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PIM

Franklin Master Intermediate Income Trust
PIM

48 hedge funds and large institutions have $81.3M invested in Franklin Master Intermediate Income Trust in 2015 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 10 increasing their positions, 15 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

1.06% more ownership

Funds ownership: 30.38% → 31.43% (+1.1%)

1% less capital invested

Capital invested by funds: $82.2M → $81.3M (-$926K)

6% less funds holding

Funds holding: 51 → 48 (-3)

33% less repeat investments, than reductions

Existing positions increased: 10 | Existing positions reduced: 15

50% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 6

Holders
48
Holders Change
-3
Holders Change %
-5.88%
% of All Funds
1.34%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
3
Increased
10
Reduced
15
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
+$2.63M
2
SIA
Sit Investment Associates
Minnesota
+$1.2M
3
1CP
1607 Capital Partners
Virginia
+$1.14M
4
SCM
Saba Capital Management
New York
+$264K
5
AA
Ancora Advisors
Ohio
+$233K

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$1.4M
2
PPA
Parametric Portfolio Associates
Washington
-$429K
3
Invesco
Invesco
Georgia
-$354K
4
DA
Doliver Advisors
Texas
-$216K
5
SCM
Sterneck Capital Management
Missouri
-$111K
Name Holding Trade Value Shares
Change 		Change in
Stake
PAS
26
Partnervest Advisory Services
California
$79K – – –
YP
27
Yellowstone Partners
Idaho
$77K +$31.7K +6,846 +67%
Cambridge Investment Research Advisors
28
Cambridge Investment Research Advisors
Iowa
$71K -$13.7K -2,950 -16%
WA
29
WFG Advisors
Texas
$71K +$482 +104 +0.7%
HCM
30
Hollencrest Capital Management
California
$69K – – –
SB
31
Suntrust Banks
Georgia
$67K – – –
BKA
32
Brick & Kyle Associates
Pennsylvania
$64K – – –
SKK
33
Shepherd Kaplan Krochuk
Massachusetts
$63K – – –
PR
34
Payden & Rygel
California
$62K – – –
OC
35
Oarsman Capital
Wisconsin
$48K -$12.3K -2,656 -20%
YMRC
36
Yorktown Management & Research Company
Virginia
$47K – – –
Citigroup
37
Citigroup
New York
$40K -$709 -153 -2%
Royal Bank of Canada
38
Royal Bank of Canada
Ontario, Canada
$31K -$4.47K -965 -12%
WA
39
Winfield Associates
Ohio
$27K – – –
Deutsche Bank
40
Deutsche Bank
Germany
$21K – – –
Creative Planning
41
Creative Planning
Kansas
$18K -$60.6K -13,076 -77%
HNB
42
Huntington National Bank
Ohio
$14K – – –
LTFS
43
Ladenburg Thalmann Financial Services
Florida
$14K +$144 +31 +1%
IF
44
Ironwood Financial
Arizona
$7K – – –
PNC Financial Services Group
45
PNC Financial Services Group
Pennsylvania
$7K – – –
Barclays
46
Barclays
United Kingdom
$6K +$4.34K +937 +148%
DAM
47
Delta Asset Management
Tennessee
$5K – – –
AAM
48
Advisors Asset Management
Colorado
$4K -$250 -54 -6%
NFG
49
Next Financial Group
Texas
$2K – – –
DA
50
Doliver Advisors
Texas
– -$216K -45,779 Closed
1
2
3

PIM Hedge Fund Activity: Q3 2015 in Review

48 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Franklin Master Intermediate Income Trust (PIM) for Q3 2015, worth a combined $81.3M — down 1.1% from $82.2M a quarter earlier.

Sellers outnumbered buyers: 6 funds closed out of PIM and 3 opened new positions — a net loss of 3 holders — while 15 trimmed existing stakes and 10 added.

The largest buyer was Wells Fargo, adding an estimated $2.63M. The largest seller was Rivernorth Capital Management, cutting an estimated $1.4M.

  • 48 institutional investors held Franklin Master Intermediate Income Trust (PIM) as of Q3 2015, down from 51 in Q2 2015.
  • Funds reported $81.3M of Franklin Master Intermediate Income Trust stock for Q3 2015, down 1.1% quarter-over-quarter.
  • 3 funds opened new Franklin Master Intermediate Income Trust positions in Q3 2015 and 6 closed out, a net change of -3 holders.
  • The largest Franklin Master Intermediate Income Trust buyer in Q3 2015 was Wells Fargo, an estimated $2.63M added.
  • The largest Franklin Master Intermediate Income Trust seller in Q3 2015 was Rivernorth Capital Management, an estimated $1.4M sold.

Based on aggregated 13F filings for Q3 2015.