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SBI

Western Asset Intermediate Muni Fund
SBI

48 hedge funds and large institutions have $22.8M invested in Western Asset Intermediate Muni Fund in 2018 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 16 increasing their positions, 11 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

167% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 3

45% more repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 11

14% more capital invested

Capital invested by funds: $19.9M → $22.8M (+$2.86M)

12% more funds holding

Funds holding: 43 → 48 (+5)

2.52% more ownership

Funds ownership: 16.33% → 18.84% (+2.5%)

Holders
48
Holders Change
+5
Holders Change %
+11.63%
% of All Funds
1.1%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
16
Reduced
11
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
LCM
Laurion Capital Management
New York
+$970K
2
RCM
Robinson Capital Management
Michigan
+$610K
3
WTC
WhitTier Trust Company
Nevada
+$594K
4
CRC
Curi RMB Capital
Illinois
+$443K
5
MIG
Mariner Investment Group
New York
+$352K

Top Sellers

Rank Fund Capital Flow
1
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$453K
2
Janney Montgomery Scott
Janney Montgomery Scott
Pennsylvania
-$240K
3
UBS Group
UBS Group
Switzerland
-$193K
4
OC
Oppenheimer & Co
New York
-$94.1K
5
LNC
Lincoln National Corp
Pennsylvania
-$93K
Name Holding Trade Value Shares
Change 		Change in
Stake
SFG
26
StrategIQ Financial Group
Indiana
$202K +$202K +23,300 New
Baird Financial Group
27
Baird Financial Group
Wisconsin
$169K +$22.2K +2,556 +15%
6M
28
6 Meridian
Kansas
$163K +$6.53K +753 +4%
TIM
29
Tortoise Investment Management
New York
$153K -$46.9K -5,400 -23%
BHWM
30
Bar Harbor Wealth Management
New Hampshire
$131K – – –
Stifel Financial
31
Stifel Financial
Missouri
$121K +$121K +13,924 New
MML Investors Services
32
MML Investors Services
Massachusetts
$119K +$512 +59 +0.4%
BFEC
33
Benjamin F. Edwards & Company
Missouri
$118K +$46K +5,304 +64%
SC
34
Stratford Consulting
Texas
$115K +$1.17K +135 +1%
Janney Montgomery Scott
35
Janney Montgomery Scott
Pennsylvania
$95K -$240K -27,689 -72%
PNC Financial Services Group
36
PNC Financial Services Group
Pennsylvania
$86K -$84.9K -9,790 -49%
AG
37
Advisor Group
Arizona
$56K – – –
US Bancorp
38
US Bancorp
Minnesota
$51K – – –
WAP
39
Wealthcare Advisory Partners
Pennsylvania
$48K +$47.7K +5,500 New
WF
40
WealthTrust Fairport
Ohio
$32K – – –
CHC
41
City Holding Co
West Virginia
$29K – – –
QCIG
42
Quad-Cities Investment Group
Iowa
$27K +$27.1K +3,127 New
SPIA
43
Steward Partners Investment Advisory
New York
$26K – – –
WAM
44
Wealthspire Advisors (Maryland)
Maryland
$23K – – –
MFT
45
Moisand Fitzgerald Tamayo
Florida
$22K – – –
AIM
46
Anchor Investment Management
South Carolina
$17.3K – – –
GWM
47
Geneos Wealth Management
Colorado
$2K -$2.08K -240 -47%
Northwestern Mutual Wealth Management
48
Northwestern Mutual Wealth Management
Wisconsin
$1K +$1.18K +136 New
PMG
49
ProVise Management Group
Florida
$258 – – –
LNC
50
Lincoln National Corp
Pennsylvania
– -$93K -10,720 Closed
1
2
3

SBI Hedge Fund Activity: Q2 2018 in Review

48 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Western Asset Intermediate Muni Fund (SBI) for Q2 2018, worth a combined $22.8M — up 14% from $19.9M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new SBI positions and 3 closed out — a net gain of 5 holders — while 16 added to existing stakes and 11 trimmed.

The largest buyer was Laurion Capital Management, opening a new position worth an estimated $970K. The largest seller was Royal Bank of Canada, cutting an estimated $453K.

  • 48 institutional investors held Western Asset Intermediate Muni Fund (SBI) as of Q2 2018, up from 43 in Q1 2018.
  • Funds reported $22.8M of Western Asset Intermediate Muni Fund stock for Q2 2018, up 14% quarter-over-quarter.
  • 8 funds opened new Western Asset Intermediate Muni Fund positions in Q2 2018 and 3 closed out, a net change of +5 holders.
  • The largest Western Asset Intermediate Muni Fund buyer in Q2 2018 was Laurion Capital Management, an estimated $970K added.
  • The largest Western Asset Intermediate Muni Fund seller in Q2 2018 was Royal Bank of Canada, an estimated $453K sold.

Based on aggregated 13F filings for Q2 2018.