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PIM

Franklin Master Intermediate Income Trust
PIM

55 hedge funds and large institutions have $68.1M invested in Franklin Master Intermediate Income Trust in 2017 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 14 increasing their positions, 11 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

150% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 4

27% more repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 11

10% more funds holding

Funds holding: 50 → 55 (+5)

4% less capital invested

Capital invested by funds: $71.3M → $68.1M (-$3.19M)

1.64% less ownership

Funds ownership: 26.99% → 25.35% (-1.6%)

Holders
55
Holders Change
+5
Holders Change %
+10%
% of All Funds
1.37%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
10
Increased
14
Reduced
11
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
SIA
Sit Investment Associates
Minnesota
+$1.59M
2
LCM
Landscape Capital Management
New Jersey
+$630K
3
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
+$436K
4
Invesco
Invesco
Georgia
+$243K
5
Morgan Stanley
Morgan Stanley
New York
+$211K

Top Sellers

1
1CP
1607 Capital Partners
Virginia
-$6.69M
2
Wells Fargo
Wells Fargo
California
-$1.19M
3
AWMS
Advocacy Wealth Management Services
Georgia
-$542K
4
SCM
Sterneck Capital Management
Missouri
-$323K
5
DA
Doliver Advisors
Texas
-$77.5K
Name Holding Trade Value Shares
Change 		Change in
Stake
NL
26
NWAM LLC
Washington
$78K – – –
Cambridge Investment Research Advisors
27
Cambridge Investment Research Advisors
Iowa
$71K -$4.67K -1,000 -6%
BKA
28
Brick & Kyle Associates
Pennsylvania
$67K – – –
Ameriprise
29
Ameriprise
Minnesota
$65K +$64.5K +13,810 New
PR
30
Payden & Rygel
California
$64K – – –
PAS
31
Partnervest Advisory Services
California
$63K – – –
OC
32
Oarsman Capital
Wisconsin
$56K +$55.5K +11,882 New
IH
33
IFC Holdings
Florida
$54K +$37 +8 +0.1%
PTC
34
Philadelphia Trust Company
Pennsylvania
$53K +$52.8K +11,300 New
Stifel Financial
35
Stifel Financial
Missouri
$52K – – –
Millennium Management
36
Millennium Management
New York
$51K +$51.3K +10,974 New
PVWM
37
Point View Wealth Management
New Jersey
$50K +$50K +10,695 New
PAG
38
Pinnacle Advisory Group
Maryland
$49K +$49.2K +10,520 New
WA
39
WFG Advisors
Texas
$44K -$18.7K -4,001 -30%
IA
40
IFP Advisors
Florida
$27K – – –
AG
41
Advisor Group
Arizona
$14K – – –
MFW
42
Mosaic Family Wealth
Missouri
$9K – – –
WA
43
Winfield Associates
Ohio
$9K – – –
US Bancorp
44
US Bancorp
Minnesota
$9K +$9.23K +1,976 New
GWM
45
Geneos Wealth Management
Colorado
$8K – – –
IF
46
Ironwood Financial
Arizona
$7K – – –
PNC Financial Services Group
47
PNC Financial Services Group
Pennsylvania
$7K – – –
Creative Planning
48
Creative Planning
Kansas
$4K -$7.63K -1,633 -64%
AAM
49
Advisors Asset Management
Colorado
$4K -$187 -40 -5%
NFG
50
Next Financial Group
Texas
$3K – – –
1
2
3

PIM Hedge Fund Activity: Q1 2017 in Review

55 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Franklin Master Intermediate Income Trust (PIM) for Q1 2017, worth a combined $68.1M — down 4.5% from $71.3M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new PIM positions and 4 closed out — a net gain of 6 holders — while 14 added to existing stakes and 11 trimmed.

The largest buyer was Sit Investment Associates, adding an estimated $1.59M. The largest seller was 1607 Capital Partners, exiting entirely with an estimated $6.69M sold.

  • 55 institutional investors held Franklin Master Intermediate Income Trust (PIM) as of Q1 2017, up from 50 in Q4 2016.
  • Funds reported $68.1M of Franklin Master Intermediate Income Trust stock for Q1 2017, down 4.5% quarter-over-quarter.
  • 10 funds opened new Franklin Master Intermediate Income Trust positions in Q1 2017 and 4 closed out, a net change of +6 holders.
  • The largest Franklin Master Intermediate Income Trust buyer in Q1 2017 was Sit Investment Associates, an estimated $1.59M added.
  • The largest Franklin Master Intermediate Income Trust seller in Q1 2017 was 1607 Capital Partners, an estimated $6.69M sold.

Based on aggregated 13F filings for Q1 2017.