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SBI

Western Asset Intermediate Muni Fund
SBI

54 hedge funds and large institutions have $44.6M invested in Western Asset Intermediate Muni Fund in 2019 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 18 increasing their positions, 17 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

14% more capital invested

Capital invested by funds: $39M → $44.6M (+$5.54M)

4.84% more ownership

Funds ownership: 30.2% → 35.04% (+4.8%)

6% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 17

4% less funds holding

Funds holding: 56 → 54 (-2)

33% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 6

Holders
54
Holders Change
-2
Holders Change %
-3.57%
% of All Funds
1.06%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
4
Increased
18
Reduced
17
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
1CP
1607 Capital Partners
Virginia
+$3.85M
2
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$1.78M
3
ACA
Ackerman Capital Advisors
Texas
+$1.08M
4
Morgan Stanley
Morgan Stanley
New York
+$463K
5
IAA
Independent Advisor Alliance
North Carolina
+$446K

Top Sellers

Rank Fund Capital Flow
1
RCM
Robinson Capital Management
Michigan
-$862K
2
LCM
Landscape Capital Management
New Jersey
-$664K
3
WAM
Wolverine Asset Management
Illinois
-$342K
4
MIG
Mariner Investment Group
New York
-$329K
5
Bank of America
Bank of America
North Carolina
-$238K
Name Holding Trade Value Shares
Change 		Change in
Stake
RJFSA
26
Raymond James Financial Services Advisors
Florida
$248K +$891 +97 +0.4%
HKAM
27
Horizon Kinetics Asset Management
New York
$239K -$5.04K -549 -2%
PMG
28
ProVise Management Group
Florida
$238K – – –
TIM
29
Tortoise Investment Management
New York
$187K -$36.7K -4,000 -16%
LCM
30
Landscape Capital Management
New Jersey
$163K -$664K -72,274 -80%
Bank of America
31
Bank of America
North Carolina
$156K -$238K -25,878 -60%
DAS
32
Dynamic Advisor Solutions
Arizona
$138K – – –
BHWM
33
Bar Harbor Wealth Management
New Hampshire
$137K – – –
MC
34
Matisse Capital
Oregon
$136K – – –
6M
35
6 Meridian
Kansas
$129K +$3.72K +405 +3%
SC
36
Stratford Consulting
Texas
$128K +$1.48K +161 +1%
WAM
37
Wolverine Asset Management
Illinois
$105K -$342K -37,211 -76%
Janney Montgomery Scott
38
Janney Montgomery Scott
Pennsylvania
$100K – – –
MCCP
39
Mission Creek Capital Partners
California
$94K +$95.5K +10,400 New
Baird Financial Group
40
Baird Financial Group
Wisconsin
$91K – – –
PNC Financial Services Group
41
PNC Financial Services Group
Pennsylvania
$90K – – –
WAP
42
Wealthcare Advisory Partners
Pennsylvania
$64K – – –
FMII
43
Farmers & Merchants Investments Inc
Nebraska
$45K -$9 -1 -0%
MFT
44
Moisand Fitzgerald Tamayo
Florida
$23K – – –
RIA
45
Realta Investment Advisors
Delaware
$23K +$64 +7 +0.3%
BEI
46
Benjamin Edwards Inc
Missouri
$20K +$239 +26 +1%
AIM
47
Anchor Investment Management
South Carolina
$18.2K – – –
PMFA
48
Plante Moran Financial Advisors
Michigan
$18K – – –
AG
49
Advisor Group
Arizona
$10K – – –
Citigroup
50
Citigroup
New York
$7K +$6.63K +722 New
1
2
3

SBI Hedge Fund Activity: Q4 2019 in Review

54 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Western Asset Intermediate Muni Fund (SBI) for Q4 2019, worth a combined $44.6M — up 14% from $39M a quarter earlier.

Sellers outnumbered buyers: 6 funds closed out of SBI and 4 opened new positions — a net loss of 2 holders — while 17 trimmed existing stakes and 18 added.

The largest buyer was 1607 Capital Partners, adding an estimated $3.85M. The largest seller was Robinson Capital Management, exiting entirely with an estimated $862K sold.

  • 54 institutional investors held Western Asset Intermediate Muni Fund (SBI) as of Q4 2019, down from 56 in Q3 2019.
  • Funds reported $44.6M of Western Asset Intermediate Muni Fund stock for Q4 2019, up 14% quarter-over-quarter.
  • 4 funds opened new Western Asset Intermediate Muni Fund positions in Q4 2019 and 6 closed out, a net change of -2 holders.
  • The largest Western Asset Intermediate Muni Fund buyer in Q4 2019 was 1607 Capital Partners, an estimated $3.85M added.
  • The largest Western Asset Intermediate Muni Fund seller in Q4 2019 was Robinson Capital Management, an estimated $862K sold.

Based on aggregated 13F filings for Q4 2019.