Western Asset Intermediate Muni Fund
SBI
56 hedge funds and large institutions have $55.4M invested in Western Asset Intermediate Muni Fund in 2021 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 22 increasing their positions, 14 reducing their positions, and 7 closing their positions.
57% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 14
8% more capital invested
Capital invested by funds: $51.5M → $55.4M (+$3.92M)
0.1% more ownership
Funds ownership: 40.25% → 40.35% (+0.1%)
7% less funds holding
Funds holding: 60 → 56 (-4)
57% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.1M |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$1M |
| 3 |
LPL Financial
San Diego,
California
|
+$239K |
| 4 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$118K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$111K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$474K |
| 2 |
SPIA
Steward Partners Investment Advisory
New York
|
-$309K |
| 3 |
Morgan Stanley
New York
|
-$234K |
| 4 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$142K |
| 5 |
CSPIA
Cary Street Partners Investment Advisory
Richmond,
Virginia
|
-$129K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Citigroup
New York
| $12K | +$564 | +59 | +5% |
|
52
US Bancorp
Minneapolis,
Minnesota
| $5K | – | – | – |
|
|
SWA
53
SOA Wealth Advisors
New York
| $4K | – | – | – |
|
|
SWM
54
Spire Wealth Management
Mclean,
Virginia
| $3K | – | – | – |
|
|
GWM
55
Geneos Wealth Management
Englewood,
Colorado
| $2K | – | – | – |
|
|
CSPIA
56
Cary Street Partners Investment Advisory
Richmond,
Virginia
| – | -$129K | -128,746 | Closed |
|
|
SPIA
57
Steward Partners Investment Advisory
New York
| – | -$309K | -33,272 | Closed |
|
|
AA
58
AQR Arbitrage
Greenwich,
Connecticut
| – | -$142K | -15,288 | Closed |
|
59
Fisher Asset Management
Camas,
Washington
| – | -$100K | -10,730 | Closed |
|
|
SIM
60
Sonora Investment Management
Tucson,
Arizona
| – | -$40K | -4,280 | Closed |
|
|
IAIM
61
International Assets Investment Management
Orlando,
Florida
| – | -$9K | -992 | Closed |
|
|
HFS
62
Hantz Financial Services
Southfield,
Michigan
| – | -$2K | -253 | Closed |
|
SBI Hedge Fund Activity: Q2 2021 in Review
56 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in Western Asset Intermediate Muni Fund (SBI) for Q2 2021, worth a combined $55.4M — up 7.6% from $51.5M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of SBI and 3 opened new positions — a net loss of 4 holders — while 14 trimmed existing stakes and 22 added.
The largest buyer was Rivernorth Capital Management, adding an estimated $1.1M. The largest seller was Advisors Asset Management, cutting an estimated $474K.
- 56 institutional investors held Western Asset Intermediate Muni Fund (SBI) as of Q2 2021, down from 60 in Q1 2021.
- Funds reported $55.4M of Western Asset Intermediate Muni Fund stock for Q2 2021, up 7.6% quarter-over-quarter.
- 3 funds opened new Western Asset Intermediate Muni Fund positions in Q2 2021 and 7 closed out, a net change of -4 holders.
- The largest Western Asset Intermediate Muni Fund buyer in Q2 2021 was Rivernorth Capital Management, an estimated $1.1M added.
- The largest Western Asset Intermediate Muni Fund seller in Q2 2021 was Advisors Asset Management, an estimated $474K sold.
Based on aggregated 13F filings for Q2 2021.