LMSMX
Western Asset SMASh Series M Fund
Legg Mason Partners Institutional Trust

Portfolio moves

Net position changes between two of this fund's N-PORT snapshots. These are differences between point-in-time reports — not a trade log — and share counts can be affected by splits and other corporate actions.

Nov 28, 2025 → Feb 27, 2026

Expand a category to see the positions behind it, ranked by weight.

Security Shares Nov 2025 Shares Feb 2026 Δ shares End % Δ value
Uniform Mortgage-Backed Security, TBA 0 31,900,000 31,900,000 5.21% $28.85M
GNMA II TBA 30 YR 3 JUMBOS 0 29,200,000 29,200,000 4.83% $26.79M
Ginnie Mae 0 26,200,000 26,200,000 4.67% $25.90M
GNII II 5.5% 03/01/2056 #TBA 0 18,000,000 18,000,000 3.29% $18.23M
Ginnie Mae 0 17,000,000 17,000,000 2.95% $16.36M
GNMA TBA 0 15,000,000 15,000,000 2.29% $12.71M
Uniform Mortgage-Backed Security, TBA 0 15,000,000 15,000,000 2.24% $12.43M
GNMA II TBA 30 YR 3.5 JUMBOS 0 10,800,000 10,800,000 1.83% $10.14M
STACR 2026-DNA1 M2 0 6,610,000 6,610,000 1.20% $6.65M
Uniform Mortgage-Backed Security, TBA 0 6,800,000 6,800,000 1.06% $5.89M
Uniform Mortgage-Backed Security, TBA 0 6,000,000 6,000,000 1.05% $5.83M
Uniform Mortgage-Backed Security, TBA 0 5,500,000 5,500,000 0.98% $5.44M
Bayswater Park CLO Ltd., Series 2023-1A, Class A1R 0 5,230,000 5,230,000 0.94% $5.23M
Uniform Mortgage-Backed Security, TBA 0 4,400,000 4,400,000 0.75% $4.15M
G2SF 5 3/25 0 2,300,000 2,300,000 0.42% $2.31M
Government National Mortgage Association, TBA 0 1,000,000 1,000,000 0.16% $882.62K
Government National Mortgage Association 0 13,624,966 13,624,966 0.15% $830.90K
5-Year T-Note Futures, Jun-2026,ETH 0 429 429 0.03% $192.14K
10-Year T-Note Futures, Jun-2026,ETH 0 113 113 0.02% $85.24K
2-Year T-Note Futures, Jun-2026,ETH 0 1 1 0.00% $334
30 YEAR US TREASURY BOND FUTURE MAR26 0 -5 -5 0.00% -$4.23K
Ultra 10-Year U.S. Treasury Note Futures, Jun-2026,ETH 0 -19 -19 0.00% -$22.65K
ULTRA LONG TERM US TREASURY BOND FUTURE SEP24 0 -400 -400 -0.14% -$756.94K
Security Shares Nov 2025 Shares Feb 2026 Δ shares End % Δ value
FNCL 6 1/26 31,300,000 0 -31,300,000 0.00% -$32.04M
FNCL 5.5 1/26 31,200,000 0 -31,200,000 0.00% -$31.57M
G2SF 4.5 1/26 26,200,000 0 -26,200,000 0.00% -$25.61M
G2SF 5.5 1/25 18,000,000 0 -18,000,000 0.00% -$18.16M
FNCL 3 1/26 18,800,000 0 -18,800,000 0.00% -$16.70M
G2SF 4 1/26 17,000,000 0 -17,000,000 0.00% -$16.12M
G2SF 6 1/25 15,000,000 0 -15,000,000 0.00% -$15.30M
G2SF 6.5 1/24 10,400,000 0 -10,400,000 0.00% -$10.71M
FNCL 3.5 1/26 10,800,000 0 -10,800,000 0.00% -$9.99M
BX 2021-VOLT A 8,787,271 0 -8,787,271 0.00% -$8.78M
BX 2021-ARIA A 8,415,000 0 -8,415,000 0.00% -$8.41M
FNCL 4 1/26 6,000,000 0 -6,000,000 0.00% -$5.71M
ZSCALER INC CFD 4,000,000 0 -4,000,000 0.00% -$4.00M
