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SBI

Western Asset Intermediate Muni Fund

36 hedge funds and large institutions have $17.5M invested in Western Asset Intermediate Muni Fund in 2015 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 8 increasing their positions, 7 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

14% more repeat investments, than reductions

Existing positions increased: 8 | Existing positions reduced: 7

0.62% less ownership

Funds ownership: 12.8%12.18% (-0.62%)

2% less capital invested

Capital invested by funds: $17.8M → $17.5M (-$305K)

3% less funds holding

Funds holding: 3736 (-1)

17% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 6

Holders
36
Holders Change
-1
Holders Change %
-2.7%
% of All Funds
0.94%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
5
Increased
8
Reduced
7
Closed
6
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$4.67M +$144K +14,401 +3%
WT
2
Whittier Trust
California
$1.5M
WTC
3
WhitTier Trust Company
Nevada
$1.39M -$97.5K -9,750 -7%
Commonwealth Equity Services
4
Commonwealth Equity Services
Massachusetts
$1.21M -$108K -10,750 -8%
Wells Fargo
5
Wells Fargo
California
$1.08M +$30.7K +3,072 +3%
RJA
6
Raymond James & Associates
Florida
$937K -$4.4K -440 -0.5%
LTFS
7
Ladenburg Thalmann Financial Services
Florida
$771K -$33.6K -3,360 -4%
TIM
8
Tortoise Investment Management
New York
$718K -$200K -20,000 -22%
RJFSA
9
Raymond James Financial Services Advisors
Florida
$574K +$73.6K +7,356 +15%
KCM
10
Kempner Capital Management
Texas
$488K
UBS Group
11
UBS Group
Switzerland
$440K +$64.1K +6,406 +17%
HK
12
Horizon Kinetics
New York
$409K +$401K +40,032 New
Bank of America
13
Bank of America
North Carolina
$348K -$40K -3,997 -11%
LPL Financial
14
LPL Financial
California
$316K +$168K +16,823 +123%
PGFC
15
Peapack-Gladstone Financial Corp
New Jersey
$307K +$300K +30,029 New
CIBC Private Wealth Group
16
CIBC Private Wealth Group
Georgia
$299K
First Trust Advisors
17
First Trust Advisors
Illinois
$281K -$514K -51,343 -65%
MFS
18
MSI Financial Services
Massachusetts
$215K +$211K +21,088 New
BFEC
19
Benjamin F. Edwards & Company
Missouri
$208K +$2.42K +242 +1%
Baird Financial Group
20
Baird Financial Group
Wisconsin
$206K
SC
21
Stratford Consulting
Texas
$183K +$2.1K +210 +1%
CWM
22
Concert Wealth Management
California
$182K
Janney Montgomery Scott
23
Janney Montgomery Scott
Pennsylvania
$159K
PMG
24
ProVise Management Group
Florida
$154K
T
25
Thomaspartners
Massachusetts
$153K

SBI Hedge Fund Activity: Q4 2015 in Review

36 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in Western Asset Intermediate Muni Fund (SBI) for Q4 2015, worth a combined $17.5M — down 1.7% from $17.8M a quarter earlier.

Sellers outnumbered buyers: 6 funds closed out of SBI and 5 opened new positions — a net loss of 1 holder — while 7 trimmed existing stakes and 8 added.

The largest buyer was Horizon Kinetics, opening a new position worth an estimated $401K. The largest seller was Summit Financial Wealth Advisors, exiting entirely with an estimated $877K sold.

  • 36 institutional investors held Western Asset Intermediate Muni Fund (SBI) as of Q4 2015, down from 37 in Q3 2015.
  • Funds reported $17.5M of Western Asset Intermediate Muni Fund stock for Q4 2015, down 1.7% quarter-over-quarter.
  • 5 funds opened new Western Asset Intermediate Muni Fund positions in Q4 2015 and 6 closed out, a net change of -1 holder.
  • The largest Western Asset Intermediate Muni Fund buyer in Q4 2015 was Horizon Kinetics, an estimated $401K added.
  • The largest Western Asset Intermediate Muni Fund seller in Q4 2015 was Summit Financial Wealth Advisors, an estimated $877K sold.

Based on aggregated 13F filings for Q4 2015.