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SBI

Western Asset Intermediate Muni Fund
SBI

36 hedge funds and large institutions have $17.5M invested in Western Asset Intermediate Muni Fund in 2015 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 8 increasing their positions, 7 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

14% more repeat investments, than reductions

Existing positions increased: 8 | Existing positions reduced: 7

0.62% less ownership

Funds ownership: 12.8% → 12.18% (-0.62%)

2% less capital invested

Capital invested by funds: $17.8M → $17.5M (-$305K)

3% less funds holding

Funds holding: 37 → 36 (-1)

17% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 6

Holders
36
Holders Change
-1
Holders Change %
-2.7%
% of All Funds
0.94%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
8
Reduced
7
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
HK
Horizon Kinetics
New York
+$401K
2
PGFC
Peapack-Gladstone Financial Corp
New Jersey
+$300K
3
MFS
MSI Financial Services
Massachusetts
+$211K
4
LPL Financial
LPL Financial
California
+$168K
5
Morgan Stanley
Morgan Stanley
New York
+$144K

Top Sellers

Rank Fund Capital Flow
1
SFWA
Summit Financial Wealth Advisors
Louisiana
-$877K
2
First Trust Advisors
First Trust Advisors
Illinois
-$514K
3
TIM
Tortoise Investment Management
New York
-$200K
4
OC
Oppenheimer & Co
New York
-$200K
5
LCM
Landscape Capital Management
New Jersey
-$124K
Name Holding Trade Value Shares
Change 		Change in
Stake
NFG
26
Next Financial Group
Texas
$100K – – –
US Bancorp
27
US Bancorp
Minnesota
$60K – – –
PNC Financial Services Group
28
PNC Financial Services Group
Pennsylvania
$40K – – –
Creative Planning
29
Creative Planning
Kansas
$39K – – –
MFT
30
Moisand Fitzgerald Tamayo
Florida
$26K +$25.8K +2,581 New
Citigroup
31
Citigroup
New York
$23K +$20.4K +2,042 +1,134%
KT
32
Kanaly Trust
Texas
$12K – – –
ACS
33
Archford Capital Strategies
Illinois
$10K +$10K +1,001 New
Royal Bank of Canada
34
Royal Bank of Canada
Ontario, Canada
$9K – – –
RAM
35
Riggs Asset Management
Pennsylvania
$3K – – –
AIG
36
American International Group
New York
$2K – – –
SFWA
37
Summit Financial Wealth Advisors
Louisiana
– -$877K -88,706 Closed
OC
38
Oppenheimer & Co
New York
– -$200K -20,200 Closed
LCM
39
Landscape Capital Management
New Jersey
– -$124K -12,493 Closed
BWFA
40
Baltimore-Washington Financial Advisors
Maryland
– -$40K -4,145 Closed
CFSG
41
Community Financial Services Group
Vermont
– -$39K -3,950 Closed
BCA
42
Bray Capital Advisors
Florida
– -$30K -3,029 Closed
1
2

SBI Hedge Fund Activity: Q4 2015 in Review

36 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in Western Asset Intermediate Muni Fund (SBI) for Q4 2015, worth a combined $17.5M — down 1.7% from $17.8M a quarter earlier.

Sellers outnumbered buyers: 6 funds closed out of SBI and 5 opened new positions — a net loss of 1 holder — while 7 trimmed existing stakes and 8 added.

The largest buyer was Horizon Kinetics, opening a new position worth an estimated $401K. The largest seller was Summit Financial Wealth Advisors, exiting entirely with an estimated $877K sold.

  • 36 institutional investors held Western Asset Intermediate Muni Fund (SBI) as of Q4 2015, down from 37 in Q3 2015.
  • Funds reported $17.5M of Western Asset Intermediate Muni Fund stock for Q4 2015, down 1.7% quarter-over-quarter.
  • 5 funds opened new Western Asset Intermediate Muni Fund positions in Q4 2015 and 6 closed out, a net change of -1 holder.
  • The largest Western Asset Intermediate Muni Fund buyer in Q4 2015 was Horizon Kinetics, an estimated $401K added.
  • The largest Western Asset Intermediate Muni Fund seller in Q4 2015 was Summit Financial Wealth Advisors, an estimated $877K sold.

Based on aggregated 13F filings for Q4 2015.