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PIM

Franklin Master Intermediate Income Trust
PIM

53 hedge funds and large institutions have $82.9M invested in Franklin Master Intermediate Income Trust in 2015 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 11 increasing their positions, 17 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 7

10% more funds holding

Funds holding: 48 → 53 (+5)

2% more capital invested

Capital invested by funds: $81.3M → $82.9M (+$1.66M)

0.36% more ownership

Funds ownership: 31.43% → 31.79% (+0.36%)

35% less repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 17

Holders
53
Holders Change
+5
Holders Change %
+10.42%
% of All Funds
1.39%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
14
Increased
11
Reduced
17
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
+$1.92M
2
LCM
Landscape Capital Management
New Jersey
+$702K
3
PPA
Parametric Portfolio Associates
Washington
+$213K
4
COLIM
City of London Investment Management
United Kingdom
+$209K
5
LPL Financial
LPL Financial
California
+$186K

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$1.06M
2
AIG
American International Group
New York
-$434K
3
1CP
1607 Capital Partners
Virginia
-$230K
4
AA
Ancora Advisors
Ohio
-$227K
5
UBS Group
UBS Group
Switzerland
-$188K
Name Holding Trade Value Shares
Change 		Change in
Stake
PAS
26
Partnervest Advisory Services
California
$79K – – –
NL
27
NWAM LLC
Washington
$76K +$75.7K +16,598 New
VAM
28
Visium Asset Management
New York
$72K +$71.8K +15,733 New
Cambridge Investment Research Advisors
29
Cambridge Investment Research Advisors
Iowa
$69K -$3.42K -750 -5%
HCM
30
Hollencrest Capital Management
California
$69K – – –
WA
31
WFG Advisors
Texas
$68K -$3.14K -689 -4%
SG Americas Securities
32
SG Americas Securities
New York
$67K +$67.4K +14,766 New
BKA
33
Brick & Kyle Associates
Pennsylvania
$65K – – –
SKK
34
Shepherd Kaplan Krochuk
Massachusetts
$63K – – –
PR
35
Payden & Rygel
California
$62K – – –
Stifel Financial
36
Stifel Financial
Missouri
$59K +$59K +12,943 New
OC
37
Oarsman Capital
Wisconsin
$54K +$5.39K +1,182 +11%
IH
38
IFC Holdings
Florida
$50K +$50.2K +11,000 New
Creative Planning
39
Creative Planning
Kansas
$31K +$13K +2,860 +72%
Citigroup
40
Citigroup
New York
$29K -$12.1K -2,643 -30%
IA
41
IFP Advisors
Florida
$27K +$27.1K +5,934 New
AIG
42
American International Group
New York
$25K -$434K -95,170 -95%
LTFS
43
Ladenburg Thalmann Financial Services
Florida
$15K +$420 +92 +3%
WA
44
Winfield Associates
Ohio
$9K -$18.2K -4,000 -67%
MFS
45
MSI Financial Services
Massachusetts
$8K +$7.53K +1,650 New
MFW
46
Mosaic Family Wealth
Missouri
$8K +$8.67K +1,900 New
HNB
47
Huntington National Bank
Ohio
$7K – – –
PNC Financial Services Group
48
PNC Financial Services Group
Pennsylvania
$7K – – –
ZB
49
Zions Bancorporation
Utah
$6K +$6.84K +1,500 New
AAM
50
Advisors Asset Management
Colorado
$4K – – –
1
2
3

PIM Hedge Fund Activity: Q4 2015 in Review

53 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in Franklin Master Intermediate Income Trust (PIM) for Q4 2015, worth a combined $82.9M — up 2% from $81.3M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new PIM positions and 7 closed out — a net gain of 7 holders — while 11 added to existing stakes and 17 trimmed.

The largest buyer was Sit Investment Associates, adding an estimated $1.92M. The largest seller was Rivernorth Capital Management, cutting an estimated $1.06M.

  • 53 institutional investors held Franklin Master Intermediate Income Trust (PIM) as of Q4 2015, up from 48 in Q3 2015.
  • Funds reported $82.9M of Franklin Master Intermediate Income Trust stock for Q4 2015, up 2% quarter-over-quarter.
  • 14 funds opened new Franklin Master Intermediate Income Trust positions in Q4 2015 and 7 closed out, a net change of +7 holders.
  • The largest Franklin Master Intermediate Income Trust buyer in Q4 2015 was Sit Investment Associates, an estimated $1.92M added.
  • The largest Franklin Master Intermediate Income Trust seller in Q4 2015 was Rivernorth Capital Management, an estimated $1.06M sold.

Based on aggregated 13F filings for Q4 2015.