Western Asset Intermediate Muni Fund
SBI
47 hedge funds and large institutions have $18.6M invested in Western Asset Intermediate Muni Fund in 2016 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 14 increasing their positions, 11 reducing their positions, and 3 closing their positions.
200% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 3
27% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 11
15% more funds holding
Funds holding: 41 → 47 (+6)
0.1% less ownership
Funds ownership: 14% → 13.9% (-0.1%)
10% less capital invested
Capital invested by funds: $20.8M → $18.6M (-$2.18M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$363K |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$356K |
| 3 |
VKH
Virtu KCG Holdings
New York
|
+$330K |
| 4 |
DA
Doliver Advisors
Houston,
Texas
|
+$286K |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
+$212K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$790K |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$600K |
| 3 |
HK
Horizon Kinetics
New York
|
-$473K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$221K |
| 5 |
CWM
Concert Wealth Management
San Jose,
California
|
-$205K |
SBI Hedge Fund Activity: Q4 2016 in Review
47 of the 4,008 institutional investors tracked by Wall St. Rank reported a position in Western Asset Intermediate Muni Fund (SBI) for Q4 2016, worth a combined $18.6M — down 10% from $20.8M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new SBI positions and 3 closed out — a net gain of 6 holders — while 14 added to existing stakes and 11 trimmed.
The largest buyer was Curi RMB Capital, opening a new position worth an estimated $363K. The largest seller was Morgan Stanley, cutting an estimated $790K.
- 47 institutional investors held Western Asset Intermediate Muni Fund (SBI) as of Q4 2016, up from 41 in Q3 2016.
- Funds reported $18.6M of Western Asset Intermediate Muni Fund stock for Q4 2016, down 10% quarter-over-quarter.
- 9 funds opened new Western Asset Intermediate Muni Fund positions in Q4 2016 and 3 closed out, a net change of +6 holders.
- The largest Western Asset Intermediate Muni Fund buyer in Q4 2016 was Curi RMB Capital, an estimated $363K added.
- The largest Western Asset Intermediate Muni Fund seller in Q4 2016 was Morgan Stanley, an estimated $790K sold.
Based on aggregated 13F filings for Q4 2016.