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SBI

Western Asset Intermediate Muni Fund
SBI

41 hedge funds and large institutions have $20.8M invested in Western Asset Intermediate Muni Fund in 2016 Q3 according to their latest regulatory filings, with 0 funds opening new positions, 12 increasing their positions, 10 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

20% more repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 10

0.33% less ownership

Funds ownership: 14.33% → 14% (-0.33%)

3% less capital invested

Capital invested by funds: $21.3M → $20.8M (-$553K)

5% less funds holding

Funds holding: 43 → 41 (-2)

100% less first-time investments, than exits

New positions opened: 0 | Existing positions closed: 2

Holders
41
Holders Change
-2
Holders Change %
-4.65%
% of All Funds
1.09%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
–
Increased
12
Reduced
10
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$741K
2
First Trust Advisors
First Trust Advisors
Illinois
+$149K
3
RJA
Raymond James & Associates
Florida
+$144K
4
PMG
ProVise Management Group
Florida
+$139K
5
RJFSA
Raymond James Financial Services Advisors
Florida
+$70.1K

Top Sellers

Rank Fund Capital Flow
1
RCM
Robinson Capital Management
Michigan
-$721K
2
CRC
Curi RMB Capital
Illinois
-$320K
3
Wells Fargo
Wells Fargo
California
-$227K
4
DA
Doliver Advisors
Texas
-$171K
5
Janney Montgomery Scott
Janney Montgomery Scott
Pennsylvania
-$166K
Name Holding Trade Value Shares
Change 		Change in
Stake
T
26
Thomaspartners
Massachusetts
$158K – – –
DA
27
Doliver Advisors
Texas
$153K -$171K -16,179 -53%
SPC
28
Sigma Planning Corp
Michigan
$147K +$1.06K +101 +0.7%
BFEC
29
Benjamin F. Edwards & Company
Missouri
$129K +$896 +85 +0.7%
LNC
30
Lincoln National Corp
Pennsylvania
$113K – – –
NFG
31
Next Financial Group
Texas
$75K -$19K -1,800 -20%
US Bancorp
32
US Bancorp
Minnesota
$63K – – –
PNC Financial Services Group
33
PNC Financial Services Group
Pennsylvania
$42K – – –
AG
34
Advisor Group
Arizona
$41K +$14.7K +1,391 +56%
Creative Planning
35
Creative Planning
Kansas
$40K – – –
SSB
36
Sandy Spring Bank
Maryland
$40K – – –
CHC
37
City Holding Co
West Virginia
$36K – – –
AIM
38
Anchor Investment Management
South Carolina
$21.1K – – –
KT
39
Kanaly Trust
Texas
$12K – – –
GWM
40
Geneos Wealth Management
Colorado
$10K – – –
RAM
41
Riggs Asset Management
Pennsylvania
$3K – – –
CRC
42
Curi RMB Capital
Illinois
– -$320K -30,286 Closed
WAM
43
Wolverine Asset Management
Illinois
– -$69K -6,552 Closed
1
2

SBI Hedge Fund Activity: Q3 2016 in Review

41 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Western Asset Intermediate Muni Fund (SBI) for Q3 2016, worth a combined $20.8M — down 2.6% from $21.3M a quarter earlier.

Sellers outnumbered buyers: 2 funds closed out of SBI and 0 opened new positions — a net loss of 2 holders — while 10 trimmed existing stakes and 12 added.

The largest buyer was Morgan Stanley, adding an estimated $741K. The largest seller was Robinson Capital Management, cutting an estimated $721K.

  • 41 institutional investors held Western Asset Intermediate Muni Fund (SBI) as of Q3 2016, down from 43 in Q2 2016.
  • Funds reported $20.8M of Western Asset Intermediate Muni Fund stock for Q3 2016, down 2.6% quarter-over-quarter.
  • 0 funds opened new Western Asset Intermediate Muni Fund positions in Q3 2016 and 2 closed out, a net change of -2 holders.
  • The largest Western Asset Intermediate Muni Fund buyer in Q3 2016 was Morgan Stanley, an estimated $741K added.
  • The largest Western Asset Intermediate Muni Fund seller in Q3 2016 was Robinson Capital Management, an estimated $721K sold.

Based on aggregated 13F filings for Q3 2016.