Western Asset Intermediate Muni Fund
SBI
56 hedge funds and large institutions have $39M invested in Western Asset Intermediate Muni Fund in 2019 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 19 increasing their positions, 15 reducing their positions, and 1 closing their positions.
300% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 1
27% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 15
11% more capital invested
Capital invested by funds: $35.1M → $39M (+$3.93M)
6% more funds holding
Funds holding: 53 → 56 (+3)
1.58% more ownership
Funds ownership: 28.62% → 30.2% (+1.6%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$855K |
| 2 |
BFEC
Benjamin F. Edwards & Company
St. Louis,
Missouri
|
+$770K |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$734K |
| 4 |
PAS
Park Avenue Securities
New York
|
+$339K |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
+$216K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$529K |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$303K |
| 3 |
Wells Fargo
San Francisco,
California
|
-$274K |
| 4 |
Mercer Global Advisors
Denver,
Colorado
|
-$163K |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$140K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
QCIG
51
Quad-Cities Investment Group
Davenport,
Iowa
| $11K | +$101 | +11 | +1% |
|
|
AG
52
Advisor Group
Phoenix,
Arizona
| $10K | -$49.5K | -5,416 | -83% |
|
|
GI
53
Gradient Investments
Arden Hills,
Minnesota
| $8K | +$8.22K | +900 | New |
|
|
BRWM
54
B. Riley Wealth Management
Memphis,
Tennessee
| $8K | +$8.45K | +925 | New |
|
|
GWM
55
Geneos Wealth Management
Englewood,
Colorado
| $2K | – | – | – |
|
56
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$31K | -3,470 | Closed |
|
SBI Hedge Fund Activity: Q3 2019 in Review
56 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Western Asset Intermediate Muni Fund (SBI) for Q3 2019, worth a combined $39M — up 11% from $35.1M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new SBI positions and 1 closed out — a net gain of 3 holders — while 19 added to existing stakes and 15 trimmed.
The largest buyer was Raymond James & Associates, adding an estimated $855K. The largest seller was Wolverine Asset Management, cutting an estimated $529K.
- 56 institutional investors held Western Asset Intermediate Muni Fund (SBI) as of Q3 2019, up from 53 in Q2 2019.
- Funds reported $39M of Western Asset Intermediate Muni Fund stock for Q3 2019, up 11% quarter-over-quarter.
- 4 funds opened new Western Asset Intermediate Muni Fund positions in Q3 2019 and 1 closed out, a net change of +3 holders.
- The largest Western Asset Intermediate Muni Fund buyer in Q3 2019 was Raymond James & Associates, an estimated $855K added.
- The largest Western Asset Intermediate Muni Fund seller in Q3 2019 was Wolverine Asset Management, an estimated $529K sold.
Based on aggregated 13F filings for Q3 2019.