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SBI

Western Asset Intermediate Muni Fund
SBI

56 hedge funds and large institutions have $46.2M invested in Western Asset Intermediate Muni Fund in 2020 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 17 increasing their positions, 20 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

3% less capital invested

Capital invested by funds: $47.7M → $46.2M (-$1.51M)

3.31% less ownership

Funds ownership: 39.62% → 36.31% (-3.3%)

3% less funds holding

Funds holding: 58 → 56 (-2)

15% less repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 20

22% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 9

Holders
56
Holders Change
-2
Holders Change %
-3.45%
% of All Funds
1.13%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
7
Increased
17
Reduced
20
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
KIM
Karpus Investment Management
New York
+$6.9M
2
ACA
Ackerman Capital Advisors
Texas
+$325K
3
LPL Financial
LPL Financial
California
+$160K
4
MC
Matisse Capital
Oregon
+$132K
5
RJFSA
Raymond James Financial Services Advisors
Florida
+$112K

Top Sellers

1
RCM
Robinson Capital Management
Michigan
-$2.99M
2
Wells Fargo
Wells Fargo
California
-$2.42M
3
Morgan Stanley
Morgan Stanley
New York
-$2.41M
4
RJA
Raymond James & Associates
Florida
-$990K
5
BlackRock
BlackRock
New York
-$664K
Name Holding Trade Value Shares
Change 		Change in
Stake
1CP
1
1607 Capital Partners
Virginia
$9.22M -$117K -13,100 -1%
KIM
2
Karpus Investment Management
New York
$6.98M +$6.9M +770,769 New
Wells Fargo
3
Wells Fargo
California
$3.18M -$2.42M -270,484 -44%
WTC
4
WhitTier Trust Company
Nevada
$2.81M -$26.5K -2,964 -0.9%
Morgan Stanley
5
Morgan Stanley
New York
$2.66M -$2.41M -268,744 -48%
Commonwealth Equity Services
6
Commonwealth Equity Services
Massachusetts
$2.59M -$49.5K -5,532 -2%
WT
7
Whittier Trust
California
$2.25M +$26.7K +2,988 +1%
PPA
8
Parametric Portfolio Associates
Washington
$1.96M +$78.1K +8,724 +4%
Envestnet Asset Management
9
Envestnet Asset Management
Illinois
$1.53M -$372K -41,533 -20%
AAM
10
Advisors Asset Management
Colorado
$1.05M -$15.1K -1,691 -1%
Royal Bank of Canada
11
Royal Bank of Canada
Ontario, Canada
$1.03M -$318K -35,570 -24%
ACA
12
Ackerman Capital Advisors
Texas
$918K +$325K +36,314 +56%
SFG
13
StrategIQ Financial Group
Indiana
$885K +$27.9K +3,112 +3%
Mercer Global Advisors
14
Mercer Global Advisors
Colorado
$842K -$445K -49,667 -35%
Fiera Capital (Canada)
15
Fiera Capital (Canada)
Quebec, Canada
$720K +$13.6K +1,523 +2%
PAS
16
Park Avenue Securities
New York
$695K +$72.9K +8,144 +12%
SFWA
17
Summit Financial Wealth Advisors
Louisiana
$638K -$8.95K -1,000 -1%
First Trust Advisors
18
First Trust Advisors
Illinois
$516K +$27.2K +3,040 +6%
Osaic Holdings
19
Osaic Holdings
Arizona
$451K +$11.3K +1,263 +3%
RJA
20
Raymond James & Associates
Florida
$442K -$990K -110,616 -69%
KCM
21
Kempner Capital Management
Texas
$433K – – –
UBS Group
22
UBS Group
Switzerland
$370K -$21.1K -2,362 -5%
RJFSA
23
Raymond James Financial Services Advisors
Florida
$362K +$112K +12,515 +46%
Stifel Financial
24
Stifel Financial
Missouri
$358K +$18.3K +2,045 +5%
TJHA
25
Thomas J. Herzfeld Advisors
Florida
$324K +$28K +3,128 +9%
1
2 3

SBI Hedge Fund Activity: Q3 2020 in Review

56 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Western Asset Intermediate Muni Fund (SBI) for Q3 2020, worth a combined $46.2M — down 3.2% from $47.7M a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of SBI and 7 opened new positions — a net loss of 2 holders — while 20 trimmed existing stakes and 17 added.

The largest buyer was Karpus Investment Management, opening a new position worth an estimated $6.9M. The largest seller was Robinson Capital Management, exiting entirely with an estimated $2.99M sold.

  • 56 institutional investors held Western Asset Intermediate Muni Fund (SBI) as of Q3 2020, down from 58 in Q2 2020.
  • Funds reported $46.2M of Western Asset Intermediate Muni Fund stock for Q3 2020, down 3.2% quarter-over-quarter.
  • 7 funds opened new Western Asset Intermediate Muni Fund positions in Q3 2020 and 9 closed out, a net change of -2 holders.
  • The largest Western Asset Intermediate Muni Fund buyer in Q3 2020 was Karpus Investment Management, an estimated $6.9M added.
  • The largest Western Asset Intermediate Muni Fund seller in Q3 2020 was Robinson Capital Management, an estimated $2.99M sold.

Based on aggregated 13F filings for Q3 2020.