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PIM

Franklin Master Intermediate Income Trust
PIM

50 hedge funds and large institutions have $71.3M invested in Franklin Master Intermediate Income Trust in 2016 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 15 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

15% more repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 13

8% more capital invested

Capital invested by funds: $65.9M → $71.3M (+$5.38M)

0.97% more ownership

Funds ownership: 26.02% → 26.99% (+0.97%)

2% less funds holding

Funds holding: 51 → 50 (-1)

Holders
50
Holders Change
-1
Holders Change %
-1.96%
% of All Funds
1.25%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
15
Reduced
13
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$2.24M
2
LCM
Landscape Capital Management
New Jersey
+$768K
3
AWMS
Advocacy Wealth Management Services
Georgia
+$625K
4
Bank of America
Bank of America
North Carolina
+$287K
5
GC
Guggenheim Capital
Illinois
+$218K

Top Sellers

Rank Fund Capital Flow
1
1CP
1607 Capital Partners
Virginia
-$518K
2
LCM
Laurion Capital Management
New York
-$409K
3
SIA
Sit Investment Associates
Minnesota
-$265K
4
OC
Oarsman Capital
Wisconsin
-$53K
5
SCM
Sterneck Capital Management
Missouri
-$43.1K
Name Holding Trade Value Shares
Change 		Change in
Stake
Squarepoint
26
Squarepoint
New York
$73K +$70K +15,800 New
BKA
27
Brick & Kyle Associates
Pennsylvania
$66K – – –
PR
28
Payden & Rygel
California
$63K – – –
PAS
29
Partnervest Advisory Services
California
$62K – – –
WA
30
WFG Advisors
Texas
$62K +$159 +36 +0.3%
IH
31
IFC Holdings
Florida
$53K +$2.21K +500 +5%
Stifel Financial
32
Stifel Financial
Missouri
$52K -$22.1K -5,000 -31%
IA
33
IFP Advisors
Florida
$26K – – –
AG
34
Advisor Group
Arizona
$14K – – –
Creative Planning
35
Creative Planning
Kansas
$12K +$4.77K +1,076 +73%
MFW
36
Mosaic Family Wealth
Missouri
$9K – – –
WA
37
Winfield Associates
Ohio
$9K – – –
GWM
38
Geneos Wealth Management
Colorado
$8K -$859 -194 -9%
IF
39
Ironwood Financial
Arizona
$7K – – –
PNC Financial Services Group
40
PNC Financial Services Group
Pennsylvania
$7K – – –
SFS
41
Sowell Financial Services
Arkansas
$7K +$6.54K +1,476 New
JP Morgan Chase
42
JP Morgan Chase
New York
$7K +$6.64K +1,500 New
MFS
43
MSI Financial Services
Massachusetts
$6K -$1.11K -250 -15%
AAM
44
Advisors Asset Management
Colorado
$4K – – –
Citigroup
45
Citigroup
New York
$3K -$71 -16 -2%
NFG
46
Next Financial Group
Texas
$3K – – –
BlackRock
47
BlackRock
New York
$2K – – –
SEI Investments
48
SEI Investments
Pennsylvania
$2K – – –
SPIA
49
Steward Partners Investment Advisory
New York
$1K +$1.77K +400 New
LCM
50
Laurion Capital Management
New York
– -$409K -92,523 Closed
1
2
3

PIM Hedge Fund Activity: Q4 2016 in Review

50 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Franklin Master Intermediate Income Trust (PIM) for Q4 2016, worth a combined $71.3M — up 8.2% from $65.9M a quarter earlier.

Buyers outnumbered sellers: 5 funds opened new PIM positions and 4 closed out — a net gain of 1 holder — while 15 added to existing stakes and 13 trimmed.

The largest buyer was Envestnet Asset Management, adding an estimated $2.24M. The largest seller was 1607 Capital Partners, cutting an estimated $518K.

  • 50 institutional investors held Franklin Master Intermediate Income Trust (PIM) as of Q4 2016, down from 51 in Q3 2016.
  • Funds reported $71.3M of Franklin Master Intermediate Income Trust stock for Q4 2016, up 8.2% quarter-over-quarter.
  • 5 funds opened new Franklin Master Intermediate Income Trust positions in Q4 2016 and 4 closed out, a net change of +1 holder.
  • The largest Franklin Master Intermediate Income Trust buyer in Q4 2016 was Envestnet Asset Management, an estimated $2.24M added.
  • The largest Franklin Master Intermediate Income Trust seller in Q4 2016 was 1607 Capital Partners, an estimated $518K sold.

Based on aggregated 13F filings for Q4 2016.