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SBI

Western Asset Intermediate Muni Fund

60 hedge funds and large institutions have $50M invested in Western Asset Intermediate Muni Fund in 2023 Q2 according to their latest regulatory filings, with 1 funds opening new positions, 17 increasing their positions, 25 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

1% more capital invested

Capital invested by funds: $49.4M → $50M (+$590K)

0.26% more ownership

Funds ownership: 46.41%46.66% (+0.26%)

6% less funds holding

Funds holding: 6460 (-4)

32% less repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 25

80% less first-time investments, than exits

New positions opened: 1 | Existing positions closed: 5

Holders
60
Holders Change
-4
Holders Change %
-6.25%
% of All Funds
0.94%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
1
Increased
17
Reduced
25
Closed
5
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
1CP
1
1607 Capital Partners
Virginia
$10.5M -$2.31K -300 -0%
SCM
2
Saba Capital Management
New York
$6.66M +$737K +95,598 +12%
RCM
3
Rivernorth Capital Management
Florida
$4.36M +$2.05M +266,370 +87%
Morgan Stanley
4
Morgan Stanley
New York
$3.49M -$106K -13,750 -3%
SIA
5
Sit Investment Associates
Minnesota
$2.45M
Allspring Global Investments
6
Allspring Global Investments
North Carolina
$2.29M
Commonwealth Equity Services
7
Commonwealth Equity Services
Massachusetts
$1.8M +$24.1K +3,128 +1%
WTC
8
WhitTier Trust Company
Nevada
$1.73M -$168K -21,786 -9%
TIM
9
Tortoise Investment Management
New York
$1.5M -$2.31K -300 -0.2%
LPL Financial
10
LPL Financial
California
$1.43M -$238K -30,820 -14%
WT
11
Whittier Trust
California
$1.3M -$93.9K -12,186 -7%
Envestnet Asset Management
12
Envestnet Asset Management
Illinois
$907K -$117K -15,224 -11%
LSC
13
Logan Stone Capital
Illinois
$753K +$249K +32,264 +48%
UBS Group
14
UBS Group
Switzerland
$741K -$39.1K -5,073 -5%
SIA
15
SkyView Investment Advisors
New Jersey
$728K
PAS
16
Park Avenue Securities
New York
$706K -$50K -6,482 -7%
RCM
17
Robinson Capital Management
Michigan
$673K -$16K -2,070 -2%
RPA
18
Rock Point Advisors
Vermont
$635K +$1.92K +249 +0.3%
SFG
19
StrategIQ Financial Group
Indiana
$629K -$7.58K -984 -1%
SFWA
20
Summit Financial Wealth Advisors
Louisiana
$548K +$37K +4,800 +7%
Royal Bank of Canada
21
Royal Bank of Canada
Ontario, Canada
$527K -$10.3K -1,332 -2%
AC
22
Almitas Capital
California
$503K +$72.9K +9,454 +17%
AA
23
AQR Arbitrage
Connecticut
$458K +$128K +16,579 +38%
KCM
24
Kempner Capital Management
Texas
$364K
KIM
25
Karpus Investment Management
New York
$305K

SBI Hedge Fund Activity: Q2 2023 in Review

60 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Western Asset Intermediate Muni Fund (SBI) for Q2 2023, worth a combined $50M — up 1.2% from $49.4M a quarter earlier.

Sellers outnumbered buyers: 5 funds closed out of SBI and 1 opened new positions — a net loss of 4 holders — while 25 trimmed existing stakes and 17 added.

The largest buyer was Rivernorth Capital Management, adding an estimated $2.05M. The largest seller was Clough Capital Partners, exiting entirely with an estimated $1.06M sold.

  • 60 institutional investors held Western Asset Intermediate Muni Fund (SBI) as of Q2 2023, down from 64 in Q1 2023.
  • Funds reported $50M of Western Asset Intermediate Muni Fund stock for Q2 2023, up 1.2% quarter-over-quarter.
  • 1 fund opened new Western Asset Intermediate Muni Fund positions in Q2 2023 and 5 closed out, a net change of -4 holders.
  • The largest Western Asset Intermediate Muni Fund buyer in Q2 2023 was Rivernorth Capital Management, an estimated $2.05M added.
  • The largest Western Asset Intermediate Muni Fund seller in Q2 2023 was Clough Capital Partners, an estimated $1.06M sold.

Based on aggregated 13F filings for Q2 2023.