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FTF

Franklin Limited Duration Income Trust
FTF

50 hedge funds and large institutions have $88.1M invested in Franklin Limited Duration Income Trust in 2014 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 15 increasing their positions, 18 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

350% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 2

26% more capital invested

Capital invested by funds: $70.1M → $88.1M (+$18M)

16% more funds holding

Funds holding: 43 → 50 (+7)

5.02% more ownership

Funds ownership: 20.16% → 25.18% (+5%)

17% less repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 18

Holders
50
Holders Change
+7
Holders Change %
+16.28%
% of All Funds
1.44%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
9
Increased
15
Reduced
18
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
+$8.4M
2
SCM
Saba Capital Management
New York
+$8.25M
3
RCM
Rivernorth Capital Management
Florida
+$1.28M
4
Invesco
Invesco
Georgia
+$877K
5
NL
NWAM LLC
Washington
+$715K

Top Sellers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
-$1.86M
2
WAM
Wolverine Asset Management
Illinois
-$614K
3
LPL Financial
LPL Financial
California
-$586K
4
AAM
Advisors Asset Management
Colorado
-$243K
5
VKH
Virtu KCG Holdings
New York
-$218K
Name Holding Trade Value Shares
Change 		Change in
Stake
CWM
26
Cabot Wealth Management
Massachusetts
$338K -$50.5K -3,856 -13%
AIG
27
American International Group
New York
$330K -$43.3K -3,312 -12%
HK
28
Horizon Kinetics
New York
$280K -$13.8K -1,051 -5%
Cambridge Investment Research Advisors
29
Cambridge Investment Research Advisors
Iowa
$275K +$13.8K +1,058 +5%
SG Americas Securities
30
SG Americas Securities
New York
$267K +$27.8K +2,124 +12%
OC
31
Oppenheimer & Co
New York
$247K -$10.3K -785 -4%
PPA
32
Parametric Portfolio Associates
Washington
$211K +$8.29K +633 +4%
DI
33
Dalton Investments
Nevada
$206K +$3.42K +261 +2%
Royal Bank of Canada
34
Royal Bank of Canada
Ontario, Canada
$189K +$7.55K +577 +4%
ICAS
35
Investors Capital Advisory Services
Massachusetts
$183K +$184K +14,072 New
TC
36
TFS Capital
Pennsylvania
$181K +$182K +13,902 New
Envestnet Asset Management
37
Envestnet Asset Management
Illinois
$170K +$170K +13,005 New
UCFA
38
United Capital Financial Advisors
Texas
$170K +$170K +13,005 New
CS
39
Credit Suisse
Switzerland
$152K – – –
SFS
40
Shaker Financial Services
Virginia
$144K – – –
B
41
Baird
Wisconsin
$139K +$139K +10,619 New
LTFS
42
Ladenburg Thalmann Financial Services
Florida
$106K -$7.05K -539 -6%
Creative Planning
43
Creative Planning
Kansas
$79K -$119K -9,080 -60%
HCM
44
Highlander Capital Management
New Jersey
$10.4K – – –
OIA
45
Optimum Investment Advisors
Illinois
$9K – – –
FMII
46
Farmers & Merchants Investments Inc
Nebraska
$8K – – –
TRCT
47
Tower Research Capital (TRC)
New York
$8K +$8.35K +638 New
Fifth Third Bancorp
48
Fifth Third Bancorp
Ohio
$4K – – –
GI
49
Gradient Investments
Minnesota
$1K +$1.31K +100 New
VKH
50
Virtu KCG Holdings
New York
– -$218K -16,750 Closed
1
2
3

FTF Hedge Fund Activity: Q1 2014 in Review

50 of the 3,463 institutional investors tracked by Wall St. Rank reported a position in Franklin Limited Duration Income Trust (FTF) for Q1 2014, worth a combined $88.1M — up 26% from $70.1M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new FTF positions and 2 closed out — a net gain of 7 holders — while 15 added to existing stakes and 18 trimmed.

The largest buyer was Sit Investment Associates, adding an estimated $8.4M. The largest seller was Guggenheim Capital, cutting an estimated $1.86M.

  • 50 institutional investors held Franklin Limited Duration Income Trust (FTF) as of Q1 2014, up from 43 in Q4 2013.
  • Funds reported $88.1M of Franklin Limited Duration Income Trust stock for Q1 2014, up 26% quarter-over-quarter.
  • 9 funds opened new Franklin Limited Duration Income Trust positions in Q1 2014 and 2 closed out, a net change of +7 holders.
  • The largest Franklin Limited Duration Income Trust buyer in Q1 2014 was Sit Investment Associates, an estimated $8.4M added.
  • The largest Franklin Limited Duration Income Trust seller in Q1 2014 was Guggenheim Capital, an estimated $1.86M sold.

Based on aggregated 13F filings for Q1 2014.