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SBI

Western Asset Intermediate Muni Fund
SBI

56 hedge funds and large institutions have $39M invested in Western Asset Intermediate Muni Fund in 2019 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 19 increasing their positions, 15 reducing their positions, and 1 closing their positions.

New
Increased
Maintained
Reduced
Closed

300% more first-time investments, than exits

New positions opened: 4 | Existing positions closed: 1

27% more repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 15

11% more capital invested

Capital invested by funds: $35.1M → $39M (+$3.93M)

6% more funds holding

Funds holding: 53 → 56 (+3)

1.58% more ownership

Funds ownership: 28.62% → 30.2% (+1.6%)

Holders
56
Holders Change
+3
Holders Change %
+5.66%
% of All Funds
1.23%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
4
Increased
19
Reduced
15
Closed
1
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RJA
Raymond James & Associates
Florida
+$855K
2
BFEC
Benjamin F. Edwards & Company
Missouri
+$770K
3
AAM
Advisors Asset Management
Colorado
+$734K
4
PAS
Park Avenue Securities
New York
+$339K
5
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$216K

Top Sellers

Rank Fund Capital Flow
1
WAM
Wolverine Asset Management
Illinois
-$529K
2
RCM
Robinson Capital Management
Michigan
-$303K
3
Wells Fargo
Wells Fargo
California
-$274K
4
Mercer Global Advisors
Mercer Global Advisors
Colorado
-$163K
5
LCM
Landscape Capital Management
New Jersey
-$140K
Name Holding Trade Value Shares
Change 		Change in
Stake
PAS
26
Park Avenue Securities
New York
$340K +$339K +37,055 New
MIG
27
Mariner Investment Group
New York
$329K -$43.8K -4,790 -12%
TJHA
28
Thomas J. Herzfeld Advisors
Florida
$282K +$167K +18,267 +147%
Stifel Financial
29
Stifel Financial
Missouri
$270K +$103K +11,240 +61%
RJFSA
30
Raymond James Financial Services Advisors
Florida
$250K +$694 +76 +0.3%
HKAM
31
Horizon Kinetics Asset Management
New York
$247K – – –
PMG
32
ProVise Management Group
Florida
$241K – – –
TIM
33
Tortoise Investment Management
New York
$226K – – –
DAS
34
Dynamic Advisor Solutions
Arizona
$140K – – –
BHWM
35
Bar Harbor Wealth Management
New Hampshire
$139K – – –
MC
36
Matisse Capital
Oregon
$137K +$136K +14,900 New
SC
37
Stratford Consulting
Texas
$128K +$1.15K +126 +0.9%
6M
38
6 Meridian
Kansas
$127K +$2.49K +272 +2%
Cambridge Investment Research Advisors
39
Cambridge Investment Research Advisors
Iowa
$103K +$585 +64 +0.6%
Janney Montgomery Scott
40
Janney Montgomery Scott
Pennsylvania
$101K – – –
Baird Financial Group
41
Baird Financial Group
Wisconsin
$92K – – –
PNC Financial Services Group
42
PNC Financial Services Group
Pennsylvania
$91K – – –
WAP
43
Wealthcare Advisory Partners
Pennsylvania
$64K – – –
US Bancorp
44
US Bancorp
Minnesota
$54K – – –
FMII
45
Farmers & Merchants Investments Inc
Nebraska
$45K – – –
MFT
46
Moisand Fitzgerald Tamayo
Florida
$24K – – –
RIA
47
Realta Investment Advisors
Delaware
$22K +$101 +11 +0.4%
BEI
48
Benjamin Edwards Inc
Missouri
$20K +$183 +20 +0.9%
AIM
49
Anchor Investment Management
South Carolina
$18.4K – – –
PMFA
50
Plante Moran Financial Advisors
Michigan
$18K – – –
1
2
3

SBI Hedge Fund Activity: Q3 2019 in Review

56 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Western Asset Intermediate Muni Fund (SBI) for Q3 2019, worth a combined $39M — up 11% from $35.1M a quarter earlier.

Buyers outnumbered sellers: 4 funds opened new SBI positions and 1 closed out — a net gain of 3 holders — while 19 added to existing stakes and 15 trimmed.

The largest buyer was Raymond James & Associates, adding an estimated $855K. The largest seller was Wolverine Asset Management, cutting an estimated $529K.

  • 56 institutional investors held Western Asset Intermediate Muni Fund (SBI) as of Q3 2019, up from 53 in Q2 2019.
  • Funds reported $39M of Western Asset Intermediate Muni Fund stock for Q3 2019, up 11% quarter-over-quarter.
  • 4 funds opened new Western Asset Intermediate Muni Fund positions in Q3 2019 and 1 closed out, a net change of +3 holders.
  • The largest Western Asset Intermediate Muni Fund buyer in Q3 2019 was Raymond James & Associates, an estimated $855K added.
  • The largest Western Asset Intermediate Muni Fund seller in Q3 2019 was Wolverine Asset Management, an estimated $529K sold.

Based on aggregated 13F filings for Q3 2019.