CSMC TR 2014-USA 3.953% 09/15/2037 144A 3,290,000 0 -3,290,000 0.00% -$3.05M
FNCL 5 1/26 2,300,000 0 -2,300,000 0.00% -$2.29M
US TREASURY N/B 2,020,000 0 -2,020,000 0.00% -$2.02M
BRSP Ltd., Series 2021-FL1, Class A 2,003,791 0 -2,003,791 0.00% -$2.00M
FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH CERTIFI SER K118 CL X1 V/R 0.94941500 27,030,226 0 -27,030,226 0.00% -$1.03M
Government National Mortgage Association, TBA 1,000,000 0 -1,000,000 0.00% -$868.20K
FNCL 2 1/26 800,000 0 -800,000 0.00% -$651.27K
FNCL 4.5 1/26 300,000 0 -300,000 0.00% -$293.47K
Government National Mortgage Association 1,059,682 0 -1,059,682 0.00% -$137.67K
Fannie Mae REMICS 204,058 0 -204,058 0.00% -$25.13K
Fannie Mae REMICS 4,749 0 -4,749 0.00% -$4.37K
Uniform Mortgage-Backed Security, TBA 0 0 0 0.00% $0
FNCL 4 12/22 0 0 0 0.00% $0
FNCL 3.5 12/22 0 0 0 0.00% $0
Government National Mortgage Association, TBA 0 0 0 0.00% $0
FNCL 4.5 12/23 0 0 0 0.00% $0
FNCL 3 12/22 0 0 0 0.00% $0
FNCL 5.5 12/24 0 0 0 0.00% $0
Government National Mortgage Association, TBA 0 0 0 0.00% $0
FNCL 6 12/24 0 0 0 0.00% $0
Uniform Mortgage-Backed Security, TBA 0 0 0 0.00% $0
Government National Mortgage Association, TBA 0 0 0 0.00% $0
WHEAT (CBT) 420 0 -420 0.00% $187.00K

No positions in this category.

Security Shares Nov 2025 Shares Feb 2026 Δ shares End % Δ value
US TREASURY N/B 50,390,000 49,540,000 -850,000 9.11% -$627.00K
GNMA II, 30 Year 20,810,212 20,326,008 -484,204 3.52% $48.43K
PRKCM 2021-AFC1 TRUST PRKCM 2021-AFC1 A1 12,779,678 12,299,036 -480,642 1.95% -$114.55K
FNA 2019-M22 A2 11,302,230 10,310,070 -992,161 1.79% -$880.15K
JPMBB 2015-C30 AS 10,180,399 9,765,656 -414,743 1.73% -$346.26K
SMB Private Education Loan Trust, Series 2024-A, Class A1A 9,563,082 9,062,182 -500,900 1.69% -$402.60K
CSMC 2017-RPL3 Trust 9,092,076 8,915,724 -176,352 1.56% -$125.94K
CSMC 2017-RPL3 Trust 8,972,245 8,761,531 -210,714 1.56% -$163.41K
NRZT 2019-2A A1 144A FRN 12-25-57 8,510,689 8,150,921 -359,768 1.47% -$272.90K
Ginnie Mae I Pool 8,296,792 8,008,792 -288,000 1.36% -$144.65K
Ginnie Mae I Pool 7,138,843 6,858,737 -280,106 1.15% -$151.62K
THRUST ENGINE LEASING 2021 DAC SER 2021-1A CL A REGD 144A P/P 4.16300000 6,437,800 6,382,826 -54,973 1.14% -$31.95K
GS MORTGAGE-BACKED SECURITIES TRUST 2018-RPL1 GSMBS 2018-RPL1 A1A 6,675,748 6,301,865 -373,883 1.12% -$338.08K
FNMA Connecticut Avenue Securities Trust, Series 2021-R01, Class 1M2 6,221,070 5,382,132 -838,938 0.98% -$827.05K
Goodgreen Trust, Series 2021-1A, Class A 6,019,308 5,918,632 -100,675 0.93% $133.27K
Ginnie Mae I Pool 5,309,280 5,227,859 -81,421 0.89% $5.90K
CSMC Trust, Series 2021-RPL4, Class A1 4,960,655 4,822,384 -138,270 0.87% -$134.06K
Freddie Mac STACR REMIC Trust 2021-DNA2 4,763,044 4,452,075 -310,969 0.82% -$308.86K
