Franklin Master Intermediate Income Trust
PIM
46 hedge funds and large institutions have $88.5M invested in Franklin Master Intermediate Income Trust in 2024 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 11 increasing their positions, 14 reducing their positions, and 6 closing their positions.
6% more capital invested
Capital invested by funds: $83.7M → $88.5M (+$4.75M)
0.29% more ownership
Funds ownership: 53.69% → 53.98% (+0.29%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
4% less funds holding
Funds holding: 48 → 46 (-2)
21% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 14
33% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$4.65M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$231K |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
+$109K |
| 4 |
CPRC
Consolidated Portfolio Review Corp
Woodbury,
New York
|
+$48.9K |
| 5 |
PWM
Perigon Wealth Management
San Francisco,
California
|
+$48.2K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$2.52M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$439K |
| 3 |
FSI
Flow State Investments
Chicago,
Illinois
|
-$387K |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$341K |
| 5 |
Allspring Global Investments
Charlotte,
North Carolina
|
-$286K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$56.8K | -17,613 | Closed |
|
52
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$16.6K | -5,140 | Closed |
|
PIM Hedge Fund Activity: Q3 2024 in Review
46 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Franklin Master Intermediate Income Trust (PIM) for Q3 2024, worth a combined $88.5M — up 5.7% from $83.7M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of PIM and 4 opened new positions — a net loss of 2 holders — while 14 trimmed existing stakes and 11 added.
The largest buyer was Sit Investment Associates, adding an estimated $4.65M. The largest seller was Karpus Investment Management, exiting entirely with an estimated $2.52M sold.
- 46 institutional investors held Franklin Master Intermediate Income Trust (PIM) as of Q3 2024, down from 48 in Q2 2024.
- Funds reported $88.5M of Franklin Master Intermediate Income Trust stock for Q3 2024, up 5.7% quarter-over-quarter.
- 4 funds opened new Franklin Master Intermediate Income Trust positions in Q3 2024 and 6 closed out, a net change of -2 holders.
- The largest Franklin Master Intermediate Income Trust buyer in Q3 2024 was Sit Investment Associates, an estimated $4.65M added.
- The largest Franklin Master Intermediate Income Trust seller in Q3 2024 was Karpus Investment Management, an estimated $2.52M sold.
Based on aggregated 13F filings for Q3 2024.