Western Asset Intermediate Muni Fund
SBI
51 hedge funds and large institutions have $31.7M invested in Western Asset Intermediate Muni Fund in 2018 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 16 increasing their positions, 19 reducing their positions, and 8 closing their positions.
32% more capital invested
Capital invested by funds: $23.9M → $31.7M (+$7.71M)
6.81% more ownership
Funds ownership: 20.12% → 26.93% (+6.8%)
6% less funds holding
Funds holding: 54 → 51 (-3)
16% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 19
38% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$3.35M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$3.31M |
| 3 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
+$2.95M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$895K |
| 5 |
Morgan Stanley
New York
|
+$477K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AA
Ancora Advisors
Cleveland,
Ohio
|
-$746K |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$668K |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$543K |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$248K |
| 5 |
WTC
WhitTier Trust Company
Reno,
Nevada
|
-$198K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CF
51
Centaurus Financial
Anaheim,
California
| $28 | +$1.74K | +209 | +746% |
|
|
AA
52
Ancora Advisors
Cleveland,
Ohio
| – | -$746K | -88,113 | Closed |
|
|
AWS
53
AJ Wealth Strategies
New York
| – | -$143K | -16,945 | Closed |
|
|
CPIG
54
Chicago Partners Investment Group
Chicago,
Illinois
| – | -$124K | -15,000 | Closed |
|
|
WSTAM
55
Wilbanks Smith & Thomas Asset Management
Norfolk,
Virginia
| – | -$127K | -15,000 | Closed |
|
56
MML Investors Services
Springfield,
Massachusetts
| – | -$120K | -14,144 | Closed |
|
|
CHC
57
City Holding Co
Charleston,
West Virginia
| – | -$29K | -3,400 | Closed |
|
|
SPIA
58
Steward Partners Investment Advisory
New York
| – | -$25K | -3,000 | Closed |
|
59
JP Morgan Chase
New York
| – | -$2K | -200 | Closed |
|
SBI Hedge Fund Activity: Q4 2018 in Review
51 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Western Asset Intermediate Muni Fund (SBI) for Q4 2018, worth a combined $31.7M — up 32% from $23.9M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of SBI and 5 opened new positions — a net loss of 3 holders — while 19 trimmed existing stakes and 16 added.
The largest buyer was 1607 Capital Partners, adding an estimated $3.35M. The largest seller was Ancora Advisors, exiting entirely with an estimated $746K sold.
- 51 institutional investors held Western Asset Intermediate Muni Fund (SBI) as of Q4 2018, down from 54 in Q3 2018.
- Funds reported $31.7M of Western Asset Intermediate Muni Fund stock for Q4 2018, up 32% quarter-over-quarter.
- 5 funds opened new Western Asset Intermediate Muni Fund positions in Q4 2018 and 8 closed out, a net change of -3 holders.
- The largest Western Asset Intermediate Muni Fund buyer in Q4 2018 was 1607 Capital Partners, an estimated $3.35M added.
- The largest Western Asset Intermediate Muni Fund seller in Q4 2018 was Ancora Advisors, an estimated $746K sold.
Based on aggregated 13F filings for Q4 2018.