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SBI

Western Asset Intermediate Muni Fund
SBI

54 hedge funds and large institutions have $23.9M invested in Western Asset Intermediate Muni Fund in 2018 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 16 increasing their positions, 11 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 3

45% more repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 11

13% more funds holding

Funds holding: 48 → 54 (+6)

5% more capital invested

Capital invested by funds: $22.8M → $23.9M (+$1.18M)

1.28% more ownership

Funds ownership: 18.84% → 20.12% (+1.3%)

Holders
54
Holders Change
+6
Holders Change %
+12.5%
% of All Funds
1.23%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
9
Increased
16
Reduced
11
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$868K
2
AA
Ancora Advisors
Ohio
+$756K
3
WAM
Wolverine Asset Management
Illinois
+$436K
4
WTC
WhitTier Trust Company
Nevada
+$435K
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$353K

Top Sellers

Rank Fund Capital Flow
1
LCM
Laurion Capital Management
New York
-$969K
2
CRC
Curi RMB Capital
Illinois
-$498K
3
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$337K
4
Morgan Stanley
Morgan Stanley
New York
-$264K
5
CF
Centaurus Financial
California
-$249K
Name Holding Trade Value Shares
Change 		Change in
Stake
AA
26
AQR Arbitrage
Connecticut
$249K +$46.4K +5,411 +22%
HK
27
Horizon Kinetics
New York
$228K -$4.32K -503 -2%
Envestnet Asset Management
28
Envestnet Asset Management
Illinois
$224K +$227K +26,490 New
TIM
29
Tortoise Investment Management
New York
$175K +$25.7K +3,000 +17%
Baird Financial Group
30
Baird Financial Group
Wisconsin
$165K – – –
6M
31
6 Meridian
Kansas
$165K +$5.83K +679 +4%
AWS
32
AJ Wealth Strategies
New York
$143K +$145K +16,945 New
BHWM
33
Bar Harbor Wealth Management
New Hampshire
$128K – – –
WSTAM
34
Wilbanks Smith & Thomas Asset Management
Virginia
$127K +$129K +15,000 New
CPIG
35
Chicago Partners Investment Group
Illinois
$124K +$129K +15,000 New
MML Investors Services
36
MML Investors Services
Massachusetts
$120K +$3.57K +416 +3%
Stifel Financial
37
Stifel Financial
Missouri
$117K – – –
BFEC
38
Benjamin F. Edwards & Company
Missouri
$116K +$189 +22 +0.2%
SC
39
Stratford Consulting
Texas
$114K +$1.18K +137 +1%
1CP
40
1607 Capital Partners
Virginia
$110K +$112K +13,000 New
Janney Montgomery Scott
41
Janney Montgomery Scott
Pennsylvania
$93K – – –
PNC Financial Services Group
42
PNC Financial Services Group
Pennsylvania
$85K – – –
AG
43
Advisor Group
Arizona
$55K – – –
US Bancorp
44
US Bancorp
Minnesota
$50K – – –
WAP
45
Wealthcare Advisory Partners
Pennsylvania
$47K – – –
WF
46
WealthTrust Fairport
Ohio
$31K – – –
CHC
47
City Holding Co
West Virginia
$29K – – –
QCIG
48
Quad-Cities Investment Group
Iowa
$26K +$94 +11 +0.4%
SPIA
49
Steward Partners Investment Advisory
New York
$25K – – –
MFT
50
Moisand Fitzgerald Tamayo
Florida
$22K – – –
1
2
3

SBI Hedge Fund Activity: Q3 2018 in Review

54 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Western Asset Intermediate Muni Fund (SBI) for Q3 2018, worth a combined $23.9M — up 5.2% from $22.8M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new SBI positions and 3 closed out — a net gain of 6 holders — while 16 added to existing stakes and 11 trimmed.

The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $868K. The largest seller was Laurion Capital Management, exiting entirely with an estimated $969K sold.

  • 54 institutional investors held Western Asset Intermediate Muni Fund (SBI) as of Q3 2018, up from 48 in Q2 2018.
  • Funds reported $23.9M of Western Asset Intermediate Muni Fund stock for Q3 2018, up 5.2% quarter-over-quarter.
  • 9 funds opened new Western Asset Intermediate Muni Fund positions in Q3 2018 and 3 closed out, a net change of +6 holders.
  • The largest Western Asset Intermediate Muni Fund buyer in Q3 2018 was Rivernorth Capital Management, an estimated $868K added.
  • The largest Western Asset Intermediate Muni Fund seller in Q3 2018 was Laurion Capital Management, an estimated $969K sold.

Based on aggregated 13F filings for Q3 2018.