Franklin Master Intermediate Income Trust
PIM
57 hedge funds and large institutions have $65.6M invested in Franklin Master Intermediate Income Trust in 2020 Q4 according to their latest regulatory filings, with 19 funds opening new positions, 13 increasing their positions, 8 reducing their positions, and 4 closing their positions.
375% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 4
63% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 8
33% more funds holding
Funds holding: 43 → 57 (+14)
16% more capital invested
Capital invested by funds: $56.5M → $65.6M (+$9.12M)
3.51% more ownership
Funds ownership: 26.54% → 30.04% (+3.5%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$2.4M |
| 2 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$525K |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$434K |
| 4 |
TCA
Transcend Capital Advisors
Madison,
New Jersey
|
+$326K |
| 5 |
SKK
Shepherd Kaplan Krochuk
Boston,
Massachusetts
|
+$286K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$211K |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$65K |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$34.1K |
| 4 |
LPL Financial
San Diego,
California
|
-$24.1K |
| 5 |
GCP
Gill Capital Partners
Denver,
Colorado
|
-$11.5K |
PIM Hedge Fund Activity: Q4 2020 in Review
57 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Franklin Master Intermediate Income Trust (PIM) for Q4 2020, worth a combined $65.6M — up 16% from $56.5M a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new PIM positions and 4 closed out — a net gain of 15 holders — while 13 added to existing stakes and 8 trimmed.
The largest buyer was Sit Investment Associates, adding an estimated $2.4M. The largest seller was Bank of America, cutting an estimated $211K.
- 57 institutional investors held Franklin Master Intermediate Income Trust (PIM) as of Q4 2020, up from 43 in Q3 2020.
- Funds reported $65.6M of Franklin Master Intermediate Income Trust stock for Q4 2020, up 16% quarter-over-quarter.
- 19 funds opened new Franklin Master Intermediate Income Trust positions in Q4 2020 and 4 closed out, a net change of +15 holders.
- The largest Franklin Master Intermediate Income Trust buyer in Q4 2020 was Sit Investment Associates, an estimated $2.4M added.
- The largest Franklin Master Intermediate Income Trust seller in Q4 2020 was Bank of America, an estimated $211K sold.
Based on aggregated 13F filings for Q4 2020.