Western Asset Intermediate Muni Fund
SBI
54 hedge funds and large institutions have $44.6M invested in Western Asset Intermediate Muni Fund in 2019 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 18 increasing their positions, 17 reducing their positions, and 6 closing their positions.
14% more capital invested
Capital invested by funds: $39M → $44.6M (+$5.54M)
4.84% more ownership
Funds ownership: 30.2% → 35.04% (+4.8%)
6% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 17
4% less funds holding
Funds holding: 56 → 54 (-2)
33% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$3.85M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
+$1.78M |
| 3 |
ACA
Ackerman Capital Advisors
Dallas,
Texas
|
+$1.08M |
| 4 |
Morgan Stanley
New York
|
+$463K |
| 5 |
IAA
Independent Advisor Alliance
Charlotte,
North Carolina
|
+$446K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$862K |
| 2 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$664K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$342K |
| 4 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$329K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$238K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
US Bancorp
Minneapolis,
Minnesota
| $5K | -$49.6K | -5,399 | -91% |
|
52
Northern Trust
Chicago,
Illinois
| $3K | +$275K | +30,000 | New |
|
|
GWM
53
Geneos Wealth Management
Englewood,
Colorado
| $2K | – | – | – |
|
|
RCM
54
Robinson Capital Management
Grosse Pointe Farms,
Michigan
| – | -$862K | -93,118 | Closed |
|
|
MIG
55
Mariner Investment Group
Harrison,
New York
| – | -$329K | -35,792 | Closed |
|
56
Cambridge Investment Research Advisors
Fairfield,
Iowa
| – | -$103K | -11,203 | Closed |
|
|
QCIG
57
Quad-Cities Investment Group
Davenport,
Iowa
| – | -$11K | -1,157 | Closed |
|
|
BRWM
58
B. Riley Wealth Management
Memphis,
Tennessee
| – | -$8K | -925 | Closed |
|
|
GI
59
Gradient Investments
Arden Hills,
Minnesota
| – | -$8K | -900 | Closed |
|
SBI Hedge Fund Activity: Q4 2019 in Review
54 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Western Asset Intermediate Muni Fund (SBI) for Q4 2019, worth a combined $44.6M — up 14% from $39M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of SBI and 4 opened new positions — a net loss of 2 holders — while 17 trimmed existing stakes and 18 added.
The largest buyer was 1607 Capital Partners, adding an estimated $3.85M. The largest seller was Robinson Capital Management, exiting entirely with an estimated $862K sold.
- 54 institutional investors held Western Asset Intermediate Muni Fund (SBI) as of Q4 2019, down from 56 in Q3 2019.
- Funds reported $44.6M of Western Asset Intermediate Muni Fund stock for Q4 2019, up 14% quarter-over-quarter.
- 4 funds opened new Western Asset Intermediate Muni Fund positions in Q4 2019 and 6 closed out, a net change of -2 holders.
- The largest Western Asset Intermediate Muni Fund buyer in Q4 2019 was 1607 Capital Partners, an estimated $3.85M added.
- The largest Western Asset Intermediate Muni Fund seller in Q4 2019 was Robinson Capital Management, an estimated $862K sold.
Based on aggregated 13F filings for Q4 2019.