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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.

New
Increased
Maintained
Reduced
Closed

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

Holders
24
Holders Change
-4
Holders Change %
-14.29%
% of All Funds
0.38%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
2
Increased
9
Reduced
6
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$4.02M
2
Citadel Advisors
Citadel Advisors
Florida
+$603K
3
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$564K
4
Bank of America
Bank of America
North Carolina
+$528K
5
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$429K

Top Sellers

Rank Fund Capital Flow
1
Franklin Resources
Franklin Resources
California
-$4.17M
2
HighTower Advisors
HighTower Advisors
Illinois
-$3.33M
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$869K
4
Jane Street
Jane Street
New York
-$502K
5
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
-$266K
Name Holding Trade Value Shares
Change 		Change in
Stake
Franklin Resources
1
Franklin Resources
California
$543M -$4.17M -195,433 -0.8%
Morgan Stanley
2
Morgan Stanley
New York
$36.9M +$4.02M +188,408 +12%
Bank of America
3
Bank of America
North Carolina
$7.01M +$528K +24,738 +8%
BFEC
4
Benjamin F. Edwards & Company
Missouri
$3.13M +$139K +6,493 +5%
Envestnet Asset Management
5
Envestnet Asset Management
Illinois
$2.49M +$429K +20,095 +21%
Truist Financial
6
Truist Financial
North Carolina
$1.69M +$12.9K +603 +0.8%
LPL Financial
7
LPL Financial
California
$969K -$70.7K -3,311 -7%
ACM
8
AlphaStar Capital Management
North Carolina
$649K -$88.5K -4,144 -12%
Royal Bank of Canada
9
Royal Bank of Canada
Ontario, Canada
$636K +$564K +26,400 +819%
Citadel Advisors
10
Citadel Advisors
Florida
$606K +$603K +28,233 New
Cetera Investment Advisers
11
Cetera Investment Advisers
Illinois
$594K +$123K +5,766 +26%
VCP
12
Verus Capital Partners
Arizona
$525K +$3.31K +155 +0.6%
OMC
13
Old Mission Capital
Illinois
$499K +$86.3K +4,038 +21%
Osaic Holdings
14
Osaic Holdings
Arizona
$365K -$15.3K -714 -4%
AT
15
American Trust
Kentucky
$232K +$59.9K +2,805 New
GWM
16
Geneos Wealth Management
Colorado
$159K – – –
HI
17
Harbour Investments
Wisconsin
$64.4K – – –
FDCDDQ
18
Federation des caisses Desjardins du Quebec
Quebec, Canada
$39.6K – – –
UBS Group
19
UBS Group
Switzerland
$12.4K -$8.24K -386 -40%
Wells Fargo
20
Wells Fargo
California
$11.1K -$21 -1 -0.2%
GRP
21
Global Retirement Partners
California
$10.3K – – –
National Bank of Canada
22
National Bank of Canada
Quebec, Canada
$7.99K – – –
BAM
23
Belpointe Asset Management
Nevada
$7.62K – – –
GEA
24
Glen Eagle Advisors
New Jersey
$1.8K – – –
HighTower Advisors
25
HighTower Advisors
Illinois
– -$3.33M -159,808 Closed
1
2

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.