Franklin Master Intermediate Income Trust
PIM
57 hedge funds and large institutions have $82.1M invested in Franklin Master Intermediate Income Trust in 2014 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 13 increasing their positions, 14 reducing their positions, and 11 closing their positions.
136% more capital inflows, than outflows
Capital inflows: $14.6M | Capital outflows: $6.16M
2.15% more ownership
Funds ownership: 25.93% → 28.07% (+2.1%)
7% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 14
7% less funds holding
Funds holding: 61 → 57 (-4)
27% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Sit Investment Associates
Minneapolis,
Minnesota
|
+$9.5M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$1.45M |
| 3 |
Parametric Portfolio Associates
Seattle,
Washington
|
+$342K |
| 4 |
Penbrook Management
New York
|
+$267K |
| 5 |
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$157K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Saba Capital Management
New York
|
-$3.5M |
| 2 |
City of London Investment Management
London,
United Kingdom
|
-$433K |
| 3 |
Invesco
Atlanta,
Georgia
|
-$401K |
| 4 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
-$337K |
| 5 |
Raymond James & Associates
St Petersburg,
Florida
|
-$206K |
PIM Hedge Fund Activity: Q4 2014 in Review
57 of the 3,765 institutional investors tracked by Wall St. Rank reported a position in Franklin Master Intermediate Income Trust (PIM) for Q4 2014, worth a combined $82.1M — up 3.6% from $79.3M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of PIM and 8 opened new positions — a net loss of 3 holders — while 14 trimmed existing stakes and 13 added.
The largest buyer was Sit Investment Associates, adding an estimated $9.5M. The largest seller was Saba Capital Management, cutting an estimated $3.5M.
- 57 institutional investors held Franklin Master Intermediate Income Trust (PIM) as of Q4 2014, down from 61 in Q3 2014.
- Funds reported $82.1M of Franklin Master Intermediate Income Trust stock for Q4 2014, up 3.6% quarter-over-quarter.
- 8 funds opened new Franklin Master Intermediate Income Trust positions in Q4 2014 and 11 closed out, a net change of -3 holders.
- The largest Franklin Master Intermediate Income Trust buyer in Q4 2014 was Sit Investment Associates, an estimated $9.5M added.
- The largest Franklin Master Intermediate Income Trust seller in Q4 2014 was Saba Capital Management, an estimated $3.5M sold.
Based on aggregated 13F filings for Q4 2014.