Franklin Investment Grade Corporate ETF
FLCO
24 hedge funds and large institutions have $600M invested in Franklin Investment Grade Corporate ETF in 2023 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 9 increasing their positions, 6 reducing their positions, and 6 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 6
2% more capital invested
Capital invested by funds: $586M → $600M (+$14M)
0.33% less ownership
Funds ownership: 94.05% → 93.72% (-0.33%)
14% less funds holding
Funds holding: 28 → 24 (-4)
67% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$4.02M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$603K |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$564K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$528K |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
+$429K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
-$4.17M |
| 2 |
HighTower Advisors
Chicago,
Illinois
|
-$3.33M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$869K |
| 4 |
Jane Street
New York
|
-$502K |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$266K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
26
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$869K | -41,641 | Closed |
|
|
27
Jane Street
New York
| – | -$502K | -24,057 | Closed |
|
|
28
Commonwealth Equity Services
Waltham,
Massachusetts
| – | -$266K | -12,767 | Closed |
|
29
Cambridge Investment Research Advisors
Fairfield,
Iowa
| – | -$216K | -10,327 | Closed |
|
30
Fidelity Investments
Boston,
Massachusetts
| – | -$21 | -1 | Closed |
|
FLCO Hedge Fund Activity: Q1 2023 in Review
24 of the 6,276 institutional investors tracked by Wall St. Rank reported a position in Franklin Investment Grade Corporate ETF (FLCO) for Q1 2023, worth a combined $600M — up 2.4% from $586M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of FLCO and 2 opened new positions — a net loss of 4 holders — while 6 trimmed existing stakes and 9 added.
The largest buyer was Morgan Stanley, adding an estimated $4.02M. The largest seller was Franklin Resources, cutting an estimated $4.17M.
- 24 institutional investors held Franklin Investment Grade Corporate ETF (FLCO) as of Q1 2023, down from 28 in Q4 2022.
- Funds reported $600M of Franklin Investment Grade Corporate ETF stock for Q1 2023, up 2.4% quarter-over-quarter.
- 2 funds opened new Franklin Investment Grade Corporate ETF positions in Q1 2023 and 6 closed out, a net change of -4 holders.
- The largest Franklin Investment Grade Corporate ETF buyer in Q1 2023 was Morgan Stanley, an estimated $4.02M added.
- The largest Franklin Investment Grade Corporate ETF seller in Q1 2023 was Franklin Resources, an estimated $4.17M sold.
Based on aggregated 13F filings for Q1 2023.