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PIM

Franklin Master Intermediate Income Trust
PIM

52 hedge funds and large institutions have $56.6M invested in Franklin Master Intermediate Income Trust in 2018 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 8 increasing their positions, 16 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

1.04% more ownership

Funds ownership: 23.82% → 24.86% (+1%)

2% less capital invested

Capital invested by funds: $57.6M → $56.6M (-$969K)

10% less funds holding

Funds holding: 58 → 52 (-6)

33% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 12

50% less repeat investments, than reductions

Existing positions increased: 8 | Existing positions reduced: 16

Holders
52
Holders Change
-6
Holders Change %
-10.34%
% of All Funds
1.16%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
8
Reduced
16
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
1CP
1607 Capital Partners
Virginia
+$5.94M
2
CCP
Clough Capital Partners
Massachusetts
+$133K
3
MOS
MGO One Seven
Ohio
+$28.7K
4
LCM
Landscape Capital Management
New Jersey
+$25.8K
5
RJA
Raymond James & Associates
Florida
+$23.7K

Top Sellers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
-$3.1M
2
SFS
Shaker Financial Services
Virginia
-$536K
3
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
-$393K
4
Invesco
Invesco
Georgia
-$231K
5
SI
Stephens Inc
Arkansas
-$189K
Name Holding Trade Value Shares
Change 		Change in
Stake
AG
26
Advisor Group
Arizona
$78K -$28.6K -6,500 -26%
Cambridge Investment Research Advisors
27
Cambridge Investment Research Advisors
Iowa
$65K -$10.5K -2,375 -13%
OC
28
Oarsman Capital
Wisconsin
$63K – – –
GLLW
29
Graves Light Lenhart Wealth
Virginia
$61K +$63K +14,300 New
SRC
30
Shufro Rose & Co
New York
$60K – – –
Susquehanna International Group
31
Susquehanna International Group
Pennsylvania
$59K -$46K -10,447 -43%
PHS
32
Pekin Hardy Strauss
Illinois
$59K – – –
PAS
33
Partnervest Advisory Services
California
$57K – – –
BKA
34
Brick & Kyle Associates
Pennsylvania
$53K +$55K +12,500 New
PVWM
35
Point View Wealth Management
New Jersey
$45K – – –
Cetera Investment Advisers
36
Cetera Investment Advisers
Illinois
$43K – – –
AWMS
37
Advocacy Wealth Management Services
Georgia
$34K +$8.81K +2,000 +33%
MOS
38
MGO One Seven
Ohio
$27K +$28.7K +6,506 New
Northwestern Mutual Wealth Management
39
Northwestern Mutual Wealth Management
Wisconsin
$24K – – –
PNC Financial Services Group
40
PNC Financial Services Group
Pennsylvania
$21K – – –
Citigroup
41
Citigroup
New York
$20K -$19.6K -4,458 -49%
APA
42
American Portfolios Advisors
New York
$17K – – –
LTFS
43
Ladenburg Thalmann Financial Services
Florida
$15K +$6.91K +1,568 +81%
1IA
44
1834 Investment Advisors
Wisconsin
$11K – – –
FHB
45
First Hawaiian Bank
Hawaii
$10K – – –
MFW
46
Mosaic Family Wealth
Missouri
$8K – – –
CWA
47
Clarus Wealth Advisors
Arizona
$6K – – –
IF
48
Ironwood Financial
Arizona
$6K – – –
SWM
49
SeaCrest Wealth Management
New York
$6K – – –
BlackRock
50
BlackRock
New York
$2K – – –
1
2
3

PIM Hedge Fund Activity: Q4 2018 in Review

52 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Franklin Master Intermediate Income Trust (PIM) for Q4 2018, worth a combined $56.6M — down 1.7% from $57.6M a quarter earlier.

Sellers outnumbered buyers: 12 funds closed out of PIM and 8 opened new positions — a net loss of 4 holders — while 16 trimmed existing stakes and 8 added.

The largest buyer was 1607 Capital Partners, adding an estimated $5.94M. The largest seller was Sit Investment Associates, cutting an estimated $3.1M.

  • 52 institutional investors held Franklin Master Intermediate Income Trust (PIM) as of Q4 2018, down from 58 in Q3 2018.
  • Funds reported $56.6M of Franklin Master Intermediate Income Trust stock for Q4 2018, down 1.7% quarter-over-quarter.
  • 8 funds opened new Franklin Master Intermediate Income Trust positions in Q4 2018 and 12 closed out, a net change of -4 holders.
  • The largest Franklin Master Intermediate Income Trust buyer in Q4 2018 was 1607 Capital Partners, an estimated $5.94M added.
  • The largest Franklin Master Intermediate Income Trust seller in Q4 2018 was Sit Investment Associates, an estimated $3.1M sold.

Based on aggregated 13F filings for Q4 2018.