Franklin Master Intermediate Income Trust
PIM
53 hedge funds and large institutions have $70.6M invested in Franklin Master Intermediate Income Trust in 2016 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 11 increasing their positions, 13 reducing their positions, and 4 closing their positions.
25% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 4
2% more funds holding
Funds holding: 52 → 53 (+1)
2.56% less ownership
Funds ownership: 30.99% → 28.43% (-2.6%)
10% less capital invested
Capital invested by funds: $78.2M → $70.6M (-$7.6M)
15% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$2.66M |
| 2 |
AWMS
Advocacy Wealth Management Services
Atlanta,
Georgia
|
+$1.98M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$500K |
| 4 |
LCM
Laurion Capital Management
New York
|
+$158K |
| 5 |
DA
Doliver Advisors
Houston,
Texas
|
+$152K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$7.82M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$3.05M |
| 3 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$344K |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$277K |
| 5 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$271K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
BlackRock
New York
| $2K | – | – | – |
|
|
NFG
52
Next Financial Group
Houston,
Texas
| $2K | – | – | – |
|
|
PPA
53
Parametric Portfolio Associates
Seattle,
Washington
| – | -$3.05M | -693,336 | Closed |
|
|
COLIM
54
City of London Investment Management
London,
United Kingdom
| – | -$344K | -78,170 | Closed |
|
|
AIG
55
American International Group
New York
| – | -$13K | -3,000 | Closed |
|
PIM Hedge Fund Activity: Q2 2016 in Review
53 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Franklin Master Intermediate Income Trust (PIM) for Q2 2016, worth a combined $70.6M — down 9.7% from $78.2M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new PIM positions and 4 closed out — a net gain of 1 holder — while 11 added to existing stakes and 13 trimmed.
The largest buyer was Sit Investment Associates, adding an estimated $2.66M. The largest seller was Wells Fargo, cutting an estimated $7.82M.
- 53 institutional investors held Franklin Master Intermediate Income Trust (PIM) as of Q2 2016, up from 52 in Q1 2016.
- Funds reported $70.6M of Franklin Master Intermediate Income Trust stock for Q2 2016, down 9.7% quarter-over-quarter.
- 5 funds opened new Franklin Master Intermediate Income Trust positions in Q2 2016 and 4 closed out, a net change of +1 holder.
- The largest Franklin Master Intermediate Income Trust buyer in Q2 2016 was Sit Investment Associates, an estimated $2.66M added.
- The largest Franklin Master Intermediate Income Trust seller in Q2 2016 was Wells Fargo, an estimated $7.82M sold.
Based on aggregated 13F filings for Q2 2016.