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SBI

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.

New
Increased
Maintained
Reduced
Closed

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)

Holders
47
Holders Change
+6
Holders Change %
+14.63%
% of All Funds
1.18%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
9
Increased
14
Reduced
11
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
CRC
Curi RMB Capital
Illinois
+$363K
2
UBS Group
UBS Group
Switzerland
+$356K
3
VKH
Virtu KCG Holdings
New York
+$330K
4
DA
Doliver Advisors
Texas
+$286K
5
First Trust Advisors
First Trust Advisors
Illinois
+$212K

Top Sellers

1
Morgan Stanley
Morgan Stanley
New York
-$790K
2
RCM
Robinson Capital Management
Michigan
-$600K
3
HK
Horizon Kinetics
New York
-$473K
4
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$221K
5
CWM
Concert Wealth Management
California
-$205K
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$4.45M -$790K -79,723 -15%
WT
2
Whittier Trust
California
$1.28M -$110K -11,124 -8%
RJA
3
Raymond James & Associates
Florida
$1.2M +$133K +13,477 +12%
Commonwealth Equity Services
4
Commonwealth Equity Services
Massachusetts
$1.17M +$22.8K +2,300 +2%
SFWA
5
Summit Financial Wealth Advisors
Louisiana
$985K +$3.31K +334 +0.3%
WTC
6
WhitTier Trust Company
Nevada
$808K -$19.8K -2,000 -2%
LTFS
7
Ladenburg Thalmann Financial Services
Florida
$748K +$113K +11,377 +17%
UBS Group
8
UBS Group
Switzerland
$741K +$356K +35,988 +86%
RJFSA
9
Raymond James Financial Services Advisors
Florida
$721K +$101K +10,211 +16%
Wells Fargo
10
Wells Fargo
California
$641K +$16.8K +1,701 +3%
First Trust Advisors
11
First Trust Advisors
Illinois
$530K +$212K +21,358 +62%
KCM
12
Kempner Capital Management
Texas
$455K – – –
DA
13
Doliver Advisors
Texas
$412K +$286K +28,885 +199%
Bank of America
14
Bank of America
North Carolina
$364K -$1.88K -190 -0.5%
CRC
15
Curi RMB Capital
Illinois
$348K +$363K +36,615 New
TIM
16
Tortoise Investment Management
New York
$342K – – –
VKH
17
Virtu KCG Holdings
New York
$317K +$330K +33,366 New
HK
18
Horizon Kinetics
New York
$292K -$473K -47,775 -61%
MFS
19
MSI Financial Services
Massachusetts
$284K +$4.67K +471 +2%
CIBC Private Wealth Group
20
CIBC Private Wealth Group
Georgia
$284K +$5.06K +511 +2%
PMG
21
ProVise Management Group
Florida
$250K -$29.7K -3,000 -10%
Janney Montgomery Scott
22
Janney Montgomery Scott
Pennsylvania
$214K +$21K +2,122 +10%
LPL Financial
23
LPL Financial
California
$192K -$2.38K -240 -1%
SC
24
Stratford Consulting
Texas
$178K +$2.16K +218 +1%
Baird Financial Group
25
Baird Financial Group
Wisconsin
$162K -$31.7K -3,200 -16%
1
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SBI Hedge Fund Activity: Q4 2016 in Review

47 of the 4,000 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.