Franklin Master Intermediate Income Trust
PIM
55 hedge funds and large institutions have $68.1M invested in Franklin Master Intermediate Income Trust in 2017 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 14 increasing their positions, 11 reducing their positions, and 4 closing their positions.
150% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 4
27% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 11
10% more funds holding
Funds holding: 50 → 55 (+5)
4% less capital invested
Capital invested by funds: $71.3M → $68.1M (-$3.19M)
1.64% less ownership
Funds ownership: 26.99% → 25.35% (-1.6%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.59M |
| 2 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$630K |
| 3 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$436K |
| 4 |
Invesco
Atlanta,
Georgia
|
+$243K |
| 5 |
Morgan Stanley
New York
|
+$211K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$6.69M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$1.19M |
| 3 |
AWMS
Advocacy Wealth Management Services
Atlanta,
Georgia
|
-$542K |
| 4 |
SCM
Sterneck Capital Management
Kansas City,
Missouri
|
-$323K |
| 5 |
DA
Doliver Advisors
Houston,
Texas
|
-$77.5K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Citigroup
New York
| $3K | +$392 | +84 | +13% |
|
52
BlackRock
New York
| $2K | – | – | – |
|
53
SEI Investments
Oaks,
Pennsylvania
| $2K | – | – | – |
|
|
SPIA
54
Steward Partners Investment Advisory
New York
| $1K | – | – | – |
|
|
1CP
55
1607 Capital Partners
Richmond,
Virginia
| – | -$6.69M | -1,452,143 | Closed |
|
56
Squarepoint
New York
| – | -$73K | -15,800 | Closed |
|
57
JP Morgan Chase
New York
| – | -$7K | -1,500 | Closed |
|
|
SFS
58
Sowell Financial Services
North Little Rock,
Arkansas
| – | -$7K | -1,476 | Closed |
|
PIM Hedge Fund Activity: Q1 2017 in Review
55 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Franklin Master Intermediate Income Trust (PIM) for Q1 2017, worth a combined $68.1M — down 4.5% from $71.3M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new PIM positions and 4 closed out — a net gain of 6 holders — while 14 added to existing stakes and 11 trimmed.
The largest buyer was Sit Investment Associates, adding an estimated $1.59M. The largest seller was 1607 Capital Partners, exiting entirely with an estimated $6.69M sold.
- 55 institutional investors held Franklin Master Intermediate Income Trust (PIM) as of Q1 2017, up from 50 in Q4 2016.
- Funds reported $68.1M of Franklin Master Intermediate Income Trust stock for Q1 2017, down 4.5% quarter-over-quarter.
- 10 funds opened new Franklin Master Intermediate Income Trust positions in Q1 2017 and 4 closed out, a net change of +6 holders.
- The largest Franklin Master Intermediate Income Trust buyer in Q1 2017 was Sit Investment Associates, an estimated $1.59M added.
- The largest Franklin Master Intermediate Income Trust seller in Q1 2017 was 1607 Capital Partners, an estimated $6.69M sold.
Based on aggregated 13F filings for Q1 2017.