Vault-13

WESTERN ASSET INTER MUNI FD SBI

COM · Closed-End Fund · CUSIP 958435109

55 institutional holders -2 vs Q3 2025
5,893,7685.9m shares reported held*
$45.3mreported value*
2 new 18 added 16 reduced 5 sold out net sold ≈ $383.3k (-49.9k shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $7.68.

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 64Q4 22: 61Q1 23: 65Q2 23: 61Q3 23: 68Q4 23: 61Q1 24: 58Q2 24: 59Q3 24: 59Q4 24: 59Q1 25: 61Q2 25: 58Q3 25: 57Q4 25: 5555Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 202264
Q4 202261
Q1 202365
Q2 202361
Q3 202368
Q4 202361
Q1 202458
Q2 202459
Q3 202459
Q4 202459
Q1 202561
Q2 202558
Q3 202557
Q4 202555

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
40040Q1 24: 20 bought or addedQ1 24: 35 cut or sold outQ2 24: 15 bought or addedQ2 24: 31 cut or sold outQ2 24Q3 24: 26 bought or addedQ3 24: 25 cut or sold outQ4 24: 17 bought or addedQ4 24: 30 cut or sold outQ4 24Q1 25: 25 bought or addedQ1 25: 23 cut or sold outQ2 25: 17 bought or addedQ2 25: 27 cut or sold outQ2 25Q3 25: 20 bought or addedQ3 25: 21 cut or sold outQ4 25: 20 bought or addedQ4 25: 21 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20242035
Q2 20241531
Q3 20242625
Q4 20241730
Q1 20252523
Q2 20251727
Q3 20252021
Q4 20252021

Biggest buyers

WELLS FARGO & COMPANY/MN Added +65,251+65.3k
Logan Stone Capital, LLC Added +39,790+39.8k
MORGAN STANLEY Added +38,788+38.8k
Invesco Ltd. Added +34,631+34.6k
Northwest Financial Advisors Added +30,370+30.4k
WOLVERINE ASSET MANAGEMENT LLC New +25,480+25.5k
LPL Financial LLC Added +20,265+20.3k
Cambridge Investment Research Advisors, Inc. New +14,861+14.9k
OSAIC HOLDINGS, INC. Added +10,576+10.6k
UBS Group AG Added +8,822+8.8k

Biggest sellers

1607 Capital Partners, LLC Reduced -82,096-82.1k
Pathstone Holdings, LLC Reduced -64,923-64.9k
RIVERNORTH CAPITAL MANAGEMENT, LLC Reduced -36,047-36.0k
Tortoise Investment Management, LLC Sold out -24,475-24.5k
Ashton Thomas Private Wealth, LLC Sold out -22,463-22.5k
Aquire Wealth Advisors, LLC Sold out -19,660-19.7k
GUGGENHEIM CAPITAL LLC Reduced -15,883-15.9k
WHITTIER TRUST CO OF NEVADA INC Reduced -15,668-15.7k
COMMONWEALTH EQUITY SERVICES, LLC Reduced -14,677-14.7k
Carson Advisory Inc. Reduced -13,600-13.6k

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
RIVERNORTH CAPITAL MANAGEMENT, LLC 13G · institution -1.3 pts · filed 2025-11-14 8.6% -1.3 pts 1.2m≈ $9.6m 2025-11-14

Insider purchases and sales in Q4 2025

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

None reported in Q4 2025.

