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SBI

Western Asset Intermediate Muni Fund
SBI

53 hedge funds and large institutions have $35.1M invested in Western Asset Intermediate Muni Fund in 2019 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 17 increasing their positions, 14 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

21% more repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 14

11% more capital invested

Capital invested by funds: $31.7M → $35.1M (+$3.36M)

2.7% more ownership

Funds ownership: 25.92% → 28.62% (+2.7%)

0% more first-time investments, than exits

New positions opened: 4 | Existing positions closed: 4

2% less funds holding

Funds holding: 54 → 53 (-1)

Holders
53
Holders Change
-1
Holders Change %
-1.85%
% of All Funds
1.15%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
4
Increased
17
Reduced
14
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Mercer Global Advisors
Mercer Global Advisors
Colorado
+$2.08M
2
Wells Fargo
Wells Fargo
California
+$725K
3
ACA
Ackerman Capital Advisors
Texas
+$493K
4
Morgan Stanley
Morgan Stanley
New York
+$233K
5
RJA
Raymond James & Associates
Florida
+$162K

Top Sellers

1
OC
Oppenheimer & Co
New York
-$302K
2
PAS
Park Avenue Securities
New York
-$253K
3
LTFS
Ladenburg Thalmann Financial Services
Florida
-$106K
4
Baird Financial Group
Baird Financial Group
Wisconsin
-$61.9K
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$61.1K
Name Holding Trade Value Shares
Change 		Change in
Stake
Wells Fargo
1
Wells Fargo
California
$5.62M +$725K +81,910 +15%
Morgan Stanley
2
Morgan Stanley
New York
$4.57M +$233K +26,355 +5%
1CP
3
1607 Capital Partners
Virginia
$3.77M – – –
Mercer Global Advisors
4
Mercer Global Advisors
Colorado
$2.1M +$2.08M +234,575 New
WTC
5
WhitTier Trust Company
Nevada
$2.05M +$21.4K +2,421 +1%
Commonwealth Equity Services
6
Commonwealth Equity Services
Massachusetts
$1.82M -$20.3K -2,289 -1%
WT
7
Whittier Trust
California
$1.61M +$41.8K +4,721 +3%
PPA
8
Parametric Portfolio Associates
Washington
$1.38M -$38.7K -4,375 -3%
RCM
9
Robinson Capital Management
Michigan
$1.13M +$47.5K +5,365 +4%
LTFS
10
Ladenburg Thalmann Financial Services
Florida
$1.02M -$106K -11,977 -9%
WAM
11
Wolverine Asset Management
Illinois
$953K +$47.3K +5,347 +5%
LCM
12
Landscape Capital Management
New Jersey
$944K -$51.6K -5,829 -5%
SFG
13
StrategIQ Financial Group
Indiana
$875K +$149K +16,841 +21%
SFWA
14
Summit Financial Wealth Advisors
Louisiana
$842K -$27.4K -3,092 -3%
Royal Bank of Canada
15
Royal Bank of Canada
Ontario, Canada
$591K -$61.1K -6,901 -9%
First Trust Advisors
16
First Trust Advisors
Illinois
$491K +$41.1K +4,640 +9%
RJA
17
Raymond James & Associates
Florida
$449K +$162K +18,356 +58%
AA
18
AQR Arbitrage
Connecticut
$432K -$18.8K -2,126 -4%
KCM
19
Kempner Capital Management
Texas
$427K – – –
Bank of America
20
Bank of America
North Carolina
$402K +$97.2K +10,985 +32%
MIG
21
Mariner Investment Group
New York
$364K – – –
UBS Group
22
UBS Group
Switzerland
$310K -$22.1K -2,500 -7%
Envestnet Asset Management
23
Envestnet Asset Management
Illinois
$291K +$31.7K +3,578 +12%
RJFSA
24
Raymond James Financial Services Advisors
Florida
$242K -$6.06K -685 -2%
HKAM
25
Horizon Kinetics Asset Management
New York
$240K -$849 -96 -0.4%
1
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SBI Hedge Fund Activity: Q2 2019 in Review

53 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Western Asset Intermediate Muni Fund (SBI) for Q2 2019, worth a combined $35.1M — up 11% from $31.7M a quarter earlier.

Fund positioning in SBI was balanced in Q2 2019: 4 funds opened new positions, 4 closed out, 17 added to existing stakes and 14 trimmed.

The largest buyer was Mercer Global Advisors, opening a new position worth an estimated $2.08M. The largest seller was Oppenheimer & Co, exiting entirely with an estimated $302K sold.

  • 53 institutional investors held Western Asset Intermediate Muni Fund (SBI) as of Q2 2019, down from 54 in Q1 2019.
  • Funds reported $35.1M of Western Asset Intermediate Muni Fund stock for Q2 2019, up 11% quarter-over-quarter.
  • 4 funds opened new Western Asset Intermediate Muni Fund positions in Q2 2019 and 4 closed out, a net change of 0 holders.
  • The largest Western Asset Intermediate Muni Fund buyer in Q2 2019 was Mercer Global Advisors, an estimated $2.08M added.
  • The largest Western Asset Intermediate Muni Fund seller in Q2 2019 was Oppenheimer & Co, an estimated $302K sold.

Based on aggregated 13F filings for Q2 2019.