Western Asset Intermediate Muni Fund
SBI
35 hedge funds and large institutions have $18M invested in Western Asset Intermediate Muni Fund in 2015 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 6 increasing their positions, 9 reducing their positions, and 5 closing their positions.
0.08% less ownership
Funds ownership: 13.26% → 13.17% (-0.08%)
3% less capital invested
Capital invested by funds: $18.6M → $18M (-$622K)
5% less funds holding
Funds holding: 37 → 35 (-2)
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
33% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFWA
Summit Financial Wealth Advisors
Lafayette,
Louisiana
|
+$812K |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$78.7K |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$43.9K |
| 4 |
BCA
Bray Capital Advisors
Naples,
Florida
|
+$30.1K |
| 5 |
BFEC
Benjamin F. Edwards & Company
St. Louis,
Missouri
|
+$13.6K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$360K |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$120K |
| 3 |
FM
Foster & Motley
Cincinnati,
Ohio
|
-$106K |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$93.1K |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$87.2K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
US Bancorp
Minneapolis,
Minnesota
| $58K | – | – | – |
|
|
BWFA
27
Baltimore-Washington Financial Advisors
Columbia,
Maryland
| $40K | – | – | – |
|
|
CFSG
28
Community Financial Services Group
Newport,
Vermont
| $38K | – | – | – |
|
|
BCA
29
Bray Capital Advisors
Naples,
Florida
| $29K | +$30.1K | +3,029 | New |
|
|
KT
30
Kanaly Trust
Houston,
Texas
| $11K | – | – | – |
|
31
Royal Bank of Canada
Toronto,
Ontario, Canada
| $6K | – | – | – |
|
32
Citigroup
New York
| $5K | +$4.93K | +496 | New |
|
|
SC
33
Searle & Co
Greenwich,
Connecticut
| $4K | – | – | – |
|
|
RAM
34
Riggs Asset Management
Dallas,
Pennsylvania
| $3K | – | – | – |
|
|
AIG
35
American International Group
New York
| $1.94K | +$994 | +100 | +100% |
|
36
Northern Trust
Chicago,
Illinois
| – | -$1K | -13,400 | Closed |
|
|
KIM
37
Karpus Investment Management
Pittsford,
New York
| – | -$120K | -11,895 | Closed |
|
|
FM
38
Foster & Motley
Cincinnati,
Ohio
| – | -$106K | -10,500 | Closed |
|
|
WAM
39
Wolverine Asset Management
Chicago,
Illinois
| – | -$53K | -5,304 | Closed |
|
40
Creative Planning
Overland Park,
Kansas
| – | -$38K | -3,785 | Closed |
|
SBI Hedge Fund Activity: Q2 2015 in Review
35 of the 3,711 institutional investors tracked by Wall St. Rank reported a position in Western Asset Intermediate Muni Fund (SBI) for Q2 2015, worth a combined $18M — down 3.3% from $18.6M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of SBI and 4 opened new positions — a net loss of 1 holder — while 9 trimmed existing stakes and 6 added.
The largest buyer was Summit Financial Wealth Advisors, opening a new position worth an estimated $812K. The largest seller was UBS Group, cutting an estimated $360K.
- 35 institutional investors held Western Asset Intermediate Muni Fund (SBI) as of Q2 2015, down from 37 in Q1 2015.
- Funds reported $18M of Western Asset Intermediate Muni Fund stock for Q2 2015, down 3.3% quarter-over-quarter.
- 4 funds opened new Western Asset Intermediate Muni Fund positions in Q2 2015 and 5 closed out, a net change of -1 holder.
- The largest Western Asset Intermediate Muni Fund buyer in Q2 2015 was Summit Financial Wealth Advisors, an estimated $812K added.
- The largest Western Asset Intermediate Muni Fund seller in Q2 2015 was UBS Group, an estimated $360K sold.
Based on aggregated 13F filings for Q2 2015.