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PIM

Franklin Master Intermediate Income Trust
PIM

55 hedge funds and large institutions have $72.3M invested in Franklin Master Intermediate Income Trust in 2021 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 15 increasing their positions, 13 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

15% more repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 13

10% more capital invested

Capital invested by funds: $65.6M → $72.3M (+$6.66M)

2.32% more ownership

Funds ownership: 30.04% → 32.36% (+2.3%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

4% less funds holding

Funds holding: 57 → 55 (-2)

10% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 10

Holders
55
Holders Change
-2
Holders Change %
-3.51%
% of All Funds
0.97%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
9
Increased
15
Reduced
13
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
+$3.44M
2
SFS
Shaker Financial Services
Virginia
+$1.23M
3
Morgan Stanley
Morgan Stanley
New York
+$1.1M
4
PPA
Parametric Portfolio Associates
Washington
+$651K
5
Invesco
Invesco
Georgia
+$495K

Top Sellers

Rank Fund Capital Flow
1
HIP
HUB Investment Partners
Texas
-$1.43M
2
Millennium Management
Millennium Management
New York
-$269K
3
Citigroup
Citigroup
New York
-$132K
4
DAS
Dynamic Advisor Solutions
Arizona
-$130K
5
TCA
Transcend Capital Advisors
New Jersey
-$122K
Name Holding Trade Value Shares
Change 		Change in
Stake
BFS
26
Bard Financial Services
Connecticut
$93K – – –
Osaic Holdings
27
Osaic Holdings
Arizona
$86K +$21.1K +5,000 +33%
IAIM
28
International Assets Investment Management
Florida
$77K +$38K +9,022 +100%
BS
29
Boenning & Scattergood
Pennsylvania
$73K -$12.7K -3,000 -15%
CFG
30
Citizens Financial Group
Rhode Island
$71K – – –
SFS
31
Sowell Financial Services
Arkansas
$68K +$67.5K +16,000 New
GLLW
32
Graves Light Lenhart Wealth
Virginia
$62K – – –
CW
33
CreativeOne Wealth
Kansas
$58K – – –
OC
34
Oarsman Capital
Wisconsin
$58K – – –
WFC
35
Western Financial Corp
California
$58K – – –
Royal Bank of Canada
36
Royal Bank of Canada
Ontario, Canada
$56K +$18.8K +4,461 +52%
Wells Fargo
37
Wells Fargo
California
$53K -$16.8K -3,995 -25%
TSS
38
Two Sigma Securities
New York
$53K +$51.5K +12,203 New
SRC
39
Shufro Rose & Co
New York
$48K – – –
Calamos Advisors
40
Calamos Advisors
Illinois
$45K – – –
PNC Financial Services Group
41
PNC Financial Services Group
Pennsylvania
$35K +$12.6K +2,984 +60%
FIA
42
FNY Investment Advisers
New York
$25K -$40.3K -9,548 -62%
Bank of America
43
Bank of America
North Carolina
$25K +$1.32K +314 +6%
FMTCOCP
44
Farmers & Merchants Trust Co of Chambersburg PA
Pennsylvania
$13K – – –
APA
45
American Portfolios Advisors
New York
$13K – – –
1IA
46
1834 Investment Advisors
Wisconsin
$11K – – –
FI
47
FormulaFolio Investments
Michigan
$5K +$4.64K +1,101 New
RCA
48
Ranch Capital Advisors
Florida
$3K – – –
Northwestern Mutual Wealth Management
49
Northwestern Mutual Wealth Management
Wisconsin
$3K +$2.63K +624 New
GWSG
50
GPS Wealth Strategies Group
Colorado
$3K +$3.37K +800 New
1
2
3

PIM Hedge Fund Activity: Q1 2021 in Review

55 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Franklin Master Intermediate Income Trust (PIM) for Q1 2021, worth a combined $72.3M — up 10% from $65.6M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of PIM and 9 opened new positions — a net loss of 1 holder — while 13 trimmed existing stakes and 15 added.

The largest buyer was Sit Investment Associates, adding an estimated $3.44M. The largest seller was HUB Investment Partners, cutting an estimated $1.43M.

  • 55 institutional investors held Franklin Master Intermediate Income Trust (PIM) as of Q1 2021, down from 57 in Q4 2020.
  • Funds reported $72.3M of Franklin Master Intermediate Income Trust stock for Q1 2021, up 10% quarter-over-quarter.
  • 9 funds opened new Franklin Master Intermediate Income Trust positions in Q1 2021 and 10 closed out, a net change of -1 holder.
  • The largest Franklin Master Intermediate Income Trust buyer in Q1 2021 was Sit Investment Associates, an estimated $3.44M added.
  • The largest Franklin Master Intermediate Income Trust seller in Q1 2021 was HUB Investment Partners, an estimated $1.43M sold.

Based on aggregated 13F filings for Q1 2021.