Western Asset Intermediate Muni Fund
SBI
49 hedge funds and large institutions have $42.8M invested in Western Asset Intermediate Muni Fund in 2020 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 22 increasing their positions, 9 reducing their positions, and 9 closing their positions.
144% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 9
1.26% more ownership
Funds ownership: 35.04% → 36.3% (+1.3%)
4% less capital invested
Capital invested by funds: $44.6M → $42.8M (-$1.77M)
9% less funds holding
Funds holding: 54 → 49 (-5)
33% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$1.77M |
| 2 |
AWA
Arete Wealth Advisors
Chicago,
Illinois
|
+$533K |
| 3 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$507K |
| 4 |
MF
Manchester Financial
Westlake Village,
California
|
+$444K |
| 5 |
WT
Whittier Trust
South Pasadena,
California
|
+$363K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACA
Ackerman Capital Advisors
Dallas,
Texas
|
-$1.8M |
| 2 |
IAA
Independent Advisor Alliance
Charlotte,
North Carolina
|
-$441K |
| 3 |
PAS
Park Avenue Securities
New York
|
-$412K |
| 4 |
Mercer Global Advisors
Denver,
Colorado
|
-$230K |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$163K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
6M
51
6 Meridian
Wichita,
Kansas
| – | -$129K | -14,243 | Closed |
|
|
WAM
52
Wolverine Asset Management
Chicago,
Illinois
| – | -$105K | -11,570 | Closed |
|
53
Baird Financial Group
Milwaukee,
Wisconsin
| – | -$91K | -10,000 | Closed |
|
|
FMII
54
Farmers & Merchants Investments Inc
Lincoln,
Nebraska
| – | -$45K | -4,954 | Closed |
|
|
RIA
55
Realta Investment Advisors
Wilmington,
Delaware
| – | -$23K | -2,468 | Closed |
|
|
PMFA
56
Plante Moran Financial Advisors
Southfield,
Michigan
| – | -$18K | -2,000 | Closed |
|
|
WLPWM
57
Walled Lake Planning & Wealth Management
Winnetka,
Illinois
| – | +$530 | +58 | New |
|
SBI Hedge Fund Activity: Q1 2020 in Review
49 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Western Asset Intermediate Muni Fund (SBI) for Q1 2020, worth a combined $42.8M — down 4% from $44.6M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of SBI and 6 opened new positions — a net loss of 3 holders — while 9 trimmed existing stakes and 22 added.
The largest buyer was 1607 Capital Partners, adding an estimated $1.77M. The largest seller was Ackerman Capital Advisors, cutting an estimated $1.8M.
- 49 institutional investors held Western Asset Intermediate Muni Fund (SBI) as of Q1 2020, down from 54 in Q4 2019.
- Funds reported $42.8M of Western Asset Intermediate Muni Fund stock for Q1 2020, down 4% quarter-over-quarter.
- 6 funds opened new Western Asset Intermediate Muni Fund positions in Q1 2020 and 9 closed out, a net change of -3 holders.
- The largest Western Asset Intermediate Muni Fund buyer in Q1 2020 was 1607 Capital Partners, an estimated $1.77M added.
- The largest Western Asset Intermediate Muni Fund seller in Q1 2020 was Ackerman Capital Advisors, an estimated $1.8M sold.
Based on aggregated 13F filings for Q1 2020.