# EDGAR Filing Document

**Accession Number:** 0000889512
**File Stem:** 0001193125-25-309410
**Filing Date:** 2025-12
**Character Count:** 16722
**Document Hash:** 6946919c274c0b1660d8e148dbae4c87
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-309410.hdr.sgml**: 20251205

**ACCESSION NUMBER**: 0001193125-25-309410

**CONFORMED SUBMISSION TYPE**: N-MFP3

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251130

**FILED AS OF DATE**: 20251205

**DATE AS OF CHANGE**: 20251205

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LEGG MASON PARTNERS INSTITUTIONAL TRUST
- **CENTRAL INDEX KEY:** 0000889512

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** N-MFP3
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06740
- **FILM NUMBER:** 251552480

**BUSINESS ADDRESS:**
- **STREET 1:** LEGG MASON & CO., LLC
- **STREET 2:** 620 EIGHTH AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10018
- **BUSINESS PHONE:** 1-877-721-1926

**MAIL ADDRESS:**
- **STREET 1:** LEGG MASON & CO., LLC
- **STREET 2:** 620 EIGHTH AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10018

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CITIFUNDS INSTITUTIONAL TRUST
- **DATE OF NAME CHANGE:** 19981030

## Series and Classes Contracts Data

### Western Asset Institutional Liquid Reserves (Series ID: S000008908)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000024235 | Institutional Shares | CILXX           |
| C000089731 | Investor Shares      | LLRXX           |

# Form N-MFP3: Monthly Schedule of Portfolio Holdings

## N-MFP: Filer Information
**Submission Type:** N-MFP3
**CIK:** 0000889512

### General Information

**Report for (YYYY-MM-DD):** 2025-11-30

**Registrant Full Name:** Legg Mason Partners Institutional Trust

**CIK Number of Registrant:** 0000889512

**LEI of Registrant:** 54930003LJE4ZPPMRV82

**Name of Series:** Western Asset Institutional Liquid Reserves

**LEI of Series:** 5493000JWV15U527D845

**EDGAR Series Identifier:** S000008908

**Total number of share classes in the series:** 2

**Is this the fund's final filing on Form N-MFP?:** No

**Has the fund acquired or merged with another fund?:** No

## Part A: Series-Level Information about the Fund

### Service Providers
| Role                          | Details                                                      | File/CIK Number   |
|:---|:---|:---|
| Investment Adviser            | Franklin Templeton Fund Adviser LLC                          | 801-66785         |
| Independent Public Accountant | PricewaterhouseCoopers LLP<br>City: Baltimore<br>State: MD   |  |
| Transfer Agent                | BNY Mellon Investment Servicing (US) Inc.<br>CIK: 0000849542 | 084-01761         |

