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Franklin Income Focus ETF
INCM

71 hedge funds and large institutions have $293M invested in Franklin Income Focus ETF in 2025 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 38 increasing their positions, 11 reducing their positions, and 1 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,500% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 1

245% more repeat investments, than reductions

Existing positions increased: 38 | Existing positions reduced: 11

43% more capital invested

Capital invested by funds: $205M → $293M (+$88.1M)

27% more funds holding

Funds holding: 56 → 71 (+15)

3.06% more ownership

Funds ownership: 49.78% → 52.84% (+3.1%)

Holders
71
Holders Change
+15
Holders Change %
+26.79%
% of All Funds
0.95%
Holding in Top 10
2
Holding in Top 10 Change
+2
Holding in Top 10 Change %
% of All Funds
0.03%
New
16
Increased
38
Reduced
11
Closed
1
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
SIAS
Summit Investment Advisory Services
Minnesota
+$21.3M
2
Wells Fargo
Wells Fargo
California
+$15.3M
3
Raymond James Financial
Raymond James Financial
Florida
+$9.59M
4
LPL Financial
LPL Financial
California
+$8.89M
5
SMC
Smith, Moore & Co
Missouri
+$2.55M

Top Sellers

1
Stifel Financial
Stifel Financial
Missouri
-$451K
2
IAA
Independent Advisor Alliance
North Carolina
-$252K
3
Morgan Stanley
Morgan Stanley
New York
-$192K
4
Citadel Advisors
Citadel Advisors
Florida
-$136K
5
Janney Montgomery Scott
Janney Montgomery Scott
Pennsylvania
-$71.6K
Name Holding Trade Value Shares
Change 		Change in
Stake
LPL Financial
1
LPL Financial
California
$45.4M +$8.89M +333,406 +24%
Raymond James Financial
2
Raymond James Financial
Florida
$39.2M +$9.59M +359,680 +32%
Wells Fargo
3
Wells Fargo
California
$27.7M +$15.3M +572,881 +122%
Wealth Enhancement Advisory Services
4
Wealth Enhancement Advisory Services
Minnesota
$25.4M -$42.6K -1,599 -0.2%
SIAS
5
Summit Investment Advisory Services
Minnesota
$23.6M +$21.3M +799,254 +936%
Royal Bank of Canada
6
Royal Bank of Canada
Ontario, Canada
$21.3M +$2.15M +80,695 +11%
Ameriprise
7
Ameriprise
Minnesota
$15.5M +$1.85M +69,209 +14%
SFS
8
Sowell Financial Services
Arkansas
$10.7M +$1.13M +42,268 +12%
Cetera Investment Advisers
9
Cetera Investment Advisers
Illinois
$8.47M +$1.48M +55,482 +21%
NLP
10
Next Level Private
New York
$6.89M +$557K +20,875 +9%
Osaic Holdings
11
Osaic Holdings
Arizona
$6.66M +$1.99M +74,631 +43%
Commonwealth Equity Services
12
Commonwealth Equity Services
Massachusetts
$6.51M +$1.23M +46,135 +23%
Stifel Financial
13
Stifel Financial
Missouri
$4M -$451K -16,894 -10%
Jane Street
14
Jane Street
New York
$3.53M +$2.37M +88,985 +204%
Envestnet Asset Management
15
Envestnet Asset Management
Illinois
$3.17M +$40.1K +1,505 +1%
DADC
16
D.A. Davidson & Co
Montana
$3.04M +$730K +27,378 +32%
SPIA
17
Steward Partners Investment Advisory
New York
$3.02M +$142K +5,315 +5%
Jones Financial Companies
18
Jones Financial Companies
Missouri
$2.84M +$2.04M +76,643 +256%
SMC
19
Smith, Moore & Co
Missouri
$2.55M +$2.55M +95,693 New
DC
20
Davenport & Co
Virginia
$2.48M +$342K +12,816 +16%
LI
21
LVZ Inc
Michigan
$2.19M – – –
Cambridge Investment Research Advisors
22
Cambridge Investment Research Advisors
Iowa
$1.78M +$332K +12,453 +23%
NA
23
NewEdge Advisors
Louisiana
$1.76M +$88.1K +3,305 +5%
KAS
24
Kestra Advisory Services
Texas
$1.75M +$369K +13,824 +27%
AWA
25
Arkadios Wealth Advisors
Georgia
$1.63M +$1.63M +61,236 New
1
2 3

INCM Hedge Fund Activity: Q1 2025 in Review

71 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in Franklin Income Focus ETF (INCM) for Q1 2025, worth a combined $293M — up 43% from $205M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new INCM positions and 1 closed out — a net gain of 15 holders — while 38 added to existing stakes and 11 trimmed.

The largest buyer was Summit Investment Advisory Services, adding an estimated $21.3M. The largest seller was Stifel Financial, cutting an estimated $451K.

  • 71 institutional investors held Franklin Income Focus ETF (INCM) as of Q1 2025, up from 56 in Q4 2024.
  • Funds reported $293M of Franklin Income Focus ETF stock for Q1 2025, up 43% quarter-over-quarter.
  • 16 funds opened new Franklin Income Focus ETF positions in Q1 2025 and 1 closed out, a net change of +15 holders.
  • The largest Franklin Income Focus ETF buyer in Q1 2025 was Summit Investment Advisory Services, an estimated $21.3M added.
  • The largest Franklin Income Focus ETF seller in Q1 2025 was Stifel Financial, an estimated $451K sold.

Based on aggregated 13F filings for Q1 2025.