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Franklin Income Focus ETF
INCM

71 hedge funds and large institutions have $293M invested in Franklin Income Focus ETF in 2025 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 38 increasing their positions, 11 reducing their positions, and 1 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,500% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 1

245% more repeat investments, than reductions

Existing positions increased: 38 | Existing positions reduced: 11

43% more capital invested

Capital invested by funds: $205M → $293M (+$88.1M)

27% more funds holding

Funds holding: 56 → 71 (+15)

3.06% more ownership

Funds ownership: 49.78% → 52.84% (+3.1%)

Holders
71
Holders Change
+15
Holders Change %
+26.79%
% of All Funds
0.95%
Holding in Top 10
2
Holding in Top 10 Change
+2
Holding in Top 10 Change %
% of All Funds
0.03%
New
16
Increased
38
Reduced
11
Closed
1
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
SIAS
Summit Investment Advisory Services
Minnesota
+$21.3M
2
Wells Fargo
Wells Fargo
California
+$15.3M
3
Raymond James Financial
Raymond James Financial
Florida
+$9.59M
4
LPL Financial
LPL Financial
California
+$8.89M
5
SMC
Smith, Moore & Co
Missouri
+$2.55M

Top Sellers

1
Stifel Financial
Stifel Financial
Missouri
-$451K
2
IAA
Independent Advisor Alliance
North Carolina
-$252K
3
Morgan Stanley
Morgan Stanley
New York
-$192K
4
Citadel Advisors
Citadel Advisors
Florida
-$136K
5
Janney Montgomery Scott
Janney Montgomery Scott
Pennsylvania
-$71.6K
Name Holding Trade Value Shares
Change 		Change in
Stake
AAS
51
Ameritas Advisory Services
Nebraska
$376K – – –
Carson Wealth (CWM LLC)
52
Carson Wealth (CWM LLC)
Nebraska
$355K +$341K +12,804 +2,402%
SWP
53
Stratos Wealth Partners
Ohio
$311K +$48.2K +1,808 +18%
IF
54
Intrua Financial
Texas
$289K +$289K +10,842 New
HI
55
Harbour Investments
Wisconsin
$287K +$15.2K +569 +6%
AI
56
Atria Investments
North Carolina
$274K +$274K +10,283 New
KIG
57
Kennedy Investment Group
New Jersey
$250K +$30.2K +1,132 +14%
VCP
58
Verus Capital Partners
Arizona
$247K +$17.6K +660 +8%
HAS
59
HBW Advisory Services
California
$233K -$2.64K -99 -1%
SAI
60
Savvy Advisors Inc
New York
$230K +$2.59K +97 +1%
AWS
61
Atria Wealth Solutions
New York
$215K +$215K +8,058 New
JCM
62
Jacobi Capital Management
Pennsylvania
$202K +$203K +7,601 New
PS
63
Principal Securities
Iowa
$139K – – –
CAL
64
Capital Analysts LLC
Pennsylvania
$120K +$120K +4,504 New
FFA
65
Farther Finance Advisors
California
$107K +$107K +4,000 New
GWSG
66
GPS Wealth Strategies Group
Colorado
$95K +$10.9K +410 +13%
Comerica Bank
67
Comerica Bank
Texas
$53.3K +$53.3K +2,000 New
BC
68
Barrett & Company
Rhode Island
$39.9K – – –
TSMHT
69
Thurston Springer Miller Herd & Titak
Indiana
$25.4K +$10.5K +393 +70%
Franklin Resources
70
Franklin Resources
California
$17.4K – – –
EWA
71
EverSource Wealth Advisors
Alabama
$4.5K +$4.51K +169 New
IAA
72
Independent Advisor Alliance
North Carolina
– -$252K -9,659 Closed
1 2
3

INCM Hedge Fund Activity: Q1 2025 in Review

71 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in Franklin Income Focus ETF (INCM) for Q1 2025, worth a combined $293M — up 43% from $205M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new INCM positions and 1 closed out — a net gain of 15 holders — while 38 added to existing stakes and 11 trimmed.

The largest buyer was Summit Investment Advisory Services, adding an estimated $21.3M. The largest seller was Stifel Financial, cutting an estimated $451K.

  • 71 institutional investors held Franklin Income Focus ETF (INCM) as of Q1 2025, up from 56 in Q4 2024.
  • Funds reported $293M of Franklin Income Focus ETF stock for Q1 2025, up 43% quarter-over-quarter.
  • 16 funds opened new Franklin Income Focus ETF positions in Q1 2025 and 1 closed out, a net change of +15 holders.
  • The largest Franklin Income Focus ETF buyer in Q1 2025 was Summit Investment Advisory Services, an estimated $21.3M added.
  • The largest Franklin Income Focus ETF seller in Q1 2025 was Stifel Financial, an estimated $451K sold.

Based on aggregated 13F filings for Q1 2025.