Franklin Master Intermediate Income Trust
PIM
53 hedge funds and large institutions have $82.9M invested in Franklin Master Intermediate Income Trust in 2015 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 11 increasing their positions, 17 reducing their positions, and 7 closing their positions.
100% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 7
10% more funds holding
Funds holding: 48 → 53 (+5)
2% more capital invested
Capital invested by funds: $81.3M → $82.9M (+$1.66M)
0.36% more ownership
Funds ownership: 31.43% → 31.79% (+0.36%)
35% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 17
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.92M |
| 2 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$702K |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$213K |
| 4 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$209K |
| 5 |
LPL Financial
San Diego,
California
|
+$186K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.06M |
| 2 |
AIG
American International Group
New York
|
-$434K |
| 3 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$230K |
| 4 |
AA
Ancora Advisors
Cleveland,
Ohio
|
-$227K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$188K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PCM
51
Penserra Capital Management
Orinda,
California
| $3K | +$3.26K | +715 | New |
|
|
NFG
52
Next Financial Group
Houston,
Texas
| $2K | – | – | – |
|
|
AIA
53
Allegis Investment Advisors
Idaho Falls,
Idaho
| $2K | +$1.82K | +400 | New |
|
54
BlackRock
New York
| $2K | +$2.18K | +478 | New |
|
|
AA
55
Ancora Advisors
Cleveland,
Ohio
| – | -$227K | -50,256 | Closed |
|
|
VKH
56
Virtu KCG Holdings
New York
| – | -$88K | -19,413 | Closed |
|
|
SB
57
Suntrust Banks
Atlanta,
Georgia
| – | -$67K | -15,000 | Closed |
|
|
YMRC
58
Yorktown Management & Research Company
Forest,
Virginia
| – | -$47K | -10,500 | Closed |
|
59
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | -$21K | -4,860 | Closed |
|
60
Barclays
London,
United Kingdom
| – | -$6K | -1,569 | Closed |
|
|
DAM
61
Delta Asset Management
Memphis,
Tennessee
| – | -$5K | -1,002 | Closed |
|
PIM Hedge Fund Activity: Q4 2015 in Review
53 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in Franklin Master Intermediate Income Trust (PIM) for Q4 2015, worth a combined $82.9M — up 2% from $81.3M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new PIM positions and 7 closed out — a net gain of 7 holders — while 11 added to existing stakes and 17 trimmed.
The largest buyer was Sit Investment Associates, adding an estimated $1.92M. The largest seller was Rivernorth Capital Management, cutting an estimated $1.06M.
- 53 institutional investors held Franklin Master Intermediate Income Trust (PIM) as of Q4 2015, up from 48 in Q3 2015.
- Funds reported $82.9M of Franklin Master Intermediate Income Trust stock for Q4 2015, up 2% quarter-over-quarter.
- 14 funds opened new Franklin Master Intermediate Income Trust positions in Q4 2015 and 7 closed out, a net change of +7 holders.
- The largest Franklin Master Intermediate Income Trust buyer in Q4 2015 was Sit Investment Associates, an estimated $1.92M added.
- The largest Franklin Master Intermediate Income Trust seller in Q4 2015 was Rivernorth Capital Management, an estimated $1.06M sold.
Based on aggregated 13F filings for Q4 2015.