Franklin Master Intermediate Income Trust
PIM
52 hedge funds and large institutions have $56.2M invested in Franklin Master Intermediate Income Trust in 2013 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 20 increasing their positions, 14 reducing their positions, and 11 closing their positions.
43% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 14
1% more capital invested
Capital invested by funds: $55.6M → $56.2M (+$523K)
0.55% more ownership
Funds ownership: 16.98% → 17.53% (+0.55%)
10% less funds holding
Funds holding: 58 → 52 (-6)
55% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FAAS
First Allied Advisory Services
San Diego,
California
|
+$2.58M |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$2.19M |
| 3 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
+$1.23M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$766K |
| 5 |
FAAM
First Allied Asset Management
San Diego,
California
|
+$754K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NCM
Newgate Capital Management
Greenwich,
Connecticut
|
-$2.91M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$1.29M |
| 3 |
PI
Placemark Investments
Chicago,
Illinois
|
-$731K |
| 4 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$625K |
| 5 |
Morgan Stanley
New York
|
-$530K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
NES
51
New England Securities
New York
| $2K | – | – | – |
|
52
Envestnet Asset Management
Chicago,
Illinois
| $2K | +$5 | +1 | +0.2% |
|
|
BFEC
53
Benjamin F. Edwards & Company
St. Louis,
Missouri
| $1K | – | – | – |
|
|
SFS
54
Shaker Financial Services
Arlington,
Virginia
| – | -$1.29M | -259,079 | Closed |
|
|
PI
55
Placemark Investments
Chicago,
Illinois
| – | -$731K | -146,815 | Closed |
|
56
JP Morgan Chase
New York
| – | -$87K | -17,400 | Closed |
|
|
TC
57
TFS Capital
West Chester,
Pennsylvania
| – | -$76K | -15,300 | Closed |
|
|
WAM
58
Wolverine Asset Management
Chicago,
Illinois
| – | -$69K | -14,005 | Closed |
|
|
B
59
Baird
Milwaukee,
Wisconsin
| – | -$64K | -12,756 | Closed |
|
|
PP
60
Paloma Partners
Greenwich,
Connecticut
| – | -$61K | -12,200 | Closed |
|
|
SI
61
SII Investments
Appleton,
Wisconsin
| – | -$54K | -10,914 | Closed |
|
62
Bank of New York Mellon
New York
| – | -$53K | -10,644 | Closed |
|
|
PAS
63
Partnervest Advisory Services
Santa Barbara,
California
| – | -$29K | -5,796 | Closed |
|
|
AC
64
Alexandria Capital
Arlington,
Virginia
| – | -$1K | -211 | Closed |
|
PIM Hedge Fund Activity: Q3 2013 in Review
52 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Franklin Master Intermediate Income Trust (PIM) for Q3 2013, worth a combined $56.2M — up 0.94% from $55.6M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of PIM and 5 opened new positions — a net loss of 6 holders — while 14 trimmed existing stakes and 20 added.
The largest buyer was First Allied Advisory Services, adding an estimated $2.58M. The largest seller was Newgate Capital Management, cutting an estimated $2.91M.
- 52 institutional investors held Franklin Master Intermediate Income Trust (PIM) as of Q3 2013, down from 58 in Q2 2013.
- Funds reported $56.2M of Franklin Master Intermediate Income Trust stock for Q3 2013, up 0.94% quarter-over-quarter.
- 5 funds opened new Franklin Master Intermediate Income Trust positions in Q3 2013 and 11 closed out, a net change of -6 holders.
- The largest Franklin Master Intermediate Income Trust buyer in Q3 2013 was First Allied Advisory Services, an estimated $2.58M added.
- The largest Franklin Master Intermediate Income Trust seller in Q3 2013 was Newgate Capital Management, an estimated $2.91M sold.
Based on aggregated 13F filings for Q3 2013.