Western Asset Managed Municipals Fund
MMU
71 hedge funds and large institutions have $68.8M invested in Western Asset Managed Municipals Fund in 2018 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 10 increasing their positions, 27 reducing their positions, and 15 closing their positions.
2% more capital inflows, than outflows
Capital inflows: $12.7M | Capital outflows: $12.4M
0.04% more ownership
Funds ownership: 12.52% → 12.55% (+0.04%)
7% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 15
1% less funds holding
Funds holding: 72 → 71 (-1)
63% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 27
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$8.64M |
| 2 |
Wakefield Asset Management
Englewood,
Colorado
|
+$749K |
| 3 |
HighTower Advisors
Chicago,
Illinois
|
+$680K |
| 4 |
Glovista Investments
Jersey City,
New Jersey
|
+$500K |
| 5 |
Buckingham Strategic Wealth
Clayton,
Missouri
|
+$323K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$3.92M |
| 2 |
Morgan Stanley
New York
|
-$1.47M |
| 3 |
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$923K |
| 4 |
Curi RMB Capital
Chicago,
Illinois
|
-$702K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$584K |
MMU Hedge Fund Activity: Q4 2018 in Review
71 of the 4,506 institutional investors tracked by Wall St. Rank reported a position in Western Asset Managed Municipals Fund (MMU) for Q4 2018, worth a combined $68.8M — down 28% from $96M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of MMU and 14 opened new positions — a net loss of 1 holder — while 27 trimmed existing stakes and 10 added.
The largest buyer was Fiera Capital (Canada), opening a new position worth an estimated $8.64M. The largest seller was Robinson Capital Management, exiting entirely with an estimated $3.92M sold.
- 71 institutional investors held Western Asset Managed Municipals Fund (MMU) as of Q4 2018, down from 72 in Q3 2018.
- Funds reported $68.8M of Western Asset Managed Municipals Fund stock for Q4 2018, down 28% quarter-over-quarter.
- 14 funds opened new Western Asset Managed Municipals Fund positions in Q4 2018 and 15 closed out, a net change of -1 holder.
- The largest Western Asset Managed Municipals Fund buyer in Q4 2018 was Fiera Capital (Canada), an estimated $8.64M added.
- The largest Western Asset Managed Municipals Fund seller in Q4 2018 was Robinson Capital Management, an estimated $3.92M sold.
Based on aggregated 13F filings for Q4 2018.