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SBI

Western Asset Intermediate Muni Fund
SBI

26 hedge funds and large institutions have $12.5M invested in Western Asset Intermediate Muni Fund in 2013 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 9 increasing their positions, 6 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 6

16% more capital invested

Capital invested by funds: $10.7M → $12.5M (+$1.73M)

1.43% more ownership

Funds ownership: 8.36% → 9.79% (+1.4%)

0% more funds holding

Funds holding: 26 → 26 (0)

0% more first-time investments, than exits

New positions opened: 5 | Existing positions closed: 5

Holders
26
Holders Change
–
Holders Change %
0%
% of All Funds
0.75%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
9
Reduced
6
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
AAM
Advisors Asset Management
Colorado
+$1.17M
2
WTC
WhitTier Trust Company
Nevada
+$828K
3
WT
Whittier Trust
California
+$261K
4
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
+$244K
5
KFS
KMS Financial Services
Washington
+$149K

Top Sellers

1
WAM
Wolverine Asset Management
Illinois
-$333K
2
DA
Doliver Advisors
Texas
-$227K
3
Wells Fargo
Wells Fargo
California
-$163K
4
First Trust Advisors
First Trust Advisors
Illinois
-$140K
5
U
UBS
Switzerland
-$104K
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$2.63M +$58.5K +6,493 +2%
AAM
2
Advisors Asset Management
Colorado
$1.76M +$1.17M +130,019 +201%
TIM
3
Tortoise Investment Management
New York
$1.24M -$18K -2,000 -1%
Commonwealth Equity Services
4
Commonwealth Equity Services
Massachusetts
$1.23M +$244K +27,100 +25%
WTC
5
WhitTier Trust Company
Nevada
$866K +$828K +91,939 +2,419%
Wells Fargo
6
Wells Fargo
California
$819K -$163K -18,051 -17%
First Trust Advisors
7
First Trust Advisors
Illinois
$781K -$140K -15,550 -15%
WT
8
Whittier Trust
California
$745K +$261K +29,025 +54%
RJA
9
Raymond James & Associates
Florida
$598K +$6.59K +732 +1%
U
10
UBS
Switzerland
$199K -$104K -11,500 -34%
B
11
Baird
Wisconsin
$183K – – –
LPL Financial
12
LPL Financial
California
$165K +$72 +8 +0%
PMG
13
ProVise Management Group
Florida
$149K -$62.1K -6,900 -29%
KFS
14
KMS Financial Services
Washington
$149K +$149K +16,500 New
SC
15
Stratford Consulting
Texas
$147K +$1.91K +212 +1%
Bank of America
16
Bank of America
North Carolina
$129K – – –
FM
17
Foster & Motley
Ohio
$124K -$65.7K -7,300 -35%
FIMG
18
Financial & Investment Management Group
Michigan
$109K +$108K +12,000 New
CHC
19
City Holding Co
West Virginia
$98K +$97.1K +10,780 New
SIA
20
Sit Investment Associates
Minnesota
$90K – – –
BFEC
21
Benjamin F. Edwards & Company
Missouri
$86K +$41K +4,555 +92%
Royal Bank of Canada
22
Royal Bank of Canada
Ontario, Canada
$58K – – –
US Bancorp
23
US Bancorp
Minnesota
$54K – – –
BWFA
24
Baltimore-Washington Financial Advisors
Maryland
$38K – – –
KT
25
Kanaly Trust
Texas
$10K +$10.3K +1,147 New
1
2

SBI Hedge Fund Activity: Q4 2013 in Review

26 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Western Asset Intermediate Muni Fund (SBI) for Q4 2013, worth a combined $12.5M — up 16% from $10.7M a quarter earlier.

Fund positioning in SBI was balanced in Q4 2013: 5 funds opened new positions, 5 closed out, 9 added to existing stakes and 6 trimmed.

The largest buyer was Advisors Asset Management, adding an estimated $1.17M. The largest seller was Wolverine Asset Management, exiting entirely with an estimated $333K sold.

  • 26 institutional investors held Western Asset Intermediate Muni Fund (SBI) as of Q4 2013, unchanged from Q3 2013.
  • Funds reported $12.5M of Western Asset Intermediate Muni Fund stock for Q4 2013, up 16% quarter-over-quarter.
  • 5 funds opened new Western Asset Intermediate Muni Fund positions in Q4 2013 and 5 closed out, a net change of 0 holders.
  • The largest Western Asset Intermediate Muni Fund buyer in Q4 2013 was Advisors Asset Management, an estimated $1.17M added.
  • The largest Western Asset Intermediate Muni Fund seller in Q4 2013 was Wolverine Asset Management, an estimated $333K sold.

Based on aggregated 13F filings for Q4 2013.