Franklin Income Focus ETF
INCM
80 hedge funds and large institutions have $358M invested in Franklin Income Focus ETF in 2025 Q2 according to their latest regulatory filings, with 11 funds opening new positions, 52 increasing their positions, 13 reducing their positions, and 2 closing their positions.
450% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 2
300% more repeat investments, than reductions
Existing positions increased: 52 | Existing positions reduced: 13
22% more capital invested
Capital invested by funds: $293M → $358M (+$65.1M)
13% more funds holding
Funds holding: 71 → 80 (+9)
0.14% more ownership
Funds ownership: 52.84% → 52.99% (+0.14%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$10.5M |
| 2 |
LFG
Larson Financial Group
St Louis,
Missouri
|
+$7.87M |
| 3 |
BWM
Base Wealth Management
Lakewood Ranch,
Florida
|
+$7.14M |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
+$7.12M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$6.04M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wealth Enhancement Advisory Services
Plymouth,
Minnesota
|
-$11.9M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
-$2.51M |
| 3 |
Jane Street
New York
|
-$2.51M |
| 4 |
SWM
SFG Wealth Management
Towson,
Maryland
|
-$663K |
| 5 |
AAS
Asset Allocation Strategies
Farmington,
Michigan
|
-$655K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BC
76
Barrett & Company
Providence,
Rhode Island
| $40.6K | – | – | – |
|
|
PS
77
Principal Securities
Des Moines,
Iowa
| $39.4K | -$102K | -3,885 | -73% |
|
78
Franklin Resources
San Mateo,
California
| $18.4K | +$684 | +26 | +4% |
|
|
EWA
79
EverSource Wealth Advisors
Birmingham,
Alabama
| $4.57K | – | – | – |
|
80
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| $2.11K | +$2.05K | +78 | New |
|
|
SWM
81
SFG Wealth Management
Towson,
Maryland
| – | -$663K | -24,899 | Closed |
|
|
AWS
82
Atria Wealth Solutions
New York
| – | -$215K | -8,058 | Closed |
|
INCM Hedge Fund Activity: Q2 2025 in Review
80 of the 7,599 institutional investors tracked by Wall St. Rank reported a position in Franklin Income Focus ETF (INCM) for Q2 2025, worth a combined $358M — up 22% from $293M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new INCM positions and 2 closed out — a net gain of 9 holders — while 52 added to existing stakes and 13 trimmed.
The largest buyer was LPL Financial, adding an estimated $10.5M. The largest seller was Wealth Enhancement Advisory Services, cutting an estimated $11.9M.
- 80 institutional investors held Franklin Income Focus ETF (INCM) as of Q2 2025, up from 71 in Q1 2025.
- Funds reported $358M of Franklin Income Focus ETF stock for Q2 2025, up 22% quarter-over-quarter.
- 11 funds opened new Franklin Income Focus ETF positions in Q2 2025 and 2 closed out, a net change of +9 holders.
- The largest Franklin Income Focus ETF buyer in Q2 2025 was LPL Financial, an estimated $10.5M added.
- The largest Franklin Income Focus ETF seller in Q2 2025 was Wealth Enhancement Advisory Services, an estimated $11.9M sold.
Based on aggregated 13F filings for Q2 2025.