Western Asset Intermediate Muni Fund
SBI
48 hedge funds and large institutions have $23M invested in Western Asset Intermediate Muni Fund in 2018 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 16 increasing their positions, 11 reducing their positions, and 3 closing their positions.
167% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 3
45% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 11
16% more capital invested
Capital invested by funds: $19.9M → $23M (+$3.12M)
12% more funds holding
Funds holding: 43 → 48 (+5)
2.52% more ownership
Funds ownership: 16.33% → 18.84% (+2.5%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
+$970K |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$610K |
| 3 |
WTC
WhitTier Trust Company
Reno,
Nevada
|
+$594K |
| 4 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$443K |
| 5 |
MIG
Mariner Investment Group
Harrison,
New York
|
+$352K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$453K |
| 2 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$240K |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$193K |
| 4 |
OC
Oppenheimer & Co
New York
|
-$94.1K |
| 5 |
LNC
Lincoln National Corp
Radnor,
Pennsylvania
|
-$93K |
SBI Hedge Fund Activity: Q2 2018 in Review
48 of the 4,385 institutional investors tracked by Wall St. Rank reported a position in Western Asset Intermediate Muni Fund (SBI) for Q2 2018, worth a combined $23M — up 16% from $19.9M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new SBI positions and 3 closed out — a net gain of 5 holders — while 16 added to existing stakes and 11 trimmed.
The largest buyer was Laurion Capital Management, opening a new position worth an estimated $970K. The largest seller was Royal Bank of Canada, cutting an estimated $453K.
- 48 institutional investors held Western Asset Intermediate Muni Fund (SBI) as of Q2 2018, up from 43 in Q1 2018.
- Funds reported $23M of Western Asset Intermediate Muni Fund stock for Q2 2018, up 16% quarter-over-quarter.
- 8 funds opened new Western Asset Intermediate Muni Fund positions in Q2 2018 and 3 closed out, a net change of +5 holders.
- The largest Western Asset Intermediate Muni Fund buyer in Q2 2018 was Laurion Capital Management, an estimated $970K added.
- The largest Western Asset Intermediate Muni Fund seller in Q2 2018 was Royal Bank of Canada, an estimated $453K sold.
Based on aggregated 13F filings for Q2 2018.