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PIM

Franklin Master Intermediate Income Trust
PIM

57 hedge funds and large institutions have $82.1M invested in Franklin Master Intermediate Income Trust in 2014 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 13 increasing their positions, 14 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

2.15% more ownership

Funds ownership: 25.93% → 28.07% (+2.1%)

4% more capital invested

Capital invested by funds: $79.3M → $82.1M (+$2.81M)

7% less repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 14

7% less funds holding

Funds holding: 61 → 57 (-4)

27% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 11

Holders
57
Holders Change
-4
Holders Change %
-6.56%
% of All Funds
1.52%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
13
Reduced
14
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
+$9.51M
2
Wells Fargo
Wells Fargo
California
+$1.45M
3
PPA
Parametric Portfolio Associates
Washington
+$342K
4
PM
Penbrook Management
New York
+$267K
5
RJFSA
Raymond James Financial Services Advisors
Florida
+$157K

Top Sellers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
-$3.5M
2
COLIM
City of London Investment Management
United Kingdom
-$433K
3
Invesco
Invesco
Georgia
-$401K
4
FIMG
Financial & Investment Management Group
Michigan
-$337K
5
RJA
Raymond James & Associates
Florida
-$206K
Name Holding Trade Value Shares
Change 		Change in
Stake
Royal Bank of Canada
26
Royal Bank of Canada
Ontario, Canada
$83K +$19.8K +3,978 +30%
Goldman Sachs
27
Goldman Sachs
New York
$82K -$34.7K -6,995 -29%
CFSG
28
Community Financial Services Group
Vermont
$82K – – –
NL
29
NWAM LLC
Washington
$80K – – –
AIG
30
American International Group
New York
$77.1K +$67.2K +13,525 +541%
HCM
31
Hollencrest Capital Management
California
$73K – – –
BKA
32
Brick & Kyle Associates
Pennsylvania
$69K +$71K +14,300 New
SKK
33
Shepherd Kaplan Krochuk
Massachusetts
$67K – – –
PR
34
Payden & Rygel
California
$66K – – –
PAS
35
Partnervest Advisory Services
California
$65K – – –
OC
36
Oarsman Capital
Wisconsin
$64K +$89 +18 +0.1%
WA
37
WFG Advisors
Texas
$62K -$164 -33 -0.3%
PHS
38
Pekin Hardy Strauss
Illinois
$62K – – –
Citigroup
39
Citigroup
New York
$60K +$8.58K +1,727 +16%
PNC Financial Services Group
40
PNC Financial Services Group
Pennsylvania
$31K – – –
WA
41
Winfield Associates
Ohio
$29K – – –
Deutsche Bank
42
Deutsche Bank
Germany
$23K – – –
LTFS
43
Ladenburg Thalmann Financial Services
Florida
$19K +$19.5K +3,926 New
HCM
44
Horrell Capital Management
Arkansas
$16K – – –
NPC
45
National Planning Corporation
California
$14.3K +$14.6K +2,940 New
Creative Planning
46
Creative Planning
Kansas
$7K -$9.93K -2,000 -58%
MFS
47
MSI Financial Services
Massachusetts
$6K – – –
AAM
48
Advisors Asset Management
Colorado
$5K – – –
DAM
49
Delta Asset Management
Tennessee
$5K – – –
M
50
MOTCO
Texas
$4K – – –
1
2
3

PIM Hedge Fund Activity: Q4 2014 in Review

57 of the 3,751 institutional investors tracked by Wall St. Rank reported a position in Franklin Master Intermediate Income Trust (PIM) for Q4 2014, worth a combined $82.1M — up 3.6% from $79.3M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of PIM and 8 opened new positions — a net loss of 3 holders — while 14 trimmed existing stakes and 13 added.

The largest buyer was Sit Investment Associates, adding an estimated $9.51M. The largest seller was Saba Capital Management, cutting an estimated $3.5M.

  • 57 institutional investors held Franklin Master Intermediate Income Trust (PIM) as of Q4 2014, down from 61 in Q3 2014.
  • Funds reported $82.1M of Franklin Master Intermediate Income Trust stock for Q4 2014, up 3.6% quarter-over-quarter.
  • 8 funds opened new Franklin Master Intermediate Income Trust positions in Q4 2014 and 11 closed out, a net change of -3 holders.
  • The largest Franklin Master Intermediate Income Trust buyer in Q4 2014 was Sit Investment Associates, an estimated $9.51M added.
  • The largest Franklin Master Intermediate Income Trust seller in Q4 2014 was Saba Capital Management, an estimated $3.5M sold.

Based on aggregated 13F filings for Q4 2014.