Franklin Master Intermediate Income Trust
PIM
46 hedge funds and large institutions have $45.1M invested in Franklin Master Intermediate Income Trust in 2020 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 10 increasing their positions, 12 reducing their positions, and 8 closing their positions.
13% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 8
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.9% less ownership
Funds ownership: 22.25% → 21.35% (-0.9%)
6% less funds holding
Funds holding: 49 → 46 (-3)
17% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 12
18% less capital invested
Capital invested by funds: $54.8M → $45.1M (-$9.65M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$436K |
| 2 |
SWP
Stratos Wealth Partners
Beachwood,
Ohio
|
+$338K |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$252K |
| 4 |
TA
TCG Advisors
Austin,
Texas
|
+$197K |
| 5 |
MAFM
Mid Atlantic Financial Management
Pittsburgh,
Pennsylvania
|
+$137K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$2.79M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$683K |
| 3 |
Morgan Stanley
New York
|
-$302K |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$283K |
| 5 |
BCA
Biltmore Capital Advisors
Princeton,
New Jersey
|
-$109K |
PIM Hedge Fund Activity: Q1 2020 in Review
46 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in Franklin Master Intermediate Income Trust (PIM) for Q1 2020, worth a combined $45.1M — down 18% from $54.8M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new PIM positions and 8 closed out — a net gain of 1 holder — while 10 added to existing stakes and 12 trimmed.
The largest buyer was Susquehanna International Group, opening a new position worth an estimated $436K. The largest seller was Sit Investment Associates, cutting an estimated $2.79M.
- 46 institutional investors held Franklin Master Intermediate Income Trust (PIM) as of Q1 2020, down from 49 in Q4 2019.
- Funds reported $45.1M of Franklin Master Intermediate Income Trust stock for Q1 2020, down 18% quarter-over-quarter.
- 9 funds opened new Franklin Master Intermediate Income Trust positions in Q1 2020 and 8 closed out, a net change of +1 holder.
- The largest Franklin Master Intermediate Income Trust buyer in Q1 2020 was Susquehanna International Group, an estimated $436K added.
- The largest Franklin Master Intermediate Income Trust seller in Q1 2020 was Sit Investment Associates, an estimated $2.79M sold.
Based on aggregated 13F filings for Q1 2020.