Franklin Master Intermediate Income Trust
PIM
57 hedge funds and large institutions have $72.5M invested in Franklin Master Intermediate Income Trust in 2014 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 14 increasing their positions, 16 reducing their positions, and 6 closing their positions.
50% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 6
16% more capital invested
Capital invested by funds: $62.8M → $72.5M (+$9.76M)
6% more funds holding
Funds holding: 54 → 57 (+3)
3.03% more ownership
Funds ownership: 20.15% → 23.18% (+3%)
13% less repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$3.94M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$2.95M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$1.28M |
| 4 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$989K |
| 5 |
PM
Penbrook Management
New York
|
+$804K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$1.21M |
| 2 |
Barclays
London,
United Kingdom
|
-$961K |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$554K |
| 4 |
SG Americas Securities
New York
|
-$307K |
| 5 |
Goldman Sachs
New York
|
-$246K |
PIM Hedge Fund Activity: Q1 2014 in Review
57 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Franklin Master Intermediate Income Trust (PIM) for Q1 2014, worth a combined $72.5M — up 16% from $62.8M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new PIM positions and 6 closed out — a net gain of 3 holders — while 14 added to existing stakes and 16 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $3.94M. The largest seller was TFS Capital, exiting entirely with an estimated $1.21M sold.
- 57 institutional investors held Franklin Master Intermediate Income Trust (PIM) as of Q1 2014, up from 54 in Q4 2013.
- Funds reported $72.5M of Franklin Master Intermediate Income Trust stock for Q1 2014, up 16% quarter-over-quarter.
- 9 funds opened new Franklin Master Intermediate Income Trust positions in Q1 2014 and 6 closed out, a net change of +3 holders.
- The largest Franklin Master Intermediate Income Trust buyer in Q1 2014 was Saba Capital Management, an estimated $3.94M added.
- The largest Franklin Master Intermediate Income Trust seller in Q1 2014 was TFS Capital, an estimated $1.21M sold.
Based on aggregated 13F filings for Q1 2014.