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.
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%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$17.1M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$8.73M |
| 3 |
Raymond James Financial
St Petersburg,
Florida
|
+$7.1M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
+$6.14M |
| 5 |
LFG
Larson Financial Group
St Louis,
Missouri
|
+$5.98M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EC
Elequin Capital
New York
|
-$2.5M |
| 2 |
TSMHT
Thurston Springer Miller Herd & Titak
Indianapolis,
Indiana
|
-$910K |
| 3 |
FAIM
Financial Advocates Investment Management
Olympia,
Washington
|
-$660K |
| 4 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$177K |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$165K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GWSG
76
GPS Wealth Strategies Group
Centennial,
Colorado
| $93.6K | – | – | – |
|
77
Comerica Bank
Dallas,
Texas
| $83.2K | – | – | – |
|
|
EC
78
Elequin Capital
New York
| $57.2K | -$2.5M | -91,034 | -98% |
|
|
BC
79
Barrett & Company
Providence,
Rhode Island
| $41.6K | – | – | – |
|
|
PS
80
Principal Securities
Des Moines,
Iowa
| $30.9K | -$9.34K | -340 | -23% |
|
81
Franklin Resources
San Mateo,
California
| $18.9K | – | – | – |
|
|
WANY
82
Wealthspire Advisors (New York)
New York
| $8.21K | +$8.13K | +296 | New |
|
83
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| $4.69K | +$2.5K | +91 | +117% |
|
|
KA
84
Kozak & Associates
Highlands Ranch,
Colorado
| $1.16K | +$1.15K | +42 | New |
|
|
FAIM
85
Financial Advocates Investment Management
Olympia,
Washington
| – | -$660K | -24,410 | Closed |
|
|
EWA
86
EverSource Wealth Advisors
Birmingham,
Alabama
| – | -$4.57K | -169 | Closed |
|
INCM Hedge Fund Activity: Q3 2025 in Review
84 of the 7,619 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.