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PIM

Franklin Master Intermediate Income Trust
PIM

52 hedge funds and large institutions have $78.2M invested in Franklin Master Intermediate Income Trust in 2016 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 12 increasing their positions, 14 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.8% less ownership

Funds ownership: 31.79% → 30.99% (-0.8%)

2% less funds holding

Funds holding: 53 → 52 (-1)

6% less capital invested

Capital invested by funds: $82.9M → $78.2M (-$4.75M)

11% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 9

14% less repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 14

Holders
52
Holders Change
-1
Holders Change %
-1.89%
% of All Funds
1.39%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
12
Reduced
14
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
AWMS
Advocacy Wealth Management Services
Georgia
+$3.07M
2
SIA
Sit Investment Associates
Minnesota
+$2.51M
3
LCM
Landscape Capital Management
New Jersey
+$332K
4
UBS Group
UBS Group
Switzerland
+$117K
5
RJFSA
Raymond James Financial Services Advisors
Florida
+$101K

Top Sellers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
-$3.84M
2
1CP
1607 Capital Partners
Virginia
-$2.1M
3
Invesco
Invesco
Georgia
-$1.21M
4
RCM
Rivernorth Capital Management
Florida
-$288K
5
SCM
Saba Capital Management
New York
-$259K
Name Holding Trade Value Shares
Change 		Change in
Stake
PAS
26
Partnervest Advisory Services
California
$77K – – –
NL
27
NWAM LLC
Washington
$73K – – –
HCM
28
Hollencrest Capital Management
California
$67K – – –
Cambridge Investment Research Advisors
29
Cambridge Investment Research Advisors
Iowa
$66K – – –
WA
30
WFG Advisors
Texas
$63K -$3.22K -751 -5%
BKA
31
Brick & Kyle Associates
Pennsylvania
$63K – – –
Stifel Financial
32
Stifel Financial
Missouri
$61K +$3.77K +880 +7%
PR
33
Payden & Rygel
California
$60K – – –
OC
34
Oarsman Capital
Wisconsin
$52K – – –
IH
35
IFC Holdings
Florida
$48K – – –
FIMG
36
Financial & Investment Management Group
Michigan
$46K -$63.5K -14,800 -59%
HNB
37
Huntington National Bank
Ohio
$16K – – –
LTFS
38
Ladenburg Thalmann Financial Services
Florida
$15K +$90 +21 +0.6%
KLI
39
Kelman-Lazarov Inc
Tennessee
$15K +$14.4K +3,364 New
AIG
40
American International Group
New York
$13K -$10.7K -2,500 -45%
Creative Planning
41
Creative Planning
Kansas
$10K -$19.7K -4,590 -67%
WA
42
Winfield Associates
Ohio
$9K – – –
GWM
43
Geneos Wealth Management
Colorado
$9K +$8.81K +2,054 New
MFW
44
Mosaic Family Wealth
Missouri
$8K – – –
MFS
45
MSI Financial Services
Massachusetts
$7K – – –
PNC Financial Services Group
46
PNC Financial Services Group
Pennsylvania
$7K – – –
IF
47
Ironwood Financial
Arizona
$7K +$6.43K +1,500 New
AAM
48
Advisors Asset Management
Colorado
$4K – – –
BlackRock
49
BlackRock
New York
$2K – – –
NFG
50
Next Financial Group
Texas
$2K – – –
1
2
3

PIM Hedge Fund Activity: Q1 2016 in Review

52 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Franklin Master Intermediate Income Trust (PIM) for Q1 2016, worth a combined $78.2M — down 5.7% from $82.9M a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of PIM and 8 opened new positions — a net loss of 1 holder — while 14 trimmed existing stakes and 12 added.

The largest buyer was Advocacy Wealth Management Services, opening a new position worth an estimated $3.07M. The largest seller was Wells Fargo, cutting an estimated $3.84M.

  • 52 institutional investors held Franklin Master Intermediate Income Trust (PIM) as of Q1 2016, down from 53 in Q4 2015.
  • Funds reported $78.2M of Franklin Master Intermediate Income Trust stock for Q1 2016, down 5.7% quarter-over-quarter.
  • 8 funds opened new Franklin Master Intermediate Income Trust positions in Q1 2016 and 9 closed out, a net change of -1 holder.
  • The largest Franklin Master Intermediate Income Trust buyer in Q1 2016 was Advocacy Wealth Management Services, an estimated $3.07M added.
  • The largest Franklin Master Intermediate Income Trust seller in Q1 2016 was Wells Fargo, an estimated $3.84M sold.

Based on aggregated 13F filings for Q1 2016.