Franklin Universal Trust
29 hedge funds and large institutions have $16.4M invested in Franklin Universal Trust in 2013 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 9 increasing their positions, 10 reducing their positions, and 5 closing their positions.
23% more capital invested
Capital invested by funds: $13.3M → $16.4M (+$3.02M)
1.76% more ownership
Funds ownership: 7.77% → 9.53% (+1.8%)
9% less funds holding
Funds holding: 32 → 29 (-3)
10% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 10
40% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
+$4.34M |
| 2 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$380K |
| 3 |
DA
Doliver Advisors
Houston,
Texas
|
+$200K |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$176K |
| 5 |
SNC
Stifel Nicolaus & Co
St Louis,
Missouri
|
+$113K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$965K |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$561K |
| 3 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$147K |
| 4 |
Morgan Stanley
New York
|
-$131K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$131K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Creative Planning
Overland Park,
Kansas
| $15K | +$15.5K | +2,250 | New |
|
|
PAS
27
Partnervest Advisory Services
Santa Barbara,
California
| $8K | -$1.9K | -275 | -19% |
|
|
ECM
28
ETrade Capital Management
Arlington,
Virginia
| $2K | +$28 | +4 | +2% |
|
|
TRCT
29
Tower Research Capital (TRC)
New York
| $1K | -$69 | -10 | -6% |
|
|
WAM
30
Wolverine Asset Management
Chicago,
Illinois
| – | -$561K | -82,268 | Closed |
|
|
FNYS
31
First New York Securities
New York
| – | -$96K | -14,015 | Closed |
|
|
RCM
32
Rivernorth Capital Management
West Palm Beach,
Florida
| – | -$94K | -13,700 | Closed |
|
33
Ameriprise
Minneapolis,
Minnesota
| – | -$7K | -999 | Closed |
|
|
MA
34
MCF Advisors
Covington,
Kentucky
| – | -$7K | -920 | Closed |
|
FT Hedge Fund Activity: Q3 2013 in Review
29 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Franklin Universal Trust (FT) for Q3 2013, worth a combined $16.4M — up 23% from $13.3M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of FT and 3 opened new positions — a net loss of 2 holders — while 10 trimmed existing stakes and 9 added.
The largest buyer was Financial & Investment Management Group, adding an estimated $4.34M. The largest seller was Advisors Asset Management, cutting an estimated $965K.
- 29 institutional investors held Franklin Universal Trust (FT) as of Q3 2013, down from 32 in Q2 2013.
- Funds reported $16.4M of Franklin Universal Trust stock for Q3 2013, up 23% quarter-over-quarter.
- 3 funds opened new Franklin Universal Trust positions in Q3 2013 and 5 closed out, a net change of -2 holders.
- The largest Franklin Universal Trust buyer in Q3 2013 was Financial & Investment Management Group, an estimated $4.34M added.
- The largest Franklin Universal Trust seller in Q3 2013 was Advisors Asset Management, an estimated $965K sold.
Based on aggregated 13F filings for Q3 2013.