Franklin Master Intermediate Income Trust
PIM
55 hedge funds and large institutions have $65.6M invested in Franklin Master Intermediate Income Trust in 2017 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 15 increasing their positions, 6 reducing their positions, and 4 closing their positions.
200% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 4
150% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 6
17% more funds holding
Funds holding: 47 → 55 (+8)
9% more capital invested
Capital invested by funds: $60.4M → $65.6M (+$5.19M)
1.7% more ownership
Funds ownership: 22.28% → 23.98% (+1.7%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$3.59M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$285K |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$167K |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$161K |
| 5 |
Squarepoint
New York
|
+$83.1K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$595K |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$237K |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
-$54K |
| 4 |
AWMS
Advocacy Wealth Management Services
Atlanta,
Georgia
|
-$33K |
| 5 |
IA
IFP Advisors
Tampa,
Florida
|
-$22K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
US Bancorp
Minneapolis,
Minnesota
| $5K | – | – | – |
|
|
CA
52
Calton & Associates
Tampa,
Florida
| $4K | +$4.98K | +1,050 | New |
|
53
BlackRock
New York
| $2K | – | – | – |
|
|
RE
54
RBC Europe
London,
United Kingdom
| $1.39K | – | – | – |
|
|
SPIA
55
Steward Partners Investment Advisory
New York
| $1K | – | – | – |
|
|
SSB
56
Sandy Spring Bank
Olney,
Maryland
| $1K | +$949 | +200 | New |
|
|
57
Stifel Financial
St. Louis,
Missouri
| – | -$54K | -11,237 | Closed |
|
|
IA
58
IFP Advisors
Tampa,
Florida
| – | -$22K | -4,644 | Closed |
|
|
PCM
59
Penserra Capital Management
Orinda,
California
| – | -$3K | -756 | Closed |
|
|
NFG
60
Next Financial Group
Houston,
Texas
| – | -$3K | -617 | Closed |
|
PIM Hedge Fund Activity: Q4 2017 in Review
55 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Franklin Master Intermediate Income Trust (PIM) for Q4 2017, worth a combined $65.6M — up 8.6% from $60.4M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new PIM positions and 4 closed out — a net gain of 8 holders — while 15 added to existing stakes and 6 trimmed.
The largest buyer was Sit Investment Associates, adding an estimated $3.59M. The largest seller was UBS Group, cutting an estimated $595K.
- 55 institutional investors held Franklin Master Intermediate Income Trust (PIM) as of Q4 2017, up from 47 in Q3 2017.
- Funds reported $65.6M of Franklin Master Intermediate Income Trust stock for Q4 2017, up 8.6% quarter-over-quarter.
- 12 funds opened new Franklin Master Intermediate Income Trust positions in Q4 2017 and 4 closed out, a net change of +8 holders.
- The largest Franklin Master Intermediate Income Trust buyer in Q4 2017 was Sit Investment Associates, an estimated $3.59M added.
- The largest Franklin Master Intermediate Income Trust seller in Q4 2017 was UBS Group, an estimated $595K sold.
Based on aggregated 13F filings for Q4 2017.