Franklin Master Intermediate Income Trust
PIM
51 hedge funds and large institutions have $65.9M invested in Franklin Master Intermediate Income Trust in 2016 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 13 increasing their positions, 14 reducing their positions, and 5 closing their positions.
7% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 14
2.41% less ownership
Funds ownership: 28.43% → 26.02% (-2.4%)
4% less funds holding
Funds holding: 53 → 51 (-2)
7% less capital invested
Capital invested by funds: $70.6M → $65.9M (-$4.65M)
40% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AWMS
Advocacy Wealth Management Services
Atlanta,
Georgia
|
+$2.13M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$699K |
| 3 |
LCM
Laurion Capital Management
New York
|
+$251K |
| 4 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$204K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$169K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$3.44M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
-$2.29M |
| 3 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$2.25M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$682K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$335K |
PIM Hedge Fund Activity: Q3 2016 in Review
51 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Franklin Master Intermediate Income Trust (PIM) for Q3 2016, worth a combined $65.9M — down 6.6% from $70.6M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of PIM and 3 opened new positions — a net loss of 2 holders — while 14 trimmed existing stakes and 13 added.
The largest buyer was Advocacy Wealth Management Services, adding an estimated $2.13M. The largest seller was Wells Fargo, cutting an estimated $3.44M.
- 51 institutional investors held Franklin Master Intermediate Income Trust (PIM) as of Q3 2016, down from 53 in Q2 2016.
- Funds reported $65.9M of Franklin Master Intermediate Income Trust stock for Q3 2016, down 6.6% quarter-over-quarter.
- 3 funds opened new Franklin Master Intermediate Income Trust positions in Q3 2016 and 5 closed out, a net change of -2 holders.
- The largest Franklin Master Intermediate Income Trust buyer in Q3 2016 was Advocacy Wealth Management Services, an estimated $2.13M added.
- The largest Franklin Master Intermediate Income Trust seller in Q3 2016 was Wells Fargo, an estimated $3.44M sold.
Based on aggregated 13F filings for Q3 2016.