Fannie Mae Pool 4,338,782 4,316,408 -22,374 0.73% $37.53K
Freddie Mac Multifamily Structured Pass Through Certificates 40,216,249 40,183,260 -32,989 0.65% -$75.00K
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNR 2021-5 IO 40,302,550 38,903,796 -1,398,754 0.57% -$132.36K
Freddie Mac Multifamily Structured Pass Through Certificates 29,376,372 29,329,468 -46,904 0.56% -$63.39K
GINNIE MAE I POOL GN 784571 2,779,631 2,713,606 -66,024 0.47% -$7.13K
Sunrun Vulcan Issuer LLC, Series 2021-1A, Class A 2,767,389 2,667,695 -99,694 0.45% -$41.70K
WAMU MORTGAGE PASS THROUGH CER WAMU 2004 AR13 A1B2 2,606,511 2,527,387 -79,124 0.45% -$70.07K
GN AB9108 2,628,629 2,537,918 -90,712 0.43% -$45.38K
NRZT 2016-4A A1 2,196,664 2,115,238 -81,426 0.37% -$55.22K
Freddie Mac Multifamily Structured Pass Through Certificates 53,180,125 52,906,134 -273,992 0.36% -$94.73K
SMB Private Education Loan Trust, Series 2023-B, Class A1B 2,008,057 1,908,727 -99,331 0.35% -$101.65K
CSMC Trust, Series 2017-RPL1, Class A1 2,160,734 1,956,098 -204,636 0.35% -$194.55K
Fannie Mae-Aces 35,074,659 28,130,675 -6,943,984 0.32% -$100.47K
FANNIE MAE POOL FN BF0301 1,559,858 1,486,780 -73,078 0.27% -$56.37K
Navient Student Loan Trust 4.58867 12/26/2069 1,513,067 1,468,197 -44,870 0.26% -$59.18K
CWABS Inc Asset-Backed Certificates Trust 2004-5 1,366,473 1,329,330 -37,143 0.24% -$31.40K
Ginnie Mae I Pool 1,343,369 1,311,857 -31,512 0.22% -$9.30K
FNMA, Other 1,379,319 1,349,973 -29,345 0.21% -$2.72K
GINNIE MAE II POOL G2 BM9743 1,266,217 1,173,761 -92,456 0.21% -$71.92K
FNMA, Other 1,189,914 1,164,034 -25,880 0.20% -$1.85K
KREF Ltd., Series 2021-FL2, Class A 2,122,615 1,079,743 -1,042,872 0.20% -$1.04M
GOVERNMENT NATIONAL MORTGAGE CORPORATION 952,585 927,797 -24,788 0.17% -$14.48K
Blackbird Capital Aircraft Lease Securitization Ltd., Series 2016-1A, Class A 3,831,859 821,554 -3,010,305 0.15% -$3.01M
GNMA II POOL 786366 G2 08/52 FIXED 4.5 788,799 765,667 -23,132 0.14% -$14.56K
GINNIE MAE II POOL G2 786835 731,925 710,407 -21,519 0.13% -$19.74K
HOMEBANC MORTGAGE TRUST HMBT 2004 2 A1 763,431 724,856 -38,574 0.13% -$34.97K
Freddie Mac Multifamily Structured Pass Through Certificates 18,173,519 18,088,849 -84,669 0.11% -$31.84K
MF1 MULTIFAMILY HOUSING MORTGA MF1 2021 FL7 A 144A 900,430 608,658 -291,773 0.11% -$291.96K
G2 783298 527,080 509,597 -17,483 0.09% -$15.74K
FNMA ACES, Series 2019-M19, Class X2 31,139,691 31,050,485 -89,206 0.09% -$34.97K
Renaissance Home Equity Loan Trust 2007-3 559,909 537,557 -22,352 0.08% -$17.31K
GINNIE MAE II POOL G2 BS8420 467,285 449,521 -17,764 0.08% -$10.56K
FNMA ACES, Series 2020-M4, Class 1X3 27,793,616 27,696,088 -97,528 0.08% -$64.08K
GINNIE MAE II POOL G2 786340 381,699 371,334 -10,365 0.07% -$8.59K
