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PIM

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.

New
Increased
Maintained
Reduced
Closed

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)

Holders
53
Holders Change
+1
Holders Change %
+1.92%
% of All Funds
0.84%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
5
Increased
14
Reduced
13
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
SIA
Sit Investment Associates
Minnesota
+$4.21M
2
Allspring Global Investments
Allspring Global Investments
North Carolina
+$462K
3
CPRC
Consolidated Portfolio Review Corp
New York
+$276K
4
FCI
Financial Counselors Inc
Kansas
+$238K
5
MWM
Melfa Wealth Management
Massachusetts
+$214K

Top Sellers

1
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$699K
2
TW
Transform Wealth
Colorado
-$528K
3
TJHA
Thomas J. Herzfeld Advisors
Florida
-$468K
4
Invesco
Invesco
Georgia
-$324K
5
SFS
Shaker Financial Services
Virginia
-$250K
Name Holding Trade Value Shares
Change 		Change in
Stake
SIA
1
Sit Investment Associates
Minnesota
$60.1M +$4.21M +1,342,000 +7%
1CP
2
1607 Capital Partners
Virginia
$3.67M – – –
KIM
3
Karpus Investment Management
New York
$2.58M -$10.8K -3,450 -0.4%
Allspring Global Investments
4
Allspring Global Investments
North Carolina
$1.73M +$462K +147,196 +35%
Invesco
5
Invesco
Georgia
$853K -$324K -103,205 -27%
TW
6
Transform Wealth
Colorado
$594K -$528K -168,025 -46%
Morgan Stanley
7
Morgan Stanley
New York
$584K +$91.4K +29,092 +18%
GCP
8
Gill Capital Partners
Colorado
$524K +$72 +23 +0%
PM
9
Penbrook Management
New York
$504K – – –
CPRC
10
Consolidated Portfolio Review Corp
New York
$387K +$276K +87,744 +217%
NA
11
NewEdge Advisors
Louisiana
$293K -$99.6K -31,700 -25%
Janney Montgomery Scott
12
Janney Montgomery Scott
Pennsylvania
$278K +$983 +313 +0.3%
MWM
13
Melfa Wealth Management
Massachusetts
$245K +$214K +68,266 +534%
HIP
14
HUB Investment Partners
Texas
$238K +$1.41K +449 +0.6%
FCI
15
Financial Counselors Inc
Kansas
$229K +$238K +75,730 New
SBIA
16
Sheaff Brock Investment Advisors
Indiana
$200K – – –
MC
17
Moors & Cabot
Massachusetts
$199K +$48.7K +15,500 +31%
Commonwealth Equity Services
18
Commonwealth Equity Services
Massachusetts
$198K -$15.2K -4,826 -7%
CCP
19
Clough Capital Partners
Massachusetts
$185K -$76.9K -24,500 -29%
LPL Financial
20
LPL Financial
California
$152K -$2.98K -949 -2%
TCA
21
Transcend Capital Advisors
New Jersey
$141K – – –
TJHA
22
Thomas J. Herzfeld Advisors
Florida
$120K -$468K -149,142 -79%
UBS Group
23
UBS Group
Switzerland
$117K -$11.3K -3,586 -8%
FAG
24
Fortitude Advisory Group
Washington
$105K – – –
Susquehanna International Group
25
Susquehanna International Group
Pennsylvania
$96.8K +$37K +11,784 +58%
1
2 3

PIM Hedge Fund Activity: Q3 2023 in Review

53 of the 6,301 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.