Franklin Universal Trust
47 hedge funds and large institutions have $35.3M invested in Franklin Universal Trust in 2019 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 14 increasing their positions, 13 reducing their positions, and 9 closing their positions.
11% more capital invested
Capital invested by funds: $31.7M → $35.3M (+$3.61M)
8% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 13
0.94% less ownership
Funds ownership: 19.57% → 18.64% (-0.94%)
10% less funds holding
Funds holding: 52 → 47 (-5)
56% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Stifel Financial
St. Louis,
Missouri
|
+$890K |
| 2 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$340K |
| 3 |
Koshinski Asset Management
Decatur,
Illinois
|
+$321K |
| 4 |
Morgan Stanley
New York
|
+$231K |
| 5 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$197K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$870K |
| 2 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$548K |
| 3 |
AC
Almitas Capital
Santa Monica,
California
|
-$431K |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$359K |
| 5 |
MAFM
Mid Atlantic Financial Management
Pittsburgh,
Pennsylvania
|
-$308K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WAM
51
Wolverine Asset Management
Chicago,
Illinois
| – | -$196K | -26,810 | Closed |
|
|
CA
52
Cetera Advisors
Denver,
Colorado
| – | -$113K | -15,722 | Closed |
|
|
DWM
53
Doyle Wealth Management
St. Petersburg,
Florida
| – | -$3K | -473 | Closed |
|
54
Fidelity Investments
Boston,
Massachusetts
| – | +$7 | +1 | New |
|
FT Hedge Fund Activity: Q3 2019 in Review
47 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Franklin Universal Trust (FT) for Q3 2019, worth a combined $35.3M — up 11% from $31.7M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of FT and 4 opened new positions — a net loss of 5 holders — while 13 trimmed existing stakes and 14 added.
The largest buyer was Stifel Financial, adding an estimated $890K. The largest seller was Shaker Financial Services, cutting an estimated $870K.
- 47 institutional investors held Franklin Universal Trust (FT) as of Q3 2019, down from 52 in Q2 2019.
- Funds reported $35.3M of Franklin Universal Trust stock for Q3 2019, up 11% quarter-over-quarter.
- 4 funds opened new Franklin Universal Trust positions in Q3 2019 and 9 closed out, a net change of -5 holders.
- The largest Franklin Universal Trust buyer in Q3 2019 was Stifel Financial, an estimated $890K added.
- The largest Franklin Universal Trust seller in Q3 2019 was Shaker Financial Services, an estimated $870K sold.
Based on aggregated 13F filings for Q3 2019.