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PIM

Franklin Master Intermediate Income Trust
PIM

46 hedge funds and large institutions have $88.5M invested in Franklin Master Intermediate Income Trust in 2024 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 11 increasing their positions, 14 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

6% more capital invested

Capital invested by funds: $83.7M → $88.5M (+$4.75M)

0.29% more ownership

Funds ownership: 53.69% → 53.98% (+0.29%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

4% less funds holding

Funds holding: 48 → 46 (-2)

21% less repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 14

33% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 6

Holders
46
Holders Change
-2
Holders Change %
-4.17%
% of All Funds
0.66%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
4
Increased
11
Reduced
14
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
SIA
Sit Investment Associates
Minnesota
+$4.65M
2
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$231K
3
Stifel Financial
Stifel Financial
Missouri
+$109K
4
CPRC
Consolidated Portfolio Review Corp
New York
+$48.9K
5
PWM
Perigon Wealth Management
California
+$48.2K

Top Sellers

1
KIM
Karpus Investment Management
New York
-$2.52M
2
Wells Fargo
Wells Fargo
California
-$439K
3
FSI
Flow State Investments
Illinois
-$387K
4
SFS
Shaker Financial Services
Virginia
-$341K
5
Allspring Global Investments
Allspring Global Investments
North Carolina
-$286K
Name Holding Trade Value Shares
Change 		Change in
Stake
SIA
1
Sit Investment Associates
Minnesota
$77.2M +$4.65M +1,399,590 +7%
Allspring Global Investments
2
Allspring Global Investments
North Carolina
$2.46M -$286K -86,000 -11%
1CP
3
1607 Capital Partners
Virginia
$1.96M -$49.2K -14,800 -2%
CPRC
4
Consolidated Portfolio Review Corp
New York
$904K +$48.9K +14,721 +6%
Morgan Stanley
5
Morgan Stanley
New York
$667K +$1.72K +516 +0.3%
GCP
6
Gill Capital Partners
Colorado
$609K +$1.09K +328 +0.2%
Janney Montgomery Scott
7
Janney Montgomery Scott
Pennsylvania
$519K -$15.5K -4,673 -3%
PM
8
Penbrook Management
New York
$504K -$3.99K -1,200 -0.8%
SFS
9
Shaker Financial Services
Virginia
$461K -$341K -102,531 -43%
NA
10
NewEdge Advisors
Louisiana
$393K -$12.7K -3,817 -3%
Royal Bank of Canada
11
Royal Bank of Canada
Ontario, Canada
$290K +$231K +69,521 +427%
MWM
12
Melfa Wealth Management
Massachusetts
$251K – – –
SBIA
13
Sheaff Brock Investment Advisors
Indiana
$225K – – –
Commonwealth Equity Services
14
Commonwealth Equity Services
Massachusetts
$210K -$7.09K -2,135 -3%
FAG
15
Fortitude Advisory Group
Washington
$164K +$44.8K +13,475 +39%
TCA
16
Transcend Capital Advisors
New Jersey
$160K – – –
LPL Financial
17
LPL Financial
California
$159K -$2.49K -750 -2%
Stifel Financial
18
Stifel Financial
Missouri
$146K +$109K +32,798 +318%
HIP
19
HUB Investment Partners
Texas
$139K -$127K -38,169 -48%
UBS Group
20
UBS Group
Switzerland
$111K -$10.3K -3,094 -9%
BFS
21
Bard Financial Services
Connecticut
$73K – – –
CCM
22
Coldstream Capital Management
Washington
$69.2K +$1.33K +401 +2%
WFA
23
WMG Financial Advisors
Tennessee
$66.8K – – –
LCM
24
Landscape Capital Management
New Jersey
$64.8K -$165K -49,641 -72%
SWP
25
Stratos Wealth Partners
Ohio
$64.6K +$8.33K +2,507 +15%
1
2 3

PIM Hedge Fund Activity: Q3 2024 in Review

46 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Franklin Master Intermediate Income Trust (PIM) for Q3 2024, worth a combined $88.5M — up 5.7% from $83.7M a quarter earlier.

Sellers outnumbered buyers: 6 funds closed out of PIM and 4 opened new positions — a net loss of 2 holders — while 14 trimmed existing stakes and 11 added.

The largest buyer was Sit Investment Associates, adding an estimated $4.65M. The largest seller was Karpus Investment Management, exiting entirely with an estimated $2.52M sold.

  • 46 institutional investors held Franklin Master Intermediate Income Trust (PIM) as of Q3 2024, down from 48 in Q2 2024.
  • Funds reported $88.5M of Franklin Master Intermediate Income Trust stock for Q3 2024, up 5.7% quarter-over-quarter.
  • 4 funds opened new Franklin Master Intermediate Income Trust positions in Q3 2024 and 6 closed out, a net change of -2 holders.
  • The largest Franklin Master Intermediate Income Trust buyer in Q3 2024 was Sit Investment Associates, an estimated $4.65M added.
  • The largest Franklin Master Intermediate Income Trust seller in Q3 2024 was Karpus Investment Management, an estimated $2.52M sold.

Based on aggregated 13F filings for Q3 2024.