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SBI

Western Asset Intermediate Muni Fund

43 hedge funds and large institutions have $21.3M invested in Western Asset Intermediate Muni Fund in 2016 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 12 increasing their positions, 11 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

133% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 3

16% more capital invested

Capital invested by funds: $18.3M → $21.3M (+$3.01M)

10% more funds holding

Funds holding: 3943 (+4)

1.77% more ownership

Funds ownership: 12.56%14.33% (+1.8%)

9% more repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 11

Holders
43
Holders Change
+4
Holders Change %
+10.26%
% of All Funds
1.15%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
7
Increased
12
Reduced
11
Closed
3
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$5.05M -$65.6K -6,223 -1%
WT
2
Whittier Trust
California
$1.54M
RCM
3
Robinson Capital Management
Michigan
$1.32M +$1.32M +125,257 New
Commonwealth Equity Services
4
Commonwealth Equity Services
Massachusetts
$1.29M +$8.43K +800 +0.7%
RJA
5
Raymond James & Associates
Florida
$1.05M -$17.4K -1,655 -2%
SFWA
6
Summit Financial Wealth Advisors
Louisiana
$1.03M +$1.03M +97,656 New
WTC
7
WhitTier Trust Company
Nevada
$973K -$191K -18,135 -16%
Wells Fargo
8
Wells Fargo
California
$923K -$285K -27,057 -24%
HK
9
Horizon Kinetics
New York
$830K +$1.46K +139 +0.2%
LTFS
10
Ladenburg Thalmann Financial Services
Florida
$712K -$86.4K -8,200 -11%
RJFSA
11
Raymond James Financial Services Advisors
Florida
$624K -$109K -10,332 -15%
UBS Group
12
UBS Group
Switzerland
$570K +$80.5K +7,643 +17%
KCM
13
Kempner Capital Management
Texas
$506K
Bank of America
14
Bank of America
North Carolina
$451K +$92.7K +8,799 +26%
Janney Montgomery Scott
15
Janney Montgomery Scott
Pennsylvania
$382K +$190K +18,071 +100%
TIM
16
Tortoise Investment Management
New York
$380K -$116K -11,000 -23%
DA
17
Doliver Advisors
Texas
$325K +$323K +30,658 New
CRC
18
Curi RMB Capital
Illinois
$320K +$207K +19,656 +185%
CIBC Private Wealth Group
19
CIBC Private Wealth Group
Georgia
$310K
Royal Bank of Canada
20
Royal Bank of Canada
Ontario, Canada
$275K +$264K +25,105 +2,789%
MFS
21
MSI Financial Services
Massachusetts
$241K -$3.58K -340 -1%
LPL Financial
22
LPL Financial
California
$226K -$193K -18,358 -46%
First Trust Advisors
23
First Trust Advisors
Illinois
$215K +$17.4K +1,651 +9%
Baird Financial Group
24
Baird Financial Group
Wisconsin
$214K
CWM
25
Concert Wealth Management
California
$205K +$16.1K +1,524 +9%

SBI Hedge Fund Activity: Q2 2016 in Review

43 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Western Asset Intermediate Muni Fund (SBI) for Q2 2016, worth a combined $21.3M — up 16% from $18.3M a quarter earlier.

Buyers outnumbered sellers: 7 funds opened new SBI positions and 3 closed out — a net gain of 4 holders — while 12 added to existing stakes and 11 trimmed.

The largest buyer was Robinson Capital Management, opening a new position worth an estimated $1.32M. The largest seller was Wells Fargo, cutting an estimated $285K.

  • 43 institutional investors held Western Asset Intermediate Muni Fund (SBI) as of Q2 2016, up from 39 in Q1 2016.
  • Funds reported $21.3M of Western Asset Intermediate Muni Fund stock for Q2 2016, up 16% quarter-over-quarter.
  • 7 funds opened new Western Asset Intermediate Muni Fund positions in Q2 2016 and 3 closed out, a net change of +4 holders.
  • The largest Western Asset Intermediate Muni Fund buyer in Q2 2016 was Robinson Capital Management, an estimated $1.32M added.
  • The largest Western Asset Intermediate Muni Fund seller in Q2 2016 was Wells Fargo, an estimated $285K sold.

Based on aggregated 13F filings for Q2 2016.