### Fund Characteristics & Assets

- **Securities Act File Number:** 033-49552

- **Is this a Feeder Fund?:** Yes

- **Is this a Master Fund?:** No

- **Is this series for insurance company separate accounts?:** No

- **Money Market Fund Category:** Prime

- **Is this a Retail Money Market Fund?:** No

- **Is this a Government Money Market Fund?:** No

- **WAM:** 6 days

- **WAL:** 6 days

- **Total Value of Portfolio Securities:** $640120960.81

- **Amortized Cost of Portfolio Securities:** $0.00

- **Cash:** $0.00

- **Total Other Assets:** $61805.38

- **Total Liabilities:** $2150398.98

- **Net Assets of Series:** $638032367.21

- **Number of Shares Outstanding (Series):** 638063161.6130

- **Does the fund seek to maintain a stable price per share?:** No

- **Stable Price Per Share:** $0.00

- **Is cash management vehicle an affiliated fund?:** No

- **Does the fund apply liquidity fees?:** No

### Daily & Weekly Liquid Assets
| Date       | Daily Liquid Assets ($)   | Weekly Liquid Assets ($)   | Daily Liquid Assets (%)   | Weekly Liquid Assets (%)   |
|:---|:---|:---|:---|:---|
| 2025-11-03 | $8397364399.16            | $10234581336.91            | 70.2000%                  | 85.5600%                   |
| 2025-11-04 | $7548858883.18            | $8768717044.18             | 71.5800%                  | 83.1500%                   |
| 2025-11-05 | $6452542672.99            | $7222422499.99             | 71.6900%                  | 80.2500%                   |
| 2025-11-06 | $6165976166.52            | $7631518553.42             | 65.5300%                  | 81.1100%                   |
| 2025-11-07 | $6087448306.15            | $7588910999.95             | 64.8000%                  | 80.7800%                   |
| 2025-11-10 | $6472866874.09            | $7624639847.69             | 68.3200%                  | 80.4700%                   |
| 2025-11-11 | $0.00                     | $0.00                      | 0.0000%                   | 0.0000%                    |
| 2025-11-12 | $6321232416.27            | $6870164737.07             | 71.2800%                  | 77.4700%                   |
| 2025-11-13 | $5759418609.97            | $7207904419.17             | 62.5600%                  | 78.2900%                   |
| 2025-11-14 | $5632239275.67            | $7231656380.67             | 60.3500%                  | 77.4900%                   |
| 2025-11-17 | $6058159885.70            | $8032578513.20             | 61.1500%                  | 81.0800%                   |
| 2025-11-18 | $6019561142.09            | $7939082305.59             | 61.6200%                  | 81.2700%                   |
| 2025-11-19 | $5200928727.63            | $6020678793.13             | 66.2500%                  | 76.6900%                   |
| 2025-11-20 | $5396679871.20            | $6476416381.70             | 63.6300%                  | 76.3600%                   |
| 2025-11-21 | $5446814130.50            | $6325891698.73             | 63.6600%                  | 73.9300%                   |
| 2025-11-24 | $4340368368.69            | $5024528578.82             | 59.8300%                  | 69.2700%                   |
| 2025-11-25 | $4582990203.61            | $5182796971.11             | 62.6700%                  | 70.8700%                   |
| 2025-11-26 | $3997859424.18            | $5322349044.18             | 54.7400%                  | 72.8800%                   |
| 2025-11-28 | $4576121494.77            | $5875717544.77             | 58.6200%                  | 75.2600%                   |

### 7-Day Gross Yield
| Date       | 7-Day Gross Yield   |
|:---|:---|
| 2025-11-03 | 4.1500%             |
| 2025-11-04 | 4.1200%             |
| 2025-11-05 | 4.0800%             |
| 2025-11-06 | 4.0800%             |
| 2025-11-07 | 4.0200%             |
| 2025-11-10 | 4.0000%             |
| 2025-11-11 | 0.0000%             |
| 2025-11-12 | 4.0000%             |
| 2025-11-13 | 4.0100%             |
| 2025-11-14 | 4.0100%             |
| 2025-11-17 | 4.0200%             |
| 2025-11-18 | 4.0200%             |
| 2025-11-19 | 4.0100%             |
| 2025-11-20 | 4.0100%             |
| 2025-11-21 | 4.0100%             |
| 2025-11-24 | 4.0100%             |
| 2025-11-25 | 4.0100%             |
| 2025-11-26 | 4.0300%             |
| 2025-11-28 | 4.0600%             |

### Daily Net Asset Value per Share (Series)
| Date       | Net Asset Value per Share   |
|:---|:---|
| 2025-11-03 | 0.9999                      |
|  |  |
| 2025-11-04 | 0.9999                      |
|  |  |
| 2025-11-05 | 0.9999                      |
|  |  |
| 2025-11-06 | 1.0000                      |
|  |  |
| 2025-11-07 | 0.9999                      |
|  |  |
| 2025-11-10 | 0.9999                      |
|  |  |
| 2025-11-11 | 0.0000                      |
|  |  |
| 2025-11-12 | 0.9999                      |
|  |  |
| 2025-11-13 | 0.9999                      |
|  |  |
| 2025-11-14 | 0.9999                      |
|  |  |
| 2025-11-17 | 0.9999                      |
|  |  |
| 2025-11-18 | 0.9999                      |
|  |  |
| 2025-11-19 | 0.9999                      |
|  |  |
| 2025-11-20 | 0.9999                      |
|  |  |
| 2025-11-21 | 0.9999                      |
|  |  |
| 2025-11-24 | 0.9999                      |
|  |  |
| 2025-11-25 | 1.0000                      |
|  |  |
| 2025-11-26 | 1.0000                      |
|  |  |
| 2025-11-28 | 1.0000                      |
|  |  |

