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SBI

Western Asset Intermediate Muni Fund
SBI

56 hedge funds and large institutions have $46.2M invested in Western Asset Intermediate Muni Fund in 2020 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 17 increasing their positions, 20 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

3% less capital invested

Capital invested by funds: $47.7M → $46.2M (-$1.51M)

3.31% less ownership

Funds ownership: 39.62% → 36.31% (-3.3%)

3% less funds holding

Funds holding: 58 → 56 (-2)

15% less repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 20

22% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 9

Holders
56
Holders Change
-2
Holders Change %
-3.45%
% of All Funds
1.13%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
7
Increased
17
Reduced
20
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$6.9M
2
ACA
Ackerman Capital Advisors
Texas
+$325K
3
LPL Financial
LPL Financial
California
+$160K
4
MC
Matisse Capital
Oregon
+$132K
5
RJFSA
Raymond James Financial Services Advisors
Florida
+$112K

Top Sellers

Rank Fund Capital Flow
1
RCM
Robinson Capital Management
Michigan
-$2.99M
2
Wells Fargo
Wells Fargo
California
-$2.42M
3
Morgan Stanley
Morgan Stanley
New York
-$2.41M
4
RJA
Raymond James & Associates
Florida
-$990K
5
BlackRock
BlackRock
New York
-$664K
Name Holding Trade Value Shares
Change 		Change in
Stake
LPL Financial
26
LPL Financial
California
$307K +$160K +17,850 +111%
Bank of America
27
Bank of America
North Carolina
$290K -$330K -36,827 -54%
AA
28
AQR Arbitrage
Connecticut
$289K -$102K -11,361 -26%
PMG
29
ProVise Management Group
Florida
$274K +$11.2K +1,250 +4%
HKAM
30
Horizon Kinetics Asset Management
New York
$207K -$2.1K -234 -1%
TIM
31
Tortoise Investment Management
New York
$187K – – –
DAS
32
Dynamic Advisor Solutions
Arizona
$138K – – –
BHWM
33
Bar Harbor Wealth Management
New Hampshire
$137K – – –
MC
34
Matisse Capital
Oregon
$134K +$132K +14,797 New
6M
35
6 Meridian
Kansas
$132K -$564 -63 -0.4%
WAP
36
Wealthcare Advisory Partners
Pennsylvania
$113K -$8.95K -1,000 -7%
PNC Financial Services Group
37
PNC Financial Services Group
Pennsylvania
$108K – – –
AAS
38
Avantax Advisory Services
Texas
$108K +$107K +11,900 New
ICMP
39
Integrated Capital Management (Pennsylvania)
Pennsylvania
$107K +$8.59K +960 +9%
MCCP
40
Mission Creek Capital Partners
California
$94K – – –
WFA
41
Wellspring Financial Advisors
Ohio
$94K +$93.1K +10,400 New
LB
42
Leo Brokerage
Texas
$94K +$98.5K +11,000 New
BFEC
43
Benjamin F. Edwards & Company
Missouri
$31K – – –
MFT
44
Moisand Fitzgerald Tamayo
Florida
$23K – – –
BEI
45
Benjamin Edwards Inc
Missouri
$21K +$161 +18 +0.8%
AIM
46
Anchor Investment Management
South Carolina
$18.1K – – –
Fifth Third Bancorp
47
Fifth Third Bancorp
Ohio
$18K +$17.9K +2,000 New
Citigroup
48
Citigroup
New York
$11K +$2.68K +299 +32%
MF
49
Manchester Financial
California
$5K -$263K -29,424 -98%
US Bancorp
50
US Bancorp
Minnesota
$5K -$2.24K -250 -32%
1
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SBI Hedge Fund Activity: Q3 2020 in Review

56 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Western Asset Intermediate Muni Fund (SBI) for Q3 2020, worth a combined $46.2M — down 3.2% from $47.7M a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of SBI and 7 opened new positions — a net loss of 2 holders — while 20 trimmed existing stakes and 17 added.

The largest buyer was Karpus Investment Management, opening a new position worth an estimated $6.9M. The largest seller was Robinson Capital Management, exiting entirely with an estimated $2.99M sold.

  • 56 institutional investors held Western Asset Intermediate Muni Fund (SBI) as of Q3 2020, down from 58 in Q2 2020.
  • Funds reported $46.2M of Western Asset Intermediate Muni Fund stock for Q3 2020, down 3.2% quarter-over-quarter.
  • 7 funds opened new Western Asset Intermediate Muni Fund positions in Q3 2020 and 9 closed out, a net change of -2 holders.
  • The largest Western Asset Intermediate Muni Fund buyer in Q3 2020 was Karpus Investment Management, an estimated $6.9M added.
  • The largest Western Asset Intermediate Muni Fund seller in Q3 2020 was Robinson Capital Management, an estimated $2.99M sold.

Based on aggregated 13F filings for Q3 2020.