Franklin Master Intermediate Income Trust
PIM
48 hedge funds and large institutions have $69.9M invested in Franklin Master Intermediate Income Trust in 2021 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 14 increasing their positions, 12 reducing their positions, and 10 closing their positions.
17% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 12
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.15% less ownership
Funds ownership: 32.36% → 32.21% (-0.15%)
3% less capital invested
Capital invested by funds: $72.3M → $69.9M (-$2.36M)
13% less funds holding
Funds holding: 55 → 48 (-7)
70% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$614K |
| 2 |
PHS
Pekin Hardy Strauss
Chicago,
Illinois
|
+$597K |
| 3 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$123K |
| 4 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$116K |
| 5 |
RCM
RB Capital Management
Reno,
Nevada
|
+$51.1K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$441K |
| 2 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$306K |
| 3 |
SKK
Shepherd Kaplan Krochuk
Boston,
Massachusetts
|
-$300K |
| 4 |
Walleye Trading
New York
|
-$137K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$105K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
51
Walleye Trading
New York
| – | -$137K | -31,680 | Closed |
|
|
52
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$105K | -24,266 | Closed |
|
|
IAIM
53
International Assets Investment Management
Orlando,
Florida
| – | -$77K | -18,044 | Closed |
|
|
BS
54
Boenning & Scattergood
West Conshohocken,
Pennsylvania
| – | -$73K | -16,955 | Closed |
|
|
SFS
55
Sowell Financial Services
North Little Rock,
Arkansas
| – | -$68K | -16,000 | Closed |
|
|
TSS
56
Two Sigma Securities
New York
| – | -$53K | -12,203 | Closed |
|
|
FIA
57
FNY Investment Advisers
New York
| – | -$25K | -5,893 | Closed |
|
58
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$3K | -624 | Closed |
|
PIM Hedge Fund Activity: Q2 2021 in Review
48 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in Franklin Master Intermediate Income Trust (PIM) for Q2 2021, worth a combined $69.9M — down 3.3% from $72.3M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of PIM and 3 opened new positions — a net loss of 7 holders — while 12 trimmed existing stakes and 14 added.
The largest buyer was Sit Investment Associates, adding an estimated $614K. The largest seller was Morgan Stanley, cutting an estimated $441K.
- 48 institutional investors held Franklin Master Intermediate Income Trust (PIM) as of Q2 2021, down from 55 in Q1 2021.
- Funds reported $69.9M of Franklin Master Intermediate Income Trust stock for Q2 2021, down 3.3% quarter-over-quarter.
- 3 funds opened new Franklin Master Intermediate Income Trust positions in Q2 2021 and 10 closed out, a net change of -7 holders.
- The largest Franklin Master Intermediate Income Trust buyer in Q2 2021 was Sit Investment Associates, an estimated $614K added.
- The largest Franklin Master Intermediate Income Trust seller in Q2 2021 was Morgan Stanley, an estimated $441K sold.
Based on aggregated 13F filings for Q2 2021.