Franklin Master Intermediate Income Trust
PIM
48 hedge funds and large institutions have $81.3M invested in Franklin Master Intermediate Income Trust in 2015 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 10 increasing their positions, 15 reducing their positions, and 6 closing their positions.
1.06% more ownership
Funds ownership: 30.38% → 31.43% (+1.1%)
1% less capital invested
Capital invested by funds: $82.2M → $81.3M (-$926K)
6% less funds holding
Funds holding: 51 → 48 (-3)
33% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 15
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
|
+$2.63M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.2M |
| 3 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$1.14M |
| 4 |
SCM
Saba Capital Management
New York
|
+$264K |
| 5 |
AA
Ancora Advisors
Cleveland,
Ohio
|
+$233K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.4M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$429K |
| 3 |
Invesco
Atlanta,
Georgia
|
-$354K |
| 4 |
DA
Doliver Advisors
Houston,
Texas
|
-$216K |
| 5 |
SCM
Sterneck Capital Management
Kansas City,
Missouri
|
-$111K |
PIM Hedge Fund Activity: Q3 2015 in Review
48 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Franklin Master Intermediate Income Trust (PIM) for Q3 2015, worth a combined $81.3M — down 1.1% from $82.2M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of PIM and 3 opened new positions — a net loss of 3 holders — while 15 trimmed existing stakes and 10 added.
The largest buyer was Wells Fargo, adding an estimated $2.63M. The largest seller was Rivernorth Capital Management, cutting an estimated $1.4M.
- 48 institutional investors held Franklin Master Intermediate Income Trust (PIM) as of Q3 2015, down from 51 in Q2 2015.
- Funds reported $81.3M of Franklin Master Intermediate Income Trust stock for Q3 2015, down 1.1% quarter-over-quarter.
- 3 funds opened new Franklin Master Intermediate Income Trust positions in Q3 2015 and 6 closed out, a net change of -3 holders.
- The largest Franklin Master Intermediate Income Trust buyer in Q3 2015 was Wells Fargo, an estimated $2.63M added.
- The largest Franklin Master Intermediate Income Trust seller in Q3 2015 was Rivernorth Capital Management, an estimated $1.4M sold.
Based on aggregated 13F filings for Q3 2015.