Franklin Master Intermediate Income Trust
PIM
54 hedge funds and large institutions have $82.9M invested in Franklin Master Intermediate Income Trust in 2023 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 18 increasing their positions, 11 reducing their positions, and 9 closing their positions.
64% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 11
11% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 9
10% more capital invested
Capital invested by funds: $75.2M → $82.9M (+$7.68M)
2.21% more ownership
Funds ownership: 50.93% → 53.14% (+2.2%)
2% more funds holding
Funds holding: 53 → 54 (+1)
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
|
+$2.64M |
| 2 |
Morgan Stanley
New York
|
+$557K |
| 3 |
Allspring Global Investments
Charlotte,
North Carolina
|
+$519K |
| 4 |
CPRC
Consolidated Portfolio Review Corp
Woodbury,
New York
|
+$352K |
| 5 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$282K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$281K |
| 2 |
FCI
Financial Counselors Inc
Overland Park,
Kansas
|
-$229K |
| 3 |
MC
Moors & Cabot
Boston,
Massachusetts
|
-$171K |
| 4 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$120K |
| 5 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$104K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GWSG
51
GPS Wealth Strategies Group
Centennial,
Colorado
| $3.09K | +$64 | +21 | +2% |
|
|
SPIA
52
Steward Partners Investment Advisory
New York
| $1.28K | – | – | – |
|
|
FIA
53
FNY Investment Advisers
New York
| $1K | – | – | – |
|
54
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| $1K | +$3 | +1 | +0.5% |
|
|
FCI
55
Financial Counselors Inc
Overland Park,
Kansas
| – | -$229K | -75,730 | Closed |
|
|
TJHA
56
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
| – | -$120K | -39,670 | Closed |
|
57
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$96.8K | -32,059 | Closed |
|
|
QL
58
Quarry LP
New York
| – | -$73.7K | -24,400 | Closed |
|
59
HighTower Advisors
Chicago,
Illinois
| – | -$68K | -22,312 | Closed |
|
60
Jane Street
New York
| – | -$61.4K | -20,332 | Closed |
|
61
Koshinski Asset Management
Decatur,
Illinois
| – | -$46.3K | -15,320 | Closed |
|
|
FFA
62
First Foundation Advisors
Irvine,
California
| – | -$45.3K | -15,000 | Closed |
|
|
SL
63
Savior LLC
Wellesley Hills,
Massachusetts
| – | -$1.36K | -452 | Closed |
|
PIM Hedge Fund Activity: Q4 2023 in Review
54 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Franklin Master Intermediate Income Trust (PIM) for Q4 2023, worth a combined $82.9M — up 10% from $75.2M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new PIM positions and 9 closed out — a net gain of 1 holder — while 18 added to existing stakes and 11 trimmed.
The largest buyer was Sit Investment Associates, adding an estimated $2.64M. The largest seller was Invesco, cutting an estimated $281K.
- 54 institutional investors held Franklin Master Intermediate Income Trust (PIM) as of Q4 2023, up from 53 in Q3 2023.
- Funds reported $82.9M of Franklin Master Intermediate Income Trust stock for Q4 2023, up 10% quarter-over-quarter.
- 10 funds opened new Franklin Master Intermediate Income Trust positions in Q4 2023 and 9 closed out, a net change of +1 holder.
- The largest Franklin Master Intermediate Income Trust buyer in Q4 2023 was Sit Investment Associates, an estimated $2.64M added.
- The largest Franklin Master Intermediate Income Trust seller in Q4 2023 was Invesco, an estimated $281K sold.
Based on aggregated 13F filings for Q4 2023.