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SBI

Western Asset Intermediate Muni Fund

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.

New
Increased
Maintained
Reduced
Closed

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: 4742 (-5)

43% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 7

Holders
42
Holders Change
-5
Holders Change %
-10.64%
% of All Funds
1.05%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
4
Increased
15
Reduced
10
Closed
7
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$4.47M +$6.7K +701 +0.1%
WT
2
Whittier Trust
California
$1.38M +$96.5K +10,097 +7%
RJA
3
Raymond James & Associates
Florida
$1.29M +$86.4K +9,041 +7%
Commonwealth Equity Services
4
Commonwealth Equity Services
Massachusetts
$1.26M +$91.7K +9,588 +8%
SFWA
5
Summit Financial Wealth Advisors
Louisiana
$929K -$59.8K -6,250 -6%
Royal Bank of Canada
6
Royal Bank of Canada
Ontario, Canada
$772K +$690K +72,207 +831%
WTC
7
WhitTier Trust Company
Nevada
$760K -$50.7K -5,300 -6%
LTFS
8
Ladenburg Thalmann Financial Services
Florida
$750K
RJFSA
9
Raymond James Financial Services Advisors
Florida
$721K -$2.7K -282 -0.4%
First Trust Advisors
10
First Trust Advisors
Illinois
$622K +$90.6K +9,479 +17%
Wells Fargo
11
Wells Fargo
California
$608K -$35.2K -3,677 -5%
UBS Group
12
UBS Group
Switzerland
$538K -$206K -21,507 -28%
KCM
13
Kempner Capital Management
Texas
$456K
DA
14
Doliver Advisors
Texas
$409K -$4.51K -472 -1%
HK
15
Horizon Kinetics
New York
$381K +$88.8K +9,290 +30%
Bank of America
16
Bank of America
North Carolina
$373K +$6.24K +653 +2%
TIM
17
Tortoise Investment Management
New York
$343K
Janney Montgomery Scott
18
Janney Montgomery Scott
Pennsylvania
$315K +$99.7K +10,424 +46%
Ameriprise
19
Ameriprise
Minnesota
$307K +$308K +32,206 New
CIBC Private Wealth Group
20
CIBC Private Wealth Group
Georgia
$280K -$4.88K -511 -2%
MML Investors Services
21
MML Investors Services
Massachusetts
$276K +$276K +28,911 New
PMG
22
ProVise Management Group
Florida
$247K -$3.35K -350 -1%
LPL Financial
23
LPL Financial
California
$193K +$344 +36 +0.2%
CRC
24
Curi RMB Capital
Illinois
$184K -$166K -17,318 -47%
PNC Financial Services Group
25
PNC Financial Services Group
Pennsylvania
$181K +$143K +15,000 +375%

SBI Hedge Fund Activity: Q1 2017 in Review

42 of the 4,017 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.