Franklin Master Intermediate Income Trust
PIM
58 hedge funds and large institutions have $57.6M invested in Franklin Master Intermediate Income Trust in 2018 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 21 increasing their positions, 9 reducing their positions, and 6 closing their positions.
133% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 9
83% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 6
7% more funds holding
Funds holding: 54 → 58 (+4)
0.83% less ownership
Funds ownership: 24.64% → 23.82% (-0.83%)
7% less capital invested
Capital invested by funds: $61.7M → $57.6M (-$4.05M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$1.31M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$190K |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$118K |
| 4 |
TSS
Two Sigma Securities
New York
|
+$99K |
| 5 |
AG
Advisor Group
Phoenix,
Arizona
|
+$83.3K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
-$2.39M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$1.18M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$199K |
| 4 |
SG Americas Securities
New York
|
-$163K |
| 5 |
DA
Doliver Advisors
Houston,
Texas
|
-$121K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TC
51
Truvestments Capital
Sarasota,
Florida
| $4K | +$4.02K | +876 | New |
|
52
US Bancorp
Minneapolis,
Minnesota
| $3K | – | – | – |
|
|
NFG
53
Next Financial Group
Houston,
Texas
| $3K | +$2.83K | +617 | New |
|
54
BlackRock
New York
| $2K | – | – | – |
|
|
PCIA
55
Prime Capital Investment Advisors
Overland Park,
Kansas
| $1K | +$1.17K | +255 | New |
|
|
WSTAM
56
Wilbanks Smith & Thomas Asset Management
Norfolk,
Virginia
| $1K | +$1.38K | +300 | New |
|
|
CAG
57
Csenge Advisory Group
Clearwater,
Florida
| $1K | +$1.56K | +340 | New |
|
|
58
Envestnet Asset Management
Chicago,
Illinois
| – | -$2.39M | -511,468 | Closed |
|
|
GC
59
Guggenheim Capital
Chicago,
Illinois
| – | -$199K | -42,641 | Closed |
|
|
60
SG Americas Securities
New York
| – | -$163K | -34,849 | Closed |
|
|
VF
61
Virtu Financial
New York
| – | -$93K | -20,020 | Closed |
|
|
SWP
62
Strategic Wealth Partners
Independence,
Ohio
| – | -$1K | -314 | Closed |
|
63
SEI Investments
Oaks,
Pennsylvania
| – | -$1K | -165 | Closed |
|
|
CWSR
64
Chessman Wealth Strategies RIA
Dallas,
Texas
| – | +$32 | +7 | New |
|
PIM Hedge Fund Activity: Q3 2018 in Review
58 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Franklin Master Intermediate Income Trust (PIM) for Q3 2018, worth a combined $57.6M — down 6.6% from $61.7M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new PIM positions and 6 closed out — a net gain of 5 holders — while 21 added to existing stakes and 9 trimmed.
The largest buyer was 1607 Capital Partners, opening a new position worth an estimated $1.31M. The largest seller was Envestnet Asset Management, exiting entirely with an estimated $2.39M sold.
- 58 institutional investors held Franklin Master Intermediate Income Trust (PIM) as of Q3 2018, up from 54 in Q2 2018.
- Funds reported $57.6M of Franklin Master Intermediate Income Trust stock for Q3 2018, down 6.6% quarter-over-quarter.
- 11 funds opened new Franklin Master Intermediate Income Trust positions in Q3 2018 and 6 closed out, a net change of +5 holders.
- The largest Franklin Master Intermediate Income Trust buyer in Q3 2018 was 1607 Capital Partners, an estimated $1.31M added.
- The largest Franklin Master Intermediate Income Trust seller in Q3 2018 was Envestnet Asset Management, an estimated $2.39M sold.
Based on aggregated 13F filings for Q3 2018.