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PIM

Franklin Master Intermediate Income Trust
PIM

47 hedge funds and large institutions have $60.4M invested in Franklin Master Intermediate Income Trust in 2017 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 13 increasing their positions, 10 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

30% more repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 10

0.67% less ownership

Funds ownership: 22.94% → 22.28% (-0.67%)

2% less capital invested

Capital invested by funds: $61.5M → $60.4M (-$1.14M)

8% less funds holding

Funds holding: 51 → 47 (-4)

33% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 6

Holders
47
Holders Change
-4
Holders Change %
-7.84%
% of All Funds
1.17%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
4
Increased
13
Reduced
10
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
+$3.39M
2
Bank of America
Bank of America
North Carolina
+$159K
3
RJA
Raymond James & Associates
Florida
+$84.3K
4
VF
Virtu Financial
New York
+$75K
5
LCM
Landscape Capital Management
New Jersey
+$64.7K

Top Sellers

Rank Fund Capital Flow
1
AWMS
Advocacy Wealth Management Services
Georgia
-$4.82M
2
SG Americas Securities
SG Americas Securities
New York
-$273K
3
Morgan Stanley
Morgan Stanley
New York
-$201K
4
UBS Group
UBS Group
Switzerland
-$192K
5
Invesco
Invesco
Georgia
-$99K
Name Holding Trade Value Shares
Change 		Change in
Stake
BKA
26
Brick & Kyle Associates
Pennsylvania
$68K – – –
PAS
27
Partnervest Advisory Services
California
$63K – – –
AWMS
28
Advocacy Wealth Management Services
Georgia
$59K -$4.82M -1,017,869 -99%
OC
29
Oarsman Capital
Wisconsin
$56K – – –
Stifel Financial
30
Stifel Financial
Missouri
$54K – – –
PVWM
31
Point View Wealth Management
New Jersey
$51K – – –
PAG
32
Pinnacle Advisory Group
Maryland
$50K – – –
IA
33
IFP Advisors
Florida
$22K – – –
Citigroup
34
Citigroup
New York
$22K +$18.8K +3,979 +560%
AG
35
Advisor Group
Arizona
$14K -$473 -100 -3%
MFW
36
Mosaic Family Wealth
Missouri
$9K – – –
SFSIG
37
San Francisco Sentry Investment Group
California
$9K – – –
WA
38
Winfield Associates
Ohio
$9K – – –
LTFS
39
Ladenburg Thalmann Financial Services
Florida
$9K +$416 +88 +4%
GWM
40
Geneos Wealth Management
Colorado
$8K – – –
IF
41
Ironwood Financial
Arizona
$7K – – –
US Bancorp
42
US Bancorp
Minnesota
$5K – – –
NFG
43
Next Financial Group
Texas
$3K – – –
PCM
44
Penserra Capital Management
California
$3K +$3.58K +756 New
BlackRock
45
BlackRock
New York
$2K – – –
RE
46
RBC Europe
United Kingdom
$1.38K +$1.38K +292 New
SPIA
47
Steward Partners Investment Advisory
New York
$1K – – –
SG Americas Securities
48
SG Americas Securities
New York
– -$273K -58,277 Closed
SCM
49
Sterneck Capital Management
Missouri
– -$65K -13,984 Closed
Northwestern Mutual Wealth Management
50
Northwestern Mutual Wealth Management
Wisconsin
– -$30K -6,375 Closed
1
2
3

PIM Hedge Fund Activity: Q3 2017 in Review

47 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Franklin Master Intermediate Income Trust (PIM) for Q3 2017, worth a combined $60.4M — down 1.9% from $61.5M a quarter earlier.

Sellers outnumbered buyers: 6 funds closed out of PIM and 4 opened new positions — a net loss of 2 holders — while 10 trimmed existing stakes and 13 added.

The largest buyer was Sit Investment Associates, adding an estimated $3.39M. The largest seller was Advocacy Wealth Management Services, cutting an estimated $4.82M.

  • 47 institutional investors held Franklin Master Intermediate Income Trust (PIM) as of Q3 2017, down from 51 in Q2 2017.
  • Funds reported $60.4M of Franklin Master Intermediate Income Trust stock for Q3 2017, down 1.9% quarter-over-quarter.
  • 4 funds opened new Franklin Master Intermediate Income Trust positions in Q3 2017 and 6 closed out, a net change of -2 holders.
  • The largest Franklin Master Intermediate Income Trust buyer in Q3 2017 was Sit Investment Associates, an estimated $3.39M added.
  • The largest Franklin Master Intermediate Income Trust seller in Q3 2017 was Advocacy Wealth Management Services, an estimated $4.82M sold.

Based on aggregated 13F filings for Q3 2017.