Franklin Master Intermediate Income Trust
PIM
59 hedge funds and large institutions have $77.7M invested in Franklin Master Intermediate Income Trust in 2014 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 18 increasing their positions, 13 reducing their positions, and 5 closing their positions.
40% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 5
38% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 13
7% more capital invested
Capital invested by funds: $72.5M → $77.7M (+$5.19M)
4% more funds holding
Funds holding: 57 → 59 (+2)
1.65% more ownership
Funds ownership: 23.18% → 24.83% (+1.7%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$2.07M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$965K |
| 3 |
Invesco
Atlanta,
Georgia
|
+$965K |
| 4 |
JG
Jefferies Group
New York
|
+$685K |
| 5 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$655K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PM
Penbrook Management
New York
|
-$814K |
| 2 |
Morgan Stanley
New York
|
-$255K |
| 3 |
SCM
Sterneck Capital Management
Kansas City,
Missouri
|
-$151K |
| 4 |
AllianceBernstein
Nashville,
Tennessee
|
-$142K |
| 5 |
PP
Paloma Partners
Greenwich,
Connecticut
|
-$79K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MFS
51
MSI Financial Services
Springfield,
Massachusetts
| $7K | – | – | – |
|
|
AAM
52
Advisors Asset Management
Monument,
Colorado
| $5K | -$108 | -21 | -2% |
|
|
DAM
53
Delta Asset Management
Memphis,
Tennessee
| $5K | – | – | – |
|
|
M
54
MOTCO
San Antonio,
Texas
| $4K | – | – | – |
|
55
Bank of Montreal
Toronto,
Ontario, Canada
| $3K | – | – | – |
|
56
Envestnet Asset Management
Chicago,
Illinois
| $3K | – | – | – |
|
57
Fifth Third Bancorp
Cincinnati,
Ohio
| $3K | – | – | – |
|
|
NES
58
New England Securities
New York
| $3K | – | – | – |
|
|
NFG
59
Next Financial Group
Houston,
Texas
| $3K | +$3.17K | +617 | New |
|
|
60
AllianceBernstein
Nashville,
Tennessee
| – | -$142K | -27,480 | Closed |
|
|
PP
61
Paloma Partners
Greenwich,
Connecticut
| – | -$79K | -15,251 | Closed |
|
|
FAAS
62
First Allied Advisory Services
San Diego,
California
| – | -$66K | -13,004 | Closed |
|
|
CAN
63
Cetera Advisor Networks
El Segundo,
California
| – | -$57K | -11,005 | Closed |
|
|
TRCT
64
Tower Research Capital (TRC)
New York
| – | -$5K | -904 | Closed |
|
PIM Hedge Fund Activity: Q2 2014 in Review
59 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Franklin Master Intermediate Income Trust (PIM) for Q2 2014, worth a combined $77.7M — up 7.2% from $72.5M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new PIM positions and 5 closed out — a net gain of 2 holders — while 18 added to existing stakes and 13 trimmed.
The largest buyer was 1607 Capital Partners, adding an estimated $2.07M. The largest seller was Penbrook Management, cutting an estimated $814K.
- 59 institutional investors held Franklin Master Intermediate Income Trust (PIM) as of Q2 2014, up from 57 in Q1 2014.
- Funds reported $77.7M of Franklin Master Intermediate Income Trust stock for Q2 2014, up 7.2% quarter-over-quarter.
- 7 funds opened new Franklin Master Intermediate Income Trust positions in Q2 2014 and 5 closed out, a net change of +2 holders.
- The largest Franklin Master Intermediate Income Trust buyer in Q2 2014 was 1607 Capital Partners, an estimated $2.07M added.
- The largest Franklin Master Intermediate Income Trust seller in Q2 2014 was Penbrook Management, an estimated $814K sold.
Based on aggregated 13F filings for Q2 2014.