Western Asset Intermediate Muni Fund
SBI
29 hedge funds and large institutions have $16M invested in Western Asset Intermediate Muni Fund in 2014 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 8 increasing their positions, 6 reducing their positions, and 1 closing their positions.
300% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 1
33% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 6
12% more funds holding
Funds holding: 26 → 29 (+3)
11% more capital invested
Capital invested by funds: $14.3M → $16M (+$1.63M)
0.93% more ownership
Funds ownership: 10.69% → 11.62% (+0.93%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KCM
Kempner Capital Management
Galveston,
Texas
|
+$669K |
| 2 |
Morgan Stanley
New York
|
+$394K |
| 3 |
WT
Whittier Trust
South Pasadena,
California
|
+$250K |
| 4 |
First Trust Advisors
Wheaton,
Illinois
|
+$127K |
| 5 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
+$106K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TIM
Tortoise Investment Management
White Plains,
New York
|
-$154K |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$139K |
| 3 |
LPL Financial
San Diego,
California
|
-$100K |
| 4 |
KFS
KMS Financial Services
Seattle,
Washington
|
-$100K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$55.9K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CFSG
26
Community Financial Services Group
Newport,
Vermont
| $39K | – | – | – |
|
27
Citigroup
New York
| $32K | +$30.8K | +3,194 | New |
|
|
BRWA
28
B. Riley Wealth Advisors
Boca Raton,
Florida
| $16.9K | +$16.7K | +1,735 | New |
|
|
KT
29
Kanaly Trust
Houston,
Texas
| $11K | – | – | – |
|
|
KFS
30
KMS Financial Services
Seattle,
Washington
| – | -$100K | -10,500 | Closed |
|
SBI Hedge Fund Activity: Q2 2014 in Review
29 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Western Asset Intermediate Muni Fund (SBI) for Q2 2014, worth a combined $16M — up 11% from $14.3M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new SBI positions and 1 closed out — a net gain of 3 holders — while 8 added to existing stakes and 6 trimmed.
The largest buyer was Kempner Capital Management, opening a new position worth an estimated $669K. The largest seller was Tortoise Investment Management, cutting an estimated $154K.
- 29 institutional investors held Western Asset Intermediate Muni Fund (SBI) as of Q2 2014, up from 26 in Q1 2014.
- Funds reported $16M of Western Asset Intermediate Muni Fund stock for Q2 2014, up 11% quarter-over-quarter.
- 4 funds opened new Western Asset Intermediate Muni Fund positions in Q2 2014 and 1 closed out, a net change of +3 holders.
- The largest Western Asset Intermediate Muni Fund buyer in Q2 2014 was Kempner Capital Management, an estimated $669K added.
- The largest Western Asset Intermediate Muni Fund seller in Q2 2014 was Tortoise Investment Management, an estimated $154K sold.
Based on aggregated 13F filings for Q2 2014.