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SBI

Western Asset Intermediate Muni Fund
SBI

39 hedge funds and large institutions have $18.3M invested in Western Asset Intermediate Muni Fund in 2016 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 12 increasing their positions, 7 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

150% more first-time investments, than exits

New positions opened: 5 | Existing positions closed: 2

71% more repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 7

8% more funds holding

Funds holding: 36 → 39 (+3)

5% more capital invested

Capital invested by funds: $17.5M → $18.3M (+$817K)

0.37% more ownership

Funds ownership: 12.18% → 12.56% (+0.37%)

Holders
39
Holders Change
+3
Holders Change %
+8.33%
% of All Funds
1.04%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
12
Reduced
7
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
HK
Horizon Kinetics
New York
+$399K
2
Morgan Stanley
Morgan Stanley
New York
+$277K
3
SPC
Sigma Planning Corp
Michigan
+$143K
4
RJFSA
Raymond James Financial Services Advisors
Florida
+$137K
5
CRC
Curi RMB Capital
Illinois
+$111K

Top Sellers

Rank Fund Capital Flow
1
PGFC
Peapack-Gladstone Financial Corp
New Jersey
-$307K
2
WTC
WhitTier Trust Company
Nevada
-$265K
3
TIM
Tortoise Investment Management
New York
-$243K
4
First Trust Advisors
First Trust Advisors
Illinois
-$92.7K
5
BFEC
Benjamin F. Edwards & Company
Missouri
-$26.9K
Name Holding Trade Value Shares
Change 		Change in
Stake
CRC
26
Curi RMB Capital
Illinois
$110K +$111K +10,630 New
NFG
27
Next Financial Group
Texas
$101K – – –
US Bancorp
28
US Bancorp
Minnesota
$61K – – –
PNC Financial Services Group
29
PNC Financial Services Group
Pennsylvania
$42K – – –
Creative Planning
30
Creative Planning
Kansas
$39K – – –
SSB
31
Sandy Spring Bank
Maryland
$39K +$39.6K +3,801 New
MFT
32
Moisand Fitzgerald Tamayo
Florida
$27K – – –
AIM
33
Anchor Investment Management
South Carolina
$20.7K +$20.8K +2,000 New
KT
34
Kanaly Trust
Texas
$12K – – –
GWM
35
Geneos Wealth Management
Colorado
$10K +$10.6K +1,020 New
Royal Bank of Canada
36
Royal Bank of Canada
Ontario, Canada
$9K – – –
Citigroup
37
Citigroup
New York
$5K -$18.3K -1,758 -79%
RAM
38
Riggs Asset Management
Pennsylvania
$3K – – –
AIG
39
American International Group
New York
$2K – – –
PGFC
40
Peapack-Gladstone Financial Corp
New Jersey
– -$307K -30,029 Closed
ACS
41
Archford Capital Strategies
Illinois
– -$10K -1,001 Closed
1
2

SBI Hedge Fund Activity: Q1 2016 in Review

39 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Western Asset Intermediate Muni Fund (SBI) for Q1 2016, worth a combined $18.3M — up 4.7% from $17.5M a quarter earlier.

Buyers outnumbered sellers: 5 funds opened new SBI positions and 2 closed out — a net gain of 3 holders — while 12 added to existing stakes and 7 trimmed.

The largest buyer was Horizon Kinetics, adding an estimated $399K. The largest seller was Peapack-Gladstone Financial Corp, exiting entirely with an estimated $307K sold.

  • 39 institutional investors held Western Asset Intermediate Muni Fund (SBI) as of Q1 2016, up from 36 in Q4 2015.
  • Funds reported $18.3M of Western Asset Intermediate Muni Fund stock for Q1 2016, up 4.7% quarter-over-quarter.
  • 5 funds opened new Western Asset Intermediate Muni Fund positions in Q1 2016 and 2 closed out, a net change of +3 holders.
  • The largest Western Asset Intermediate Muni Fund buyer in Q1 2016 was Horizon Kinetics, an estimated $399K added.
  • The largest Western Asset Intermediate Muni Fund seller in Q1 2016 was Peapack-Gladstone Financial Corp, an estimated $307K sold.

Based on aggregated 13F filings for Q1 2016.