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SBI

Western Asset Intermediate Muni Fund

60 hedge funds and large institutions have $51.5M invested in Western Asset Intermediate Muni Fund in 2021 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 19 increasing their positions, 16 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

19% more repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 16

7% more capital invested

Capital invested by funds: $48.2M → $51.5M (+$3.35M)

3% more ownership

Funds ownership: 37.26%40.25% (+3%)

5% less funds holding

Funds holding: 6360 (-3)

17% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 12

Holders
60
Holders Change
-3
Holders Change %
-4.76%
% of All Funds
1.05%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
10
Increased
19
Reduced
16
Closed
12
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
1CP
1
1607 Capital Partners
Virginia
$13.4M +$2.15M +232,890 +19%
KIM
2
Karpus Investment Management
New York
$7.19M +$105K +11,355 +1%
Wells Fargo
3
Wells Fargo
California
$3.26M +$59.2K +6,400 +2%
PPA
4
Parametric Portfolio Associates
Washington
$3.09M +$1.1M +118,510 +55%
WTC
5
WhitTier Trust Company
Nevada
$3.02M +$284K +30,695 +10%
WT
6
Whittier Trust
California
$2.4M +$76.9K +8,315 +3%
Commonwealth Equity Services
7
Commonwealth Equity Services
Massachusetts
$2.06M +$69.3K +7,500 +4%
Morgan Stanley
8
Morgan Stanley
New York
$2.01M -$35K -3,790 -2%
Envestnet Asset Management
9
Envestnet Asset Management
Illinois
$1.4M -$18.2K -1,967 -1%
AAM
10
Advisors Asset Management
Colorado
$994K -$10.4K -1,130 -1%
SFG
11
StrategIQ Financial Group
Indiana
$919K +$12.1K +1,308 +1%
PAS
12
Park Avenue Securities
New York
$803K +$41.8K +4,520 +6%
Royal Bank of Canada
13
Royal Bank of Canada
Ontario, Canada
$768K -$307K -33,215 -29%
SFWA
14
Summit Financial Wealth Advisors
Louisiana
$662K -$5.55K -600 -0.8%
First Trust Advisors
15
First Trust Advisors
Illinois
$639K +$72.1K +7,806 +13%
Mercer Global Advisors
16
Mercer Global Advisors
Colorado
$605K -$61.6K -6,660 -9%
RCM
17
Rivernorth Capital Management
Florida
$582K +$579K +62,662 New
APA
18
Allegiant Private Advisors
Florida
$572K -$264K -28,551 -32%
Fiera Capital (Canada)
19
Fiera Capital (Canada)
Quebec, Canada
$555K -$216K -23,372 -28%
LPL Financial
20
LPL Financial
California
$554K +$136K +14,750 +33%
KCM
21
Kempner Capital Management
Texas
$444K
TJHA
22
Thomas J. Herzfeld Advisors
Florida
$433K +$91.3K +9,881 +27%
RJFSA
23
Raymond James Financial Services Advisors
Florida
$414K +$416 +45 +0.1%
Osaic Holdings
24
Osaic Holdings
Arizona
$409K -$943 -102 -0.2%
RJA
25
Raymond James & Associates
Florida
$389K -$29.8K -3,229 -7%

SBI Hedge Fund Activity: Q1 2021 in Review

60 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Western Asset Intermediate Muni Fund (SBI) for Q1 2021, worth a combined $51.5M — up 7% from $48.2M a quarter earlier.

Sellers outnumbered buyers: 12 funds closed out of SBI and 10 opened new positions — a net loss of 2 holders — while 16 trimmed existing stakes and 19 added.

The largest buyer was 1607 Capital Partners, adding an estimated $2.15M. The largest seller was Ackerman Capital Advisors, cutting an estimated $557K.

  • 60 institutional investors held Western Asset Intermediate Muni Fund (SBI) as of Q1 2021, down from 63 in Q4 2020.
  • Funds reported $51.5M of Western Asset Intermediate Muni Fund stock for Q1 2021, up 7% quarter-over-quarter.
  • 10 funds opened new Western Asset Intermediate Muni Fund positions in Q1 2021 and 12 closed out, a net change of -2 holders.
  • The largest Western Asset Intermediate Muni Fund buyer in Q1 2021 was 1607 Capital Partners, an estimated $2.15M added.
  • The largest Western Asset Intermediate Muni Fund seller in Q1 2021 was Ackerman Capital Advisors, an estimated $557K sold.

Based on aggregated 13F filings for Q1 2021.