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PIM

Franklin Master Intermediate Income Trust
PIM

53 hedge funds and large institutions have $70.6M invested in Franklin Master Intermediate Income Trust in 2016 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 11 increasing their positions, 13 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

25% more first-time investments, than exits

New positions opened: 5 | Existing positions closed: 4

2% more funds holding

Funds holding: 52 → 53 (+1)

2.56% less ownership

Funds ownership: 30.99% → 28.43% (-2.6%)

10% less capital invested

Capital invested by funds: $78.2M → $70.6M (-$7.6M)

15% less repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 13

Holders
53
Holders Change
+1
Holders Change %
+1.92%
% of All Funds
1.41%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
11
Reduced
13
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
+$2.66M
2
AWMS
Advocacy Wealth Management Services
Georgia
+$1.98M
3
Invesco
Invesco
Georgia
+$500K
4
LCM
Laurion Capital Management
New York
+$158K
5
DA
Doliver Advisors
Texas
+$152K

Top Sellers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
-$7.82M
2
PPA
Parametric Portfolio Associates
Washington
-$3.05M
3
COLIM
City of London Investment Management
United Kingdom
-$344K
4
RCM
Rivernorth Capital Management
Florida
-$277K
5
1CP
1607 Capital Partners
Virginia
-$271K
Name Holding Trade Value Shares
Change 		Change in
Stake
PAS
26
Partnervest Advisory Services
California
$76K – – –
NL
27
NWAM LLC
Washington
$72K – – –
HCM
28
Hollencrest Capital Management
California
$66K – – –
Cambridge Investment Research Advisors
29
Cambridge Investment Research Advisors
Iowa
$65K – – –
BKA
30
Brick & Kyle Associates
Pennsylvania
$62K – – –
PR
31
Payden & Rygel
California
$59K – – –
WA
32
WFG Advisors
Texas
$58K -$4.13K -942 -7%
Stifel Financial
33
Stifel Financial
Missouri
$51K -$8.73K -1,993 -14%
OC
34
Oarsman Capital
Wisconsin
$51K – – –
IH
35
IFC Holdings
Florida
$48K – – –
FIMG
36
Financial & Investment Management Group
Michigan
$45K – – –
IA
37
IFP Advisors
Florida
$25K +$25K +5,704 New
LTFS
38
Ladenburg Thalmann Financial Services
Florida
$15K +$92 +21 +0.6%
KLI
39
Kelman-Lazarov Inc
Tennessee
$14.7K – – –
AG
40
Advisor Group
Arizona
$12K +$13.1K +3,000 New
MFW
41
Mosaic Family Wealth
Missouri
$9K – – –
WA
42
Winfield Associates
Ohio
$9K – – –
GWM
43
Geneos Wealth Management
Colorado
$8K – – –
MFS
44
MSI Financial Services
Massachusetts
$7K – – –
PNC Financial Services Group
45
PNC Financial Services Group
Pennsylvania
$7K – – –
Creative Planning
46
Creative Planning
Kansas
$6K -$3.37K -770 -34%
IF
47
Ironwood Financial
Arizona
$6K – – –
AAM
48
Advisors Asset Management
Colorado
$4K – – –
Citigroup
49
Citigroup
New York
$3K -$99.4K -22,692 -97%
PCM
50
Penserra Capital Management
California
$3K – – –
1
2
3

PIM Hedge Fund Activity: Q2 2016 in Review

53 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Franklin Master Intermediate Income Trust (PIM) for Q2 2016, worth a combined $70.6M — down 9.7% from $78.2M a quarter earlier.

Buyers outnumbered sellers: 5 funds opened new PIM positions and 4 closed out — a net gain of 1 holder — while 11 added to existing stakes and 13 trimmed.

The largest buyer was Sit Investment Associates, adding an estimated $2.66M. The largest seller was Wells Fargo, cutting an estimated $7.82M.

  • 53 institutional investors held Franklin Master Intermediate Income Trust (PIM) as of Q2 2016, up from 52 in Q1 2016.
  • Funds reported $70.6M of Franklin Master Intermediate Income Trust stock for Q2 2016, down 9.7% quarter-over-quarter.
  • 5 funds opened new Franklin Master Intermediate Income Trust positions in Q2 2016 and 4 closed out, a net change of +1 holder.
  • The largest Franklin Master Intermediate Income Trust buyer in Q2 2016 was Sit Investment Associates, an estimated $2.66M added.
  • The largest Franklin Master Intermediate Income Trust seller in Q2 2016 was Wells Fargo, an estimated $7.82M sold.

Based on aggregated 13F filings for Q2 2016.