Franklin Master Intermediate Income Trust
PIM
55 hedge funds and large institutions have $86.3M invested in Franklin Master Intermediate Income Trust in 2015 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 15 increasing their positions, 14 reducing their positions, and 6 closing their positions.
5% more capital invested
Capital invested by funds: $82.1M → $86.3M (+$4.22M)
2.65% more ownership
Funds ownership: 28.07% → 30.73% (+2.7%)
7% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 14
4% less funds holding
Funds holding: 57 → 55 (-2)
17% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$2.93M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$1.69M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
+$1.66M |
| 4 |
AIG
American International Group
New York
|
+$425K |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$348K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$3.96M |
| 2 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$346K |
| 3 |
Morgan Stanley
New York
|
-$183K |
| 4 |
Invesco
Atlanta,
Georgia
|
-$137K |
| 5 |
SFM
Signet Financial Management
Parsippany,
New Jersey
|
-$106K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AAM
51
Advisors Asset Management
Monument,
Colorado
| $5K | -$179 | -37 | -3% |
|
|
DAM
52
Delta Asset Management
Memphis,
Tennessee
| $5K | – | – | – |
|
53
Fifth Third Bancorp
Cincinnati,
Ohio
| $3K | – | – | – |
|
|
NFG
54
Next Financial Group
Houston,
Texas
| $3K | – | – | – |
|
|
SFM
55
Signet Financial Management
Parsippany,
New Jersey
| – | -$106K | -22,000 | Closed |
|
56
Goldman Sachs
New York
| – | -$82K | -17,141 | Closed |
|
|
CFSG
57
Community Financial Services Group
Newport,
Vermont
| – | -$82K | -17,000 | Closed |
|
|
NPC
58
National Planning Corporation
El Segundo,
California
| – | -$14.3K | -2,940 | Closed |
|
|
BRWA
59
B. Riley Wealth Advisors
Boca Raton,
Florida
| – | -$9 | -1,900 | Closed |
|
|
M
60
MOTCO
San Antonio,
Texas
| – | -$4K | -736 | Closed |
|
61
Barclays
London,
United Kingdom
| – | -$126 | -26 | -29% |
|
PIM Hedge Fund Activity: Q1 2015 in Review
55 of the 3,752 institutional investors tracked by Wall St. Rank reported a position in Franklin Master Intermediate Income Trust (PIM) for Q1 2015, worth a combined $86.3M — up 5.1% from $82.1M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of PIM and 5 opened new positions — a net loss of 1 holder — while 14 trimmed existing stakes and 15 added.
The largest buyer was Sit Investment Associates, adding an estimated $2.93M. The largest seller was Saba Capital Management, cutting an estimated $3.96M.
- 55 institutional investors held Franklin Master Intermediate Income Trust (PIM) as of Q1 2015, down from 57 in Q4 2014.
- Funds reported $86.3M of Franklin Master Intermediate Income Trust stock for Q1 2015, up 5.1% quarter-over-quarter.
- 5 funds opened new Franklin Master Intermediate Income Trust positions in Q1 2015 and 6 closed out, a net change of -1 holder.
- The largest Franklin Master Intermediate Income Trust buyer in Q1 2015 was Sit Investment Associates, an estimated $2.93M added.
- The largest Franklin Master Intermediate Income Trust seller in Q1 2015 was Saba Capital Management, an estimated $3.96M sold.
Based on aggregated 13F filings for Q1 2015.