## Part B: Class-Level Information about the Fund

### Class: 0L

- **Minimum Initial Investment:** $1000000.00

- **Net Assets of Class:** $637390038.96

- **Number of Shares Outstanding:** 637420757.4680

- **Expense Reimbursement/Waiver:** 93439.96

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2025-11-03 | 0.9999          |
|  |  |
| 2025-11-04 | 0.9999          |
|  |  |
| 2025-11-05 | 0.9999          |
|  |  |
| 2025-11-06 | 1.0000          |
|  |  |
| 2025-11-07 | 0.9999          |
|  |  |
| 2025-11-10 | 0.9999          |
|  |  |
| 2025-11-11 | 0.0000          |
|  |  |
| 2025-11-12 | 0.9999          |
|  |  |
| 2025-11-13 | 0.9999          |
|  |  |
| 2025-11-14 | 0.9999          |
|  |  |
| 2025-11-17 | 0.9999          |
|  |  |
| 2025-11-18 | 0.9999          |
|  |  |
| 2025-11-19 | 0.9999          |
|  |  |
| 2025-11-20 | 0.9999          |
|  |  |
| 2025-11-21 | 0.9999          |
|  |  |
| 2025-11-24 | 0.9999          |
|  |  |
| 2025-11-25 | 1.0000          |
|  |  |
| 2025-11-26 | 1.0000          |
|  |  |
| 2025-11-28 | 1.0000          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2025-11-03 | $7455281.68               | $2032009.40             |
| 2025-11-04 | $1098852.46               | $3013216.54             |
| 2025-11-05 | $1314730.23               | $607257.86              |
| 2025-11-06 | $490974.30                | $804444.49              |
| 2025-11-07 | $3910928.83               | $1816167.47             |
| 2025-11-10 | $347294.00                | $6477021.14             |
| 2025-11-11 | $0.00                     | $0.00                   |
| 2025-11-12 | $1544635.00               | $1841104.83             |
| 2025-11-13 | $602400.00                | $13594224.54            |
| 2025-11-14 | $1795190.50               | $3976343.65             |
| 2025-11-17 | $4059230.19               | $4083851.05             |
| 2025-11-18 | $280974.35                | $12346991.00            |
| 2025-11-19 | $4668699.57               | $900762.57              |
| 2025-11-20 | $1481099.85               | $1684826.59             |
| 2025-11-21 | $512014.81                | $1435561.08             |
| 2025-11-24 | $8313300.00               | $4060150.73             |
| 2025-11-25 | $4346144.04               | $1611796.05             |
| 2025-11-26 | $1285435.18               | $3836194.37             |
| 2025-11-28 | $388345.11                | $161000.00              |

**Total Gross Subscriptions (Month):** $43895530.10

**Total Gross Redemptions (Month):** $64282923.36

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2025-11-03 | 3.9700%           |
| 2025-11-04 | 3.9400%           |
| 2025-11-05 | 3.9000%           |
| 2025-11-06 | 3.9000%           |
| 2025-11-07 | 3.8400%           |
| 2025-11-10 | 3.8200%           |
| 2025-11-11 | 0.0000%           |
| 2025-11-12 | 3.8200%           |
| 2025-11-13 | 3.8300%           |
| 2025-11-14 | 3.8300%           |
| 2025-11-17 | 3.8400%           |
| 2025-11-18 | 3.8400%           |
| 2025-11-19 | 3.8300%           |
| 2025-11-20 | 3.8300%           |
| 2025-11-21 | 3.8300%           |
| 2025-11-24 | 3.8300%           |
| 2025-11-25 | 3.8300%           |
| 2025-11-26 | 3.8500%           |
| 2025-11-28 | 3.8800%           |

**Beneficial/Record Owner Categories**
| Category                  | Other Category     | Record Owner %   | Beneficial Owner %   |
|:---|:---|:---|:---|
| Non-financial corporation |  | 27.0700%         | 0.0000%              |
| Broker-dealer             |  | 46.2300%         | 0.0000%              |
| Broker-dealer             |  | 7.8500%          | 0.0000%              |
| Other                     | IND FID AS TRUSTEE | 6.1500%          | 0.0000%              |

