Western Asset Intermediate Muni Fund
SBI
60 hedge funds and large institutions have $56.5M invested in Western Asset Intermediate Muni Fund in 2023 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 21 increasing their positions, 18 reducing their positions, and 11 closing their positions.
17% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 18
12% more capital invested
Capital invested by funds: $50.6M → $56.5M (+$5.83M)
1.86% more ownership
Funds ownership: 50.32% → 52.18% (+1.9%)
10% less funds holding
Funds holding: 67 → 60 (-7)
55% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$3.3M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$478K |
| 3 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$314K |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$250K |
| 5 |
SCM
Saba Capital Management
New York
|
+$188K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
-$732K |
| 2 |
SIA
SkyView Investment Advisors
Shrewsbury,
New Jersey
|
-$684K |
| 3 |
PAS
Park Avenue Securities
New York
|
-$665K |
| 4 |
TIM
Tortoise Investment Management
White Plains,
New York
|
-$364K |
| 5 |
WTC
WhitTier Trust Company
Reno,
Nevada
|
-$308K |
SBI Hedge Fund Activity: Q4 2023 in Review
60 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Western Asset Intermediate Muni Fund (SBI) for Q4 2023, worth a combined $56.5M — up 12% from $50.6M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of SBI and 5 opened new positions — a net loss of 6 holders — while 18 trimmed existing stakes and 21 added.
The largest buyer was Sit Investment Associates, adding an estimated $3.3M. The largest seller was Envestnet Asset Management, cutting an estimated $732K.
- 60 institutional investors held Western Asset Intermediate Muni Fund (SBI) as of Q4 2023, down from 67 in Q3 2023.
- Funds reported $56.5M of Western Asset Intermediate Muni Fund stock for Q4 2023, up 12% quarter-over-quarter.
- 5 funds opened new Western Asset Intermediate Muni Fund positions in Q4 2023 and 11 closed out, a net change of -6 holders.
- The largest Western Asset Intermediate Muni Fund buyer in Q4 2023 was Sit Investment Associates, an estimated $3.3M added.
- The largest Western Asset Intermediate Muni Fund seller in Q4 2023 was Envestnet Asset Management, an estimated $732K sold.
Based on aggregated 13F filings for Q4 2023.