Franklin Investment Grade Corporate ETF
FLCO
9 hedge funds and large institutions have $226M invested in Franklin Investment Grade Corporate ETF in 2019 Q3 according to their latest regulatory filings, with 1 funds opening new positions, 4 increasing their positions, 3 reducing their positions, and 2 closing their positions.
87% more capital invested
Capital invested by funds: $121M → $226M (+$105M)
33% more repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 3
1.52% more ownership
Funds ownership: 95.6% → 97.12% (+1.5%)
10% less funds holding
Funds holding: 10 → 9 (-1)
50% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 2
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
+$102M |
| 2 |
FHA
Flagship Harbor Advisors
Boston,
Massachusetts
|
+$288K |
| 3 |
BFEC
Benjamin F. Edwards & Company
St. Louis,
Missouri
|
+$282K |
| 4 |
Morgan Stanley
New York
|
+$73.1K |
| 5 |
LPL Financial
San Diego,
California
|
+$64.8K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$418K |
| 2 |
PCM
Penserra Capital Management
Orinda,
California
|
-$85K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$32.4K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$8.99K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$2.29K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
1
Franklin Resources
San Mateo,
California
| $221M | +$102M | +4,004,325 | +86% |
|
|
BFEC
2
Benjamin F. Edwards & Company
St. Louis,
Missouri
| $2.14M | +$282K | +11,083 | +15% |
|
|
3
Bank of America
Charlotte,
North Carolina
| $1.86M | -$32.4K | -1,277 | -2% |
|
|
4
LPL Financial
San Diego,
California
| $320K | +$64.8K | +2,553 | +26% |
|
|
FHA
5
Flagship Harbor Advisors
Boston,
Massachusetts
| $290K | +$288K | +11,350 | New |
|
|
6
Morgan Stanley
New York
| $191K | +$73.1K | +2,877 | +63% |
|
|
LTFS
7
Ladenburg Thalmann Financial Services
Miami,
Florida
| $90K | – | – | – |
|
|
8
Royal Bank of Canada
Toronto,
Ontario, Canada
| $38K | -$2.29K | -90 | -6% |
|
|
9
UBS Group
Zurich,
Switzerland
| $6K | -$8.99K | -354 | -59% |
|
|
10
Jane Street
New York
| – | -$418K | -16,678 | Closed |
|
|
PCM
11
Penserra Capital Management
Orinda,
California
| – | -$85K | -3,400 | Closed |
|
FLCO Hedge Fund Activity: Q3 2019 in Review
9 of the 4,561 institutional investors tracked by Wall St. Rank reported a position in Franklin Investment Grade Corporate ETF (FLCO) for Q3 2019, worth a combined $226M — up 87% from $121M a quarter earlier.
Sellers outnumbered buyers: 2 funds closed out of FLCO and 1 opened new positions — a net loss of 1 holder — while 3 trimmed existing stakes and 4 added.
The largest buyer was Franklin Resources, adding an estimated $102M. The largest seller was Jane Street, exiting entirely with an estimated $418K sold.
- 9 institutional investors held Franklin Investment Grade Corporate ETF (FLCO) as of Q3 2019, down from 10 in Q2 2019.
- Funds reported $226M of Franklin Investment Grade Corporate ETF stock for Q3 2019, up 87% quarter-over-quarter.
- 1 fund opened new Franklin Investment Grade Corporate ETF positions in Q3 2019 and 2 closed out, a net change of -1 holder.
- The largest Franklin Investment Grade Corporate ETF buyer in Q3 2019 was Franklin Resources, an estimated $102M added.
- The largest Franklin Investment Grade Corporate ETF seller in Q3 2019 was Jane Street, an estimated $418K sold.
Based on aggregated 13F filings for Q3 2019.