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MMU

Western Asset Managed Municipals Fund
MMU

78 hedge funds and large institutions have $76.1M invested in Western Asset Managed Municipals Fund in 2019 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 18 increasing their positions, 14 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

183% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 6

29% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 14

15% more funds holding

Funds holding: 68 → 78 (+10)

7% more capital invested

Capital invested by funds: $70.9M → $76.1M (+$5.15M)

1.27% more ownership

Funds ownership: 11.89% → 13.16% (+1.3%)

Holders
78
Holders Change
+10
Holders Change %
+14.71%
% of All Funds
1.54%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
17
Increased
18
Reduced
14
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
WWM
Western Wealth Management
Colorado
+$1.48M
2
RCM
Robinson Capital Management
Michigan
+$1.26M
3
LCM
Landscape Capital Management
New Jersey
+$1.15M
4
WAM
Wolverine Asset Management
Illinois
+$766K
5
Truist Financial
Truist Financial
North Carolina
+$619K

Top Sellers

1
Wells Fargo
Wells Fargo
California
-$364K
2
Morgan Stanley
Morgan Stanley
New York
-$336K
3
UBS Group
UBS Group
Switzerland
-$315K
4
OFG
OTA Financial Group
New York
-$301K
5
QCIG
Quad-Cities Investment Group
Iowa
-$147K
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$28.9M -$336K -24,579 -1%
Bank of America
2
Bank of America
North Carolina
$6.44M +$245K +17,952 +4%
HighTower Advisors
3
HighTower Advisors
Illinois
$3.4M +$116K +8,459 +3%
VanEck Associates
4
VanEck Associates
New York
$2.14M +$413K +30,219 +23%
Wells Fargo
5
Wells Fargo
California
$2.11M -$364K -26,635 -14%
UBS Group
6
UBS Group
Switzerland
$1.87M -$315K -23,079 -14%
N
7
Nuveen
North Carolina
$1.73M – – –
Invesco
8
Invesco
Georgia
$1.54M +$39.3K +2,875 +3%
AF
9
Affiance Financial
Minnesota
$1.51M -$4.57K -334 -0.3%
WWM
10
Western Wealth Management
Colorado
$1.49M +$1.48M +108,480 New
Ameriprise
11
Ameriprise
Minnesota
$1.46M +$94.8K +6,933 +7%
KMWM
12
Keudell/Morrison Wealth Management
Oregon
$1.31M -$23.9K -1,750 -2%
RJFSA
13
Raymond James Financial Services Advisors
Florida
$1.29M +$147K +10,757 +13%
Royal Bank of Canada
14
Royal Bank of Canada
Ontario, Canada
$1.28M +$210K +15,395 +19%
LTFS
15
Ladenburg Thalmann Financial Services
Florida
$1.27M +$1.3K +95 +0.1%
RCM
16
Robinson Capital Management
Michigan
$1.23M +$1.26M +92,209 New
RJA
17
Raymond James & Associates
Florida
$1.15M -$72.4K -5,296 -6%
SWP
18
Stratos Wealth Partners
Ohio
$1.14M +$5.11K +374 +0.4%
LCM
19
Landscape Capital Management
New Jersey
$1.12M +$1.15M +84,103 New
MFW
20
Mosaic Family Wealth
Missouri
$888K -$68.2K -4,991 -7%
GC
21
Guggenheim Capital
Illinois
$750K -$451 -33 -0.1%
WAM
22
Wolverine Asset Management
Illinois
$746K +$766K +56,057 New
PAG
23
Private Advisor Group
New Jersey
$736K -$27K -1,976 -3%
AMC
24
Asset Management Corp
Illinois
$698K +$716K +52,378 New
Truist Financial
25
Truist Financial
North Carolina
$603K +$619K +45,309 New
1
2 3 4

MMU Hedge Fund Activity: Q4 2019 in Review

78 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Western Asset Managed Municipals Fund (MMU) for Q4 2019, worth a combined $76.1M — up 7.3% from $70.9M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new MMU positions and 6 closed out — a net gain of 11 holders — while 18 added to existing stakes and 14 trimmed.

The largest buyer was Western Wealth Management, opening a new position worth an estimated $1.48M. The largest seller was Wells Fargo, cutting an estimated $364K.

  • 78 institutional investors held Western Asset Managed Municipals Fund (MMU) as of Q4 2019, up from 68 in Q3 2019.
  • Funds reported $76.1M of Western Asset Managed Municipals Fund stock for Q4 2019, up 7.3% quarter-over-quarter.
  • 17 funds opened new Western Asset Managed Municipals Fund positions in Q4 2019 and 6 closed out, a net change of +11 holders.
  • The largest Western Asset Managed Municipals Fund buyer in Q4 2019 was Western Wealth Management, an estimated $1.48M added.
  • The largest Western Asset Managed Municipals Fund seller in Q4 2019 was Wells Fargo, an estimated $364K sold.

Based on aggregated 13F filings for Q4 2019.