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PIM

Franklin Master Intermediate Income Trust
PIM

50 hedge funds and large institutions have $53.5M invested in Franklin Master Intermediate Income Trust in 2019 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 7 increasing their positions, 16 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 6

4% more funds holding

Funds holding: 48 → 50 (+2)

1.59% less ownership

Funds ownership: 24.02% → 22.43% (-1.6%)

6% less capital invested

Capital invested by funds: $56.6M → $53.5M (-$3.17M)

56% less repeat investments, than reductions

Existing positions increased: 7 | Existing positions reduced: 16

Holders
50
Holders Change
+2
Holders Change %
+4.17%
% of All Funds
1.09%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
7
Reduced
16
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SFS
Shaker Financial Services
Virginia
+$882K
2
Invesco
Invesco
Georgia
+$149K
3
CWP
Capital Wealth Planning
Florida
+$129K
4
RJFSA
Raymond James Financial Services Advisors
Florida
+$84.7K
5
CFG
Citizens Financial Group
Rhode Island
+$74.8K

Top Sellers

Rank Fund Capital Flow
1
1CP
1607 Capital Partners
Virginia
-$2.5M
2
SIA
Sit Investment Associates
Minnesota
-$1.61M
3
Bank of America
Bank of America
North Carolina
-$364K
4
LCM
Landscape Capital Management
New Jersey
-$293K
5
PPA
Parametric Portfolio Associates
Washington
-$154K
Name Holding Trade Value Shares
Change 		Change in
Stake
CFG
26
Citizens Financial Group
Rhode Island
$76K +$74.8K +16,476 New
NL
27
NWAM LLC
Washington
$73K -$11.3K -2,500 -14%
OC
28
Oarsman Capital
Wisconsin
$73K – – –
Cambridge Investment Research Advisors
29
Cambridge Investment Research Advisors
Iowa
$66K -$6.65K -1,465 -9%
GLLW
30
Graves Light Lenhart Wealth
Virginia
$65.6K – – –
PHS
31
Pekin Hardy Strauss
Illinois
$64K – – –
PAS
32
Partnervest Advisory Services
California
$62K – – –
BCA
33
Biltmore Capital Advisors
New Jersey
$60K +$59K +13,000 New
SRC
34
Shufro Rose & Co
New York
$50K – – –
PVWM
35
Point View Wealth Management
New Jersey
$49K – – –
NFG
36
Next Financial Group
Texas
$46K +$45.5K +10,025 New
Northwestern Mutual Wealth Management
37
Northwestern Mutual Wealth Management
Wisconsin
$26K – – –
PNC Financial Services Group
38
PNC Financial Services Group
Pennsylvania
$23K – – –
Citigroup
39
Citigroup
New York
$21K -$1.3K -287 -6%
APA
40
American Portfolios Advisors
New York
$18.4K – – –
LTFS
41
Ladenburg Thalmann Financial Services
Florida
$18K -$1.32K -291 -7%
1IA
42
1834 Investment Advisors
Wisconsin
$11K – – –
CWA
43
Clarus Wealth Advisors
Arizona
$7K – – –
IF
44
Ironwood Financial
Arizona
$7K – – –
TC
45
Truvestments Capital
Florida
$4K – – –
SPIA
46
Steward Partners Investment Advisory
New York
$4K +$4.14K +912 New
EIP
47
Ellis Investment Partners
Pennsylvania
$4K +$4.64K +1,023 New
BlackRock
48
BlackRock
New York
$2K – – –
GWM
49
Geneos Wealth Management
Colorado
$1K – – –
FIA
50
FNY Investment Advisers
New York
$1K +$136 +30 +14%
1
2
3

PIM Hedge Fund Activity: Q2 2019 in Review

50 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Franklin Master Intermediate Income Trust (PIM) for Q2 2019, worth a combined $53.5M — down 5.6% from $56.6M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new PIM positions and 6 closed out — a net gain of 2 holders — while 7 added to existing stakes and 16 trimmed.

The largest buyer was Shaker Financial Services, opening a new position worth an estimated $882K. The largest seller was 1607 Capital Partners, cutting an estimated $2.5M.

  • 50 institutional investors held Franklin Master Intermediate Income Trust (PIM) as of Q2 2019, up from 48 in Q1 2019.
  • Funds reported $53.5M of Franklin Master Intermediate Income Trust stock for Q2 2019, down 5.6% quarter-over-quarter.
  • 8 funds opened new Franklin Master Intermediate Income Trust positions in Q2 2019 and 6 closed out, a net change of +2 holders.
  • The largest Franklin Master Intermediate Income Trust buyer in Q2 2019 was Shaker Financial Services, an estimated $882K added.
  • The largest Franklin Master Intermediate Income Trust seller in Q2 2019 was 1607 Capital Partners, an estimated $2.5M sold.

Based on aggregated 13F filings for Q2 2019.