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PIM

Franklin Master Intermediate Income Trust
PIM

48 hedge funds and large institutions have $83.7M invested in Franklin Master Intermediate Income Trust in 2024 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 15 increasing their positions, 9 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

67% more repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 9

40% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 5

4% more funds holding

Funds holding: 46 → 48 (+2)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0% less capital invested

Capital invested by funds: $83.9M → $83.7M (-$206K)

0.57% less ownership

Funds ownership: 54.26% → 53.69% (-0.57%)

Holders
48
Holders Change
+2
Holders Change %
+4.35%
% of All Funds
0.69%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
7
Increased
15
Reduced
9
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
SFS
Shaker Financial Services
Virginia
+$605K
2
Wells Fargo
Wells Fargo
California
+$409K
3
Allspring Global Investments
Allspring Global Investments
North Carolina
+$219K
4
Janney Montgomery Scott
Janney Montgomery Scott
Pennsylvania
+$185K
5
FSI
Flow State Investments
Illinois
+$158K

Top Sellers

1
SIA
Sit Investment Associates
Minnesota
-$1.72M
2
PI
PFG Investments
New York
-$769K
3
Invesco
Invesco
Georgia
-$211K
4
KIM
Karpus Investment Management
New York
-$148K
5
1CP
1607 Capital Partners
Virginia
-$145K
Name Holding Trade Value Shares
Change 		Change in
Stake
SIA
1
Sit Investment Associates
Minnesota
$68.9M -$1.72M -545,305 -2%
Allspring Global Investments
2
Allspring Global Investments
North Carolina
$2.62M +$219K +69,175 +9%
KIM
3
Karpus Investment Management
New York
$2.52M -$148K -46,702 -6%
1CP
4
1607 Capital Partners
Virginia
$1.92M -$145K -45,736 -7%
CPRC
5
Consolidated Portfolio Review Corp
New York
$813K +$37.6K +11,882 +5%
SFS
6
Shaker Financial Services
Virginia
$772K +$605K +191,369 +413%
Morgan Stanley
7
Morgan Stanley
New York
$633K +$28.7K +9,072 +5%
GCP
8
Gill Capital Partners
Colorado
$578K +$4.19K +1,326 +0.7%
Janney Montgomery Scott
9
Janney Montgomery Scott
Pennsylvania
$509K +$185K +58,460 +59%
PM
10
Penbrook Management
New York
$484K – – –
Wells Fargo
11
Wells Fargo
California
$443K +$409K +129,453 +1,631%
FSI
12
Flow State Investments
Illinois
$387K +$158K +50,000 +71%
NA
13
NewEdge Advisors
Louisiana
$386K -$16.5K -5,216 -4%
HIP
14
HUB Investment Partners
Texas
$256K +$1.11K +351 +0.4%
MWM
15
Melfa Wealth Management
Massachusetts
$239K +$250 +79 +0.1%
LCM
16
Landscape Capital Management
New Jersey
$222K +$62.8K +19,849 +41%
SBIA
17
Sheaff Brock Investment Advisors
Indiana
$214K – – –
Commonwealth Equity Services
18
Commonwealth Equity Services
Massachusetts
$207K -$5.53K -1,749 -3%
LPL Financial
19
LPL Financial
California
$153K -$2.32K -735 -2%
TCA
20
Transcend Capital Advisors
New Jersey
$152K – – –
UBS Group
21
UBS Group
Switzerland
$116K -$8.22K -2,600 -7%
FAG
22
Fortitude Advisory Group
Washington
$112K – – –
Cetera Investment Advisers
23
Cetera Investment Advisers
Illinois
$101K +$99.3K +31,392 New
FA
24
FDx Advisors
Illinois
$77K +$75.9K +24,000 New
BFS
25
Bard Financial Services
Connecticut
$69.5K – – –
1
2 3

PIM Hedge Fund Activity: Q2 2024 in Review

48 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in Franklin Master Intermediate Income Trust (PIM) for Q2 2024, worth a combined $83.7M — down 0.25% from $83.9M a quarter earlier.

Buyers outnumbered sellers: 7 funds opened new PIM positions and 5 closed out — a net gain of 2 holders — while 15 added to existing stakes and 9 trimmed.

The largest buyer was Shaker Financial Services, adding an estimated $605K. The largest seller was Sit Investment Associates, cutting an estimated $1.72M.

  • 48 institutional investors held Franklin Master Intermediate Income Trust (PIM) as of Q2 2024, up from 46 in Q1 2024.
  • Funds reported $83.7M of Franklin Master Intermediate Income Trust stock for Q2 2024, down 0.25% quarter-over-quarter.
  • 7 funds opened new Franklin Master Intermediate Income Trust positions in Q2 2024 and 5 closed out, a net change of +2 holders.
  • The largest Franklin Master Intermediate Income Trust buyer in Q2 2024 was Shaker Financial Services, an estimated $605K added.
  • The largest Franklin Master Intermediate Income Trust seller in Q2 2024 was Sit Investment Associates, an estimated $1.72M sold.

Based on aggregated 13F filings for Q2 2024.