Franklin Master Intermediate Income Trust
PIM
46 hedge funds and large institutions have $51.4M invested in Franklin Master Intermediate Income Trust in 2020 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 9 increasing their positions, 9 reducing their positions, and 9 closing their positions.
14% more capital invested
Capital invested by funds: $45.2M → $51.4M (+$6.21M)
2.94% more ownership
Funds ownership: 21.38% → 24.32% (+2.9%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 9
2% less funds holding
Funds holding: 47 → 46 (-1)
11% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 9
Top Buyers
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$6.91M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$1.44M |
| 3 |
Jane Street
New York
|
+$106K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$77K |
| 5 |
HF
HRT Financial
New York
|
+$53.5K |
Top Sellers
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Walleye Capital
New York
| – | -$53K | -13,000 | Closed |
|
52
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$24K | -5,963 | Closed |
|
53
Citigroup
New York
| – | -$15K | -3,837 | Closed |
|
|
CTC
54
Central Trust Company
Jefferson City,
Missouri
| – | -$6K | -1,479 | Closed |
|
|
OPS
55
Orion Portfolio Solutions
Omaha,
Nebraska
| – | +$425 | +100 | New |
|
PIM Hedge Fund Activity: Q2 2020 in Review
46 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Franklin Master Intermediate Income Trust (PIM) for Q2 2020, worth a combined $51.4M — up 14% from $45.2M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of PIM and 8 opened new positions — a net loss of 1 holder — while 9 trimmed existing stakes and 9 added.
The largest buyer was Sit Investment Associates, adding an estimated $6.91M. The largest seller was Invesco, cutting an estimated $480K.
- 46 institutional investors held Franklin Master Intermediate Income Trust (PIM) as of Q2 2020, down from 47 in Q1 2020.
- Funds reported $51.4M of Franklin Master Intermediate Income Trust stock for Q2 2020, up 14% quarter-over-quarter.
- 8 funds opened new Franklin Master Intermediate Income Trust positions in Q2 2020 and 9 closed out, a net change of -1 holder.
- The largest Franklin Master Intermediate Income Trust buyer in Q2 2020 was Sit Investment Associates, an estimated $6.91M added.
- The largest Franklin Master Intermediate Income Trust seller in Q2 2020 was Invesco, an estimated $480K sold.
Based on aggregated 13F filings for Q2 2020.