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MMU

Western Asset Managed Municipals Fund
MMU

76 hedge funds and large institutions have $88.3M invested in Western Asset Managed Municipals Fund in 2020 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 22 increasing their positions, 22 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

5% more capital invested

Capital invested by funds: $84M → $88.3M (+$4.32M)

0.58% more ownership

Funds ownership: 16.13% → 16.71% (+0.58%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

0% more repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 22

1% less funds holding

Funds holding: 77 → 76 (-1)

11% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 9

Holders
76
Holders Change
-1
Holders Change %
-1.3%
% of All Funds
1.53%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.04%
New
8
Increased
22
Reduced
22
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
1CP
1607 Capital Partners
Virginia
+$2.44M
2
PPA
Parametric Portfolio Associates
Washington
+$934K
3
RCM
Rivernorth Capital Management
Florida
+$541K
4
MIG
Mariner Investment Group
New York
+$530K
5
ACA
Ackerman Capital Advisors
Texas
+$515K

Top Sellers

1
SIA
Sit Investment Associates
Minnesota
-$830K
2
Wells Fargo
Wells Fargo
California
-$710K
3
Invesco
Invesco
Georgia
-$648K
4
Bank of America
Bank of America
North Carolina
-$424K
5
LCM
Landscape Capital Management
New Jersey
-$301K
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$26.5M +$412K +33,320 +2%
RCM
2
Robinson Capital Management
Michigan
$12M +$32.9K +2,655 +0.3%
Bank of America
3
Bank of America
North Carolina
$3.69M -$424K -34,288 -10%
HighTower Advisors
4
HighTower Advisors
Illinois
$3.61M +$225K +18,205 +7%
UBS Group
5
UBS Group
Switzerland
$2.72M -$108K -8,767 -4%
VanEck Associates
6
VanEck Associates
New York
$2.55M +$183K +14,828 +8%
RCM
7
Rivernorth Capital Management
Florida
$2.54M +$541K +43,730 +27%
PPA
8
Parametric Portfolio Associates
Washington
$2.51M +$934K +75,477 +58%
1CP
9
1607 Capital Partners
Virginia
$2.4M +$2.44M +197,056 New
MIG
10
Mariner Investment Group
New York
$2.27M +$530K +42,822 +30%
Fiera Capital (Canada)
11
Fiera Capital (Canada)
Quebec, Canada
$2.02M +$39.8K +3,219 +2%
Royal Bank of Canada
12
Royal Bank of Canada
Ontario, Canada
$1.65M +$456K +36,845 +37%
N
13
Nuveen
North Carolina
$1.58M – – –
Osaic Holdings
14
Osaic Holdings
Arizona
$1.24M -$32K -2,586 -2%
KMWM
15
Keudell/Morrison Wealth Management
Oregon
$1.2M -$16.1K -1,300 -1%
GC
16
Guggenheim Capital
Illinois
$1.19M -$27.5K -2,221 -2%
AA
17
AQR Arbitrage
Connecticut
$1.16M +$355K +28,666 +43%
AF
18
Affiance Financial
Minnesota
$1.1M -$79.4K -6,413 -7%
WAM
19
Wolverine Asset Management
Illinois
$1.06M -$1.57K -127 -0.1%
Wells Fargo
20
Wells Fargo
California
$1.03M -$710K -57,375 -40%
Ameriprise
21
Ameriprise
Minnesota
$1.02M +$50.5K +4,084 +5%
RJFSA
22
Raymond James Financial Services Advisors
Florida
$943K +$1.72K +139 +0.2%
MFW
23
Mosaic Family Wealth
Missouri
$904K +$26.2K +2,115 +3%
RJA
24
Raymond James & Associates
Florida
$904K +$47.3K +3,825 +5%
AMC
25
Asset Management Corp
Illinois
$624K +$1.45K +117 +0.2%
1
2 3 4

MMU Hedge Fund Activity: Q3 2020 in Review

76 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Western Asset Managed Municipals Fund (MMU) for Q3 2020, worth a combined $88.3M — up 5.1% from $84M a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of MMU and 8 opened new positions — a net loss of 1 holder — while 22 trimmed existing stakes and 22 added.

The largest buyer was 1607 Capital Partners, opening a new position worth an estimated $2.44M. The largest seller was Sit Investment Associates, exiting entirely with an estimated $830K sold.

  • 76 institutional investors held Western Asset Managed Municipals Fund (MMU) as of Q3 2020, down from 77 in Q2 2020.
  • Funds reported $88.3M of Western Asset Managed Municipals Fund stock for Q3 2020, up 5.1% quarter-over-quarter.
  • 8 funds opened new Western Asset Managed Municipals Fund positions in Q3 2020 and 9 closed out, a net change of -1 holder.
  • The largest Western Asset Managed Municipals Fund buyer in Q3 2020 was 1607 Capital Partners, an estimated $2.44M added.
  • The largest Western Asset Managed Municipals Fund seller in Q3 2020 was Sit Investment Associates, an estimated $830K sold.

Based on aggregated 13F filings for Q3 2020.