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PIM

Franklin Master Intermediate Income Trust
PIM

52 hedge funds and large institutions have $78.2M invested in Franklin Master Intermediate Income Trust in 2016 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 12 increasing their positions, 14 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.8% less ownership

Funds ownership: 31.79% → 30.99% (-0.8%)

2% less funds holding

Funds holding: 53 → 52 (-1)

6% less capital invested

Capital invested by funds: $82.9M → $78.2M (-$4.75M)

11% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 9

14% less repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 14

Holders
52
Holders Change
-1
Holders Change %
-1.89%
% of All Funds
1.39%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
12
Reduced
14
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
AWMS
Advocacy Wealth Management Services
Georgia
+$3.07M
2
SIA
Sit Investment Associates
Minnesota
+$2.51M
3
LCM
Landscape Capital Management
New Jersey
+$332K
4
UBS Group
UBS Group
Switzerland
+$117K
5
RJFSA
Raymond James Financial Services Advisors
Florida
+$101K

Top Sellers

1
Wells Fargo
Wells Fargo
California
-$3.84M
2
1CP
1607 Capital Partners
Virginia
-$2.1M
3
Invesco
Invesco
Georgia
-$1.21M
4
RCM
Rivernorth Capital Management
Florida
-$288K
5
SCM
Saba Capital Management
New York
-$259K
Name Holding Trade Value Shares
Change 		Change in
Stake
SIA
1
Sit Investment Associates
Minnesota
$35.1M +$2.51M +584,452 +8%
Wells Fargo
2
Wells Fargo
California
$13.6M -$3.84M -895,182 -22%
1CP
3
1607 Capital Partners
Virginia
$9.41M -$2.1M -490,224 -19%
AWMS
4
Advocacy Wealth Management Services
Georgia
$3.15M +$3.07M +715,115 New
PPA
5
Parametric Portfolio Associates
Washington
$3.05M -$111K -25,969 -4%
UBS Group
6
UBS Group
Switzerland
$2.37M +$117K +27,398 +5%
Envestnet Asset Management
7
Envestnet Asset Management
Illinois
$2.3M +$49.3K +11,490 +2%
Invesco
8
Invesco
Georgia
$1.86M -$1.21M -281,150 -40%
LCM
9
Landscape Capital Management
New Jersey
$1.26M +$332K +77,370 +37%
RCM
10
Rivernorth Capital Management
Florida
$972K -$288K -67,056 -23%
SCM
11
Sterneck Capital Management
Missouri
$814K -$4.29K -1,000 -0.5%
PM
12
Penbrook Management
New York
$763K – – –
Bank of America
13
Bank of America
North Carolina
$656K +$87K +20,290 +16%
LPL Financial
14
LPL Financial
California
$376K -$42.4K -9,894 -10%
COLIM
15
City of London Investment Management
United Kingdom
$344K – – –
Morgan Stanley
16
Morgan Stanley
New York
$258K -$130K -30,402 -34%
Commonwealth Equity Services
17
Commonwealth Equity Services
Massachusetts
$211K +$28.8K +6,708 +16%
IAMOG
18
Investors Asset Management of Georgia
Georgia
$167K – – –
SBIA
19
Sheaff Brock Investment Advisors
Indiana
$118K +$17.1K +4,000 +18%
Royal Bank of Canada
20
Royal Bank of Canada
Ontario, Canada
$111K +$1.01K +236 +0.9%
RJFSA
21
Raymond James Financial Services Advisors
Florida
$104K +$101K +23,590 New
Citigroup
22
Citigroup
New York
$102K +$73.1K +17,047 +273%
WA
23
WealthTrust Axiom
Pennsylvania
$99K +$7.29K +1,700 +8%
YP
24
Yellowstone Partners
Idaho
$89K -$4.88K -1,138 -5%
RJA
25
Raymond James & Associates
Florida
$89K +$86.5K +20,167 New
1
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PIM Hedge Fund Activity: Q1 2016 in Review

52 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Franklin Master Intermediate Income Trust (PIM) for Q1 2016, worth a combined $78.2M — down 5.7% from $82.9M a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of PIM and 8 opened new positions — a net loss of 1 holder — while 14 trimmed existing stakes and 12 added.

The largest buyer was Advocacy Wealth Management Services, opening a new position worth an estimated $3.07M. The largest seller was Wells Fargo, cutting an estimated $3.84M.

  • 52 institutional investors held Franklin Master Intermediate Income Trust (PIM) as of Q1 2016, down from 53 in Q4 2015.
  • Funds reported $78.2M of Franklin Master Intermediate Income Trust stock for Q1 2016, down 5.7% quarter-over-quarter.
  • 8 funds opened new Franklin Master Intermediate Income Trust positions in Q1 2016 and 9 closed out, a net change of -1 holder.
  • The largest Franklin Master Intermediate Income Trust buyer in Q1 2016 was Advocacy Wealth Management Services, an estimated $3.07M added.
  • The largest Franklin Master Intermediate Income Trust seller in Q1 2016 was Wells Fargo, an estimated $3.84M sold.

Based on aggregated 13F filings for Q1 2016.