Franklin Master Intermediate Income Trust
PIM
53 hedge funds and large institutions have $75.2M invested in Franklin Master Intermediate Income Trust in 2023 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 14 increasing their positions, 13 reducing their positions, and 4 closing their positions.
25% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 4
4.83% more ownership
Funds ownership: 46.09% → 50.93% (+4.8%)
2% more funds holding
Funds holding: 52 → 53 (+1)
8% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 13
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% less capital invested
Capital invested by funds: $75.5M → $75.2M (-$245K)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$4.21M |
| 2 |
Allspring Global Investments
Charlotte,
North Carolina
|
+$462K |
| 3 |
CPRC
Consolidated Portfolio Review Corp
Woodbury,
New York
|
+$276K |
| 4 |
FCI
Financial Counselors Inc
Overland Park,
Kansas
|
+$238K |
| 5 |
MWM
Melfa Wealth Management
Westborough,
Massachusetts
|
+$214K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
-$699K |
| 2 |
TW
Transform Wealth
Greenwood Village,
Colorado
|
-$528K |
| 3 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$468K |
| 4 |
Invesco
Atlanta,
Georgia
|
-$324K |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$250K |
PIM Hedge Fund Activity: Q3 2023 in Review
53 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in Franklin Master Intermediate Income Trust (PIM) for Q3 2023, worth a combined $75.2M — down 0.32% from $75.5M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new PIM positions and 4 closed out — a net gain of 1 holder — while 14 added to existing stakes and 13 trimmed.
The largest buyer was Sit Investment Associates, adding an estimated $4.21M. The largest seller was Envestnet Asset Management, exiting entirely with an estimated $699K sold.
- 53 institutional investors held Franklin Master Intermediate Income Trust (PIM) as of Q3 2023, up from 52 in Q2 2023.
- Funds reported $75.2M of Franklin Master Intermediate Income Trust stock for Q3 2023, down 0.32% quarter-over-quarter.
- 5 funds opened new Franklin Master Intermediate Income Trust positions in Q3 2023 and 4 closed out, a net change of +1 holder.
- The largest Franklin Master Intermediate Income Trust buyer in Q3 2023 was Sit Investment Associates, an estimated $4.21M added.
- The largest Franklin Master Intermediate Income Trust seller in Q3 2023 was Envestnet Asset Management, an estimated $699K sold.
Based on aggregated 13F filings for Q3 2023.