Western Asset Managed Municipals Fund
MMU
72 hedge funds and large institutions have $96M 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, 20 reducing their positions, and 12 closing their positions.
40% more capital invested
Capital invested by funds: $68.5M → $96M (+$27.5M)
5% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 20
0.02% less ownership
Funds ownership: 12.54% → 12.52% (-0.02%)
12% less funds holding
Funds holding: 82 → 72 (-10)
83% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$1.98M |
| 2 |
HCM
Hollencrest Capital Management
Newport Beach,
California
|
+$479K |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$288K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$218K |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
+$188K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$1.51M |
| 2 |
SG Americas Securities
New York
|
-$532K |
| 3 |
NMC
Nine Masts Capital
Central,
Hong Kong
|
-$349K |
| 4 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$283K |
| 5 |
SWP
Stratos Wealth Partners
Beachwood,
Ohio
|
-$246K |
MMU Hedge Fund Activity: Q3 2018 in Review
72 of the 4,391 institutional investors tracked by Wall St. Rank reported a position in Western Asset Managed Municipals Fund (MMU) for Q3 2018, worth a combined $96M — up 40% from $68.5M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of MMU and 2 opened new positions — a net loss of 10 holders — while 20 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.
- 72 institutional investors held Western Asset Managed Municipals Fund (MMU) as of Q3 2018, down from 82 in Q2 2018.
- Funds reported $96M of Western Asset Managed Municipals Fund stock for Q3 2018, up 40% 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.