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SBI

Western Asset Intermediate Muni Fund
SBI

53 hedge funds and large institutions have $35.1M invested in Western Asset Intermediate Muni Fund in 2019 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 17 increasing their positions, 14 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

21% more repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 14

11% more capital invested

Capital invested by funds: $31.7M → $35.1M (+$3.36M)

2.7% more ownership

Funds ownership: 25.92% → 28.62% (+2.7%)

0% more first-time investments, than exits

New positions opened: 4 | Existing positions closed: 4

2% less funds holding

Funds holding: 54 → 53 (-1)

Holders
53
Holders Change
-1
Holders Change %
-1.85%
% of All Funds
1.15%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
4
Increased
17
Reduced
14
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Mercer Global Advisors
Mercer Global Advisors
Colorado
+$2.08M
2
Wells Fargo
Wells Fargo
California
+$725K
3
ACA
Ackerman Capital Advisors
Texas
+$493K
4
Morgan Stanley
Morgan Stanley
New York
+$233K
5
RJA
Raymond James & Associates
Florida
+$162K

Top Sellers

1
OC
Oppenheimer & Co
New York
-$302K
2
PAS
Park Avenue Securities
New York
-$253K
3
LTFS
Ladenburg Thalmann Financial Services
Florida
-$106K
4
Baird Financial Group
Baird Financial Group
Wisconsin
-$61.9K
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$61.1K
Name Holding Trade Value Shares
Change 		Change in
Stake
PMG
26
ProVise Management Group
Florida
$234K -$11.1K -1,250 -5%
TIM
27
Tortoise Investment Management
New York
$220K – – –
Stifel Financial
28
Stifel Financial
Missouri
$164K +$17.8K +2,013 +12%
DAS
29
Dynamic Advisor Solutions
Arizona
$136K – – –
BHWM
30
Bar Harbor Wealth Management
New Hampshire
$135K – – –
SC
31
Stratford Consulting
Texas
$124K +$1.14K +129 +0.9%
6M
32
6 Meridian
Kansas
$121K -$7.99K -903 -6%
TJHA
33
Thomas J. Herzfeld Advisors
Florida
$111K +$110K +12,417 New
BFEC
34
Benjamin F. Edwards & Company
Missouri
$103K -$19.2K -2,174 -16%
Cambridge Investment Research Advisors
35
Cambridge Investment Research Advisors
Iowa
$100K +$504 +57 +0.5%
Janney Montgomery Scott
36
Janney Montgomery Scott
Pennsylvania
$98K – – –
PNC Financial Services Group
37
PNC Financial Services Group
Pennsylvania
$90K – – –
Baird Financial Group
38
Baird Financial Group
Wisconsin
$89K -$61.9K -6,994 -41%
AAM
39
Advisors Asset Management
Colorado
$89K +$87.7K +9,912 New
WAP
40
Wealthcare Advisory Partners
Pennsylvania
$63K – – –
AG
41
Advisor Group
Arizona
$58K – – –
US Bancorp
42
US Bancorp
Minnesota
$53K – – –
FMII
43
Farmers & Merchants Investments Inc
Nebraska
$44K – – –
Northwestern Mutual Wealth Management
44
Northwestern Mutual Wealth Management
Wisconsin
$31K – – –
MFT
45
Moisand Fitzgerald Tamayo
Florida
$23K – – –
RIA
46
Realta Investment Advisors
Delaware
$22K +$10.6K +1,200 +96%
BEI
47
Benjamin Edwards Inc
Missouri
$20K +$19.4K +2,194 New
PMFA
48
Plante Moran Financial Advisors
Michigan
$18K – – –
AIM
49
Anchor Investment Management
South Carolina
$17.9K – – –
QCIG
50
Quad-Cities Investment Group
Iowa
$11K +$88 +10 +0.9%
1
2
3

SBI Hedge Fund Activity: Q2 2019 in Review

53 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Western Asset Intermediate Muni Fund (SBI) for Q2 2019, worth a combined $35.1M — up 11% from $31.7M a quarter earlier.

Fund positioning in SBI was balanced in Q2 2019: 4 funds opened new positions, 4 closed out, 17 added to existing stakes and 14 trimmed.

The largest buyer was Mercer Global Advisors, opening a new position worth an estimated $2.08M. The largest seller was Oppenheimer & Co, exiting entirely with an estimated $302K sold.

  • 53 institutional investors held Western Asset Intermediate Muni Fund (SBI) as of Q2 2019, down from 54 in Q1 2019.
  • Funds reported $35.1M of Western Asset Intermediate Muni Fund stock for Q2 2019, up 11% quarter-over-quarter.
  • 4 funds opened new Western Asset Intermediate Muni Fund positions in Q2 2019 and 4 closed out, a net change of 0 holders.
  • The largest Western Asset Intermediate Muni Fund buyer in Q2 2019 was Mercer Global Advisors, an estimated $2.08M added.
  • The largest Western Asset Intermediate Muni Fund seller in Q2 2019 was Oppenheimer & Co, an estimated $302K sold.

Based on aggregated 13F filings for Q2 2019.