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PIM

Franklin Master Intermediate Income Trust
PIM

43 hedge funds and large institutions have $56.5M invested in Franklin Master Intermediate Income Trust in 2020 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 10 increasing their positions, 11 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

10% more capital invested

Capital invested by funds: $51.4M → $56.5M (+$5.1M)

2.22% more ownership

Funds ownership: 24.32% → 26.54% (+2.2%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

9% less repeat investments, than reductions

Existing positions increased: 10 | Existing positions reduced: 11

7% less funds holding

Funds holding: 46 → 43 (-3)

38% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 8

Holders
43
Holders Change
-3
Holders Change %
-6.52%
% of All Funds
0.87%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
5
Increased
10
Reduced
11
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
+$7.3M
2
Invesco
Invesco
Georgia
+$394K
3
SFS
Shaker Financial Services
Virginia
+$299K
4
PM
Penbrook Management
New York
+$296K
5
Citadel Advisors
Citadel Advisors
Florida
+$65.7K

Top Sellers

Rank Fund Capital Flow
1
TA
TCG Advisors
Texas
-$2.28M
2
Wells Fargo
Wells Fargo
California
-$456K
3
NFG
Next Financial Group
Texas
-$181K
4
UBS Group
UBS Group
Switzerland
-$174K
5
Bank of America
Bank of America
North Carolina
-$151K
Name Holding Trade Value Shares
Change 		Change in
Stake
PHS
26
Pekin Hardy Strauss
Illinois
$57K – – –
PAS
27
Partnervest Advisory Services
California
$55K – – –
HCM
28
Hollencrest Capital Management
California
$48K +$48.3K +11,631 New
SRC
29
Shufro Rose & Co
New York
$45K – – –
PVWM
30
Point View Wealth Management
New Jersey
$42K – – –
Royal Bank of Canada
31
Royal Bank of Canada
Ontario, Canada
$40K +$640 +154 +2%
Osaic Holdings
32
Osaic Holdings
Arizona
$31K -$17.3K -4,174 -35%
PNC Financial Services Group
33
PNC Financial Services Group
Pennsylvania
$21K – – –
APA
34
American Portfolios Advisors
New York
$12.3K -$4.16K -1,000 -25%
FMTCOCP
35
Farmers & Merchants Trust Co of Chambersburg PA
Pennsylvania
$12K – – –
1IA
36
1834 Investment Advisors
Wisconsin
$10K – – –
CBT
37
Central Bank & Trust
Kentucky
$8K +$8.31K +2,000 New
PS
38
Planned Solutions
California
$6K +$5.82K +1,400 New
ASN
39
Advisory Services Network
Georgia
$4K +$3.63K +873 New
AF
40
Allworth Financial
California
$3K – – –
RCA
41
Ranch Capital Advisors
Florida
$3K – – –
BlackRock
42
BlackRock
New York
$2K – – –
SPIA
43
Steward Partners Investment Advisory
New York
$2K – – –
TA
44
TCG Advisors
Texas
– -$2.28M -558,782 Closed
NFG
45
Next Financial Group
Texas
– -$181K -44,400 Closed
Jane Street
46
Jane Street
New York
– -$101K -24,866 Closed
HF
47
HRT Financial
New York
– -$51K -12,595 Closed
PAG
48
Private Advisor Group
New Jersey
– -$10K -2,500 Closed
CAN
49
Cetera Advisor Networks
California
– -$6K -1,591 Closed
CFB
50
Cullen/Frost Bankers
Texas
– -$4K -1,000 Closed
1
2

PIM Hedge Fund Activity: Q3 2020 in Review

43 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Franklin Master Intermediate Income Trust (PIM) for Q3 2020, worth a combined $56.5M — up 9.9% from $51.4M a quarter earlier.

Sellers outnumbered buyers: 8 funds closed out of PIM and 5 opened new positions — a net loss of 3 holders — while 11 trimmed existing stakes and 10 added.

The largest buyer was Sit Investment Associates, adding an estimated $7.3M. The largest seller was TCG Advisors, exiting entirely with an estimated $2.28M sold.

  • 43 institutional investors held Franklin Master Intermediate Income Trust (PIM) as of Q3 2020, down from 46 in Q2 2020.
  • Funds reported $56.5M of Franklin Master Intermediate Income Trust stock for Q3 2020, up 9.9% quarter-over-quarter.
  • 5 funds opened new Franklin Master Intermediate Income Trust positions in Q3 2020 and 8 closed out, a net change of -3 holders.
  • The largest Franklin Master Intermediate Income Trust buyer in Q3 2020 was Sit Investment Associates, an estimated $7.3M added.
  • The largest Franklin Master Intermediate Income Trust seller in Q3 2020 was TCG Advisors, an estimated $2.28M sold.

Based on aggregated 13F filings for Q3 2020.