Western Asset Intermediate Muni Fund
SBI
42 hedge funds and large institutions have $19.6M invested in Western Asset Intermediate Muni Fund in 2017 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 15 increasing their positions, 10 reducing their positions, and 7 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 10
5% more capital invested
Capital invested by funds: $18.6M → $19.6M (+$944K)
0.66% more ownership
Funds ownership: 13.9% → 14.55% (+0.66%)
11% less funds holding
Funds holding: 47 → 42 (-5)
43% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$690K |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$308K |
| 3 |
MML Investors Services
Springfield,
Massachusetts
|
+$276K |
| 4 |
CIA
Capital Investment Advisors
Atlanta,
Georgia
|
+$156K |
| 5 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$143K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VKH
Virtu KCG Holdings
New York
|
-$317K |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$206K |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$166K |
| 4 |
SPC
Sigma Planning Corp
Ann Arbor,
Michigan
|
-$104K |
| 5 |
NL
NWAM LLC
Mercer Island,
Washington
|
-$97K |
SBI Hedge Fund Activity: Q1 2017 in Review
42 of the 4,034 institutional investors tracked by Wall St. Rank reported a position in Western Asset Intermediate Muni Fund (SBI) for Q1 2017, worth a combined $19.6M — up 5.1% from $18.6M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of SBI and 4 opened new positions — a net loss of 3 holders — while 10 trimmed existing stakes and 15 added.
The largest buyer was Royal Bank of Canada, adding an estimated $690K. The largest seller was Virtu KCG Holdings, exiting entirely with an estimated $317K sold.
- 42 institutional investors held Western Asset Intermediate Muni Fund (SBI) as of Q1 2017, down from 47 in Q4 2016.
- Funds reported $19.6M of Western Asset Intermediate Muni Fund stock for Q1 2017, up 5.1% quarter-over-quarter.
- 4 funds opened new Western Asset Intermediate Muni Fund positions in Q1 2017 and 7 closed out, a net change of -3 holders.
- The largest Western Asset Intermediate Muni Fund buyer in Q1 2017 was Royal Bank of Canada, an estimated $690K added.
- The largest Western Asset Intermediate Muni Fund seller in Q1 2017 was Virtu KCG Holdings, an estimated $317K sold.
Based on aggregated 13F filings for Q1 2017.