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SBI

Western Asset Intermediate Muni Fund
SBI

26 hedge funds and large institutions have $14.3M invested in Western Asset Intermediate Muni Fund in 2014 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 11 increasing their positions, 6 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

83% more repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 6

15% more capital invested

Capital invested by funds: $12.5M → $14.3M (+$1.86M)

0.91% more ownership

Funds ownership: 9.79% → 10.69% (+0.91%)

0% more funds holding

Funds holding: 26 → 26 (0)

0% more first-time investments, than exits

New positions opened: 3 | Existing positions closed: 3

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
3
Increased
11
Reduced
6
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
AAM
Advisors Asset Management
Colorado
+$433K
2
NL
NWAM LLC
Washington
+$266K
3
WT
Whittier Trust
California
+$186K
4
U
UBS
Switzerland
+$177K
5
Wells Fargo
Wells Fargo
California
+$111K

Top Sellers

1
FIMG
Financial & Investment Management Group
Michigan
-$109K
2
Morgan Stanley
Morgan Stanley
New York
-$72.7K
3
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$58K
4
Bank of America
Bank of America
North Carolina
-$57.3K
5
KFS
KMS Financial Services
Washington
-$56.6K
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$2.69M -$72.7K -7,703 -3%
AAM
2
Advisors Asset Management
Colorado
$2.29M +$433K +45,871 +24%
Commonwealth Equity Services
3
Commonwealth Equity Services
Massachusetts
$1.32M +$26K +2,750 +2%
TIM
4
Tortoise Investment Management
New York
$1.28M -$28.3K -3,000 -2%
Wells Fargo
5
Wells Fargo
California
$974K +$111K +11,794 +13%
WT
6
Whittier Trust
California
$971K +$186K +19,703 +24%
WTC
7
WhitTier Trust Company
Nevada
$926K +$14.3K +1,512 +2%
First Trust Advisors
8
First Trust Advisors
Illinois
$826K +$4.28K +453 +0.5%
RJA
9
Raymond James & Associates
Florida
$601K -$27.8K -2,942 -4%
U
10
UBS
Switzerland
$388K +$177K +18,783 +85%
CIBC Private Wealth Group
11
CIBC Private Wealth Group
Georgia
$278K +$277K +29,300 New
LPL Financial
12
LPL Financial
California
$275K +$100K +10,608 +58%
NL
13
NWAM LLC
Washington
$269K +$266K +28,219 New
B
14
Baird
Wisconsin
$192K – – –
PMG
15
ProVise Management Group
Florida
$160K +$2.83K +300 +2%
SC
16
Stratford Consulting
Texas
$156K +$1.95K +206 +1%
FM
17
Foster & Motley
Ohio
$124K -$6.37K -675 -5%
CHC
18
City Holding Co
West Virginia
$103K – – –
KFS
19
KMS Financial Services
Washington
$100K -$56.6K -6,000 -36%
SIA
20
Sit Investment Associates
Minnesota
$95K – – –
BFEC
21
Benjamin F. Edwards & Company
Missouri
$92K +$1.15K +122 +1%
Bank of America
22
Bank of America
North Carolina
$78K -$57.3K -6,066 -42%
US Bancorp
23
US Bancorp
Minnesota
$56K – – –
BWFA
24
Baltimore-Washington Financial Advisors
Maryland
$39K – – –
CFSG
25
Community Financial Services Group
Vermont
$38K +$37.3K +3,950 New
1
2

SBI Hedge Fund Activity: Q1 2014 in Review

26 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Western Asset Intermediate Muni Fund (SBI) for Q1 2014, worth a combined $14.3M — up 15% from $12.5M a quarter earlier.

Fund positioning in SBI was balanced in Q1 2014: 3 funds opened new positions, 3 closed out, 11 added to existing stakes and 6 trimmed.

The largest buyer was Advisors Asset Management, adding an estimated $433K. The largest seller was Financial & Investment Management Group, exiting entirely with an estimated $109K sold.

  • 26 institutional investors held Western Asset Intermediate Muni Fund (SBI) as of Q1 2014, unchanged from Q4 2013.
  • Funds reported $14.3M of Western Asset Intermediate Muni Fund stock for Q1 2014, up 15% quarter-over-quarter.
  • 3 funds opened new Western Asset Intermediate Muni Fund positions in Q1 2014 and 3 closed out, a net change of 0 holders.
  • The largest Western Asset Intermediate Muni Fund buyer in Q1 2014 was Advisors Asset Management, an estimated $433K added.
  • The largest Western Asset Intermediate Muni Fund seller in Q1 2014 was Financial & Investment Management Group, an estimated $109K sold.

Based on aggregated 13F filings for Q1 2014.