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SBI

Western Asset Intermediate Muni Fund
SBI

64 hedge funds and large institutions have $49.4M invested in Western Asset Intermediate Muni Fund in 2023 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 13 increasing their positions, 24 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

71% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 7

8% more funds holding

Funds holding: 59 → 64 (+5)

1.6% more ownership

Funds ownership: 44.8% → 46.41% (+1.6%)

3% more capital invested

Capital invested by funds: $47.8M → $49.4M (+$1.59M)

46% less repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 24

Holders
64
Holders Change
+5
Holders Change %
+8.47%
% of All Funds
1.02%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
12
Increased
13
Reduced
24
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
+$2.53M
2
SCM
Saba Capital Management
New York
+$1.27M
3
CCP
Clough Capital Partners
Massachusetts
+$1.05M
4
WP
Woodline Partners
California
+$698K
5
LPL Financial
LPL Financial
California
+$237K

Top Sellers

Rank Fund Capital Flow
1
WTC
WhitTier Trust Company
Nevada
-$961K
2
RCM
Robinson Capital Management
Michigan
-$766K
3
1CP
1607 Capital Partners
Virginia
-$579K
4
WAM
Wolverine Asset Management
Illinois
-$576K
5
LSC
Logan Stone Capital
Illinois
-$462K
Name Holding Trade Value Shares
Change 		Change in
Stake
Cambridge Investment Research Advisors
26
Cambridge Investment Research Advisors
Iowa
$320K -$2.69K -343 -0.8%
KIM
27
Karpus Investment Management
New York
$316K – – –
Wells Fargo
28
Wells Fargo
California
$265K -$326K -41,552 -55%
BW
29
Basepoint Wealth
Iowa
$264K +$1.14K +145 +0.4%
WAP
30
Wealthcare Advisory Partners
Pennsylvania
$263K +$28.7K +3,650 +12%
Mercer Global Advisors
31
Mercer Global Advisors
Colorado
$260K -$3.93K -500 -1%
First Trust Advisors
32
First Trust Advisors
Illinois
$255K -$16.5K -2,095 -6%
Mariner
33
Mariner
Kansas
$220K – – –
PMG
34
ProVise Management Group
Florida
$204K – – –
MWM
35
Melfa Wealth Management
Massachusetts
$197K +$102 +13 +0.1%
RJFSA
36
Raymond James Financial Services Advisors
Florida
$190K -$1.09K -139 -0.6%
ATPW
37
Ashton Thomas Private Wealth
Arizona
$178K +$176K +22,463 New
Susquehanna International Group
38
Susquehanna International Group
Pennsylvania
$164K +$163K +20,782 New
AWA
39
Aquire Wealth Advisors
Utah
$156K +$154K +19,660 +100%
ICMP
40
Integrated Capital Management (Pennsylvania)
Pennsylvania
$149K +$172K +21,955 +128%
RJA
41
Raymond James & Associates
Florida
$127K -$24.6K -3,133 -16%
Stifel Financial
42
Stifel Financial
Missouri
$125K +$338 +43 +0.3%
BI
43
Bulldog Investors
New Jersey
$124K +$123K +15,695 New
BHWM
44
Bar Harbor Wealth Management
New Hampshire
$119K – – –
CWM
45
Connecticut Wealth Management
Connecticut
$108K +$107K +13,600 New
CAN
46
Cetera Advisor Networks
California
$102K +$101K +12,919 New
TPWA
47
TRUE Private Wealth Advisors
Oregon
$96.5K – – –
NCM
48
Narwhal Capital Management
Georgia
$92.5K +$55 +7 +0.1%
PNC Financial Services Group
49
PNC Financial Services Group
Pennsylvania
$92.2K – – –
HighTower Advisors
50
HighTower Advisors
Illinois
$81K -$77.6K -9,877 -44%
1
2
3

SBI Hedge Fund Activity: Q1 2023 in Review

64 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Western Asset Intermediate Muni Fund (SBI) for Q1 2023, worth a combined $49.4M — up 3.3% from $47.8M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new SBI positions and 7 closed out — a net gain of 5 holders — while 13 added to existing stakes and 24 trimmed.

The largest buyer was Sit Investment Associates, opening a new position worth an estimated $2.53M. The largest seller was WhitTier Trust Company, cutting an estimated $961K.

  • 64 institutional investors held Western Asset Intermediate Muni Fund (SBI) as of Q1 2023, up from 59 in Q4 2022.
  • Funds reported $49.4M of Western Asset Intermediate Muni Fund stock for Q1 2023, up 3.3% quarter-over-quarter.
  • 12 funds opened new Western Asset Intermediate Muni Fund positions in Q1 2023 and 7 closed out, a net change of +5 holders.
  • The largest Western Asset Intermediate Muni Fund buyer in Q1 2023 was Sit Investment Associates, an estimated $2.53M added.
  • The largest Western Asset Intermediate Muni Fund seller in Q1 2023 was WhitTier Trust Company, an estimated $961K sold.

Based on aggregated 13F filings for Q1 2023.