Western Asset Intermediate Muni Fund
SBI
37 hedge funds and large institutions have $18.6M invested in Western Asset Intermediate Muni Fund in 2015 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 7 increasing their positions, 8 reducing their positions, and 2 closing their positions.
150% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 2
9% more funds holding
Funds holding: 34 → 37 (+3)
5% more capital invested
Capital invested by funds: $17.8M → $18.6M (+$849K)
0.29% more ownership
Funds ownership: 12.96% → 13.26% (+0.29%)
13% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$446K |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$324K |
| 3 |
Northern Trust
Chicago,
Illinois
|
+$133K |
| 4 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$118K |
| 5 |
WTC
WhitTier Trust Company
Reno,
Nevada
|
+$105K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WT
Whittier Trust
South Pasadena,
California
|
-$217K |
| 2 |
First Trust Advisors
Wheaton,
Illinois
|
-$161K |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$158K |
| 4 |
OC
Oppenheimer & Co
New York
|
-$113K |
| 5 |
TIM
Tortoise Investment Management
White Plains,
New York
|
-$104K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
NFG
26
Next Financial Group
Houston,
Texas
| $67K | – | – | – |
|
27
US Bancorp
Minneapolis,
Minnesota
| $60K | – | – | – |
|
|
WAM
28
Wolverine Asset Management
Chicago,
Illinois
| $53K | +$52.7K | +5,304 | New |
|
|
BWFA
29
Baltimore-Washington Financial Advisors
Columbia,
Maryland
| $42K | – | – | – |
|
|
CFSG
30
Community Financial Services Group
Newport,
Vermont
| $40K | – | – | – |
|
31
Creative Planning
Overland Park,
Kansas
| $38K | +$37.6K | +3,785 | New |
|
|
KT
32
Kanaly Trust
Houston,
Texas
| $12K | – | – | – |
|
33
Royal Bank of Canada
Toronto,
Ontario, Canada
| $6K | – | – | – |
|
|
SC
34
Searle & Co
Greenwich,
Connecticut
| $5K | – | – | – |
|
|
RAM
35
Riggs Asset Management
Dallas,
Pennsylvania
| $3K | – | – | – |
|
|
AIG
36
American International Group
New York
| $1K | +$994 | +100 | New |
|
|
37
Northern Trust
Chicago,
Illinois
| $1K | +$133K | +13,400 | New |
|
|
OC
38
Oppenheimer & Co
New York
| – | -$113K | -11,565 | Closed |
|
|
BRWA
39
B. Riley Wealth Advisors
Boca Raton,
Florida
| – | -$17 | -1,735 | Closed |
|
SBI Hedge Fund Activity: Q1 2015 in Review
37 of the 3,752 institutional investors tracked by Wall St. Rank reported a position in Western Asset Intermediate Muni Fund (SBI) for Q1 2015, worth a combined $18.6M — up 4.8% from $17.8M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new SBI positions and 2 closed out — a net gain of 3 holders — while 7 added to existing stakes and 8 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $446K. The largest seller was Whittier Trust, cutting an estimated $217K.
- 37 institutional investors held Western Asset Intermediate Muni Fund (SBI) as of Q1 2015, up from 34 in Q4 2014.
- Funds reported $18.6M of Western Asset Intermediate Muni Fund stock for Q1 2015, up 4.8% quarter-over-quarter.
- 5 funds opened new Western Asset Intermediate Muni Fund positions in Q1 2015 and 2 closed out, a net change of +3 holders.
- The largest Western Asset Intermediate Muni Fund buyer in Q1 2015 was Morgan Stanley, an estimated $446K added.
- The largest Western Asset Intermediate Muni Fund seller in Q1 2015 was Whittier Trust, an estimated $217K sold.
Based on aggregated 13F filings for Q1 2015.