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SBI

Western Asset Intermediate Muni Fund

51 hedge funds and large institutions have $31.7M invested in Western Asset Intermediate Muni Fund in 2018 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 16 increasing their positions, 19 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

32% more capital invested

Capital invested by funds: $23.9M → $31.7M (+$7.71M)

6.81% more ownership

Funds ownership: 20.12%26.93% (+6.8%)

6% less funds holding

Funds holding: 5451 (-3)

16% less repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 19

38% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 8

Holders
51
Holders Change
-3
Holders Change %
-5.56%
% of All Funds
1.14%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
5
Increased
16
Reduced
19
Closed
8
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Wells Fargo
1
Wells Fargo
California
$3.95M +$3.31M +398,403 +537%
Morgan Stanley
2
Morgan Stanley
New York
$3.67M +$477K +57,320 +15%
1CP
3
1607 Capital Partners
Virginia
$3.47M +$3.35M +402,300 +3,095%
FIMG
4
Financial & Investment Management Group
Michigan
$2.96M +$2.95M +354,781 New
WTC
5
WhitTier Trust Company
Nevada
$1.77M -$198K -23,853 -10%
RCM
6
Rivernorth Capital Management
Florida
$1.74M +$895K +107,562 +106%
Commonwealth Equity Services
7
Commonwealth Equity Services
Massachusetts
$1.66M -$9.85K -1,184 -0.6%
WT
8
Whittier Trust
California
$1.24M -$52.7K -6,334 -4%
RCM
9
Robinson Capital Management
Michigan
$1.05M -$668K -80,299 -39%
LTFS
10
Ladenburg Thalmann Financial Services
Florida
$927K +$70.2K +8,439 +8%
LCM
11
Landscape Capital Management
New Jersey
$851K -$79K -9,491 -9%
SFWA
12
Summit Financial Wealth Advisors
Louisiana
$812K -$92.2K -11,084 -10%
WAM
13
Wolverine Asset Management
Illinois
$621K -$118K -14,154 -16%
AA
14
AQR Arbitrage
Connecticut
$561K +$314K +37,689 +128%
SFG
15
StrategIQ Financial Group
Indiana
$473K +$103K +12,322 +28%
PPA
16
Parametric Portfolio Associates
Washington
$403K +$401K +48,225 New
KCM
17
Kempner Capital Management
Texas
$399K
First Trust Advisors
18
First Trust Advisors
Illinois
$379K -$131K -15,779 -26%
CRC
19
Curi RMB Capital
Illinois
$376K -$543K -65,236 -59%
Royal Bank of Canada
20
Royal Bank of Canada
Ontario, Canada
$341K -$22.6K -2,714 -6%
MIG
21
Mariner Investment Group
New York
$339K
OC
22
Oppenheimer & Co
New York
$308K +$43.7K +5,250 +17%
UBS Group
23
UBS Group
Switzerland
$291K -$109K -13,046 -27%
Bank of America
24
Bank of America
North Carolina
$246K -$125K -15,013 -34%
RJA
25
Raymond James & Associates
Florida
$240K -$248K -29,767 -51%

SBI Hedge Fund Activity: Q4 2018 in Review

51 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Western Asset Intermediate Muni Fund (SBI) for Q4 2018, worth a combined $31.7M — up 32% from $23.9M a quarter earlier.

Sellers outnumbered buyers: 8 funds closed out of SBI and 5 opened new positions — a net loss of 3 holders — while 19 trimmed existing stakes and 16 added.

The largest buyer was 1607 Capital Partners, adding an estimated $3.35M. The largest seller was Ancora Advisors, exiting entirely with an estimated $746K sold.

  • 51 institutional investors held Western Asset Intermediate Muni Fund (SBI) as of Q4 2018, down from 54 in Q3 2018.
  • Funds reported $31.7M of Western Asset Intermediate Muni Fund stock for Q4 2018, up 32% quarter-over-quarter.
  • 5 funds opened new Western Asset Intermediate Muni Fund positions in Q4 2018 and 8 closed out, a net change of -3 holders.
  • The largest Western Asset Intermediate Muni Fund buyer in Q4 2018 was 1607 Capital Partners, an estimated $3.35M added.
  • The largest Western Asset Intermediate Muni Fund seller in Q4 2018 was Ancora Advisors, an estimated $746K sold.

Based on aggregated 13F filings for Q4 2018.