Franklin Master Intermediate Income Trust
PIM
52 hedge funds and large institutions have $78.2M invested in Franklin Master Intermediate Income Trust in 2016 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 12 increasing their positions, 14 reducing their positions, and 9 closing their positions.
0.8% less ownership
Funds ownership: 31.79% → 30.99% (-0.8%)
2% less funds holding
Funds holding: 53 → 52 (-1)
6% less capital invested
Capital invested by funds: $82.9M → $78.2M (-$4.75M)
11% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 9
14% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AWMS
Advocacy Wealth Management Services
Atlanta,
Georgia
|
+$3.07M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$2.51M |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$332K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$117K |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$101K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$3.84M |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$2.1M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$1.21M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$288K |
| 5 |
SCM
Saba Capital Management
New York
|
-$259K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PCM
51
Penserra Capital Management
Orinda,
California
| $2 | -$472 | -110 | -15% |
|
|
SCM
52
Saba Capital Management
New York
| – | -$259K | -56,893 | Closed |
|
|
WAM
53
Weiss Asset Management
Boston,
Massachusetts
| – | -$109K | -23,939 | Closed |
|
|
RMDI
54
R.M. Davis Inc
Portland,
Maine
| – | -$94K | -20,657 | Closed |
|
|
VAM
55
Visium Asset Management
New York
| – | -$72K | -15,733 | Closed |
|
56
SG Americas Securities
New York
| – | -$67K | -14,766 | Closed |
|
|
SKK
57
Shepherd Kaplan Krochuk
Boston,
Massachusetts
| – | -$63K | -13,920 | Closed |
|
|
IA
58
IFP Advisors
Tampa,
Florida
| – | -$27K | -5,934 | Closed |
|
|
ZB
59
Zions Bancorporation
Salt Lake City,
Utah
| – | -$6K | -1,500 | Closed |
|
|
AIA
60
Allegis Investment Advisors
Idaho Falls,
Idaho
| – | -$2K | -400 | Closed |
|
61
Barclays
London,
United Kingdom
| – | +$86 | +20 | New |
|
|
CFA
62
Carroll Financial Associates
Charlotte,
North Carolina
| – | +$257 | +60 | New |
|
PIM Hedge Fund Activity: Q1 2016 in Review
52 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Franklin Master Intermediate Income Trust (PIM) for Q1 2016, worth a combined $78.2M — down 5.7% from $82.9M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of PIM and 8 opened new positions — a net loss of 1 holder — while 14 trimmed existing stakes and 12 added.
The largest buyer was Advocacy Wealth Management Services, opening a new position worth an estimated $3.07M. The largest seller was Wells Fargo, cutting an estimated $3.84M.
- 52 institutional investors held Franklin Master Intermediate Income Trust (PIM) as of Q1 2016, down from 53 in Q4 2015.
- Funds reported $78.2M of Franklin Master Intermediate Income Trust stock for Q1 2016, down 5.7% quarter-over-quarter.
- 8 funds opened new Franklin Master Intermediate Income Trust positions in Q1 2016 and 9 closed out, a net change of -1 holder.
- The largest Franklin Master Intermediate Income Trust buyer in Q1 2016 was Advocacy Wealth Management Services, an estimated $3.07M added.
- The largest Franklin Master Intermediate Income Trust seller in Q1 2016 was Wells Fargo, an estimated $3.84M sold.
Based on aggregated 13F filings for Q1 2016.