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PIM

Franklin Master Intermediate Income Trust
PIM

46 hedge funds and large institutions have $51.4M invested in Franklin Master Intermediate Income Trust in 2020 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 9 increasing their positions, 9 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

14% more capital invested

Capital invested by funds: $45.2M → $51.4M (+$6.21M)

2.94% more ownership

Funds ownership: 21.38% → 24.32% (+2.9%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0% more repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 9

2% less funds holding

Funds holding: 47 → 46 (-1)

11% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 9

Holders
46
Holders Change
-1
Holders Change %
-2.13%
% of All Funds
0.94%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
8
Increased
9
Reduced
9
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
SIA
Sit Investment Associates
Minnesota
+$6.91M
2
SFS
Shaker Financial Services
Virginia
+$1.44M
3
Jane Street
Jane Street
New York
+$106K
4
Bank of America
Bank of America
North Carolina
+$77K
5
HF
HRT Financial
New York
+$53.5K

Top Sellers

1
Invesco
Invesco
Georgia
-$480K
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$393K
3
SWP
Stratos Wealth Partners
Ohio
-$305K
4
LCM
Landscape Capital Management
New Jersey
-$227K
5
CWP
Capital Wealth Planning
Florida
-$116K
Name Holding Trade Value Shares
Change 		Change in
Stake
SIA
1
Sit Investment Associates
Minnesota
$39.8M +$6.91M +1,626,581 +20%
TA
2
TCG Advisors
Texas
$2.28M -$99K -23,303 -4%
Invesco
3
Invesco
Georgia
$1.55M -$480K -113,091 -23%
SFS
4
Shaker Financial Services
Virginia
$1.39M +$1.44M +340,191 New
GCP
5
Gill Capital Partners
Colorado
$828K +$1.81K +426 +0.2%
UBS Group
6
UBS Group
Switzerland
$584K -$37K -8,721 -6%
Wells Fargo
7
Wells Fargo
California
$518K -$25.6K -6,034 -5%
PM
8
Penbrook Management
New York
$514K – – –
Morgan Stanley
9
Morgan Stanley
New York
$472K +$13K +3,063 +3%
Bank of America
10
Bank of America
North Carolina
$380K +$77K +18,136 +24%
MAFM
11
Mid Atlantic Financial Management
Pennsylvania
$379K +$10.2K +2,400 +3%
CBA
12
Coastal Bridge Advisors
Connecticut
$303K +$6.06K +1,426 +2%
SBIA
13
Sheaff Brock Investment Advisors
Indiana
$270K – – –
RJA
14
Raymond James & Associates
Florida
$249K -$82.5K -19,437 -24%
NFG
15
Next Financial Group
Texas
$181K – – –
RJFSA
16
Raymond James Financial Services Advisors
Florida
$175K -$113K -26,579 -38%
LPL Financial
17
LPL Financial
California
$170K +$25K +5,881 +16%
Commonwealth Equity Services
18
Commonwealth Equity Services
Massachusetts
$165K -$73.3K -17,264 -30%
DAS
19
Dynamic Advisor Solutions
Arizona
$157K +$12.6K +2,962 +8%
Jane Street
20
Jane Street
New York
$101K +$106K +24,866 New
Janney Montgomery Scott
21
Janney Montgomery Scott
Pennsylvania
$92K – – –
WA
22
WealthTrust Axiom
Pennsylvania
$90K +$34 +8 +0%
BS
23
Boenning & Scattergood
Pennsylvania
$81K – – –
CFG
24
Citizens Financial Group
Rhode Island
$67K – – –
NL
25
NWAM LLC
Washington
$65K – – –
1
2 3

PIM Hedge Fund Activity: Q2 2020 in Review

46 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Franklin Master Intermediate Income Trust (PIM) for Q2 2020, worth a combined $51.4M — up 14% from $45.2M a quarter earlier.

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

The largest buyer was Sit Investment Associates, adding an estimated $6.91M. The largest seller was Invesco, cutting an estimated $480K.

  • 46 institutional investors held Franklin Master Intermediate Income Trust (PIM) as of Q2 2020, down from 47 in Q1 2020.
  • Funds reported $51.4M of Franklin Master Intermediate Income Trust stock for Q2 2020, up 14% quarter-over-quarter.
  • 8 funds opened new Franklin Master Intermediate Income Trust positions in Q2 2020 and 9 closed out, a net change of -1 holder.
  • The largest Franklin Master Intermediate Income Trust buyer in Q2 2020 was Sit Investment Associates, an estimated $6.91M added.
  • The largest Franklin Master Intermediate Income Trust seller in Q2 2020 was Invesco, an estimated $480K sold.

Based on aggregated 13F filings for Q2 2020.