Franklin Investment Grade Corporate ETF
FLCO
22 hedge funds and large institutions have $613M invested in Franklin Investment Grade Corporate ETF in 2023 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 8 increasing their positions, 5 reducing their positions, and 5 closing their positions.
60% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 5
1.1% more ownership
Funds ownership: 93.72% → 94.82% (+1.1%)
2% more capital invested
Capital invested by funds: $600M → $613M (+$12.7M)
8% less funds holding
Funds holding: 24 → 22 (-2)
40% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$7.89M |
| 2 |
Franklin Resources
San Mateo,
California
|
+$6.48M |
| 3 |
Bank of New York Mellon
New York
|
+$3.93M |
| 4 |
BFEC
Benjamin F. Edwards & Company
St. Louis,
Missouri
|
+$1.18M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$489K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$606K |
| 2 |
OMC
Old Mission Capital
Chicago,
Illinois
|
-$499K |
| 3 |
AT
American Trust
Lexington,
Kentucky
|
-$232K |
| 4 |
Truist Financial
Charlotte,
North Carolina
|
-$82.9K |
| 5 |
ACM
AlphaStar Capital Management
Cornelius,
North Carolina
|
-$47.6K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
UBS Group
Zurich,
Switzerland
| – | -$12.4K | -578 | Closed |
|
|
BAM
27
Belpointe Asset Management
Reno,
Nevada
| – | -$7.62K | -355 | Closed |
|
FLCO Hedge Fund Activity: Q2 2023 in Review
22 of the 6,370 institutional investors tracked by Wall St. Rank reported a position in Franklin Investment Grade Corporate ETF (FLCO) for Q2 2023, worth a combined $613M — up 2.1% from $600M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of FLCO and 3 opened new positions — a net loss of 2 holders — while 5 trimmed existing stakes and 8 added.
The largest buyer was Jane Street, opening a new position worth an estimated $7.89M. The largest seller was Citadel Advisors, exiting entirely with an estimated $606K sold.
- 22 institutional investors held Franklin Investment Grade Corporate ETF (FLCO) as of Q2 2023, down from 24 in Q1 2023.
- Funds reported $613M of Franklin Investment Grade Corporate ETF stock for Q2 2023, up 2.1% quarter-over-quarter.
- 3 funds opened new Franklin Investment Grade Corporate ETF positions in Q2 2023 and 5 closed out, a net change of -2 holders.
- The largest Franklin Investment Grade Corporate ETF buyer in Q2 2023 was Jane Street, an estimated $7.89M added.
- The largest Franklin Investment Grade Corporate ETF seller in Q2 2023 was Citadel Advisors, an estimated $606K sold.
Based on aggregated 13F filings for Q2 2023.