We are live on ! Find out more
PIM

Franklin Master Intermediate Income Trust
PIM

52 hedge funds and large institutions have $56.2M invested in Franklin Master Intermediate Income Trust in 2013 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 20 increasing their positions, 14 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

43% more repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 14

1% more capital invested

Capital invested by funds: $55.6M → $56.2M (+$523K)

0.55% more ownership

Funds ownership: 16.98% → 17.53% (+0.55%)

10% less funds holding

Funds holding: 58 → 52 (-6)

55% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 11

Holders
52
Holders Change
-6
Holders Change %
-10.34%
% of All Funds
1.69%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
20
Reduced
14
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
FAAS
First Allied Advisory Services
California
+$2.58M
2
1CP
1607 Capital Partners
Virginia
+$2.19M
3
FIMG
Financial & Investment Management Group
Michigan
+$1.23M
4
Wells Fargo
Wells Fargo
California
+$766K
5
FAAM
First Allied Asset Management
California
+$754K

Top Sellers

Rank Fund Capital Flow
1
NCM
Newgate Capital Management
Connecticut
-$2.91M
2
SFS
Shaker Financial Services
Virginia
-$1.29M
3
PI
Placemark Investments
Illinois
-$731K
4
CA
Cornerstone Advisors
North Carolina
-$625K
5
Morgan Stanley
Morgan Stanley
New York
-$530K
Name Holding Trade Value Shares
Change 		Change in
Stake
Cambridge Investment Research Advisors
26
Cambridge Investment Research Advisors
Iowa
$135K +$13.8K +2,800 +11%
Citadel Advisors
27
Citadel Advisors
Florida
$121K +$122K +24,723 New
US Bancorp
28
US Bancorp
Minnesota
$83K – – –
Royal Bank of Canada
29
Royal Bank of Canada
Ontario, Canada
$74K +$5.78K +1,173 +8%
OC
30
Oarsman Capital
Wisconsin
$72K +$17.3K +3,517 +31%
Citigroup
31
Citigroup
New York
$68K -$233K -47,264 -77%
SKK
32
Shepherd Kaplan Krochuk
Massachusetts
$68K – – –
PR
33
Payden & Rygel
California
$67K – – –
Nomura Holdings
34
Nomura Holdings
Japan
$67K +$67K +13,600 New
CWM
35
Concert Wealth Management
California
$56K -$59.1K -12,000 -51%
CAN
36
Cetera Advisor Networks
California
$54K +$54.2K +11,005 New
DC
37
Davenport & Co
Virginia
$51.3K – – –
WA
38
WFG Advisors
Texas
$36K -$149K -30,196 -80%
TRCT
39
Tower Research Capital (TRC)
New York
$29K +$29K +5,875 +23,500%
SSB
40
Sandy Spring Bank
Maryland
$24K – – –
HCM
41
Horrell Capital Management
Arkansas
$16K – – –
HNB
42
Huntington National Bank
Ohio
$14K – – –
Deutsche Bank
43
Deutsche Bank
Germany
$14K +$11.5K +2,325 +372%
AIG
44
American International Group
New York
$12.2K – – –
DAM
45
Delta Asset Management
Tennessee
$8K – – –
Creative Planning
46
Creative Planning
Kansas
$7K +$4.43K +900 +158%
MFS
47
MSI Financial Services
Massachusetts
$6K -$2.83K -574 -30%
AAM
48
Advisors Asset Management
Colorado
$6K -$271 -55 -5%
M
49
MOTCO
Texas
$4K – – –
Bank of Montreal
50
Bank of Montreal
Ontario, Canada
$3K – – –
1
2
3

PIM Hedge Fund Activity: Q3 2013 in Review

52 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Franklin Master Intermediate Income Trust (PIM) for Q3 2013, worth a combined $56.2M — up 0.94% from $55.6M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of PIM and 5 opened new positions — a net loss of 6 holders — while 14 trimmed existing stakes and 20 added.

The largest buyer was First Allied Advisory Services, adding an estimated $2.58M. The largest seller was Newgate Capital Management, cutting an estimated $2.91M.

  • 52 institutional investors held Franklin Master Intermediate Income Trust (PIM) as of Q3 2013, down from 58 in Q2 2013.
  • Funds reported $56.2M of Franklin Master Intermediate Income Trust stock for Q3 2013, up 0.94% quarter-over-quarter.
  • 5 funds opened new Franklin Master Intermediate Income Trust positions in Q3 2013 and 11 closed out, a net change of -6 holders.
  • The largest Franklin Master Intermediate Income Trust buyer in Q3 2013 was First Allied Advisory Services, an estimated $2.58M added.
  • The largest Franklin Master Intermediate Income Trust seller in Q3 2013 was Newgate Capital Management, an estimated $2.91M sold.

Based on aggregated 13F filings for Q3 2013.