Franklin Investment Grade Corporate ETF
FLCO
32 hedge funds and large institutions have $298M invested in Franklin Investment Grade Corporate ETF in 2024 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 11 increasing their positions, 9 reducing their positions, and 2 closing their positions.
200% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 2
22% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 9
14% more funds holding
Funds holding: 28 → 32 (+4)
13.58% less ownership
Funds ownership: 95.44% → 81.86% (-14%)
52% less capital invested
Capital invested by funds: $618M → $298M (-$320M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HFS
Hantz Financial Services
Southfield,
Michigan
|
+$26.3M |
| 2 |
LPL Financial
San Diego,
California
|
+$2.56M |
| 3 |
Jane Street
New York
|
+$1.19M |
| 4 |
BFEC
Benjamin F. Edwards & Company
St. Louis,
Missouri
|
+$732K |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
+$682K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
-$293M |
| 2 |
Morgan Stanley
New York
|
-$46.4M |
| 3 |
Bank of New York Mellon
New York
|
-$2.63M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$1.52M |
| 5 |
JP Morgan Chase
New York
|
-$549K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
NS
26
NBC Securities
Birmingham,
Alabama
| $18K | – | – | – |
|
|
AF
27
Allworth Financial
Folsom,
California
| $14.9K | +$14.9K | +700 | New |
|
28
National Bank of Canada
Montreal,
Quebec, Canada
| $13.8K | – | – | – |
|
29
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| $11K | +$10.8K | +508 | New |
|
30
Royal Bank of Canada
Toronto,
Ontario, Canada
| $8K | – | – | – |
|
|
GRP
31
Global Retirement Partners
San Rafael,
California
| $1.71K | – | – | – |
|
|
GEA
32
Glen Eagle Advisors
Kingston,
New Jersey
| $726 | – | – | – |
|
|
33
Bank of New York Mellon
New York
| – | -$2.63M | -121,413 | Closed |
|
|
34
Citadel Advisors
Miami,
Florida
| – | -$1.52M | -70,413 | Closed |
|
FLCO Hedge Fund Activity: Q1 2024 in Review
32 of the 6,943 institutional investors tracked by Wall St. Rank reported a position in Franklin Investment Grade Corporate ETF (FLCO) for Q1 2024, worth a combined $298M — down 52% from $618M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new FLCO positions and 2 closed out — a net gain of 4 holders — while 11 added to existing stakes and 9 trimmed.
The largest buyer was Hantz Financial Services, adding an estimated $26.3M. The largest seller was Franklin Resources, cutting an estimated $293M.
- 32 institutional investors held Franklin Investment Grade Corporate ETF (FLCO) as of Q1 2024, up from 28 in Q4 2023.
- Funds reported $298M of Franklin Investment Grade Corporate ETF stock for Q1 2024, down 52% quarter-over-quarter.
- 6 funds opened new Franklin Investment Grade Corporate ETF positions in Q1 2024 and 2 closed out, a net change of +4 holders.
- The largest Franklin Investment Grade Corporate ETF buyer in Q1 2024 was Hantz Financial Services, an estimated $26.3M added.
- The largest Franklin Investment Grade Corporate ETF seller in Q1 2024 was Franklin Resources, an estimated $293M sold.
Based on aggregated 13F filings for Q1 2024.