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PIM

Franklin Master Intermediate Income Trust

54 hedge funds and large institutions have $61.7M invested in Franklin Master Intermediate Income Trust in 2018 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 11 increasing their positions, 15 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 6

10% more funds holding

Funds holding: 4954 (+5)

0.62% less ownership

Funds ownership: 25.26%24.64% (-0.62%)

3% less capital invested

Capital invested by funds: $63.6M → $61.7M (-$1.97M)

27% less repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 15

Holders
54
Holders Change
+5
Holders Change %
+10.2%
% of All Funds
1.24%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
12
Increased
11
Reduced
15
Closed
6
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
SIA
1
Sit Investment Associates
Minnesota
$46.3M -$2.62M -553,617 -5%
Invesco
2
Invesco
Georgia
$2.53M -$54.2K -11,470 -2%
Envestnet Asset Management
3
Envestnet Asset Management
Illinois
$2.39M +$2.36K +500 +0.1%
Bank of America
4
Bank of America
North Carolina
$1.36M -$56.2K -11,885 -4%
UBS Group
5
UBS Group
Switzerland
$1.25M -$153K -32,414 -11%
Commonwealth Equity Services
6
Commonwealth Equity Services
Massachusetts
$866K -$65.7K -13,901 -7%
PM
7
Penbrook Management
New York
$798K
PPA
8
Parametric Portfolio Associates
Washington
$755K -$150K -31,692 -16%
SFS
9
Shaker Financial Services
Virginia
$614K +$621K +131,399 New
Morgan Stanley
10
Morgan Stanley
New York
$569K +$52.6K +11,139 +10%
LCM
11
Landscape Capital Management
New Jersey
$394K +$170K +35,992 +74%
CBA
12
Coastal Bridge Advisors
Connecticut
$321K -$7.87K -1,665 -2%
SBIA
13
Sheaff Brock Investment Advisors
Indiana
$319K
Wells Fargo
14
Wells Fargo
California
$311K +$184K +38,970 +141%
RJA
15
Raymond James & Associates
Florida
$307K +$46.5K +9,833 +18%
DA
16
Doliver Advisors
Texas
$291K +$225K +47,630 +326%
GC
17
Guggenheim Capital
Illinois
$199K -$107K -22,647 -35%
SI
18
Stephens Inc
Arkansas
$165K +$167K +35,423 New
SG Americas Securities
19
SG Americas Securities
New York
$163K +$165K +34,849 New
DAS
20
Dynamic Advisor Solutions
Arizona
$153K +$40.7K +8,609 +36%
Janney Montgomery Scott
21
Janney Montgomery Scott
Pennsylvania
$151K -$29.5K -6,245 -16%
LPL Financial
22
LPL Financial
California
$135K +$18.9K +4,009 +16%
Royal Bank of Canada
23
Royal Bank of Canada
Ontario, Canada
$119K +$463 +98 +0.4%
RJFSA
24
Raymond James Financial Services Advisors
Florida
$115K
WA
25
WealthTrust Axiom
Pennsylvania
$103K -$2.36K -500 -2%

PIM Hedge Fund Activity: Q2 2018 in Review

54 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Franklin Master Intermediate Income Trust (PIM) for Q2 2018, worth a combined $61.7M — down 3.1% from $63.6M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new PIM positions and 6 closed out — a net gain of 6 holders — while 11 added to existing stakes and 15 trimmed.

The largest buyer was Shaker Financial Services, opening a new position worth an estimated $621K. The largest seller was Sit Investment Associates, cutting an estimated $2.62M.

  • 54 institutional investors held Franklin Master Intermediate Income Trust (PIM) as of Q2 2018, up from 49 in Q1 2018.
  • Funds reported $61.7M of Franklin Master Intermediate Income Trust stock for Q2 2018, down 3.1% quarter-over-quarter.
  • 12 funds opened new Franklin Master Intermediate Income Trust positions in Q2 2018 and 6 closed out, a net change of +6 holders.
  • The largest Franklin Master Intermediate Income Trust buyer in Q2 2018 was Shaker Financial Services, an estimated $621K added.
  • The largest Franklin Master Intermediate Income Trust seller in Q2 2018 was Sit Investment Associates, an estimated $2.62M sold.

Based on aggregated 13F filings for Q2 2018.