We are live on ! Find out more
PIM

Franklin Master Intermediate Income Trust
PIM

59 hedge funds and large institutions have $77.7M invested in Franklin Master Intermediate Income Trust in 2014 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 18 increasing their positions, 13 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

40% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 5

38% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 13

7% more capital invested

Capital invested by funds: $72.5M → $77.7M (+$5.19M)

4% more funds holding

Funds holding: 57 → 59 (+2)

1.65% more ownership

Funds ownership: 23.18% → 24.83% (+1.7%)

Holders
59
Holders Change
+2
Holders Change %
+3.51%
% of All Funds
1.7%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
7
Increased
18
Reduced
13
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
1CP
1607 Capital Partners
Virginia
+$2.07M
2
SIA
Sit Investment Associates
Minnesota
+$965K
3
Invesco
Invesco
Georgia
+$965K
4
JG
Jefferies Group
New York
+$685K
5
PPA
Parametric Portfolio Associates
Washington
+$655K

Top Sellers

1
PM
Penbrook Management
New York
-$814K
2
Morgan Stanley
Morgan Stanley
New York
-$255K
3
SCM
Sterneck Capital Management
Missouri
-$151K
4
AllianceBernstein
AllianceBernstein
Tennessee
-$142K
5
PP
Paloma Partners
Connecticut
-$79K
Name Holding Trade Value Shares
Change 		Change in
Stake
SIA
1
Sit Investment Associates
Minnesota
$22.1M +$965K +188,178 +5%
1CP
2
1607 Capital Partners
Virginia
$11.3M +$2.07M +403,001 +22%
Wells Fargo
3
Wells Fargo
California
$11.1M +$314K +61,254 +3%
SCM
4
Saba Capital Management
New York
$9.67M +$84.1K +16,400 +0.9%
Invesco
5
Invesco
Georgia
$4.44M +$965K +188,033 +28%
RCM
6
Rivernorth Capital Management
Florida
$3.79M +$56.6K +11,040 +2%
PPA
7
Parametric Portfolio Associates
Washington
$2.57M +$655K +127,703 +34%
U
8
UBS
Switzerland
$2.08M +$177K +34,482 +9%
SCM
9
Sterneck Capital Management
Missouri
$1.33M -$151K -29,494 -10%
Bank of America
10
Bank of America
North Carolina
$974K +$99.2K +19,327 +11%
Morgan Stanley
11
Morgan Stanley
New York
$972K -$255K -49,675 -21%
COLIM
12
City of London Investment Management
United Kingdom
$963K -$41K -8,000 -4%
PM
13
Penbrook Management
New York
$817K -$814K -158,654 -50%
JG
14
Jefferies Group
New York
$687K +$685K +133,419 New
RVP
15
Relative Value Partners
Illinois
$469K – – –
LPL Financial
16
LPL Financial
California
$432K -$3.28K -640 -0.8%
RJFSA
17
Raymond James Financial Services Advisors
Florida
$428K +$151K +29,440 +55%
SG Americas Securities
18
SG Americas Securities
New York
$365K +$363K +70,794 New
TJHA
19
Thomas J. Herzfeld Advisors
Florida
$363K – – –
FIMG
20
Financial & Investment Management Group
Michigan
$353K -$16K -3,127 -4%
DA
21
Doliver Advisors
Texas
$259K +$48.4K +9,435 +23%
Commonwealth Equity Services
22
Commonwealth Equity Services
Massachusetts
$219K +$2.13K +415 +1%
Cambridge Investment Research Advisors
23
Cambridge Investment Research Advisors
Iowa
$200K +$23.6K +4,596 +13%
LCM
24
Landscape Capital Management
New Jersey
$176K +$13.5K +2,628 +8%
Citadel Advisors
25
Citadel Advisors
Florida
$151K -$53.8K -10,493 -26%
1
2 3

PIM Hedge Fund Activity: Q2 2014 in Review

59 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Franklin Master Intermediate Income Trust (PIM) for Q2 2014, worth a combined $77.7M — up 7.2% from $72.5M a quarter earlier.

Buyers outnumbered sellers: 7 funds opened new PIM positions and 5 closed out — a net gain of 2 holders — while 18 added to existing stakes and 13 trimmed.

The largest buyer was 1607 Capital Partners, adding an estimated $2.07M. The largest seller was Penbrook Management, cutting an estimated $814K.

  • 59 institutional investors held Franklin Master Intermediate Income Trust (PIM) as of Q2 2014, up from 57 in Q1 2014.
  • Funds reported $77.7M of Franklin Master Intermediate Income Trust stock for Q2 2014, up 7.2% quarter-over-quarter.
  • 7 funds opened new Franklin Master Intermediate Income Trust positions in Q2 2014 and 5 closed out, a net change of +2 holders.
  • The largest Franklin Master Intermediate Income Trust buyer in Q2 2014 was 1607 Capital Partners, an estimated $2.07M added.
  • The largest Franklin Master Intermediate Income Trust seller in Q2 2014 was Penbrook Management, an estimated $814K sold.

Based on aggregated 13F filings for Q2 2014.