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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
CA
51
Calton & Associates
Florida
$729K +$161K +5,772 +29%
VWA
52
Visionary Wealth Advisors
Illinois
$667K +$115K +4,108 +21%
JP Morgan Chase
53
JP Morgan Chase
New York
$658K -$112K -4,020 -15%
PFS
54
Prospera Financial Services
Texas
$640K -$548K -19,643 -46%
Mariner
55
Mariner
Kansas
$608K +$127K +4,554 +27%
SWP
56
Stratos Wealth Partners
Ohio
$586K +$30.8K +1,103 +6%
SAM
57
Secure Asset Management
Michigan
$557K +$554K +19,871 New
HI
58
Harbour Investments
Wisconsin
$550K +$121K +4,341 +28%
PWM
59
Perigon Wealth Management
California
$537K +$47.5K +1,705 +10%
JCM
60
Jacobi Capital Management
Pennsylvania
$524K +$170K +6,094 +48%
WIA
61
World Investment Advisors
California
$517K +$514K +18,423 New
PGWA
62
Plus Group Wealth Advisors
Wisconsin
$502K +$499K +17,895 New
PTC
63
Private Trust Company
Ohio
$478K – – –
AAS
64
Asset Allocation Strategies
Michigan
$465K +$156K +5,589 +51%
TSMHT
65
Thurston Springer Miller Herd & Titak
Indiana
$433K +$266K +9,556 +163%
GRP
66
Global Retirement Partners
California
$429K – – –
AF
67
Allworth Financial
California
$417K +$414K +14,861 New
WWA
68
WCG Wealth Advisors
Nevada
$401K +$69.7K +2,500 +21%
NFG
69
Nations Financial Group
Iowa
$389K +$172K +6,158 +80%
PA
70
PFG Advisors
Arizona
$385K +$110K +3,941 +40%
EH
71
Equitable Holdings
New York
$375K -$24.5K -878 -6%
FHA
72
Flagship Harbor Advisors
Massachusetts
$358K +$356K +12,781 New
AI
73
Atria Investments
North Carolina
$354K +$1.95K +70 +0.6%
PWA
74
Principia Wealth Advisory
Texas
$325K +$114K +4,084 +54%
HAS
75
HBW Advisory Services
California
$318K -$2.82K -101 -0.9%
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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.