Franklin Master Intermediate Income Trust
PIM
51 hedge funds and large institutions have $82.2M invested in Franklin Master Intermediate Income Trust in 2015 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 15 increasing their positions, 19 reducing their positions, and 6 closing their positions.
0.35% less ownership
Funds ownership: 30.73% → 30.38% (-0.35%)
5% less capital invested
Capital invested by funds: $86.3M → $82.2M (-$4.11M)
7% less funds holding
Funds holding: 55 → 51 (-4)
21% less repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 19
50% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$3.3M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
+$725K |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$498K |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$254K |
| 5 |
DA
Doliver Advisors
Houston,
Texas
|
+$221K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$3.29M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$464K |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$423K |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$400K |
| 5 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$380K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Barclays
London,
United Kingdom
| $3K | +$2.74K | +567 | +872% |
|
|
NFG
52
Next Financial Group
Houston,
Texas
| $2K | – | – | – |
|
|
SCM
53
Saba Capital Management
New York
| – | -$3.29M | -670,890 | Closed |
|
|
RJFSA
54
Raymond James Financial Services Advisors
St. Petersburg,
Florida
| – | -$400K | -81,625 | Closed |
|
|
TJHA
55
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
| – | -$380K | -77,528 | Closed |
|
|
HCM
56
Horrell Capital Management
Little Rock,
Arkansas
| – | -$16K | -3,000 | Closed |
|
57
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$3K | -647 | Closed |
|
PIM Hedge Fund Activity: Q2 2015 in Review
51 of the 3,711 institutional investors tracked by Wall St. Rank reported a position in Franklin Master Intermediate Income Trust (PIM) for Q2 2015, worth a combined $82.2M — down 4.8% from $86.3M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of PIM and 3 opened new positions — a net loss of 3 holders — while 19 trimmed existing stakes and 15 added.
The largest buyer was Wells Fargo, adding an estimated $3.3M. The largest seller was Saba Capital Management, exiting entirely with an estimated $3.29M sold.
- 51 institutional investors held Franklin Master Intermediate Income Trust (PIM) as of Q2 2015, down from 55 in Q1 2015.
- Funds reported $82.2M of Franklin Master Intermediate Income Trust stock for Q2 2015, down 4.8% quarter-over-quarter.
- 3 funds opened new Franklin Master Intermediate Income Trust positions in Q2 2015 and 6 closed out, a net change of -3 holders.
- The largest Franklin Master Intermediate Income Trust buyer in Q2 2015 was Wells Fargo, an estimated $3.3M added.
- The largest Franklin Master Intermediate Income Trust seller in Q2 2015 was Saba Capital Management, an estimated $3.29M sold.
Based on aggregated 13F filings for Q2 2015.