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PIM

Franklin Master Intermediate Income Trust
PIM

49 hedge funds and large institutions have $54.8M invested in Franklin Master Intermediate Income Trust in 2019 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 15 increasing their positions, 11 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

36% more repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 11

2% more capital invested

Capital invested by funds: $53.6M → $54.8M (+$1.22M)

0.21% less ownership

Funds ownership: 22.47% → 22.25% (-0.21%)

9% less funds holding

Funds holding: 54 → 49 (-5)

40% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 10

Holders
49
Holders Change
-5
Holders Change %
-9.26%
% of All Funds
0.97%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
6
Increased
15
Reduced
11
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
TA
TCG Advisors
Texas
+$267K
2
RJFSA
Raymond James Financial Services Advisors
Florida
+$190K
3
BS
Boenning & Scattergood
Pennsylvania
+$93.8K
4
Invesco
Invesco
Georgia
+$72.4K
5
CWM
Concentric Wealth Management
California
+$59.2K

Top Sellers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
-$345K
2
SFS
Shaker Financial Services
Virginia
-$312K
3
PPA
Parametric Portfolio Associates
Washington
-$265K
4
Bank of America
Bank of America
North Carolina
-$164K
5
CWP
Capital Wealth Planning
Florida
-$133K
Name Holding Trade Value Shares
Change 		Change in
Stake
CFG
26
Citizens Financial Group
Rhode Island
$78K – – –
NL
27
NWAM LLC
Washington
$76K – – –
OC
28
Oarsman Capital
Wisconsin
$75K – – –
GLLW
29
Graves Light Lenhart Wealth
Virginia
$68K – – –
PHS
30
Pekin Hardy Strauss
Illinois
$66K – – –
PAS
31
Partnervest Advisory Services
California
$64K – – –
LPL Financial
32
LPL Financial
California
$63K +$56 +12 +0.1%
9WM
33
9258 Wealth Management
Ohio
$60K -$28.2K -6,000 -32%
CWM
34
Concentric Wealth Management
California
$60K +$59.2K +12,600 New
OC
35
Oppenheimer & Co
New York
$59K +$58K +12,352 New
SRC
36
Shufro Rose & Co
New York
$52K – – –
PVWM
37
Point View Wealth Management
New Jersey
$51K – – –
Royal Bank of Canada
38
Royal Bank of Canada
Ontario, Canada
$34K -$89.6K -19,069 -72%
Northwestern Mutual Wealth Management
39
Northwestern Mutual Wealth Management
Wisconsin
$27K – – –
PNC Financial Services Group
40
PNC Financial Services Group
Pennsylvania
$24K – – –
Citigroup
41
Citigroup
New York
$23K +$4.45K +946 +25%
APA
42
American Portfolios Advisors
New York
$19K – – –
1IA
43
1834 Investment Advisors
Wisconsin
$12K – – –
LTFS
44
Ladenburg Thalmann Financial Services
Florida
$10K -$3.07K -653 -24%
TRCT
45
Tower Research Capital (TRC)
New York
$10K +$10.3K +2,200 New
IF
46
Ironwood Financial
Arizona
$7K – – –
RCA
47
Ranch Capital Advisors
Florida
$4K +$4.12K +876 New
BlackRock
48
BlackRock
New York
$2K – – –
SPIA
49
Steward Partners Investment Advisory
New York
$1K -$2.45K -522 -57%
CWP
50
Capital Wealth Planning
Florida
– -$133K -28,400 Closed
1
2
3

PIM Hedge Fund Activity: Q4 2019 in Review

49 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Franklin Master Intermediate Income Trust (PIM) for Q4 2019, worth a combined $54.8M — up 2.3% from $53.6M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of PIM and 6 opened new positions — a net loss of 4 holders — while 11 trimmed existing stakes and 15 added.

The largest buyer was TCG Advisors, adding an estimated $267K. The largest seller was Sit Investment Associates, cutting an estimated $345K.

  • 49 institutional investors held Franklin Master Intermediate Income Trust (PIM) as of Q4 2019, down from 54 in Q3 2019.
  • Funds reported $54.8M of Franklin Master Intermediate Income Trust stock for Q4 2019, up 2.3% quarter-over-quarter.
  • 6 funds opened new Franklin Master Intermediate Income Trust positions in Q4 2019 and 10 closed out, a net change of -4 holders.
  • The largest Franklin Master Intermediate Income Trust buyer in Q4 2019 was TCG Advisors, an estimated $267K added.
  • The largest Franklin Master Intermediate Income Trust seller in Q4 2019 was Sit Investment Associates, an estimated $345K sold.

Based on aggregated 13F filings for Q4 2019.