Western Asset Managed Municipals Fund
MMU
80 hedge funds and large institutions have $95.8M invested in Western Asset Managed Municipals Fund in 2020 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 21 increasing their positions, 26 reducing their positions, and 6 closing their positions.
67% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 6
8% more capital invested
Capital invested by funds: $88.3M → $95.8M (+$7.47M)
5% more funds holding
Funds holding: 76 → 80 (+4)
0.5% more ownership
Funds ownership: 16.71% → 17.21% (+0.5%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
19% less repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 26
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$9.6M |
| 2 |
ACA
Ackerman Capital Advisors
Dallas,
Texas
|
+$661K |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$623K |
| 4 |
AFS
Access Financial Services
Minneapolis,
Minnesota
|
+$259K |
| 5 |
PHS
Pekin Hardy Strauss
Chicago,
Illinois
|
+$225K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HighTower Advisors
Chicago,
Illinois
|
-$3.61M |
| 2 |
N
Nuveen
Charlotte,
North Carolina
|
-$1.58M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.02M |
| 4 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$1.01M |
| 5 |
Invesco
Atlanta,
Georgia
|
-$617K |
MMU Hedge Fund Activity: Q4 2020 in Review
80 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Western Asset Managed Municipals Fund (MMU) for Q4 2020, worth a combined $95.8M — up 8.5% from $88.3M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new MMU positions and 6 closed out — a net gain of 4 holders — while 21 added to existing stakes and 26 trimmed.
The largest buyer was 1607 Capital Partners, adding an estimated $9.6M. The largest seller was HighTower Advisors, exiting entirely with an estimated $3.61M sold.
- 80 institutional investors held Western Asset Managed Municipals Fund (MMU) as of Q4 2020, up from 76 in Q3 2020.
- Funds reported $95.8M of Western Asset Managed Municipals Fund stock for Q4 2020, up 8.5% quarter-over-quarter.
- 10 funds opened new Western Asset Managed Municipals Fund positions in Q4 2020 and 6 closed out, a net change of +4 holders.
- The largest Western Asset Managed Municipals Fund buyer in Q4 2020 was 1607 Capital Partners, an estimated $9.6M added.
- The largest Western Asset Managed Municipals Fund seller in Q4 2020 was HighTower Advisors, an estimated $3.61M sold.
Based on aggregated 13F filings for Q4 2020.