Franklin Master Intermediate Income Trust
PIM
50 hedge funds and large institutions have $71.3M invested in Franklin Master Intermediate Income Trust in 2016 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 15 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
15% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 13
8% more capital invested
Capital invested by funds: $65.9M → $71.3M (+$5.38M)
0.97% more ownership
Funds ownership: 26.02% → 26.99% (+0.97%)
2% less funds holding
Funds holding: 51 → 50 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
+$2.24M |
| 2 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$768K |
| 3 |
AWMS
Advocacy Wealth Management Services
Atlanta,
Georgia
|
+$625K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$287K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$218K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$518K |
| 2 |
LCM
Laurion Capital Management
New York
|
-$409K |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$265K |
| 4 |
OC
Oarsman Capital
Milwaukee,
Wisconsin
|
-$53K |
| 5 |
SCM
Sterneck Capital Management
Kansas City,
Missouri
|
-$43.1K |
PIM Hedge Fund Activity: Q4 2016 in Review
50 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Franklin Master Intermediate Income Trust (PIM) for Q4 2016, worth a combined $71.3M — up 8.2% from $65.9M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new PIM positions and 4 closed out — a net gain of 1 holder — while 15 added to existing stakes and 13 trimmed.
The largest buyer was Envestnet Asset Management, adding an estimated $2.24M. The largest seller was 1607 Capital Partners, cutting an estimated $518K.
- 50 institutional investors held Franklin Master Intermediate Income Trust (PIM) as of Q4 2016, down from 51 in Q3 2016.
- Funds reported $71.3M of Franklin Master Intermediate Income Trust stock for Q4 2016, up 8.2% quarter-over-quarter.
- 5 funds opened new Franklin Master Intermediate Income Trust positions in Q4 2016 and 4 closed out, a net change of +1 holder.
- The largest Franklin Master Intermediate Income Trust buyer in Q4 2016 was Envestnet Asset Management, an estimated $2.24M added.
- The largest Franklin Master Intermediate Income Trust seller in Q4 2016 was 1607 Capital Partners, an estimated $518K sold.
Based on aggregated 13F filings for Q4 2016.