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SBI

Western Asset Intermediate Muni Fund
SBI

60 hedge funds and large institutions have $51.5M invested in Western Asset Intermediate Muni Fund in 2021 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 19 increasing their positions, 16 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

19% more repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 16

7% more capital invested

Capital invested by funds: $48.2M → $51.5M (+$3.35M)

3% more ownership

Funds ownership: 37.26% → 40.25% (+3%)

5% less funds holding

Funds holding: 63 → 60 (-3)

17% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 12

Holders
60
Holders Change
-3
Holders Change %
-4.76%
% of All Funds
1.05%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
10
Increased
19
Reduced
16
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
1CP
1607 Capital Partners
Virginia
+$2.15M
2
PPA
Parametric Portfolio Associates
Washington
+$1.1M
3
CSPIA
Cary Street Partners Investment Advisory
Virginia
+$916K
4
RCM
Rivernorth Capital Management
Florida
+$579K
5
SPIA
Steward Partners Investment Advisory
New York
+$308K

Top Sellers

Rank Fund Capital Flow
1
ACA
Ackerman Capital Advisors
Texas
-$557K
2
KAS
Kestra Advisory Services
Texas
-$505K
3
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$307K
4
APA
Allegiant Private Advisors
Florida
-$264K
5
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$216K
Name Holding Trade Value Shares
Change 		Change in
Stake
ACA
26
Ackerman Capital Advisors
Texas
$352K -$557K -60,266 -61%
UBS Group
27
UBS Group
Switzerland
$314K -$68.2K -7,374 -18%
SPIA
28
Steward Partners Investment Advisory
New York
$309K +$308K +33,272 New
Stifel Financial
29
Stifel Financial
Missouri
$285K -$31.8K -3,444 -10%
PMG
30
ProVise Management Group
Florida
$281K – – –
NCM
31
Narwhal Capital Management
Georgia
$237K +$236K +25,491 New
TIM
32
Tortoise Investment Management
New York
$192K – – –
Bank of America
33
Bank of America
North Carolina
$171K -$164K -17,707 -49%
AA
34
AQR Arbitrage
Connecticut
$142K -$109K -11,779 -44%
DAS
35
Dynamic Advisor Solutions
Arizona
$142K – – –
BHWM
36
Bar Harbor Wealth Management
New Hampshire
$140K – – –
6M
37
6 Meridian
Kansas
$139K +$1.65K +179 +1%
ICMP
38
Integrated Capital Management (Pennsylvania)
Pennsylvania
$137K +$20.6K +2,231 +18%
CSPIA
39
Cary Street Partners Investment Advisory
Virginia
$129K +$916K +99,113 +334%
MA
40
MJP Associates
Connecticut
$128K – – –
WAP
41
Wealthcare Advisory Partners
Pennsylvania
$116K – – –
PNC Financial Services Group
42
PNC Financial Services Group
Pennsylvania
$112K – – –
Fisher Asset Management
43
Fisher Asset Management
Washington
$100K +$99.2K +10,730 New
Cambridge Investment Research Advisors
44
Cambridge Investment Research Advisors
Iowa
$99K +$98.2K +10,627 New
CAN
45
Cetera Advisor Networks
California
$98K +$97.1K +10,511 New
MCCP
46
Mission Creek Capital Partners
California
$97K – – –
BFEC
47
Benjamin F. Edwards & Company
Missouri
$55K +$26.9K +2,911 +96%
CBT
48
CoreFirst Bank & Trust
Kansas
$53K +$52.6K +5,694 New
SIM
49
Sonora Investment Management
Arizona
$40K +$39.6K +4,280 New
WAM
50
Wolverine Asset Management
Illinois
$36K +$35.2K +3,805 +3,805%
1
2
3

SBI Hedge Fund Activity: Q1 2021 in Review

60 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Western Asset Intermediate Muni Fund (SBI) for Q1 2021, worth a combined $51.5M — up 7% from $48.2M a quarter earlier.

Sellers outnumbered buyers: 12 funds closed out of SBI and 10 opened new positions — a net loss of 2 holders — while 16 trimmed existing stakes and 19 added.

The largest buyer was 1607 Capital Partners, adding an estimated $2.15M. The largest seller was Ackerman Capital Advisors, cutting an estimated $557K.

  • 60 institutional investors held Western Asset Intermediate Muni Fund (SBI) as of Q1 2021, down from 63 in Q4 2020.
  • Funds reported $51.5M of Western Asset Intermediate Muni Fund stock for Q1 2021, up 7% quarter-over-quarter.
  • 10 funds opened new Western Asset Intermediate Muni Fund positions in Q1 2021 and 12 closed out, a net change of -2 holders.
  • The largest Western Asset Intermediate Muni Fund buyer in Q1 2021 was 1607 Capital Partners, an estimated $2.15M added.
  • The largest Western Asset Intermediate Muni Fund seller in Q1 2021 was Ackerman Capital Advisors, an estimated $557K sold.

Based on aggregated 13F filings for Q1 2021.