Franklin Master Intermediate Income Trust
PIM
49 hedge funds and large institutions have $63.6M invested in Franklin Master Intermediate Income Trust in 2018 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 7 increasing their positions, 20 reducing their positions, and 10 closing their positions.
1.28% more ownership
Funds ownership: 23.98% → 25.26% (+1.3%)
3% less capital invested
Capital invested by funds: $65.6M → $63.6M (-$1.94M)
11% less funds holding
Funds holding: 55 → 49 (-6)
50% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 10
65% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 20
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$681K |
| 2 |
TSS
Two Sigma Securities
New York
|
+$141K |
| 3 |
DAS
Dynamic Advisor Solutions
Phoenix,
Arizona
|
+$115K |
| 4 |
DA
Doliver Advisors
Houston,
Texas
|
+$69.6K |
| 5 |
Invesco
Atlanta,
Georgia
|
+$56.4K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$353K |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$256K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$220K |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$200K |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$178K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
51
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | -$200K | -42,000 | Closed |
|
|
PTC
52
Philadelphia Trust Company
Philadelphia,
Pennsylvania
| – | -$89K | -18,591 | Closed |
|
53
Squarepoint
New York
| – | -$83K | -17,500 | Closed |
|
|
VF
54
Virtu Financial
New York
| – | -$76K | -15,937 | Closed |
|
|
SI
55
SII Investments
Appleton,
Wisconsin
| – | -$70K | -14,627 | Closed |
|
56
Citadel Advisors
Miami,
Florida
| – | -$53K | -11,080 | Closed |
|
|
WA
57
Winfield Associates
Cleveland,
Ohio
| – | -$10K | -2,000 | Closed |
|
|
CA
58
Calton & Associates
Tampa,
Florida
| – | -$4K | -1,050 | Closed |
|
|
RE
59
RBC Europe
London,
United Kingdom
| – | -$1.39K | -292 | Closed |
|
|
SSB
60
Sandy Spring Bank
Olney,
Maryland
| – | -$1K | -200 | Closed |
|
PIM Hedge Fund Activity: Q1 2018 in Review
49 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in Franklin Master Intermediate Income Trust (PIM) for Q1 2018, worth a combined $63.6M — down 3% from $65.6M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of PIM and 5 opened new positions — a net loss of 5 holders — while 20 trimmed existing stakes and 7 added.
The largest buyer was Sit Investment Associates, adding an estimated $681K. The largest seller was Parametric Portfolio Associates, cutting an estimated $353K.
- 49 institutional investors held Franklin Master Intermediate Income Trust (PIM) as of Q1 2018, down from 55 in Q4 2017.
- Funds reported $63.6M of Franklin Master Intermediate Income Trust stock for Q1 2018, down 3% quarter-over-quarter.
- 5 funds opened new Franklin Master Intermediate Income Trust positions in Q1 2018 and 10 closed out, a net change of -5 holders.
- The largest Franklin Master Intermediate Income Trust buyer in Q1 2018 was Sit Investment Associates, an estimated $681K added.
- The largest Franklin Master Intermediate Income Trust seller in Q1 2018 was Parametric Portfolio Associates, an estimated $353K sold.
Based on aggregated 13F filings for Q1 2018.