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Franklin Income Focus ETF
INCM

84 hedge funds and large institutions have $440M invested in Franklin Income Focus ETF in 2025 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 63 increasing their positions, 7 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

800% more repeat investments, than reductions

Existing positions increased: 63 | Existing positions reduced: 7

300% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 2

23% more capital invested

Capital invested by funds: $358M → $440M (+$81.2M)

5% more funds holding

Funds holding: 80 → 84 (+4)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

0.6% less ownership

Funds ownership: 52.99% → 52.39% (-0.6%)

Holders
84
Holders Change
+4
Holders Change %
+5%
% of All Funds
1.1%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
8
Increased
63
Reduced
7
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
LPL Financial
LPL Financial
California
+$17.1M
2
Wells Fargo
Wells Fargo
California
+$8.73M
3
Raymond James Financial
Raymond James Financial
Florida
+$7.1M
4
Ameriprise
Ameriprise
Minnesota
+$6.14M
5
LFG
Larson Financial Group
Missouri
+$5.98M

Top Sellers

Rank Fund Capital Flow
1
EC
Elequin Capital
New York
-$2.5M
2
TSMHT
Thurston Springer Miller Herd & Titak
Indiana
-$910K
3
FAIM
Financial Advocates Investment Management
Washington
-$660K
4
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
-$177K
5
Citadel Advisors
Citadel Advisors
Florida
-$165K
Name Holding Trade Value Shares
Change 		Change in
Stake
VWA
51
Visionary Wealth Advisors
Illinois
$546K +$22.7K +825 +4%
PWM
52
Perigon Wealth Management
California
$484K +$39.4K +1,435 +9%
Mariner
53
Mariner
Kansas
$475K +$470K +17,118 New
PTC
54
Private Trust Company
Ohio
$473K +$30.2K +1,099 +7%
Truist Financial
55
Truist Financial
North Carolina
$445K +$441K +16,057 New
AAS
56
Ameritas Advisory Services
Nebraska
$438K +$323K +11,763 +293%
GRP
57
Global Retirement Partners
California
$424K +$420K +15,300 New
HI
58
Harbour Investments
Wisconsin
$424K +$92.2K +3,358 +28%
EH
59
Equitable Holdings
New York
$395K +$130K +4,736 +50%
JCM
60
Jacobi Capital Management
Pennsylvania
$350K +$51K +1,859 +17%
KIG
61
Kennedy Investment Group
New Jersey
$349K +$65.8K +2,397 +23%
AI
62
Atria Investments
North Carolina
$349K +$2.17K +79 +0.6%
WWA
63
WCG Wealth Advisors
Nevada
$327K +$49.4K +1,800 +18%
HAS
64
HBW Advisory Services
California
$318K +$12.4K +451 +4%
Bank of New York Mellon
65
Bank of New York Mellon
New York
$313K +$31.1K +1,132 +11%
AAS
66
Asset Allocation Strategies
Michigan
$305K +$330 +12 +0.1%
PA
67
PFG Advisors
Arizona
$271K +$47.9K +1,744 +22%
SAI
68
Savvy Advisors Inc
New York
$242K +$1.62K +59 +0.7%
OC
69
Oppenheimer & Co
New York
$242K +$239K +8,715 New
SPC
70
Sigma Planning Corp
Michigan
$230K +$228K +8,299 New
NFG
71
Nations Financial Group
Iowa
$214K +$211K +7,699 New
CWM
72
Cornerstone Wealth Management
Missouri
$211K – – –
PWA
73
Principia Wealth Advisory
Texas
$209K +$140K +5,089 +209%
TSMHT
74
Thurston Springer Miller Herd & Titak
Indiana
$163K -$910K -33,147 -85%
FFA
75
Farther Finance Advisors
California
$111K – – –
1 2
3
4

INCM Hedge Fund Activity: Q3 2025 in Review

84 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in Franklin Income Focus ETF (INCM) for Q3 2025, worth a combined $440M — up 23% from $358M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new INCM positions and 2 closed out — a net gain of 6 holders — while 63 added to existing stakes and 7 trimmed.

The largest buyer was LPL Financial, adding an estimated $17.1M. The largest seller was Elequin Capital, cutting an estimated $2.5M.

  • 84 institutional investors held Franklin Income Focus ETF (INCM) as of Q3 2025, up from 80 in Q2 2025.
  • Funds reported $440M of Franklin Income Focus ETF stock for Q3 2025, up 23% quarter-over-quarter.
  • 8 funds opened new Franklin Income Focus ETF positions in Q3 2025 and 2 closed out, a net change of +6 holders.
  • The largest Franklin Income Focus ETF buyer in Q3 2025 was LPL Financial, an estimated $17.1M added.
  • The largest Franklin Income Focus ETF seller in Q3 2025 was Elequin Capital, an estimated $2.5M sold.

Based on aggregated 13F filings for Q3 2025.