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PIM

Franklin Master Intermediate Income Trust
PIM

48 hedge funds and large institutions have $56.6M invested in Franklin Master Intermediate Income Trust in 2019 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 15 increasing their positions, 9 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

67% more repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 9

0% less capital invested

Capital invested by funds: $56.6M → $56.6M (-$10.9K)

0.84% less ownership

Funds ownership: 24.86% → 24.02% (-0.84%)

8% less funds holding

Funds holding: 52 → 48 (-4)

50% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 6

Holders
48
Holders Change
-4
Holders Change %
-7.69%
% of All Funds
1.04%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
3
Increased
15
Reduced
9
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
1CP
1607 Capital Partners
Virginia
+$475K
2
LCM
Landscape Capital Management
New Jersey
+$225K
3
Invesco
Invesco
Georgia
+$163K
4
Morgan Stanley
Morgan Stanley
New York
+$118K
5
DAS
Dynamic Advisor Solutions
Arizona
+$35.8K

Top Sellers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
-$2.79M
2
UBS Group
UBS Group
Switzerland
-$374K
3
MAFM
Mid Atlantic Financial Management
Pennsylvania
-$294K
4
PPA
Parametric Portfolio Associates
Washington
-$74.2K
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$59K
Name Holding Trade Value Shares
Change 		Change in
Stake
Cambridge Investment Research Advisors
26
Cambridge Investment Research Advisors
Iowa
$72K +$2.53K +570 +4%
OC
27
Oarsman Capital
Wisconsin
$72K +$4.89K +1,100 +7%
GLLW
28
Graves Light Lenhart Wealth
Virginia
$64.9K – – –
PHS
29
Pekin Hardy Strauss
Illinois
$63K – – –
PAS
30
Partnervest Advisory Services
California
$61K – – –
SRC
31
Shufro Rose & Co
New York
$50K -$13.3K -3,000 -21%
PVWM
32
Point View Wealth Management
New Jersey
$49K – – –
Northwestern Mutual Wealth Management
33
Northwestern Mutual Wealth Management
Wisconsin
$26K – – –
PNC Financial Services Group
34
PNC Financial Services Group
Pennsylvania
$23K – – –
Citigroup
35
Citigroup
New York
$22K +$1.44K +323 +7%
LTFS
36
Ladenburg Thalmann Financial Services
Florida
$20K +$3.71K +834 +24%
APA
37
American Portfolios Advisors
New York
$18.2K – – –
1IA
38
1834 Investment Advisors
Wisconsin
$11K – – –
FHB
39
First Hawaiian Bank
Hawaii
$11K – – –
MFW
40
Mosaic Family Wealth
Missouri
$9K – – –
CWA
41
Clarus Wealth Advisors
Arizona
$7K – – –
IF
42
Ironwood Financial
Arizona
$7K – – –
SWM
43
SeaCrest Wealth Management
New York
$7K – – –
SHIM
44
Stone House Investment Management
Pennsylvania
$5K +$4.62K +1,040 New
TC
45
Truvestments Capital
Florida
$4K +$3.89K +876 New
BlackRock
46
BlackRock
New York
$2K – – –
GWM
47
Geneos Wealth Management
Colorado
$1K – – –
PCIA
48
Prime Capital Investment Advisors
Kansas
$1K +$1.13K +255 New
Susquehanna International Group
49
Susquehanna International Group
Pennsylvania
– -$59K -13,916 Closed
BKA
50
Brick & Kyle Associates
Pennsylvania
– -$53K -12,500 Closed
1
2
3

PIM Hedge Fund Activity: Q1 2019 in Review

48 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in Franklin Master Intermediate Income Trust (PIM) for Q1 2019, worth a combined $56.6M — down 0.02% from $56.6M a quarter earlier.

Sellers outnumbered buyers: 6 funds closed out of PIM and 3 opened new positions — a net loss of 3 holders — while 9 trimmed existing stakes and 15 added.

The largest buyer was 1607 Capital Partners, adding an estimated $475K. The largest seller was Sit Investment Associates, cutting an estimated $2.79M.

  • 48 institutional investors held Franklin Master Intermediate Income Trust (PIM) as of Q1 2019, down from 52 in Q4 2018.
  • Funds reported $56.6M of Franklin Master Intermediate Income Trust stock for Q1 2019, down 0.02% quarter-over-quarter.
  • 3 funds opened new Franklin Master Intermediate Income Trust positions in Q1 2019 and 6 closed out, a net change of -3 holders.
  • The largest Franklin Master Intermediate Income Trust buyer in Q1 2019 was 1607 Capital Partners, an estimated $475K added.
  • The largest Franklin Master Intermediate Income Trust seller in Q1 2019 was Sit Investment Associates, an estimated $2.79M sold.

Based on aggregated 13F filings for Q1 2019.