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 RIVERNORTH CAPITAL MANAGEMENT, LLC 0.43% of their portfolio WEST PALM BEACH, FL 1,180,5371.2m $9.1m $9.1m 0.43% Reduced -36.0k -36,047
2 1607 Capital Partners, LLC 0.23% of their portfolio Richmond, VA 437,801437.8k $3.4m $3.4m 0.23% Reduced -82.1k -82,096
3 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 399,208399.2k $3.1m $3.1m 0.00% Added +65.3k +65,251
4 GUGGENHEIM CAPITAL LLC 0.02% of their portfolio CHICAGO, IL 305,465305.5k $2.3m $2.3m 0.02% Reduced -15.9k -15,883
5 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 301,003301.0k $2.3m $2.3m 0.00% Added +34.6k +34,631
6 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 298,824298.8k $2.3m $2.3m 0.00% Added +38.8k +38,788
7 WHITEBOX ADVISORS LLC 0.03% of their portfolio MINNEAPOLIS, MN 204,801204.8k $1.6m $1.6m 0.03% Unchanged
8 ROBINSON CAPITAL MANAGEMENT, LLC 0.63% of their portfolio GROSSE POINTE FARMS, MI 196,578196.6k $1.5m $1.5m 0.63% Added +2.1k +2,074
9 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 190,855190.9k $1.5m $1.5m 0.00% Added +20.3k +20,265
10 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 188,362188.4k $1.4m $1.4m 0.00% Reduced -14.7k -14,677
11 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 187,459187.5k $1.4m $1.4m 0.00% Reduced -2.2k -2,210
12 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 177,428177.4k $1.4m $1.4m 0.00% Added +2.6k +2,643
13 Allspring Global Investments Holdings, LLC 0.00% of their portfolio CHARLOTTE, NC 172,051172.1k $1.3m $1.3m 0.00% Unchanged
14 Carson Advisory Inc. 0.68% of their portfolio ATHENS, GA 170,597170.6k $1.3m $1.3m 0.68% Reduced -13.6k -13,600
15 Traub Capital Management LLC 0.70% of their portfolio NEEDHAM, MA 94,79194.8k $728.0k $728.0k 0.70% Reduced -9.8k -9,788
16 Whipplewood Advisors, LLC 0.45% of their portfolio LITTLETON, CO 91,08791.1k $699.5k $699.5k 0.45% Added +1.7k +1,663
17 Pathstone Holdings, LLC 0.00% of their portfolio ENGLEWOOD, NJ 86,97387.0k $668.0k $668.0k 0.00% Reduced -64.9k -64,923
18 UBS Group AG 0.00% of their portfolio ZURICH, V8 86,26186.3k $662.5k $662.5k 0.00% Added +8.8k +8,822
19 WHITTIER TRUST CO OF NEVADA INC 0.01% of their portfolio RENO, NV 81,24281.2k $628.8k $628.8k 0.01% Reduced -15.7k -15,668
20 Rock Point Advisors, LLC 0.14% of their portfolio BURLINGTON, VT 70,92570.9k $544.7k $544.7k 0.14% Added +7.0k +7,000
21 Waverly Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 64,52564.5k $495.5k $495.5k 0.00% Reduced -7.5k -7,471
22 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 62,78162.8k $482.0k $482.0k 0.00% Added +2.2k +2,165
23 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 61,04661.0k $468.8k $468.8k 0.00% Reduced -12.6k -12,643
24 Concorde Asset Management, LLC 0.17% of their portfolio ANN ARBOR, MI 56,17856.2k $431.5k $431.5k 0.17% Added +4.9k +4,887
25 Logan Stone Capital, LLC 0.10% of their portfolio CHICAGO, IL 54,68554.7k $420.0k $420.0k 0.10% Added +39.8k +39,790
26 KEMPNER CAPITAL MANAGEMENT INC. 0.35% of their portfolio GALVESTON, TX 47,80047.8k $371.0k $371.0k 0.35% Unchanged
27 Summit Financial Wealth Advisors, LLC 0.05% of their portfolio Lafayette, LA 46,55646.6k $357.6k $357.6k 0.05% Unchanged
