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PIM

Franklin Master Intermediate Income Trust
PIM

54 hedge funds and large institutions have $61.7M invested in Franklin Master Intermediate Income Trust in 2018 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 11 increasing their positions, 15 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 6

10% more funds holding

Funds holding: 49 → 54 (+5)

0.62% less ownership

Funds ownership: 25.26% → 24.64% (-0.62%)

3% less capital invested

Capital invested by funds: $63.6M → $61.7M (-$1.97M)

27% less repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 15

Holders
54
Holders Change
+5
Holders Change %
+10.2%
% of All Funds
1.24%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
12
Increased
11
Reduced
15
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SFS
Shaker Financial Services
Virginia
+$621K
2
DA
Doliver Advisors
Texas
+$225K
3
Wells Fargo
Wells Fargo
California
+$184K
4
LCM
Landscape Capital Management
New Jersey
+$170K
5
SI
Stephens Inc
Arkansas
+$167K

Top Sellers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
-$2.62M
2
TSS
Two Sigma Securities
New York
-$187K
3
UBS Group
UBS Group
Switzerland
-$153K
4
PPA
Parametric Portfolio Associates
Washington
-$150K
5
GC
Guggenheim Capital
Illinois
-$107K
Name Holding Trade Value Shares
Change 		Change in
Stake
VF
26
Virtu Financial
New York
$93K +$94.6K +20,020 New
IAMOG
27
Investors Asset Management of Georgia
Georgia
$87K -$14.2K -3,000 -14%
Cambridge Investment Research Advisors
28
Cambridge Investment Research Advisors
Iowa
$78K -$14.1K -2,992 -15%
NL
29
NWAM LLC
Washington
$75K – – –
SRC
30
Shufro Rose & Co
New York
$75K – – –
BKA
31
Brick & Kyle Associates
Pennsylvania
$67K – – –
PHS
32
Pekin Hardy Strauss
Illinois
$65K +$65.9K +13,950 New
OC
33
Oarsman Capital
Wisconsin
$64K – – –
PAS
34
Partnervest Advisory Services
California
$63K – – –
Susquehanna International Group
35
Susquehanna International Group
Pennsylvania
$61K +$61.2K +12,957 New
PVWM
36
Point View Wealth Management
New Jersey
$50K – – –
Cetera Investment Advisers
37
Cetera Investment Advisers
Illinois
$48K +$48.2K +10,196 New
AG
38
Advisor Group
Arizona
$30K +$16.5K +3,500 +117%
Citigroup
39
Citigroup
New York
$22K -$326 -69 -1%
AWMS
40
Advocacy Wealth Management Services
Georgia
$21K – – –
APA
41
American Portfolios Advisors
New York
$18.7K – – –
1IA
42
1834 Investment Advisors
Wisconsin
$12K – – –
SPIA
43
Steward Partners Investment Advisory
New York
$11K +$8.96K +1,896 +474%
MFW
44
Mosaic Family Wealth
Missouri
$9K – – –
VIA
45
Vantage Investment Advisors
Pennsylvania
$9K – – –
GWM
46
Geneos Wealth Management
Colorado
$8K – – –
LTFS
47
Ladenburg Thalmann Financial Services
Florida
$8K – – –
SWM
48
SeaCrest Wealth Management
New York
$7K -$20.9K -4,419 -75%
IF
49
Ironwood Financial
Arizona
$7K – – –
CWA
50
Clarus Wealth Advisors
Arizona
$7K +$6.98K +1,476 New
1
2
3

PIM Hedge Fund Activity: Q2 2018 in Review

54 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Franklin Master Intermediate Income Trust (PIM) for Q2 2018, worth a combined $61.7M — down 3.1% from $63.6M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new PIM positions and 6 closed out — a net gain of 6 holders — while 11 added to existing stakes and 15 trimmed.

The largest buyer was Shaker Financial Services, opening a new position worth an estimated $621K. The largest seller was Sit Investment Associates, cutting an estimated $2.62M.

  • 54 institutional investors held Franklin Master Intermediate Income Trust (PIM) as of Q2 2018, up from 49 in Q1 2018.
  • Funds reported $61.7M of Franklin Master Intermediate Income Trust stock for Q2 2018, down 3.1% quarter-over-quarter.
  • 12 funds opened new Franklin Master Intermediate Income Trust positions in Q2 2018 and 6 closed out, a net change of +6 holders.
  • The largest Franklin Master Intermediate Income Trust buyer in Q2 2018 was Shaker Financial Services, an estimated $621K added.
  • The largest Franklin Master Intermediate Income Trust seller in Q2 2018 was Sit Investment Associates, an estimated $2.62M sold.

Based on aggregated 13F filings for Q2 2018.