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SBI

Western Asset Intermediate Muni Fund
SBI

67 hedge funds and large institutions have $50.6M invested in Western Asset Intermediate Muni Fund in 2023 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 18 increasing their positions, 23 reducing their positions, and 0 closing their positions.

New
Increased
Maintained
Reduced
Closed

12% more funds holding

Funds holding: 60 → 67 (+7)

3.66% more ownership

Funds ownership: 46.66% → 50.32% (+3.7%)

1% more capital invested

Capital invested by funds: $50M → $50.6M (+$655K)

22% less repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 23

Holders
67
Holders Change
+7
Holders Change %
+11.67%
% of All Funds
1.06%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
7
Increased
18
Reduced
23
Closed
–
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
+$2.14M
2
SCM
Saba Capital Management
New York
+$1.33M
3
API
Advisor Partners II
California
+$473K
4
LSC
Logan Stone Capital
Illinois
+$467K
5
AA
AQR Arbitrage
Connecticut
+$252K

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$461K
2
WT
Whittier Trust
California
-$253K
3
WTC
WhitTier Trust Company
Nevada
-$199K
4
Morgan Stanley
Morgan Stanley
New York
-$152K
5
TIM
Tortoise Investment Management
New York
-$111K
Name Holding Trade Value Shares
Change 		Change in
Stake
KCM
26
Kempner Capital Management
Texas
$342K – – –
Wells Fargo
27
Wells Fargo
California
$307K +$70K +9,319 +28%
KIM
28
Karpus Investment Management
New York
$286K – – –
BW
29
Basepoint Wealth
Iowa
$237K +$1.72K +229 +0.7%
Cambridge Investment Research Advisors
30
Cambridge Investment Research Advisors
Iowa
$214K -$37.5K -4,996 -14%
PMG
31
ProVise Management Group
Florida
$184K – – –
RJFSA
32
Raymond James Financial Services Advisors
Florida
$180K +$7.37K +980 +4%
WAP
33
Wealthcare Advisory Partners
Pennsylvania
$171K +$188 +25 +0.1%
Stifel Financial
34
Stifel Financial
Missouri
$169K -$7.47K -994 -4%
MWM
35
Melfa Wealth Management
Massachusetts
$163K – – –
First Trust Advisors
36
First Trust Advisors
Illinois
$162K -$39.3K -5,224 -19%
ATPW
37
Ashton Thomas Private Wealth
Arizona
$161K – – –
Mercer Global Advisors
38
Mercer Global Advisors
Colorado
$160K – – –
Mariner
39
Mariner
Kansas
$148K -$41.4K -5,513 -21%
AWA
40
Aquire Wealth Advisors
Utah
$141K – – –
CAPTRUST Financial Advisors
41
CAPTRUST Financial Advisors
North Carolina
$128K +$134K +17,869 New
Creative Planning
42
Creative Planning
Kansas
$126K +$133K +17,663 New
RJA
43
Raymond James & Associates
Florida
$123K +$10.5K +1,392 +9%
Susquehanna International Group
44
Susquehanna International Group
Pennsylvania
$123K +$17.9K +2,376 +16%
ICMP
45
Integrated Capital Management (Pennsylvania)
Pennsylvania
$123K -$2.03K -270 -2%
FPCP
46
Fort Point Capital Partners
California
$117K +$122K +16,288 New
BHWM
47
Bar Harbor Wealth Management
New Hampshire
$108K – – –
CWM
48
Connecticut Wealth Management
Connecticut
$97.4K – – –
CAN
49
Cetera Advisor Networks
California
$96K +$323 +43 +0.3%
TPWA
50
TRUE Private Wealth Advisors
Oregon
$87.4K – – –
1
2
3

SBI Hedge Fund Activity: Q3 2023 in Review

67 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Western Asset Intermediate Muni Fund (SBI) for Q3 2023, worth a combined $50.6M — up 1.3% from $50M a quarter earlier.

Buyers outnumbered sellers: 7 funds opened new SBI positions and 0 closed out — a net gain of 7 holders — while 18 added to existing stakes and 23 trimmed.

The largest buyer was Sit Investment Associates, adding an estimated $2.14M. The largest seller was Rivernorth Capital Management, cutting an estimated $461K.

  • 67 institutional investors held Western Asset Intermediate Muni Fund (SBI) as of Q3 2023, up from 60 in Q2 2023.
  • Funds reported $50.6M of Western Asset Intermediate Muni Fund stock for Q3 2023, up 1.3% quarter-over-quarter.
  • 7 funds opened new Western Asset Intermediate Muni Fund positions in Q3 2023 and 0 closed out, a net change of +7 holders.
  • The largest Western Asset Intermediate Muni Fund buyer in Q3 2023 was Sit Investment Associates, an estimated $2.14M added.
  • The largest Western Asset Intermediate Muni Fund seller in Q3 2023 was Rivernorth Capital Management, an estimated $461K sold.

Based on aggregated 13F filings for Q3 2023.