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SBI

Western Asset Intermediate Muni Fund
SBI

54 hedge funds and large institutions have $23.9M invested in Western Asset Intermediate Muni Fund in 2018 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 16 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

45% more repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 11

13% more funds holding

Funds holding: 48 → 54 (+6)

5% more capital invested

Capital invested by funds: $22.8M → $23.9M (+$1.18M)

1.28% more ownership

Funds ownership: 18.84% → 20.12% (+1.3%)

Holders
54
Holders Change
+6
Holders Change %
+12.5%
% of All Funds
1.23%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
9
Increased
16
Reduced
11
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
RCM
Rivernorth Capital Management
Florida
+$868K
2
AA
Ancora Advisors
Ohio
+$756K
3
WAM
Wolverine Asset Management
Illinois
+$436K
4
WTC
WhitTier Trust Company
Nevada
+$435K
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$353K

Top Sellers

1
LCM
Laurion Capital Management
New York
-$969K
2
CRC
Curi RMB Capital
Illinois
-$498K
3
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$337K
4
Morgan Stanley
Morgan Stanley
New York
-$264K
5
CF
Centaurus Financial
California
-$249K
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$3.23M -$264K -30,767 -7%
WTC
2
WhitTier Trust Company
Nevada
$2M +$435K +50,700 +27%
RCM
3
Robinson Capital Management
Michigan
$1.75M – – –
Commonwealth Equity Services
4
Commonwealth Equity Services
Massachusetts
$1.69M -$132K -15,335 -7%
WT
5
Whittier Trust
California
$1.31M +$21.7K +2,532 +2%
LCM
6
Landscape Capital Management
New Jersey
$943K +$211K +24,554 +28%
CRC
7
Curi RMB Capital
Illinois
$932K -$498K -58,044 -34%
SFWA
8
Summit Financial Wealth Advisors
Louisiana
$895K -$83K -9,667 -8%
LTFS
9
Ladenburg Thalmann Financial Services
Florida
$868K +$149K +17,350 +20%
RCM
10
Rivernorth Capital Management
Florida
$856K +$868K +101,193 New
WAM
11
Wolverine Asset Management
Illinois
$749K +$436K +50,765 +134%
AA
12
Ancora Advisors
Ohio
$746K +$756K +88,113 New
Wells Fargo
13
Wells Fargo
California
$628K +$231K +26,900 +57%
First Trust Advisors
14
First Trust Advisors
Illinois
$517K -$17.1K -1,993 -3%
RJA
15
Raymond James & Associates
Florida
$495K +$38.2K +4,452 +8%
RJFSA
16
Raymond James Financial Services Advisors
Florida
$411K -$216K -25,181 -34%
UBS Group
17
UBS Group
Switzerland
$405K -$32.3K -3,759 -7%
KCM
18
Kempner Capital Management
Texas
$404K – – –
Bank of America
19
Bank of America
North Carolina
$376K +$49.2K +5,738 +15%
SFG
20
StrategIQ Financial Group
Indiana
$375K +$180K +21,000 +90%
Royal Bank of Canada
21
Royal Bank of Canada
Ontario, Canada
$369K -$337K -39,243 -47%
Susquehanna International Group
22
Susquehanna International Group
Pennsylvania
$348K +$353K +41,141 New
MIG
23
Mariner Investment Group
New York
$343K – – –
OC
24
Oppenheimer & Co
New York
$267K -$11.2K -1,300 -4%
PMG
25
ProVise Management Group
Florida
$252K – – –
1
2 3

SBI Hedge Fund Activity: Q3 2018 in Review

54 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Western Asset Intermediate Muni Fund (SBI) for Q3 2018, worth a combined $23.9M — up 5.2% from $22.8M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new SBI positions and 3 closed out — a net gain of 6 holders — while 16 added to existing stakes and 11 trimmed.

The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $868K. The largest seller was Laurion Capital Management, exiting entirely with an estimated $969K sold.

  • 54 institutional investors held Western Asset Intermediate Muni Fund (SBI) as of Q3 2018, up from 48 in Q2 2018.
  • Funds reported $23.9M of Western Asset Intermediate Muni Fund stock for Q3 2018, up 5.2% quarter-over-quarter.
  • 9 funds opened new Western Asset Intermediate Muni Fund positions in Q3 2018 and 3 closed out, a net change of +6 holders.
  • The largest Western Asset Intermediate Muni Fund buyer in Q3 2018 was Rivernorth Capital Management, an estimated $868K added.
  • The largest Western Asset Intermediate Muni Fund seller in Q3 2018 was Laurion Capital Management, an estimated $969K sold.

Based on aggregated 13F filings for Q3 2018.