Western Asset Managed Municipals Fund
MMU
76 hedge funds and large institutions have $75.1M invested in Western Asset Managed Municipals Fund in 2020 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 18 increasing their positions, 19 reducing their positions, and 12 closing their positions.
1.66% more ownership
Funds ownership: 13.16% → 14.82% (+1.7%)
0% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 12
1% less capital invested
Capital invested by funds: $76.1M → $75.1M (-$995K)
5% less repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 19
3% less funds holding
Funds holding: 78 → 76 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$5.11M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.5M |
| 3 |
Morgan Stanley
New York
|
+$1.35M |
| 4 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$1.05M |
| 5 |
MIG
Mariner Investment Group
Harrison,
New York
|
+$846K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WWM
Western Wealth Management
Golden,
Colorado
|
-$1.49M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$1.28M |
| 3 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
-$736K |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$685K |
| 5 |
ACA
Ackerman Capital Advisors
Dallas,
Texas
|
-$554K |
MMU Hedge Fund Activity: Q1 2020 in Review
76 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Western Asset Managed Municipals Fund (MMU) for Q1 2020, worth a combined $75.1M — down 1.3% from $76.1M a quarter earlier.
Fund positioning in MMU was balanced in Q1 2020: 12 funds opened new positions, 12 closed out, 18 added to existing stakes and 19 trimmed.
The largest buyer was Robinson Capital Management, adding an estimated $5.11M. The largest seller was Western Wealth Management, exiting entirely with an estimated $1.49M sold.
- 76 institutional investors held Western Asset Managed Municipals Fund (MMU) as of Q1 2020, down from 78 in Q4 2019.
- Funds reported $75.1M of Western Asset Managed Municipals Fund stock for Q1 2020, down 1.3% quarter-over-quarter.
- 12 funds opened new Western Asset Managed Municipals Fund positions in Q1 2020 and 12 closed out, a net change of 0 holders.
- The largest Western Asset Managed Municipals Fund buyer in Q1 2020 was Robinson Capital Management, an estimated $5.11M added.
- The largest Western Asset Managed Municipals Fund seller in Q1 2020 was Western Wealth Management, an estimated $1.49M sold.
Based on aggregated 13F filings for Q1 2020.