Western Asset Intermediate Muni Fund
SBI
59 hedge funds and large institutions have $47.8M invested in Western Asset Intermediate Muni Fund in 2022 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 14 increasing their positions, 26 reducing their positions, and 11 closing their positions.
6% more capital invested
Capital invested by funds: $45M → $47.8M (+$2.79M)
1.24% more ownership
Funds ownership: 43.57% → 44.8% (+1.2%)
6% less funds holding
Funds holding: 63 → 59 (-4)
27% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 11
46% less repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 26
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$4.61M |
| 2 |
TIM
Tortoise Investment Management
White Plains,
New York
|
+$1.35M |
| 3 |
AC
Almitas Capital
Santa Monica,
California
|
+$795K |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$790K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$561K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$4.11M |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$1.12M |
| 3 |
WTC
WhitTier Trust Company
Reno,
Nevada
|
-$469K |
| 4 |
WT
Whittier Trust
South Pasadena,
California
|
-$400K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$392K |
SBI Hedge Fund Activity: Q4 2022 in Review
59 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Western Asset Intermediate Muni Fund (SBI) for Q4 2022, worth a combined $47.8M — up 6.2% from $45M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of SBI and 8 opened new positions — a net loss of 3 holders — while 26 trimmed existing stakes and 14 added.
The largest buyer was Saba Capital Management, opening a new position worth an estimated $4.61M. The largest seller was Karpus Investment Management, cutting an estimated $4.11M.
- 59 institutional investors held Western Asset Intermediate Muni Fund (SBI) as of Q4 2022, down from 63 in Q3 2022.
- Funds reported $47.8M of Western Asset Intermediate Muni Fund stock for Q4 2022, up 6.2% quarter-over-quarter.
- 8 funds opened new Western Asset Intermediate Muni Fund positions in Q4 2022 and 11 closed out, a net change of -3 holders.
- The largest Western Asset Intermediate Muni Fund buyer in Q4 2022 was Saba Capital Management, an estimated $4.61M added.
- The largest Western Asset Intermediate Muni Fund seller in Q4 2022 was Karpus Investment Management, an estimated $4.11M sold.
Based on aggregated 13F filings for Q4 2022.