Franklin Master Intermediate Income Trust
PIM
54 hedge funds and large institutions have $62.8M invested in Franklin Master Intermediate Income Trust in 2013 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 15 increasing their positions, 14 reducing their positions, and 10 closing their positions.
20% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 10
12% more capital invested
Capital invested by funds: $56.2M → $62.8M (+$6.61M)
4% more funds holding
Funds holding: 52 → 54 (+2)
2.61% more ownership
Funds ownership: 17.53% → 20.15% (+2.6%)
7% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$7.17M |
| 2 |
SCM
Saba Capital Management
New York
|
+$5.4M |
| 3 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$4.03M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$1.68M |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.23M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FAAS
First Allied Advisory Services
San Diego,
California
|
-$7.17M |
| 2 |
FAAM
First Allied Asset Management
San Diego,
California
|
-$7.04M |
| 3 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
-$1.96M |
| 4 |
NCM
Newgate Capital Management
Greenwich,
Connecticut
|
-$1.11M |
| 5 |
DA
Doliver Advisors
Houston,
Texas
|
-$338K |
PIM Hedge Fund Activity: Q4 2013 in Review
54 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Franklin Master Intermediate Income Trust (PIM) for Q4 2013, worth a combined $62.8M — up 12% from $56.2M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new PIM positions and 10 closed out — a net gain of 2 holders — while 15 added to existing stakes and 14 trimmed.
The largest buyer was Sit Investment Associates, adding an estimated $7.17M. The largest seller was First Allied Advisory Services, cutting an estimated $7.17M.
- 54 institutional investors held Franklin Master Intermediate Income Trust (PIM) as of Q4 2013, up from 52 in Q3 2013.
- Funds reported $62.8M of Franklin Master Intermediate Income Trust stock for Q4 2013, up 12% quarter-over-quarter.
- 12 funds opened new Franklin Master Intermediate Income Trust positions in Q4 2013 and 10 closed out, a net change of +2 holders.
- The largest Franklin Master Intermediate Income Trust buyer in Q4 2013 was Sit Investment Associates, an estimated $7.17M added.
- The largest Franklin Master Intermediate Income Trust seller in Q4 2013 was First Allied Advisory Services, an estimated $7.17M sold.
Based on aggregated 13F filings for Q4 2013.