Western Asset Inter Muni (SBI): Hedge Fund Ownership & Smart Money Signals (Q1 2026)

Q: Is it too late to buy Western Asset Inter Muni (SBI) following the 2026 Q1 hedge fund 13F filings?

As of today, SBI has moved +1.0% since the 2026 Q1 13F filing date (May 15, 2026), compared to +5.8% for the XLF sector ETF — an outperformance of -4.8%. Since the quarter end (March 31, 2026), SBI gained +1.8% vs +1232.4% for XLF. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Western Asset Inter Muni (SBI)

59 + Investors. Track Smart Money conviction in SBI. See who's accumulating, reducing, or initiating positions.

Smart Money Signals — SBI

Based on 60 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q

For 1 consecutive quarter, more hedge funds added SBI than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

🏔️

At the ownership peak (98% of max)

98% of all-time peak

60 hedge funds hold SBI right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.

📶

Steady growth — +5% more funds vs a year ago

fund count last 6Q

+3 new funds entered over the past year (+5% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.

🟢

More buyers than sellers — 61% buying

28 buying18 selling

Last quarter: 28 funds were net buyers (8 opened a brand new position + 20 added to an existing one). Only 18 were sellers (15 trimmed + 3 sold completely). A clear majority buying is a strong confirmation signal.

➡️

Steady new buyers — ~8 new funds per quarter

new funds entering per quarter

Funds opening this position for the first time: 5 → 7 → 4 → 8. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.

🔒

53% of holders stayed for 2+ years

■ 53% conviction (2yr+) ■ 28% medium ■ 18% new

32 out of 60 hedge funds have held SBI for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

➡️

Steady discovery — ~8 new funds/quarter

8 → 5 → 7 → 4 → 8 new funds/Q

New funds entering each quarter: 5 → 7 → 4 → 8. Consistent flow of new institutional buyers without clear acceleration or slowdown.

🏛️

Deep conviction — 57% of holders stayed 2+ years

■ 57% veterans ■ 22% 1-2yr ■ 22% new

Of 60 current holders: 34 (57%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.

✅

Strong quality — 21% AUM from major funds

21% from top-100 AUM funds

9 of 60 holders rank in the top 100 by AUM, accounting for 21% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

3.4

out of 10

Low Exit Risk

Exit risk score 3.4/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Metric	All 13F Filers (2026 Q1)	Prior (2025 Q4)	Change
Funds Holding	59	55	7.27%
13F Shares	6M	6M	-0.04%
Total Value	$45M	$45M	-1.47%
New Positions	8	4	+4
Increased Positions	20	18	+2
Closed Positions	4	4	-
Reduced Positions	14	15	-1
Total Calls	0	0	-
Total Puts	0	0	-
PUT/CALL Ratio	0.0	0.0	Bullish

Metric

All 13F Filers (2026 Q1)

Prior (2025 Q4)

Change

Funds Holding

7.27%

13F Shares

-0.04%

Total Value

$45M

-1.47%

New Positions

Increased Positions

Closed Positions

Reduced Positions

-1

Total Calls

Total Puts

PUT/CALL Ratio

0.0

Bullish

Institutional Holders (2026 Q1)

59 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in SBI. Verified SEC 13F-HR filings.

QUARTER:

FILTER:All New Added To Reduced No Change | Overweight >5%

Top 25 SBI holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Robinson Capital Management, LLC	0.73%	227,014	$1.7M
2	Northwest Financial Advisors	0.69%	46,461	$357K
3	Carson Advisory Inc.	0.67%	168,597	$1.3M
4	Traub Capital Management LLC	0.66%	86,839	$667K
5	Rivernorth Capital Management, LLC	0.46%	1,187,933	$9.1M
6	Whipplewood Advisors, LLC	0.37%	91,874	$706K
7	1607 Capital Partners, LLC	0.24%	437,801	$3.4M
8	Melfa Wealth Management, INC.	0.20%	46,347	$356K
9	Concorde Asset Management, LLC	0.16%	42,005	$323K
10	Rock Point Advisors, LLC	0.14%	66,925	$514K
11	Closed-End Fund Advisors, Inc.	0.14%	17,477	$134K
12	Noble Wealth Management PBC	0.13%	34,423	$264K
13	Basepoint Wealth LLC	0.12%	28,084	$216K
14	Logan Stone Capital, LLC	0.09%	40,318	$310K
15	Castle Wealth Management LLC	0.08%	32,451	$249K
16	Summit Financial Wealth Advisors, LLC	0.05%	42,556	$327K
17	GatePass Capital, LLC	0.04%	10,000	$77K
18	Hennion & Walsh Asset Management, Inc.	0.02%	90,530	$695K
19	Whitebox Advisors LLC	0.02%	204,801	$1.6M
20	Blue Bell Private Wealth Management, LLC	0.02%	16,809	$129K
21	Guggenheim Capital LLC	0.02%	296,924	$2.3M
22	Whittier Trust Co of Nevada Inc	0.01%	81,546	$620K
23	Riverbridge Partners LLC	0.01%	48,234	$370K
24	Gill Capital Partners, LLC	0.01%	3,256	$25K
25	Bar Harbor Wealth Management	0.01%	15,110	$116K

Investor	Ownership History	% of Portfolio	Prev %	Rank	Conviction	Avg Buy Price	13F Score™ 3Y / 7Y	Sell Timing	Shares	Mkt Value	Change	Change %	Source	Quarter	Filed

Frequently Asked Questions — Western Asset Inter Muni (SBI)

What does the Smart Money Trend signal show for SBI?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added SBI than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for SBI?

More buyers than sellers — 61% buying: Last quarter: 28 funds were net buyers (8 opened a brand new position + 20 added to an existing one). Only 18 were sellers (15 trimmed + 3 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for SBI holders?

Strong quality — 21% AUM from major funds: 9 of 60 holders rank in the top 100 by AUM, accounting for 21% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held SBI?

53% of holders stayed for 2+ years: 32 out of 60 hedge funds have held SBI for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Western Asset Inter Muni (SBI) following the 2026 Q1 hedge fund 13F filings?

As of today, SBI has moved +1.0% since the 2026 Q1 13F filing date (May 15, 2026), compared to +5.8% for the XLF sector ETF — an outperformance of -4.8%. Since the quarter end (March 31, 2026), SBI has gained +1.8% vs +1232.4% for XLF. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

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Western Asset Inter Muni (SBI)

Smart Money Signals — SBI

Buying streak — 1 quarter in a row

At the ownership peak (98% of max)

Steady growth — +5% more funds vs a year ago

More buyers than sellers — 61% buying

Steady new buyers — ~8 new funds per quarter

53% of holders stayed for 2+ years

Steady discovery — ~8 new funds/quarter

Deep conviction — 57% of holders stayed 2+ years

Strong quality — 21% AUM from major funds

Institutional Sentiment Summary — SBI

Hedge Fund Ownership: SBI

Market Analysis: SBI

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: SBI

Is It Too Late to Buy Western Asset Inter Muni (SBI) Based on Hedge Fund 13F Filings?

Hedge Fund Positioning: SBI

Statistics: SBI

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q1)

Frequently Asked Questions — Western Asset Inter Muni (SBI)

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