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SBI

Western Asset Intermediate Muni Fund
SBI

54 hedge funds and large institutions have $31.7M invested in Western Asset Intermediate Muni Fund in 2019 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 24 increasing their positions, 5 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

380% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 5

125% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 4

6% more funds holding

Funds holding: 51 → 54 (+3)

0% more capital invested

Capital invested by funds: $31.7M → $31.7M (+$85.3K)

1.01% less ownership

Funds ownership: 26.93% → 25.92% (-1%)

Holders
54
Holders Change
+3
Holders Change %
+5.88%
% of All Funds
1.17%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
9
Increased
24
Reduced
5
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PPA
Parametric Portfolio Associates
Washington
+$959K
2
Wells Fargo
Wells Fargo
California
+$637K
3
ACA
Ackerman Capital Advisors
Texas
+$420K
4
Morgan Stanley
Morgan Stanley
New York
+$387K
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$278K

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$1.74M
2
CRC
Curi RMB Capital
Illinois
-$376K
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$188K
4
AA
AQR Arbitrage
Connecticut
-$146K
5
RCM
Robinson Capital Management
Michigan
-$45.9K
Name Holding Trade Value Shares
Change 		Change in
Stake
PMG
26
ProVise Management Group
Florida
$242K – – –
HKAM
27
Horizon Kinetics Asset Management
New York
$238K +$234K +26,983 New
TIM
28
Tortoise Investment Management
New York
$217K – – –
Baird Financial Group
29
Baird Financial Group
Wisconsin
$150K – – –
Stifel Financial
30
Stifel Financial
Missouri
$145K +$8.72K +1,007 +7%
DAS
31
Dynamic Advisor Solutions
Arizona
$134K +$132K +15,240 New
BHWM
32
Bar Harbor Wealth Management
New Hampshire
$133K – – –
6M
33
6 Meridian
Kansas
$127K +$17.4K +2,008 +16%
BFEC
34
Benjamin F. Edwards & Company
Missouri
$121K +$121 +14 +0.1%
SC
35
Stratford Consulting
Texas
$121K +$745 +86 +0.6%
Cambridge Investment Research Advisors
36
Cambridge Investment Research Advisors
Iowa
$98K +$329 +38 +0.3%
Janney Montgomery Scott
37
Janney Montgomery Scott
Pennsylvania
$97K – – –
PNC Financial Services Group
38
PNC Financial Services Group
Pennsylvania
$89K – – –
WAP
39
Wealthcare Advisory Partners
Pennsylvania
$62K – – –
AG
40
Advisor Group
Arizona
$57K – – –
US Bancorp
41
US Bancorp
Minnesota
$52K – – –
FMII
42
Farmers & Merchants Investments Inc
Nebraska
$44K +$42.9K +4,955 New
WF
43
WealthTrust Fairport
Ohio
$32K – – –
Northwestern Mutual Wealth Management
44
Northwestern Mutual Wealth Management
Wisconsin
$31K +$30K +3,470 New
MFT
45
Moisand Fitzgerald Tamayo
Florida
$23K – – –
PMFA
46
Plante Moran Financial Advisors
Michigan
$18K +$17.3K +2,000 New
AIM
47
Anchor Investment Management
South Carolina
$17.6K – – –
HNB
48
Huntington National Bank
Ohio
$11K – – –
RIA
49
Realta Investment Advisors
Delaware
$11K +$10.8K +1,250 New
QCIG
50
Quad-Cities Investment Group
Iowa
$10K -$17.4K -2,014 -64%
1
2
3

SBI Hedge Fund Activity: Q1 2019 in Review

54 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Western Asset Intermediate Muni Fund (SBI) for Q1 2019, worth a combined $31.7M — up 0.27% from $31.7M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new SBI positions and 4 closed out — a net gain of 5 holders — while 24 added to existing stakes and 5 trimmed.

The largest buyer was Parametric Portfolio Associates, adding an estimated $959K. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $1.74M sold.

  • 54 institutional investors held Western Asset Intermediate Muni Fund (SBI) as of Q1 2019, up from 51 in Q4 2018.
  • Funds reported $31.7M of Western Asset Intermediate Muni Fund stock for Q1 2019, up 0.27% quarter-over-quarter.
  • 9 funds opened new Western Asset Intermediate Muni Fund positions in Q1 2019 and 4 closed out, a net change of +5 holders.
  • The largest Western Asset Intermediate Muni Fund buyer in Q1 2019 was Parametric Portfolio Associates, an estimated $959K added.
  • The largest Western Asset Intermediate Muni Fund seller in Q1 2019 was Rivernorth Capital Management, an estimated $1.74M sold.

Based on aggregated 13F filings for Q1 2019.