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SBI

Western Asset Intermediate Muni Fund

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.

New
Increased
Maintained
Reduced
Closed

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: 6359 (-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

Holders
59
Holders Change
-4
Holders Change %
-6.35%
% of All Funds
0.95%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
8
Increased
14
Reduced
26
Closed
11
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
1CP
1
1607 Capital Partners
Virginia
$11M +$417K +55,850 +4%
SCM
2
Saba Capital Management
New York
$4.68M +$4.61M +616,539 New
Morgan Stanley
3
Morgan Stanley
New York
$3.7M +$72.7K +9,736 +2%
WTC
4
WhitTier Trust Company
Nevada
$2.82M -$469K -62,733 -14%
RCM
5
Rivernorth Capital Management
Florida
$2.32M +$790K +105,715 +53%
Allspring Global Investments
6
Allspring Global Investments
North Carolina
$2.28M
Commonwealth Equity Services
7
Commonwealth Equity Services
Massachusetts
$1.79M -$132K -17,638 -7%
TIM
8
Tortoise Investment Management
New York
$1.52M +$1.35M +180,253 +919%
WT
9
Whittier Trust
California
$1.44M -$400K -53,606 -22%
RCM
10
Robinson Capital Management
Michigan
$1.43M +$461K +61,664 +49%
LPL Financial
11
LPL Financial
California
$1.43M -$7.02K -940 -0.5%
Envestnet Asset Management
12
Envestnet Asset Management
Illinois
$1.1M -$62.7K -8,392 -5%
LSC
13
Logan Stone Capital
Illinois
$952K +$379K +50,773 +68%
AC
14
Almitas Capital
California
$844K +$795K +106,475 +2,236%
PAS
15
Park Avenue Securities
New York
$818K -$9.57K -1,281 -1%
UBS Group
16
UBS Group
Switzerland
$814K +$561K +75,058 +233%
SIA
17
SkyView Investment Advisors
New Jersey
$725K
SFG
18
StrategIQ Financial Group
Indiana
$649K -$102K -13,662 -14%
RPA
19
Rock Point Advisors
Vermont
$609K -$8.96K -1,200 -1%
WAM
20
Wolverine Asset Management
Illinois
$576K -$55.6K -7,444 -9%
Wells Fargo
21
Wells Fargo
California
$570K -$33.4K -4,467 -6%
Royal Bank of Canada
22
Royal Bank of Canada
Ontario, Canada
$568K -$107K -14,384 -16%
SFWA
23
Summit Financial Wealth Advisors
Louisiana
$520K -$29.9K -4,000 -6%
KCM
24
Kempner Capital Management
Texas
$363K
Cambridge Investment Research Advisors
25
Cambridge Investment Research Advisors
Iowa
$309K +$198K +26,550 +187%

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.