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MMU

Western Asset Managed Municipals Fund

73 hedge funds and large institutions have $97.6M invested in Western Asset Managed Municipals Fund in 2018 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 21 increasing their positions, 21 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

38% more capital invested

Capital invested by funds: $70.6M → $97.6M (+$27M)

0% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 21

0.1% less ownership

Funds ownership: 12.61%12.5% (-0.1%)

12% less funds holding

Funds holding: 8373 (-10)

83% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 12

Holders
73
Holders Change
-10
Holders Change %
-12.05%
% of All Funds
1.67%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
2
Increased
21
Reduced
21
Closed
12
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Ameriprise
1
Ameriprise
Minnesota
$30.9M -$35.7K -2,831 -5%
Morgan Stanley
2
Morgan Stanley
New York
$27.6M -$1.51M -119,264 -5%
Bank of America
3
Bank of America
North Carolina
$4.36M -$10.9K -867 -0.2%
RCM
4
Robinson Capital Management
Michigan
$3.92M +$1.98M +156,630 +94%
Wells Fargo
5
Wells Fargo
California
$2.67M +$94.4K +7,483 +4%
CWM
6
Cornerstone Wealth Management
Missouri
$2.35M +$40K +3,172 +11%
UBS Group
7
UBS Group
Switzerland
$2.26M +$7.52K +596 +0.3%
HighTower Advisors
8
HighTower Advisors
Illinois
$2.17M -$27.7K -2,193 -1%
RJFSA
9
Raymond James Financial Services Advisors
Florida
$1.96M -$14.3K -1,136 -0.7%
AF
10
Affiance Financial
Minnesota
$1.89M +$87.6K +6,940 +5%
N
11
Nuveen
North Carolina
$1.57M
VanEck Associates
12
VanEck Associates
New York
$1.43M +$146K +11,538 +11%
RJA
13
Raymond James & Associates
Florida
$1.1M -$102K -8,108 -8%
SWP
14
Stratos Wealth Partners
Ohio
$1.05M -$246K -19,519 -18%
LTFS
15
Ladenburg Thalmann Financial Services
Florida
$1.02M +$99.4K +7,875 +10%
CIA
16
Capital Investment Advisors
Georgia
$896K
SMC
17
Smith, Moore & Co
Missouri
$794K +$28.5K +2,260 +4%
CRC
18
Curi RMB Capital
Illinois
$702K -$283K -22,408 -28%
Royal Bank of Canada
19
Royal Bank of Canada
Ontario, Canada
$605K -$24.1K -1,912 -4%
MFW
20
Mosaic Family Wealth
Missouri
$541K +$14K +1,107 +3%
Commonwealth Equity Services
21
Commonwealth Equity Services
Massachusetts
$500K -$2.32K -184 -0.4%
HCM
22
Hollencrest Capital Management
California
$499K -$4.73K -375 -1%
LCM
23
Landscape Capital Management
New Jersey
$484K +$288K +22,834 +133%
WIA
24
Westbourne Investment Advisors
Maryland
$450K -$82K -6,500 -15%
WAM
25
Wolverine Asset Management
Illinois
$439K +$218K +17,269 +91%

MMU Hedge Fund Activity: Q3 2018 in Review

73 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Western Asset Managed Municipals Fund (MMU) for Q3 2018, worth a combined $97.6M — up 38% from $70.6M a quarter earlier.

Sellers outnumbered buyers: 12 funds closed out of MMU and 2 opened new positions — a net loss of 10 holders — while 21 trimmed existing stakes and 21 added.

The largest buyer was Robinson Capital Management, adding an estimated $1.98M. The largest seller was Morgan Stanley, cutting an estimated $1.51M.

  • 73 institutional investors held Western Asset Managed Municipals Fund (MMU) as of Q3 2018, down from 83 in Q2 2018.
  • Funds reported $97.6M of Western Asset Managed Municipals Fund stock for Q3 2018, up 38% quarter-over-quarter.
  • 2 funds opened new Western Asset Managed Municipals Fund positions in Q3 2018 and 12 closed out, a net change of -10 holders.
  • The largest Western Asset Managed Municipals Fund buyer in Q3 2018 was Robinson Capital Management, an estimated $1.98M added.
  • The largest Western Asset Managed Municipals Fund seller in Q3 2018 was Morgan Stanley, an estimated $1.51M sold.

Based on aggregated 13F filings for Q3 2018.