Western Asset Intermediate Muni Fund
SBI
60 hedge funds and large institutions have $50M invested in Western Asset Intermediate Muni Fund in 2023 Q2 according to their latest regulatory filings, with 1 funds opening new positions, 17 increasing their positions, 25 reducing their positions, and 5 closing their positions.
1% more capital invested
Capital invested by funds: $49.4M → $50M (+$590K)
0.26% more ownership
Funds ownership: 46.41% → 46.66% (+0.26%)
6% less funds holding
Funds holding: 64 → 60 (-4)
32% less repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 25
80% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$2.05M |
| 2 |
SCM
Saba Capital Management
New York
|
+$737K |
| 3 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$249K |
| 4 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
+$128K |
| 5 |
MML Investors Services
Springfield,
Massachusetts
|
+$80.6K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$1.06M |
| 2 |
WP
Woodline Partners
San Francisco,
California
|
-$702K |
| 3 |
LPL Financial
San Diego,
California
|
-$238K |
| 4 |
WTC
WhitTier Trust Company
Reno,
Nevada
|
-$168K |
| 5 |
ICMP
Integrated Capital Management (Pennsylvania)
Jessup,
Pennsylvania
|
-$167K |
SBI Hedge Fund Activity: Q2 2023 in Review
60 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Western Asset Intermediate Muni Fund (SBI) for Q2 2023, worth a combined $50M — up 1.2% from $49.4M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of SBI and 1 opened new positions — a net loss of 4 holders — while 25 trimmed existing stakes and 17 added.
The largest buyer was Rivernorth Capital Management, adding an estimated $2.05M. The largest seller was Clough Capital Partners, exiting entirely with an estimated $1.06M sold.
- 60 institutional investors held Western Asset Intermediate Muni Fund (SBI) as of Q2 2023, down from 64 in Q1 2023.
- Funds reported $50M of Western Asset Intermediate Muni Fund stock for Q2 2023, up 1.2% quarter-over-quarter.
- 1 fund opened new Western Asset Intermediate Muni Fund positions in Q2 2023 and 5 closed out, a net change of -4 holders.
- The largest Western Asset Intermediate Muni Fund buyer in Q2 2023 was Rivernorth Capital Management, an estimated $2.05M added.
- The largest Western Asset Intermediate Muni Fund seller in Q2 2023 was Clough Capital Partners, an estimated $1.06M sold.
Based on aggregated 13F filings for Q2 2023.