Franklin Master Intermediate Income Trust
PIM
52 hedge funds and large institutions have $75.5M invested in Franklin Master Intermediate Income Trust in 2023 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 12 increasing their positions, 10 reducing their positions, and 5 closing their positions.
60% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 5
20% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 10
8% more capital invested
Capital invested by funds: $70M → $75.5M (+$5.46M)
6% more funds holding
Funds holding: 49 → 52 (+3)
3.47% more ownership
Funds ownership: 42.63% → 46.09% (+3.5%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.94M |
| 2 |
Allspring Global Investments
Charlotte,
North Carolina
|
+$1.34M |
| 3 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$829K |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
+$697K |
| 5 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$639K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$541K |
| 2 |
JP Morgan Chase
New York
|
-$66K |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$56.8K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$56K |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$48.8K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| $1K | +$586 | +186 | New |
|
52
Fidelity Investments
Boston,
Massachusetts
| $3 | +$3 | +1 | New |
|
|
53
JP Morgan Chase
New York
| – | -$66K | -20,906 | Closed |
|
|
RJA
54
Raymond James & Associates
St Petersburg,
Florida
| – | -$56.8K | -17,877 | Closed |
|
|
LCM
55
Landscape Capital Management
Englewood,
New Jersey
| – | -$48.8K | -15,336 | Closed |
|
|
IAIM
56
International Assets Investment Management
Orlando,
Florida
| – | -$28.7K | -9,022 | Closed |
|
|
ASN
57
Advisory Services Network
Atlanta,
Georgia
| – | -$3.33K | -1,046 | Closed |
|
PIM Hedge Fund Activity: Q2 2023 in Review
52 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Franklin Master Intermediate Income Trust (PIM) for Q2 2023, worth a combined $75.5M — up 7.8% from $70M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new PIM positions and 5 closed out — a net gain of 3 holders — while 12 added to existing stakes and 10 trimmed.
The largest buyer was Sit Investment Associates, adding an estimated $1.94M. The largest seller was Shaker Financial Services, cutting an estimated $541K.
- 52 institutional investors held Franklin Master Intermediate Income Trust (PIM) as of Q2 2023, up from 49 in Q1 2023.
- Funds reported $75.5M of Franklin Master Intermediate Income Trust stock for Q2 2023, up 7.8% quarter-over-quarter.
- 8 funds opened new Franklin Master Intermediate Income Trust positions in Q2 2023 and 5 closed out, a net change of +3 holders.
- The largest Franklin Master Intermediate Income Trust buyer in Q2 2023 was Sit Investment Associates, an estimated $1.94M added.
- The largest Franklin Master Intermediate Income Trust seller in Q2 2023 was Shaker Financial Services, an estimated $541K sold.
Based on aggregated 13F filings for Q2 2023.