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PIM

Franklin Master Intermediate Income Trust
PIM

55 hedge funds and large institutions have $86.3M invested in Franklin Master Intermediate Income Trust in 2015 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 15 increasing their positions, 14 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

5% more capital invested

Capital invested by funds: $82.1M → $86.3M (+$4.22M)

2.65% more ownership

Funds ownership: 28.07% → 30.73% (+2.7%)

7% more repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 14

4% less funds holding

Funds holding: 57 → 55 (-2)

17% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 6

Holders
55
Holders Change
-2
Holders Change %
-3.51%
% of All Funds
1.47%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
15
Reduced
14
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
+$2.93M
2
Wells Fargo
Wells Fargo
California
+$1.69M
3
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$1.66M
4
AIG
American International Group
New York
+$425K
5
RCM
Rivernorth Capital Management
Florida
+$348K

Top Sellers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
-$3.96M
2
RJFSA
Raymond James Financial Services Advisors
Florida
-$346K
3
Morgan Stanley
Morgan Stanley
New York
-$183K
4
Invesco
Invesco
Georgia
-$137K
5
SFM
Signet Financial Management
New Jersey
-$106K
Name Holding Trade Value Shares
Change 		Change in
Stake
CNB
26
City National Bank
California
$94K – – –
LCM
27
Landscape Capital Management
New Jersey
$88K -$69.9K -14,463 -44%
NL
28
NWAM LLC
Washington
$81K – – –
HCM
29
Hollencrest Capital Management
California
$74K – – –
BKA
30
Brick & Kyle Associates
Pennsylvania
$70K – – –
PAS
31
Partnervest Advisory Services
California
$69K +$3.38K +700 +5%
SKK
32
Shepherd Kaplan Krochuk
Massachusetts
$68K – – –
PR
33
Payden & Rygel
California
$67K – – –
OC
34
Oarsman Capital
Wisconsin
$65K +$87 +18 +0.1%
PHS
35
Pekin Hardy Strauss
Illinois
$63K – – –
WA
36
WFG Advisors
Texas
$63K +$469 +97 +0.8%
Citigroup
37
Citigroup
New York
$60K -$730 -151 -1%
YMRC
38
Yorktown Management & Research Company
Virginia
$51K +$50.8K +10,500 New
YP
39
Yellowstone Partners
Idaho
$50K +$49.4K +10,215 New
Royal Bank of Canada
40
Royal Bank of Canada
Ontario, Canada
$32K -$52.1K -10,778 -62%
WA
41
Winfield Associates
Ohio
$29K – – –
Deutsche Bank
42
Deutsche Bank
Germany
$23K – – –
LTFS
43
Ladenburg Thalmann Financial Services
Florida
$19K -$885 -183 -5%
HCM
44
Horrell Capital Management
Arkansas
$16K – – –
HNB
45
Huntington National Bank
Ohio
$16K +$15.5K +3,209 New
MFS
46
MSI Financial Services
Massachusetts
$9K +$2.42K +500 +38%
TRCT
47
Tower Research Capital (TRC)
New York
$8K +$7.25K +1,500 +750%
PNC Financial Services Group
48
PNC Financial Services Group
Pennsylvania
$7K -$24.2K -5,006 -77%
Creative Planning
49
Creative Planning
Kansas
$7K – – –
IF
50
Ironwood Financial
Arizona
$7K +$7.25K +1,500 New
1
2
3

PIM Hedge Fund Activity: Q1 2015 in Review

55 of the 3,752 institutional investors tracked by Wall St. Rank reported a position in Franklin Master Intermediate Income Trust (PIM) for Q1 2015, worth a combined $86.3M — up 5.1% from $82.1M a quarter earlier.

Sellers outnumbered buyers: 6 funds closed out of PIM and 5 opened new positions — a net loss of 1 holder — while 14 trimmed existing stakes and 15 added.

The largest buyer was Sit Investment Associates, adding an estimated $2.93M. The largest seller was Saba Capital Management, cutting an estimated $3.96M.

  • 55 institutional investors held Franklin Master Intermediate Income Trust (PIM) as of Q1 2015, down from 57 in Q4 2014.
  • Funds reported $86.3M of Franklin Master Intermediate Income Trust stock for Q1 2015, up 5.1% quarter-over-quarter.
  • 5 funds opened new Franklin Master Intermediate Income Trust positions in Q1 2015 and 6 closed out, a net change of -1 holder.
  • The largest Franklin Master Intermediate Income Trust buyer in Q1 2015 was Sit Investment Associates, an estimated $2.93M added.
  • The largest Franklin Master Intermediate Income Trust seller in Q1 2015 was Saba Capital Management, an estimated $3.96M sold.

Based on aggregated 13F filings for Q1 2015.