Franklin Master Intermediate Income Trust
PIM
47 hedge funds and large institutions have $60.4M invested in Franklin Master Intermediate Income Trust in 2017 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 13 increasing their positions, 10 reducing their positions, and 6 closing their positions.
30% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 10
0.67% less ownership
Funds ownership: 22.94% → 22.28% (-0.67%)
2% less capital invested
Capital invested by funds: $61.5M → $60.4M (-$1.14M)
8% less funds holding
Funds holding: 51 → 47 (-4)
33% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$3.39M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$159K |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$84.3K |
| 4 |
VF
Virtu Financial
New York
|
+$75K |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$64.7K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AWMS
Advocacy Wealth Management Services
Atlanta,
Georgia
|
-$4.82M |
| 2 |
SG Americas Securities
New York
|
-$273K |
| 3 |
Morgan Stanley
New York
|
-$201K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$192K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$99K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
AssetMark Inc
Concord,
California
| – | -$11K | -2,280 | Closed |
|
52
Creative Planning
Overland Park,
Kansas
| – | -$8K | -1,814 | Closed |
|
|
GI
53
Gradient Investments
Arden Hills,
Minnesota
| – | -$7K | -1,400 | Closed |
|
PIM Hedge Fund Activity: Q3 2017 in Review
47 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Franklin Master Intermediate Income Trust (PIM) for Q3 2017, worth a combined $60.4M — down 1.9% from $61.5M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of PIM and 4 opened new positions — a net loss of 2 holders — while 10 trimmed existing stakes and 13 added.
The largest buyer was Sit Investment Associates, adding an estimated $3.39M. The largest seller was Advocacy Wealth Management Services, cutting an estimated $4.82M.
- 47 institutional investors held Franklin Master Intermediate Income Trust (PIM) as of Q3 2017, down from 51 in Q2 2017.
- Funds reported $60.4M of Franklin Master Intermediate Income Trust stock for Q3 2017, down 1.9% quarter-over-quarter.
- 4 funds opened new Franklin Master Intermediate Income Trust positions in Q3 2017 and 6 closed out, a net change of -2 holders.
- The largest Franklin Master Intermediate Income Trust buyer in Q3 2017 was Sit Investment Associates, an estimated $3.39M added.
- The largest Franklin Master Intermediate Income Trust seller in Q3 2017 was Advocacy Wealth Management Services, an estimated $4.82M sold.
Based on aggregated 13F filings for Q3 2017.