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PIM

Franklin Master Intermediate Income Trust
PIM

54 hedge funds and large institutions have $53.6M invested in Franklin Master Intermediate Income Trust in 2019 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 13 increasing their positions, 11 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 4

18% more repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 11

8% more funds holding

Funds holding: 50 → 54 (+4)

0% more capital invested

Capital invested by funds: $53.5M → $53.6M (+$87.1K)

0.04% more ownership

Funds ownership: 22.43% → 22.47% (+0.04%)

Holders
54
Holders Change
+4
Holders Change %
+8%
% of All Funds
1.18%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
13
Reduced
11
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
+$3.88M
2
TA
TCG Advisors
Texas
+$2.21M
3
Wells Fargo
Wells Fargo
California
+$271K
4
PPA
Parametric Portfolio Associates
Washington
+$163K
5
AGM
Alpine Global Management
New York
+$110K

Top Sellers

Rank Fund Capital Flow
1
1CP
1607 Capital Partners
Virginia
-$5.46M
2
Invesco
Invesco
Georgia
-$611K
3
LCM
Landscape Capital Management
New Jersey
-$342K
4
Bank of America
Bank of America
North Carolina
-$314K
5
PM
Penbrook Management
New York
-$145K
Name Holding Trade Value Shares
Change 		Change in
Stake
AG
26
Advisor Group
Arizona
$83K – – –
NFG
27
Next Financial Group
Texas
$79K +$32.6K +7,100 +71%
CFG
28
Citizens Financial Group
Rhode Island
$76K – – –
NL
29
NWAM LLC
Washington
$73K – – –
OC
30
Oarsman Capital
Wisconsin
$73K – – –
GLLW
31
Graves Light Lenhart Wealth
Virginia
$67K – – –
PHS
32
Pekin Hardy Strauss
Illinois
$64K – – –
HF
33
HRT Financial
New York
$64K +$64K +13,946 New
PAS
34
Partnervest Advisory Services
California
$62K – – –
LPL Financial
35
LPL Financial
California
$61K -$57.9K -12,615 -49%
BCA
36
Biltmore Capital Advisors
New Jersey
$60K – – –
Jane Street
37
Jane Street
New York
$52K +$52K +11,329 New
SRC
38
Shufro Rose & Co
New York
$50K – – –
PVWM
39
Point View Wealth Management
New Jersey
$49K – – –
Millennium Management
40
Millennium Management
New York
$48K +$48.4K +10,535 New
Northwestern Mutual Wealth Management
41
Northwestern Mutual Wealth Management
Wisconsin
$26K – – –
PNC Financial Services Group
42
PNC Financial Services Group
Pennsylvania
$23K – – –
APA
43
American Portfolios Advisors
New York
$18.4K – – –
Citigroup
44
Citigroup
New York
$17K -$3.95K -860 -18%
LTFS
45
Ladenburg Thalmann Financial Services
Florida
$12K -$6.05K -1,318 -33%
1IA
46
1834 Investment Advisors
Wisconsin
$11K +$11.5K +2,500 New
IF
47
Ironwood Financial
Arizona
$7K – – –
TC
48
Truvestments Capital
Florida
$4K – – –
SPIA
49
Steward Partners Investment Advisory
New York
$4K +$46 +10 +1%
RCAG
50
Rehmann Capital Advisory Group
Michigan
$2.78K +$2.77K +604 New
1
2
3

PIM Hedge Fund Activity: Q3 2019 in Review

54 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Franklin Master Intermediate Income Trust (PIM) for Q3 2019, worth a combined $53.6M — up 0.16% from $53.5M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new PIM positions and 4 closed out — a net gain of 4 holders — while 13 added to existing stakes and 11 trimmed.

The largest buyer was Sit Investment Associates, adding an estimated $3.88M. The largest seller was 1607 Capital Partners, exiting entirely with an estimated $5.46M sold.

  • 54 institutional investors held Franklin Master Intermediate Income Trust (PIM) as of Q3 2019, up from 50 in Q2 2019.
  • Funds reported $53.6M of Franklin Master Intermediate Income Trust stock for Q3 2019, up 0.16% quarter-over-quarter.
  • 8 funds opened new Franklin Master Intermediate Income Trust positions in Q3 2019 and 4 closed out, a net change of +4 holders.
  • The largest Franklin Master Intermediate Income Trust buyer in Q3 2019 was Sit Investment Associates, an estimated $3.88M added.
  • The largest Franklin Master Intermediate Income Trust seller in Q3 2019 was 1607 Capital Partners, an estimated $5.46M sold.

Based on aggregated 13F filings for Q3 2019.