Western Asset Intermediate Muni Fund
SBI
26 hedge funds and large institutions have $14.3M invested in Western Asset Intermediate Muni Fund in 2014 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 11 increasing their positions, 6 reducing their positions, and 3 closing their positions.
83% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 6
15% more capital invested
Capital invested by funds: $12.5M → $14.3M (+$1.86M)
0.91% more ownership
Funds ownership: 9.79% → 10.69% (+0.91%)
0% more funds holding
Funds holding: 26 → 26 (0)
0% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$433K |
| 2 |
NL
NWAM LLC
Mercer Island,
Washington
|
+$266K |
| 3 |
WT
Whittier Trust
South Pasadena,
California
|
+$186K |
| 4 |
U
UBS
Zurich,
Switzerland
|
+$177K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$111K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
-$109K |
| 2 |
Morgan Stanley
New York
|
-$72.7K |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$58K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$57.3K |
| 5 |
KFS
KMS Financial Services
Seattle,
Washington
|
-$56.6K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
KT
26
Kanaly Trust
Houston,
Texas
| $11K | – | – | – |
|
|
FIMG
27
Financial & Investment Management Group
Traverse City,
Michigan
| – | -$109K | -12,000 | Closed |
|
|
28
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$58K | -6,400 | Closed |
|
29
Citigroup
New York
| – | -$7K | -775 | Closed |
|
SBI Hedge Fund Activity: Q1 2014 in Review
26 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Western Asset Intermediate Muni Fund (SBI) for Q1 2014, worth a combined $14.3M — up 15% from $12.5M a quarter earlier.
Fund positioning in SBI was balanced in Q1 2014: 3 funds opened new positions, 3 closed out, 11 added to existing stakes and 6 trimmed.
The largest buyer was Advisors Asset Management, adding an estimated $433K. The largest seller was Financial & Investment Management Group, exiting entirely with an estimated $109K sold.
- 26 institutional investors held Western Asset Intermediate Muni Fund (SBI) as of Q1 2014, unchanged from Q4 2013.
- Funds reported $14.3M of Western Asset Intermediate Muni Fund stock for Q1 2014, up 15% quarter-over-quarter.
- 3 funds opened new Western Asset Intermediate Muni Fund positions in Q1 2014 and 3 closed out, a net change of 0 holders.
- The largest Western Asset Intermediate Muni Fund buyer in Q1 2014 was Advisors Asset Management, an estimated $433K added.
- The largest Western Asset Intermediate Muni Fund seller in Q1 2014 was Financial & Investment Management Group, an estimated $109K sold.
Based on aggregated 13F filings for Q1 2014.