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Franklin Income Focus ETF
INCM

95 hedge funds and large institutions have $569M invested in Franklin Income Focus ETF in 2025 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 55 increasing their positions, 17 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

224% more repeat investments, than reductions

Existing positions increased: 55 | Existing positions reduced: 17

220% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 5

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

29% more capital invested

Capital invested by funds: $440M → $569M (+$129M)

13% more funds holding

Funds holding: 84 → 95 (+11)

0.14% more ownership

Funds ownership: 52.39% → 52.53% (+0.14%)

Holders
95
Holders Change
+11
Holders Change %
+13.1%
% of All Funds
1.16%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.04%
New
16
Increased
55
Reduced
17
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Bank of America
Bank of America
North Carolina
+$30.6M
2
LPL Financial
LPL Financial
California
+$30.6M
3
Wells Fargo
Wells Fargo
California
+$10.5M
4
Morgan Stanley
Morgan Stanley
New York
+$9.93M
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$9.7M

Top Sellers

1
Jane Street
Jane Street
New York
-$1.66M
2
Osaic Holdings
Osaic Holdings
Arizona
-$1.33M
3
Citadel Advisors
Citadel Advisors
Florida
-$575K
4
PFS
Prospera Financial Services
Texas
-$548K
5
AAS
Ameritas Advisory Services
Nebraska
-$438K
Name Holding Trade Value Shares
Change 		Change in
Stake
NA
26
NewEdge Advisors
Louisiana
$2.92M +$120K +4,318 +4%
Cambridge Investment Research Advisors
27
Cambridge Investment Research Advisors
Iowa
$2.85M +$671K +24,053 +31%
LI
28
LVZ Inc
Michigan
$2.56M – – –
KAS
29
Kestra Advisory Services
Texas
$2.46M +$83.4K +2,991 +4%
Jane Street
30
Jane Street
New York
$2.14M -$1.66M -59,557 -44%
PFG
31
Pinnacle Financial Group
Illinois
$1.89M -$57.7K -2,068 -3%
Janney Montgomery Scott
32
Janney Montgomery Scott
Pennsylvania
$1.85M +$617K +22,129 +51%
BEI
33
Benjamin Edwards Inc
Missouri
$1.83M +$281K +10,095 +18%
AWA
34
Arkadios Wealth Advisors
Georgia
$1.72M -$9.84K -353 -0.6%
BCM
35
Brookstone Capital Management
Illinois
$1.72M -$9.84K -353 -0.6%
Bank of New York Mellon
36
Bank of New York Mellon
New York
$1.64M +$1.31M +47,126 +418%
KIG
37
Kennedy Investment Group
New Jersey
$1.61M +$1.25M +44,792 +356%
RMP
38
Richards, Merrill & Peterson
Washington
$1.47M +$578K +20,735 +65%
SA
39
Sanctuary Advisors
Indiana
$1.42M +$13.2K +472 +0.9%
PAG
40
Private Advisor Group
New Jersey
$1.3M +$115K +4,110 +10%
Citadel Advisors
41
Citadel Advisors
Florida
$1.23M -$575K -20,638 -32%
Envestnet Asset Management
42
Envestnet Asset Management
Illinois
$1.22M +$328K +11,768 +37%
ASN
43
Advisory Services Network
Georgia
$1.11M +$237K +8,484 +27%
GWP
44
Gateway Wealth Partners
Wisconsin
$967K +$962K +34,493 New
CAL
45
Capital Analysts LLC
Pennsylvania
$867K +$136K +4,895 +19%
OMC
46
Old Mission Capital
Illinois
$839K -$149K -5,349 -15%
XF
47
XML Financial
Maryland
$837K +$40.4K +1,450 +5%
IWB
48
Innovative Wealth Building
Maryland
$822K -$23.2K -832 -3%
VCP
49
Verus Capital Partners
Arizona
$758K +$179K +6,406 +31%
Truist Financial
50
Truist Financial
North Carolina
$755K +$303K +10,853 +68%
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INCM Hedge Fund Activity: Q4 2025 in Review

95 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Franklin Income Focus ETF (INCM) for Q4 2025, worth a combined $569M — up 29% from $440M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new INCM positions and 5 closed out — a net gain of 11 holders — while 55 added to existing stakes and 17 trimmed.

The largest buyer was Bank of America, adding an estimated $30.6M. The largest seller was Jane Street, cutting an estimated $1.66M.

  • 95 institutional investors held Franklin Income Focus ETF (INCM) as of Q4 2025, up from 84 in Q3 2025.
  • Funds reported $569M of Franklin Income Focus ETF stock for Q4 2025, up 29% quarter-over-quarter.
  • 16 funds opened new Franklin Income Focus ETF positions in Q4 2025 and 5 closed out, a net change of +11 holders.
  • The largest Franklin Income Focus ETF buyer in Q4 2025 was Bank of America, an estimated $30.6M added.
  • The largest Franklin Income Focus ETF seller in Q4 2025 was Jane Street, an estimated $1.66M sold.

Based on aggregated 13F filings for Q4 2025.