28 MELFA WEALTH MANAGEMENT, INC. 0.21% of their portfolio WESTBOROUGH, MA 46,34746.3k $355.9k $355.9k 0.21% Unchanged
29 Northwest Financial Advisors 0.69% of their portfolio HERNDON, VA 43,87043.9k $336.9k $336.9k 0.69% Added +30.4k +30,370
30 WHITTIER TRUST CO 0.00% of their portfolio SOUTH PASADENA, CA 41,34341.3k $320.0k $320.0k 0.00% Reduced -1.6k -1,577
31 RIVERBRIDGE PARTNERS LLC 0.01% of their portfolio MINNEAPOLIS, MN 40,87140.9k $313.9k $313.9k 0.01% Reduced -162 -162
32 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 35,56535.6k $273.1k $273.1k 0.00% Added +10.6k +10,576
33 Noble Wealth Management PBC 0.13% of their portfolio GREENWOOD VILLAGE, CO 34,49134.5k $264.9k $264.9k 0.13% Reduced -5.8k -5,850
34 CASTLE WEALTH MANAGEMENT LLC 0.08% of their portfolio BOYNTON BEACH, FL 32,45132.5k $249.2k $249.2k 0.08% Unchanged
35 Basepoint Wealth LLC 0.13% of their portfolio CEDAR RAPIDS, IA 27,63427.6k $212.2k $212.2k 0.13% Reduced -907 -907
36 WOLVERINE ASSET MANAGEMENT LLC 0.00% of their portfolio CHICAGO, IL 25,48025.5k $195.7k $195.7k 0.00% New
37 STEPHENS INC /AR/ 0.00% of their portfolio LITTLE ROCK, AR 24,80024.8k $190.5k $190.5k 0.00% Unchanged
38 IHT Wealth Management, LLC 0.00% of their portfolio Chicago, IL 23,80123.8k $182.8k $182.8k 0.00% Added +2.1k +2,103
39 SIT INVESTMENT ASSOCIATES INC 0.00% of their portfolio Minneapolis, MN 21,20021.2k $163.0k $163.0k 0.00% Unchanged
40 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 19,85019.9k $152.0k $152.0k 0.00% Added +2.2k +2,200
41 Mariner, LLC 0.00% of their portfolio Overland Park, KS 19,61819.6k $150.7k $150.7k 0.00% Unchanged
42 Closed-End Fund Advisors, Inc. 0.08% of their portfolio RICHMOND, VA 17,47717.5k $134.2k $134.2k 0.08% First filing
43 BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.02% of their portfolio BLUE BELL, PA 16,80916.8k $129.1k $129.1k 0.02% Unchanged
44 BAR HARBOR WEALTH MANAGEMENT 0.01% of their portfolio CONCORD, NH 15,11015.1k $116.0k $116.0k 0.01% Unchanged
45 GatePass Capital, LLC 0.06% of their portfolio INDEPENDENCE, OH 15,00015.0k $115.2k $115.2k 0.06% Unchanged
46 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 14,86114.9k $114.0k $114.0k 0.00% New
47 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 14,65314.7k $112.5k $112.5k 0.00% Reduced -4.7k -4,713
48 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 13,67813.7k $105.0k $105.0k 0.00% Added +2.1k +2,125
49 ROTHSCHILD INVESTMENT LLC 0.01% of their portfolio CHICAGO, IL 12,50012.5k $96.0k $96.0k 0.01% Unchanged
50 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 10,19710.2k $78.3k $78.3k 0.00% Unchanged
51 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 7,8657.9k $60.4k $60.4k 0.00% Unchanged
52 HIGHLINE WEALTH PARTNERS LLC 0.00% of their portfolio SHERMAN OAKS, CA 1,0001.0k $7.7k $7.7k 0.00% Unchanged
53 MAI Capital Management 0.00% of their portfolio INDEPENDENCE, OH 665665 $5.1k $5.1k 0.00% Added +15 +15
54 SOA Wealth Advisors, LLC. 0.00% of their portfolio NEW YORK, NY 483483 $3.7k $3.7k 0.00% Unchanged
55 Spire Wealth Management 0.00% of their portfolio MCLEAN, VA 330330 $2.5k $2.5k 0.00% Unchanged