 0.57% from $76.1M a quarter earlier.
Fund positioning in MMU was balanced in Q3 2017: 8 funds opened new positions, 8 closed out, 15 added to existing stakes and 19 trimmed.
The largest buyer was Paragon Capital Management (Colorado), opening a new position worth an estimated $931K. The largest seller was Robinson Capital Management, cutting an estimated $2.56M.
- 66 institutional investors held Western Asset Managed Municipals Fund (MMU) as of Q3 2017, down from 67 in Q2 2017.
- Funds reported $75.6M of Western Asset Managed Municipals Fund stock for Q3 2017, down 0.57% quarter-over-quarter.
- 8 funds opened new Western Asset Managed Municipals Fund positions in Q3 2017 and 8 closed out, a net change of 0 holders.
- The largest Western Asset Managed Municipals Fund buyer in Q3 2017 was Paragon Capital Management (Colorado), an estimated $931K added.
- The largest Western Asset Managed Municipals Fund seller in Q3 2017 was Robinson Capital Management, an estimated $2.56M sold.
Based on aggregated 13F filings for Q3 2017.