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PIM

Franklin Master Intermediate Income Trust

52 hedge funds and large institutions have $56.6M invested in Franklin Master Intermediate Income Trust in 2018 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 8 increasing their positions, 16 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

1.04% more ownership

Funds ownership: 23.82%24.86% (+1%)

2% less capital invested

Capital invested by funds: $57.6M → $56.6M (-$969K)

10% less funds holding

Funds holding: 5852 (-6)

33% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 12

50% less repeat investments, than reductions

Existing positions increased: 8 | Existing positions reduced: 16

Holders
52
Holders Change
-6
Holders Change %
-10.34%
% of All Funds
1.16%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
8
Increased
8
Reduced
16
Closed
12
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
SIA
1
Sit Investment Associates
Minnesota
$38M -$3.1M -704,586 -7%
1CP
2
1607 Capital Partners
Virginia
$6.95M +$5.94M +1,349,134 +473%
Invesco
3
Invesco
Georgia
$2.25M -$231K -52,510 -9%
Bank of America
4
Bank of America
North Carolina
$1.15M -$168K -38,162 -12%
GCP
5
Gill Capital Partners
Colorado
$982K +$905K +205,389 New
UBS Group
6
UBS Group
Switzerland
$973K -$154K -35,067 -13%
PM
7
Penbrook Management
New York
$727K
PPA
8
Parametric Portfolio Associates
Washington
$663K -$44.5K -10,094 -6%
Morgan Stanley
9
Morgan Stanley
New York
$555K -$26.6K -6,034 -4%
LCM
10
Landscape Capital Management
New Jersey
$493K +$25.8K +5,866 +5%
MAFM
11
Mid Atlantic Financial Management
Pennsylvania
$420K +$436K +98,900 New
Commonwealth Equity Services
12
Commonwealth Equity Services
Massachusetts
$403K -$393K -89,276 -48%
RJA
13
Raymond James & Associates
Florida
$302K +$23.7K +5,378 +8%
CBA
14
Coastal Bridge Advisors
Connecticut
$299K +$3.56K +808 +1%
Wells Fargo
15
Wells Fargo
California
$285K -$7.2K -1,634 -2%
SBIA
16
Sheaff Brock Investment Advisors
Indiana
$282K
DAS
17
Dynamic Advisor Solutions
Arizona
$161K +$17.4K +3,961 +12%
Janney Montgomery Scott
18
Janney Montgomery Scott
Pennsylvania
$150K
Royal Bank of Canada
19
Royal Bank of Canada
Ontario, Canada
$131K +$23.6K +5,369 +21%
CCP
20
Clough Capital Partners
Massachusetts
$129K +$133K +30,300 New
LPL Financial
21
LPL Financial
California
$105K -$3.93K -892 -3%
9WM
22
9258 Wealth Management
Ohio
$95K +$98.4K +22,334 New
WA
23
WealthTrust Axiom
Pennsylvania
$94K
RJFSA
24
Raymond James Financial Services Advisors
Florida
$80K -$4.4K -1,000 -5%
NL
25
NWAM LLC
Washington
$79K -$11K -2,500 -12%

PIM Hedge Fund Activity: Q4 2018 in Review

52 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Franklin Master Intermediate Income Trust (PIM) for Q4 2018, worth a combined $56.6M — down 1.7% from $57.6M a quarter earlier.

Sellers outnumbered buyers: 12 funds closed out of PIM and 8 opened new positions — a net loss of 4 holders — while 16 trimmed existing stakes and 8 added.

The largest buyer was 1607 Capital Partners, adding an estimated $5.94M. The largest seller was Sit Investment Associates, cutting an estimated $3.1M.

  • 52 institutional investors held Franklin Master Intermediate Income Trust (PIM) as of Q4 2018, down from 58 in Q3 2018.
  • Funds reported $56.6M of Franklin Master Intermediate Income Trust stock for Q4 2018, down 1.7% quarter-over-quarter.
  • 8 funds opened new Franklin Master Intermediate Income Trust positions in Q4 2018 and 12 closed out, a net change of -4 holders.
  • The largest Franklin Master Intermediate Income Trust buyer in Q4 2018 was 1607 Capital Partners, an estimated $5.94M added.
  • The largest Franklin Master Intermediate Income Trust seller in Q4 2018 was Sit Investment Associates, an estimated $3.1M sold.

Based on aggregated 13F filings for Q4 2018.