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SBI

Western Asset Intermediate Muni Fund
SBI

58 hedge funds and large institutions have $56M invested in Western Asset Intermediate Muni Fund in 2024 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 12 increasing their positions, 26 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

1% less capital invested

Capital invested by funds: $56.5M → $56M (-$426K)

1.91% less ownership

Funds ownership: 52.18% → 50.28% (-1.9%)

3% less funds holding

Funds holding: 60 → 58 (-2)

11% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 9

54% less repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 26

Holders
58
Holders Change
-2
Holders Change %
-3.33%
% of All Funds
0.84%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
12
Reduced
26
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$3.83M
2
SIA
Sit Investment Associates
Minnesota
+$1.35M
3
SIA
SkyView Investment Advisors
New Jersey
+$670K
4
WA
Waverly Advisors
Alabama
+$665K
5
AGM
Alpine Global Management
New York
+$621K

Top Sellers

Rank Fund Capital Flow
1
1CP
1607 Capital Partners
Virginia
-$3.77M
2
Morgan Stanley
Morgan Stanley
New York
-$1.8M
3
AC
Almitas Capital
California
-$568K
4
SCM
Saba Capital Management
New York
-$548K
5
RCM
Robinson Capital Management
Michigan
-$469K
Name Holding Trade Value Shares
Change 		Change in
Stake
AWM
51
Avior Wealth Management
Nebraska
$14.5K +$14.3K +1,829 New
SWA
52
SOA Wealth Advisors
New York
$3.83K – – –
NA
53
NewEdge Advisors
Louisiana
$3.36K – – –
SPIA
54
Steward Partners Investment Advisory
New York
$2.78K -$5.15K -656 -65%
SWM
55
Spire Wealth Management
Virginia
$2.61K – – –
Bessemer Group
56
Bessemer Group
New Jersey
$2K -$416 -53 -21%
Comerica Bank
57
Comerica Bank
Texas
$1.07K – – –
AC
58
Almitas Capital
California
– -$568K -73,762 Closed
SWMG
59
Sard Wealth Management Group
Georgia
– -$267K -34,740 Closed
Citadel Advisors
60
Citadel Advisors
Florida
– -$261K -33,852 Closed
First Trust Advisors
61
First Trust Advisors
Illinois
– -$114K -14,840 Closed
TPWA
62
TRUE Private Wealth Advisors
Oregon
– -$94K -12,210 Closed
NCM
63
Narwhal Capital Management
Georgia
– -$82.1K -10,661 Closed
WAM
64
Wolverine Asset Management
Illinois
– -$38.5K -5,000 Closed
US Bancorp
65
US Bancorp
Minnesota
– -$7.7K -1,000 Closed
JP Morgan Chase
66
JP Morgan Chase
New York
– -$4.42K -574 Closed
FIA
67
FNY Investment Advisers
New York
– +$392 +50 New
1 2
3

SBI Hedge Fund Activity: Q1 2024 in Review

58 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Western Asset Intermediate Muni Fund (SBI) for Q1 2024, worth a combined $56M — down 0.75% from $56.5M a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of SBI and 8 opened new positions — a net loss of 1 holder — while 26 trimmed existing stakes and 12 added.

The largest buyer was Rivernorth Capital Management, adding an estimated $3.83M. The largest seller was 1607 Capital Partners, cutting an estimated $3.77M.

  • 58 institutional investors held Western Asset Intermediate Muni Fund (SBI) as of Q1 2024, down from 60 in Q4 2023.
  • Funds reported $56M of Western Asset Intermediate Muni Fund stock for Q1 2024, down 0.75% quarter-over-quarter.
  • 8 funds opened new Western Asset Intermediate Muni Fund positions in Q1 2024 and 9 closed out, a net change of -1 holder.
  • The largest Western Asset Intermediate Muni Fund buyer in Q1 2024 was Rivernorth Capital Management, an estimated $3.83M added.
  • The largest Western Asset Intermediate Muni Fund seller in Q1 2024 was 1607 Capital Partners, an estimated $3.77M sold.

Based on aggregated 13F filings for Q1 2024.