Franklin Master Intermediate Income Trust
PIM
51 hedge funds and large institutions have $61.5M invested in Franklin Master Intermediate Income Trust in 2017 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 11 increasing their positions, 14 reducing their positions, and 10 closing their positions.
2.41% less ownership
Funds ownership: 25.35% → 22.94% (-2.4%)
7% less funds holding
Funds holding: 55 → 51 (-4)
10% less capital invested
Capital invested by funds: $68.1M → $61.5M (-$6.57M)
21% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 14
40% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$1.04M |
| 2 |
SG Americas Securities
New York
|
+$277K |
| 3 |
CBA
Coastal Bridge Advisors
Westport,
Connecticut
|
+$258K |
| 4 |
Morgan Stanley
New York
|
+$172K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$159K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AWMS
Advocacy Wealth Management Services
Atlanta,
Georgia
|
-$3.06M |
| 2 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$2.32M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$1.19M |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$831K |
| 5 |
SCM
Sterneck Capital Management
Kansas City,
Missouri
|
-$355K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SPIA
51
Steward Partners Investment Advisory
New York
| $1K | – | – | – |
|
52
LPL Financial
San Diego,
California
| – | -$138K | -29,165 | Closed |
|
|
FIMG
53
Financial & Investment Management Group
Traverse City,
Michigan
| – | -$119K | -25,420 | Closed |
|
|
DA
54
Doliver Advisors
Houston,
Texas
| – | -$83K | -17,722 | Closed |
|
55
Ameriprise
Minneapolis,
Minnesota
| – | -$65K | -13,810 | Closed |
|
|
PR
56
Payden & Rygel
Los Angeles,
California
| – | -$64K | -13,690 | Closed |
|
|
IH
57
IFC Holdings
Tampa,
Florida
| – | -$54K | -11,508 | Closed |
|
58
Millennium Management
New York
| – | -$51K | -10,974 | Closed |
|
59
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$7K | -1,503 | Closed |
|
|
AAM
60
Advisors Asset Management
Monument,
Colorado
| – | -$4K | -819 | Closed |
|
61
SEI Investments
Oaks,
Pennsylvania
| – | -$2K | -418 | Closed |
|
PIM Hedge Fund Activity: Q2 2017 in Review
51 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Franklin Master Intermediate Income Trust (PIM) for Q2 2017, worth a combined $61.5M — down 9.6% from $68.1M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of PIM and 6 opened new positions — a net loss of 4 holders — while 14 trimmed existing stakes and 11 added.
The largest buyer was Parametric Portfolio Associates, opening a new position worth an estimated $1.04M. The largest seller was Advocacy Wealth Management Services, cutting an estimated $3.06M.
- 51 institutional investors held Franklin Master Intermediate Income Trust (PIM) as of Q2 2017, down from 55 in Q1 2017.
- Funds reported $61.5M of Franklin Master Intermediate Income Trust stock for Q2 2017, down 9.6% quarter-over-quarter.
- 6 funds opened new Franklin Master Intermediate Income Trust positions in Q2 2017 and 10 closed out, a net change of -4 holders.
- The largest Franklin Master Intermediate Income Trust buyer in Q2 2017 was Parametric Portfolio Associates, an estimated $1.04M added.
- The largest Franklin Master Intermediate Income Trust seller in Q2 2017 was Advocacy Wealth Management Services, an estimated $3.06M sold.
Based on aggregated 13F filings for Q2 2017.