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.
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%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$30.6M |
| 2 |
LPL Financial
San Diego,
California
|
+$30.6M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$10.5M |
| 4 |
Morgan Stanley
New York
|
+$9.93M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$9.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$1.66M |
| 2 |
Osaic Holdings
Scottsdale,
Arizona
|
-$1.33M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$575K |
| 4 |
PFS
Prospera Financial Services
Dallas,
Texas
|
-$548K |
| 5 |
AAS
Ameritas Advisory Services
Lincoln,
Nebraska
|
-$438K |
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.