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SBI

Western Asset Intermediate Muni Fund
SBI

37 hedge funds and large institutions have $19.1M invested in Western Asset Intermediate Muni Fund in 2017 Q2 according to their latest regulatory filings, with 1 funds opening new positions, 9 increasing their positions, 10 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.81% less ownership

Funds ownership: 14.55% → 13.75% (-0.81%)

2% less capital invested

Capital invested by funds: $19.6M → $19.1M (-$406K)

10% less repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 10

12% less funds holding

Funds holding: 42 → 37 (-5)

83% less first-time investments, than exits

New positions opened: 1 | Existing positions closed: 6

Holders
37
Holders Change
-5
Holders Change %
-11.9%
% of All Funds
0.92%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
1
Increased
9
Reduced
10
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$351K
2
First Trust Advisors
First Trust Advisors
Illinois
+$51.2K
3
LTFS
Ladenburg Thalmann Financial Services
Florida
+$44.2K
4
Janney Montgomery Scott
Janney Montgomery Scott
Pennsylvania
+$24.6K
5
SPIA
Steward Partners Investment Advisory
New York
+$17.7K

Top Sellers

1
Morgan Stanley
Morgan Stanley
New York
-$231K
2
LPL Financial
LPL Financial
California
-$193K
3
CRC
Curi RMB Capital
Illinois
-$184K
4
OC
Oppenheimer & Co
New York
-$177K
5
CIA
Capital Investment Advisors
Georgia
-$156K
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$4.38M -$231K -23,570 -5%
WT
2
Whittier Trust
California
$1.43M – – –
RJA
3
Raymond James & Associates
Florida
$1.31M -$21.1K -2,148 -2%
Commonwealth Equity Services
4
Commonwealth Equity Services
Massachusetts
$1.3M – – –
Royal Bank of Canada
5
Royal Bank of Canada
Ontario, Canada
$1.15M +$351K +35,758 +44%
SFWA
6
Summit Financial Wealth Advisors
Louisiana
$913K -$45.2K -4,600 -5%
LTFS
7
Ladenburg Thalmann Financial Services
Florida
$818K +$44.2K +4,500 +6%
WTC
8
WhitTier Trust Company
Nevada
$784K – – –
RJFSA
9
Raymond James Financial Services Advisors
Florida
$753K +$9.15K +932 +1%
First Trust Advisors
10
First Trust Advisors
Illinois
$693K +$51.2K +5,209 +8%
Wells Fargo
11
Wells Fargo
California
$618K -$8.59K -875 -1%
UBS Group
12
UBS Group
Switzerland
$474K -$80.4K -8,190 -15%
KCM
13
Kempner Capital Management
Texas
$470K – – –
HK
14
Horizon Kinetics
New York
$393K – – –
TIM
15
Tortoise Investment Management
New York
$354K – – –
Janney Montgomery Scott
16
Janney Montgomery Scott
Pennsylvania
$349K +$24.6K +2,500 +8%
Bank of America
17
Bank of America
North Carolina
$337K -$46.7K -4,758 -12%
DA
18
Doliver Advisors
Texas
$324K -$97.4K -9,915 -23%
CIBC Private Wealth Group
19
CIBC Private Wealth Group
Georgia
$288K – – –
Ameriprise
20
Ameriprise
Minnesota
$286K -$30.9K -3,142 -10%
PMG
21
ProVise Management Group
Florida
$261K +$5.89K +600 +2%
PNC Financial Services Group
22
PNC Financial Services Group
Pennsylvania
$188K – – –
SC
23
Stratford Consulting
Texas
$188K +$2.09K +213 +1%
Baird Financial Group
24
Baird Financial Group
Wisconsin
$167K – – –
MML Investors Services
25
MML Investors Services
Massachusetts
$153K -$131K -13,382 -46%
1
2

SBI Hedge Fund Activity: Q2 2017 in Review

37 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Western Asset Intermediate Muni Fund (SBI) for Q2 2017, worth a combined $19.1M — down 2.1% from $19.6M a quarter earlier.

Sellers outnumbered buyers: 6 funds closed out of SBI and 1 opened new positions — a net loss of 5 holders — while 10 trimmed existing stakes and 9 added.

The largest buyer was Royal Bank of Canada, adding an estimated $351K. The largest seller was Morgan Stanley, cutting an estimated $231K.

  • 37 institutional investors held Western Asset Intermediate Muni Fund (SBI) as of Q2 2017, down from 42 in Q1 2017.
  • Funds reported $19.1M of Western Asset Intermediate Muni Fund stock for Q2 2017, down 2.1% quarter-over-quarter.
  • 1 fund opened new Western Asset Intermediate Muni Fund positions in Q2 2017 and 6 closed out, a net change of -5 holders.
  • The largest Western Asset Intermediate Muni Fund buyer in Q2 2017 was Royal Bank of Canada, an estimated $351K added.
  • The largest Western Asset Intermediate Muni Fund seller in Q2 2017 was Morgan Stanley, an estimated $231K sold.

Based on aggregated 13F filings for Q2 2017.