Western Asset Intermediate Muni Fund
SBI
52 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, 16 increasing their positions, 14 reducing their positions, and 4 closing their positions.
14% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 14
11% more capital invested
Capital invested by funds: $31.7M → $35.1M (+$3.36M)
2.3% more ownership
Funds ownership: 25.58% → 27.88% (+2.3%)
0% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 4
2% less funds holding
Funds holding: 53 → 52 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mercer Global Advisors
Denver,
Colorado
|
+$2.08M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$725K |
| 3 |
Morgan Stanley
New York
|
+$233K |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$162K |
| 5 |
SFG
StrategIQ Financial Group
Merrillville,
Indiana
|
+$149K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OC
Oppenheimer & Co
New York
|
-$302K |
| 2 |
PAS
Park Avenue Securities
New York
|
-$253K |
| 3 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
-$106K |
| 4 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$61.9K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$61.1K |
SBI Hedge Fund Activity: Q2 2019 in Review
52 of the 4,625 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, 16 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.
- 52 institutional investors held Western Asset Intermediate Muni Fund (SBI) as of Q2 2019, down from 53 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.