GNMA II, 30 Year 410,170 383,350 -26,820 0.07% -$20.26K
Ginnie Mae II Pool 367,635 364,600 -3,035 0.06% $2.13K
GINNIE MAE I POOL GN BS8439 394,654 356,259 -38,396 0.06% -$27.82K
CHEVY CHASE MORTGAGE FUNDING C CCMFC 2003 4A A1 144A 387,839 330,434 -57,405 0.06% -$55.60K
Freddie Mac Multifamily Structured Pass Through Certificates 34,342,957 34,259,913 -83,044 0.06% -$58.32K
GINNIE MAE II POOL G2 784905 316,211 310,315 -5,896 0.05% $1.01K
GMAC MORTGAGE CORPORATION LOAN GMACM 2006 AR1 1A1 290,837 290,007 -830 0.04% -$694
BFAT 2007-SR1A M2 246,178 237,895 -8,283 0.04% -$7.81K
RESIDENTIAL ACCREDIT LOANS, IN RALI 2006 QO7 3A2 212,312 210,331 -1,980 0.04% -$641
FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH CERTIFI SER K064 CL X1 V/R 0.72246700 45,238,960 44,952,852 -286,107 0.04% -$58.26K
Ginnie Mae II Pool 215,767 214,036 -1,731 0.04% $1.38K
Ginnie Mae II Pool 179,081 173,544 -5,537 0.03% -$1.26K
GINNIE MAE II POOL G2 786823 162,066 155,382 -6,684 0.03% -$6.41K
RAAC SERIES RAAC 2006 SP1 M1 165,176 158,895 -6,281 0.03% -$5.89K
FNMA ACES, Series 2019-M28, Class XA3 9,222,838 9,175,056 -47,782 0.03% -$12.09K
Freddie Mac Multifamily Structured Pass-Through Ctfs., Series K093, Class X1, IO 5,478,138 5,459,310 -18,829 0.02% -$10.94K
COUNTRYWIDE ALTERNATIVE LOAN T CWALT 2005 24 1A1 147,412 136,972 -10,440 0.02% -$9.46K
Ginnie Mae II Pool 131,644 130,856 -789 0.02% $1.10K
FNMA ACES, Series 2020-M36, Class X1 2,280,690 2,272,680 -8,010 0.02% -$4.63K
MLMI 2006-A1 1A1 224,819 224,651 -168 0.02% -$540
Fannie Mae Pool 127,231 123,970 -3,261 0.02% -$1.46K
GINNIE MAE II POOL G2 784825 123,766 122,983 -783 0.02% $1.99K
Ginnie Mae II Pool 118,854 110,849 -8,004 0.02% -$5.95K
Renaissance Home Equity Loan Trust 2007-3 127,885 122,780 -5,105 0.02% -$3.96K
Alternative Loan Trust 2005-57CB 190,640 188,632 -2,008 0.02% -$2.48K
Government National Mortgage Association 41,264,706 36,652,974 -4,611,732 0.02% -$25.22K
Ginnie Mae II Pool 84,952 84,459 -493 0.01% $724
Origen Manufactured Housing Contract Trust 2007-A 85,574 73,975 -11,599 0.01% -$10.96K
Structured Asset Mortgage Investments II Trust 2005-AR7 69,427 68,767 -659 0.01% -$237
Fannie Mae REMICS 361,271 355,120 -6,150 0.01% -$2.23K
FNMA ACES, Series 2020-M4, Class 1X2 5,117,975 5,100,016 -17,959 0.01% -$8.62K
FNMA ACES, Series 2020-M26, Class X3 7,836,129 7,790,959 -45,170 0.01% -$32.48K
Government National Mortgage Association 313,576 306,084 -7,492 0.01% -$1.44K
Fannie Mae Pool 51,754 51,255 -499 0.01% -$294
Government National Mortgage Association 367,909 352,813 -15,096 0.01% -$4.14K
Ginnie Mae I Pool 50,550 50,260 -290 0.01% $349
Fannie Mae Pool 46,552 45,668 -884 0.01% -$697
GINNIE MAE II POOL G2 783368 47,235 46,008 -1,228 0.01% -$1.07K