### Class: 0I

- **Minimum Initial Investment:** $1000000.00

- **Net Assets of Class:** $642328.25

- **Number of Shares Outstanding:** 642404.1450

- **Expense Reimbursement/Waiver:** 4474.27

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2025-11-03 | 0.9999          |
|  |  |
| 2025-11-04 | 0.9999          |
|  |  |
| 2025-11-05 | 0.9999          |
|  |  |
| 2025-11-06 | 0.9999          |
|  |  |
| 2025-11-07 | 0.9999          |
|  |  |
| 2025-11-10 | 0.9999          |
|  |  |
| 2025-11-11 | 0.0000          |
|  |  |
| 2025-11-12 | 0.9999          |
|  |  |
| 2025-11-13 | 0.9999          |
|  |  |
| 2025-11-14 | 0.9999          |
|  |  |
| 2025-11-17 | 0.9999          |
|  |  |
| 2025-11-18 | 0.9999          |
|  |  |
| 2025-11-19 | 0.9999          |
|  |  |
| 2025-11-20 | 0.9999          |
|  |  |
| 2025-11-21 | 0.9999          |
|  |  |
| 2025-11-24 | 0.9999          |
|  |  |
| 2025-11-25 | 0.9999          |
|  |  |
| 2025-11-26 | 0.9999          |
|  |  |
| 2025-11-28 | 0.9999          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2025-11-03 | $2166.47                  | $9.23                   |
| 2025-11-04 | $0.00                     | $0.00                   |
| 2025-11-05 | $0.00                     | $0.00                   |
| 2025-11-06 | $0.00                     | $0.00                   |
| 2025-11-07 | $0.00                     | $0.00                   |
| 2025-11-10 | $0.00                     | $0.00                   |
| 2025-11-11 | $0.00                     | $0.00                   |
| 2025-11-12 | $0.00                     | $0.00                   |
| 2025-11-13 | $0.00                     | $0.00                   |
| 2025-11-14 | $0.00                     | $0.00                   |
| 2025-11-17 | $0.00                     | $0.00                   |
| 2025-11-18 | $0.00                     | $0.00                   |
| 2025-11-19 | $0.00                     | $0.00                   |
| 2025-11-20 | $0.00                     | $0.00                   |
| 2025-11-21 | $0.00                     | $0.00                   |
| 2025-11-24 | $0.00                     | $0.00                   |
| 2025-11-25 | $0.00                     | $0.00                   |
| 2025-11-26 | $0.00                     | $0.00                   |
| 2025-11-28 | $0.00                     | $0.00                   |

**Total Gross Subscriptions (Month):** $2166.47

**Total Gross Redemptions (Month):** $9.23

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2025-11-03 | 3.9200%           |
| 2025-11-04 | 3.8900%           |
| 2025-11-05 | 3.8500%           |
| 2025-11-06 | 3.8400%           |
| 2025-11-07 | 3.7900%           |
| 2025-11-10 | 3.7700%           |
| 2025-11-11 | 0.0000%           |
| 2025-11-12 | 3.7700%           |
| 2025-11-13 | 3.7800%           |
| 2025-11-14 | 3.7800%           |
| 2025-11-17 | 3.7900%           |
| 2025-11-18 | 3.7800%           |
| 2025-11-19 | 3.7800%           |
| 2025-11-20 | 3.7800%           |
| 2025-11-21 | 3.7800%           |
| 2025-11-24 | 3.7800%           |
| 2025-11-25 | 3.7800%           |
| 2025-11-26 | 3.7900%           |
| 2025-11-28 | 3.8300%           |

**Beneficial/Record Owner Categories**
| Category      | Other Category   | Record Owner %   | Beneficial Owner %   |
|:---|:---|:---|:---|
| Broker-dealer |  | 100.0000%        | 0.0000%              |

## Part C: Schedule of Portfolio Securities

### Security 1: Liquid Reserves Portfolio

- **C.1 - Title:** Liquid Reserves Portfolio
- **C.6 - Investment Category:** Investment Company
- **Identifiers:** C.3 - CUSIP: NA, C.3 - LEI: N/A, C.5 - Other ID: LMLIQUIDRESERVE
- **C.18 - Value (incl. sponsor support):** $640120960.81
- **C.18.a - Value (excl. sponsor support):** $640120960.81
- **C.19 - Percentage of Net Assets:** 100.0000%
- **C.17 - Yield as of Reporting Date:** 0.0000%
- **C.11 - Maturity Date (WAM):** 2025-12-01
- **C.12 - Maturity Date (WAL):** 2025-12-01
- **C.13 - Final Legal Maturity Date:** 2025-12-01
- **C.10 - Ratings:** Fitch, Inc.: NR; Moody's Investors Service, Inc.: NR; Standard and Poor's Ratings Services: NR
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

## N-MFP: Signatures

**Registrant:** Legg Mason Partners Institutional Trust

**Date:** 2025-12-05

**By:** /s/Christopher Berarducci

**Name of Signing Officer:** Christopher Berarducci

**Title of Signing Officer:** Principal Financial Officer