Franklin Master Intermediate Income Trust
PIM
43 hedge funds and large institutions have $56.5M invested in Franklin Master Intermediate Income Trust in 2020 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 10 increasing their positions, 11 reducing their positions, and 8 closing their positions.
10% more capital invested
Capital invested by funds: $51.4M → $56.5M (+$5.1M)
2.22% more ownership
Funds ownership: 24.32% → 26.54% (+2.2%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
9% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 11
7% less funds holding
Funds holding: 46 → 43 (-3)
38% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$7.3M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$394K |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$299K |
| 4 |
PM
Penbrook Management
New York
|
+$296K |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$65.7K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TA
TCG Advisors
Austin,
Texas
|
-$2.28M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$456K |
| 3 |
NFG
Next Financial Group
Houston,
Texas
|
-$181K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$174K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$151K |
PIM Hedge Fund Activity: Q3 2020 in Review
43 of the 4,970 institutional investors tracked by Wall St. Rank reported a position in Franklin Master Intermediate Income Trust (PIM) for Q3 2020, worth a combined $56.5M — up 9.9% from $51.4M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of PIM and 5 opened new positions — a net loss of 3 holders — while 11 trimmed existing stakes and 10 added.
The largest buyer was Sit Investment Associates, adding an estimated $7.3M. The largest seller was TCG Advisors, exiting entirely with an estimated $2.28M sold.
- 43 institutional investors held Franklin Master Intermediate Income Trust (PIM) as of Q3 2020, down from 46 in Q2 2020.
- Funds reported $56.5M of Franklin Master Intermediate Income Trust stock for Q3 2020, up 9.9% quarter-over-quarter.
- 5 funds opened new Franklin Master Intermediate Income Trust positions in Q3 2020 and 8 closed out, a net change of -3 holders.
- The largest Franklin Master Intermediate Income Trust buyer in Q3 2020 was Sit Investment Associates, an estimated $7.3M added.
- The largest Franklin Master Intermediate Income Trust seller in Q3 2020 was TCG Advisors, an estimated $2.28M sold.
Based on aggregated 13F filings for Q3 2020.