Franklin Master Intermediate Income Trust
PIM
50 hedge funds and large institutions have $53.5M invested in Franklin Master Intermediate Income Trust in 2019 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 7 increasing their positions, 16 reducing their positions, and 6 closing their positions.
33% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 6
4% more funds holding
Funds holding: 48 → 50 (+2)
1.59% less ownership
Funds ownership: 24.02% → 22.43% (-1.6%)
6% less capital invested
Capital invested by funds: $56.6M → $53.5M (-$3.17M)
56% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$882K |
| 2 |
Invesco
Atlanta,
Georgia
|
+$149K |
| 3 |
CWP
Capital Wealth Planning
Naples,
Florida
|
+$129K |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$84.7K |
| 5 |
CFG
Citizens Financial Group
Providence,
Rhode Island
|
+$74.8K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$2.5M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$1.61M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$364K |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$293K |
| 5 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$154K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CCP
51
Clough Capital Partners
Boston,
Massachusetts
| – | -$138K | -30,300 | Closed |
|
|
FHB
52
First Hawaiian Bank
Honolulu,
Hawaii
| – | -$11K | -2,390 | Closed |
|
|
MFW
53
Mosaic Family Wealth
St. Louis,
Missouri
| – | -$9K | -1,900 | Closed |
|
|
SWM
54
SeaCrest Wealth Management
Purchase,
New York
| – | -$7K | -1,503 | Closed |
|
|
SHIM
55
Stone House Investment Management
Tunkhannock,
Pennsylvania
| – | -$5K | -1,040 | Closed |
|
|
PCIA
56
Prime Capital Investment Advisors
Overland Park,
Kansas
| – | -$1K | -255 | Closed |
|
57
US Bancorp
Minneapolis,
Minnesota
| – | +$431 | +95 | New |
|
PIM Hedge Fund Activity: Q2 2019 in Review
50 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Franklin Master Intermediate Income Trust (PIM) for Q2 2019, worth a combined $53.5M — down 5.6% from $56.6M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new PIM positions and 6 closed out — a net gain of 2 holders — while 7 added to existing stakes and 16 trimmed.
The largest buyer was Shaker Financial Services, opening a new position worth an estimated $882K. The largest seller was 1607 Capital Partners, cutting an estimated $2.5M.
- 50 institutional investors held Franklin Master Intermediate Income Trust (PIM) as of Q2 2019, up from 48 in Q1 2019.
- Funds reported $53.5M of Franklin Master Intermediate Income Trust stock for Q2 2019, down 5.6% quarter-over-quarter.
- 8 funds opened new Franklin Master Intermediate Income Trust positions in Q2 2019 and 6 closed out, a net change of +2 holders.
- The largest Franklin Master Intermediate Income Trust buyer in Q2 2019 was Shaker Financial Services, an estimated $882K added.
- The largest Franklin Master Intermediate Income Trust seller in Q2 2019 was 1607 Capital Partners, an estimated $2.5M sold.
Based on aggregated 13F filings for Q2 2019.