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SBI

Western Asset Intermediate Muni Fund

64 hedge funds and large institutions have $49.4M invested in Western Asset Intermediate Muni Fund in 2023 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 13 increasing their positions, 24 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

71% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 7

8% more funds holding

Funds holding: 5964 (+5)

1.6% more ownership

Funds ownership: 44.8%46.41% (+1.6%)

3% more capital invested

Capital invested by funds: $47.8M → $49.4M (+$1.59M)

46% less repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 24

Holders
64
Holders Change
+5
Holders Change %
+8.47%
% of All Funds
1.02%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
12
Increased
13
Reduced
24
Closed
7
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
1CP
1
1607 Capital Partners
Virginia
$10.9M -$579K -73,709 -5%
SCM
2
Saba Capital Management
New York
$6.16M +$1.27M +162,240 +26%
Morgan Stanley
3
Morgan Stanley
New York
$3.73M -$126K -16,078 -3%
SIA
4
Sit Investment Associates
Minnesota
$2.54M +$2.53M +321,931 New
RCM
5
Rivernorth Capital Management
Florida
$2.42M
Allspring Global Investments
6
Allspring Global Investments
North Carolina
$2.37M
WTC
7
WhitTier Trust Company
Nevada
$1.97M -$961K -122,384 -33%
LPL Financial
8
LPL Financial
California
$1.73M +$237K +30,231 +16%
TIM
9
Tortoise Investment Management
New York
$1.55M -$25.7K -3,271 -2%
WT
10
Whittier Trust
California
$1.44M -$50.6K -6,440 -3%
CCP
11
Clough Capital Partners
Massachusetts
$1.06M +$1.05M +134,335 New
Envestnet Asset Management
12
Envestnet Asset Management
Illinois
$1.06M -$88.6K -11,277 -8%
UBS Group
13
UBS Group
Switzerland
$809K -$39K -4,963 -5%
PAS
14
Park Avenue Securities
New York
$784K -$68K -8,655 -8%
SIA
15
SkyView Investment Advisors
New Jersey
$755K
WP
16
Woodline Partners
California
$702K +$698K +88,825 New
RCM
17
Robinson Capital Management
Michigan
$694K -$766K -97,595 -52%
SFG
18
StrategIQ Financial Group
Indiana
$660K -$15.6K -1,990 -2%
RPA
19
Rock Point Advisors
Vermont
$657K +$22.4K +2,851 +4%
Royal Bank of Canada
20
Royal Bank of Canada
Ontario, Canada
$558K -$34.5K -4,399 -6%
SFWA
21
Summit Financial Wealth Advisors
Louisiana
$531K -$11.4K -1,450 -2%
LSC
22
Logan Stone Capital
Illinois
$526K -$462K -58,889 -47%
AC
23
Almitas Capital
California
$443K -$434K -55,266 -50%
KCM
24
Kempner Capital Management
Texas
$378K
AA
25
AQR Arbitrage
Connecticut
$344K +$50.1K +6,385 +17%

SBI Hedge Fund Activity: Q1 2023 in Review

64 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Western Asset Intermediate Muni Fund (SBI) for Q1 2023, worth a combined $49.4M — up 3.3% from $47.8M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new SBI positions and 7 closed out — a net gain of 5 holders — while 13 added to existing stakes and 24 trimmed.

The largest buyer was Sit Investment Associates, opening a new position worth an estimated $2.53M. The largest seller was WhitTier Trust Company, cutting an estimated $961K.

  • 64 institutional investors held Western Asset Intermediate Muni Fund (SBI) as of Q1 2023, up from 59 in Q4 2022.
  • Funds reported $49.4M of Western Asset Intermediate Muni Fund stock for Q1 2023, up 3.3% quarter-over-quarter.
  • 12 funds opened new Western Asset Intermediate Muni Fund positions in Q1 2023 and 7 closed out, a net change of +5 holders.
  • The largest Western Asset Intermediate Muni Fund buyer in Q1 2023 was Sit Investment Associates, an estimated $2.53M added.
  • The largest Western Asset Intermediate Muni Fund seller in Q1 2023 was WhitTier Trust Company, an estimated $961K sold.

Based on aggregated 13F filings for Q1 2023.