Western Asset Intermediate Muni Fund
SBI
56 hedge funds and large institutions have $46.2M invested in Western Asset Intermediate Muni Fund in 2020 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 17 increasing their positions, 20 reducing their positions, and 9 closing their positions.
3% less capital invested
Capital invested by funds: $47.7M → $46.2M (-$1.51M)
3.31% less ownership
Funds ownership: 39.62% → 36.31% (-3.3%)
3% less funds holding
Funds holding: 58 → 56 (-2)
15% less repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 20
22% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$6.9M |
| 2 |
ACA
Ackerman Capital Advisors
Dallas,
Texas
|
+$325K |
| 3 |
LPL Financial
San Diego,
California
|
+$160K |
| 4 |
MC
Matisse Capital
Portland,
Oregon
|
+$132K |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$112K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$2.99M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$2.42M |
| 3 |
Morgan Stanley
New York
|
-$2.41M |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$990K |
| 5 |
BlackRock
New York
|
-$664K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GWM
51
Geneos Wealth Management
Englewood,
Colorado
| $2K | – | – | – |
|
52
Northern Trust
Chicago,
Illinois
| $1K | – | – | – |
|
|
WLPWM
53
Walled Lake Planning & Wealth Management
Winnetka,
Illinois
| $1K | +$9 | +1 | +2% |
|
|
RCM
54
Robinson Capital Management
Grosse Pointe Farms,
Michigan
| – | -$2.99M | -348,305 | Closed |
|
|
55
BlackRock
New York
| – | -$664K | -77,574 | Closed |
|
|
WAM
56
Wolverine Asset Management
Chicago,
Illinois
| – | -$204K | -23,937 | Closed |
|
57
Cambridge Investment Research Advisors
Fairfield,
Iowa
| – | -$127K | -14,790 | Closed |
|
58
Goldman Sachs
New York
| – | -$126K | -14,742 | Closed |
|
|
AO
59
Advisor OS
Chicago,
Illinois
| – | -$118K | -13,751 | Closed |
|
|
CAN
60
Cetera Advisor Networks
El Segundo,
California
| – | -$62K | -7,240 | Closed |
|
|
PAG
61
Private Advisor Group
Morristown,
New Jersey
| – | -$57K | -6,690 | Closed |
|
|
PFO
62
Pathstone Family Office
Englewood,
New Jersey
| – | -$179 | -20 | -50% |
|
|
PCG
63
Private Capital Group
West Hartford,
Connecticut
| – | +$72 | +8 | New |
|
SBI Hedge Fund Activity: Q3 2020 in Review
56 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Western Asset Intermediate Muni Fund (SBI) for Q3 2020, worth a combined $46.2M — down 3.2% from $47.7M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of SBI and 7 opened new positions — a net loss of 2 holders — while 20 trimmed existing stakes and 17 added.
The largest buyer was Karpus Investment Management, opening a new position worth an estimated $6.9M. The largest seller was Robinson Capital Management, exiting entirely with an estimated $2.99M sold.
- 56 institutional investors held Western Asset Intermediate Muni Fund (SBI) as of Q3 2020, down from 58 in Q2 2020.
- Funds reported $46.2M of Western Asset Intermediate Muni Fund stock for Q3 2020, down 3.2% quarter-over-quarter.
- 7 funds opened new Western Asset Intermediate Muni Fund positions in Q3 2020 and 9 closed out, a net change of -2 holders.
- The largest Western Asset Intermediate Muni Fund buyer in Q3 2020 was Karpus Investment Management, an estimated $6.9M added.
- The largest Western Asset Intermediate Muni Fund seller in Q3 2020 was Robinson Capital Management, an estimated $2.99M sold.
Based on aggregated 13F filings for Q3 2020.