Government National Mortgage Association 7,333,096 6,529,395 -803,700 0.01% -$7.25K
STRUCTURED ASSET SECURITIES CO SASC 2003 9A 2A2 40,258 37,438 -2,820 0.01% -$2.63K
MASTR Adjustable Rate Mortgages Trust 2005-7 55,527 55,488 -38 0.01% $1
FNMA ACES, Series 2019-M28, Class XA2 5,129,403 5,102,828 -26,575 0.01% -$2.46K
Government National Mortgage Association 570,531 567,001 -3,529 0.00% -$324
UMBS 17,633 17,340 -293 0.00% -$310
Fannie Mae Pool 15,670 15,012 -658 0.00% -$685
Ginnie Mae II Pool 12,967 12,858 -110 0.00% $182
Fannie Mae Pool 8,570 8,400 -170 0.00% -$180
Fannie Mae Pool 8,714 8,507 -207 0.00% -$172
Government National Mortgage Association 12,926,167 12,820,549 -105,618 0.00% -$640
FNMA 5.00% 5/41 #AI1863 6,394 6,138 -256 0.00% -$267
STRUCTURED ASSET SECURITIES CO SASC 2001 SB1 A2 3,007 2,423 -584 0.00% -$582
Fannie Mae REMICS 100,414 80,541 -19,873 0.00% -$553
RFSC Series 2002-RP2 Trust 1,024 988 -36 0.00% -$34
Security Shares Nov 2025 Shares Feb 2026 Δ shares End % Δ value
US TREASURY N/B 21,890,000 21,890,000 0 4.02% $50.45K
BX Mortgage Trust, Series 2021-PAC, Class A 11,580,000 11,580,000 0 2.09% -$754
Apidos Loan Fund Ltd., Series 2024-1A, Class A1R 9,600,000 9,600,000 0 1.74% $1.36K
CSMC SERIES 2019 UVIL 10,000,000 10,000,000 0 1.73% $121.41K
MADISON AVENUE TRUST MAD 2025 11MD A 144A 7,300,000 7,300,000 0 1.34% $73.02K
Towd Point Mortgage Trust 2020-2 8,740,000 8,740,000 0 1.30% $159.29K
Benchmark 2020-B21 Mortgage Trust 8,020,000 8,020,000 0 1.24% $82.45K
Galaxy 36 CLO Ltd 6,200,000 6,200,000 0 1.12% $4.83K
Park Blue CLO Ltd., Series 2025-8A, Class A1 6,100,000 6,100,000 0 1.10% $1.20K
Antares CLO Ltd., Series 2018-1A, Class A1R 5,190,000 5,190,000 0 0.94% $6.44K
Warwick Capital CLO 7 Ltd., Series 2025-7A, Class A1 4,960,000 4,960,000 0 0.90% $10.15K
Trust (The), Series 2023-MIC, Class A 3,470,000 3,470,000 0 0.68% -$4.11K
Empower CLO Ltd., Series 2023-2A, Class AR 3,320,000 3,320,000 0 0.60% $6.81K
SREIT Trust 2021-PALM 2,930,000 2,930,000 0 0.53% $6.13K
FANNIE MAE-ACES FNA 2018-M15 1A2 3,000,000 3,000,000 0 0.52% $18.19K
ZOOM COMMUNICATIONS INC 1 1 0 0.50% -$400.91K
GS Mortgage Securities Corp Trust 2021-ROSS 2,894,000 2,894,000 0 0.47% $48.42K
SMB Private Education Loan Trust, Series 2021-C, Class D 2,081,212 2,081,212 0 0.35% $1.06K
Abry Liquid Credit CLO 2025-1 Ltd 1,720,000 1,720,000 0 0.31% -$6.01K
GS Mortgage Securities Trust 2018-GS9 1,725,000 1,725,000 0 0.29% $4.78K
Apex Credit CLO LLC, Series 2021-2A, Class A1AR 920,000 920,000 0 0.17% $1.35K
Greystone CRE Notes Ltd., Series 2021-FL3, Class A 306,403 306,403 0 0.06% $6
Freddie Mac Multiclass Certificates Series 2020-RR07 6,000,000 6,000,000 0 0.05% -$31.24K
Fannie Mae-Aces 74,520,000 74,520,000 0 0.05% -$8.91K

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