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FTF

Franklin Limited Duration Income Trust
FTF

55 hedge funds and large institutions have $110M invested in Franklin Limited Duration Income Trust in 2015 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 12 increasing their positions, 24 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

175% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 4

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

15% more funds holding

Funds holding: 48 → 55 (+7)

12% more capital invested

Capital invested by funds: $98.8M → $110M (+$11.7M)

4.69% more ownership

Funds ownership: 33.71% → 38.39% (+4.7%)

50% less repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 24

Holders
55
Holders Change
+7
Holders Change %
+14.58%
% of All Funds
1.44%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.05%
New
11
Increased
12
Reduced
24
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$12.2M
2
1CP
1607 Capital Partners
Virginia
+$1.28M
3
Morgan Stanley
Morgan Stanley
New York
+$1.11M
4
NL
NWAM LLC
Washington
+$840K
5
CRC
Curi RMB Capital
Illinois
+$787K

Top Sellers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
-$2.37M
2
AAM
Advisors Asset Management
Colorado
-$804K
3
Invesco
Invesco
Georgia
-$738K
4
RVPG
Relative Value Partners Group
-$390K
5
FIMG
Financial & Investment Management Group
Michigan
-$355K
Name Holding Trade Value Shares
Change 		Change in
Stake
Commonwealth Equity Services
26
Commonwealth Equity Services
Massachusetts
$440K -$18K -1,637 -4%
DADC
27
D.A. Davidson & Co
Montana
$398K -$108K -9,824 -21%
CIA
28
Capital Investment Advisors
Georgia
$395K -$11.8K -1,075 -3%
SG Americas Securities
29
SG Americas Securities
New York
$344K +$352K +32,098 New
IA
30
IFP Advisors
Florida
$307K +$314K +28,635 New
Royal Bank of Canada
31
Royal Bank of Canada
Ontario, Canada
$288K +$41K +3,737 +16%
RJFSA
32
Raymond James Financial Services Advisors
Florida
$279K -$216K -19,695 -43%
NFG
33
Nations Financial Group
Iowa
$263K +$270K +24,574 New
UBS Group
34
UBS Group
Switzerland
$239K +$4.08K +372 +2%
FAAS
35
First Allied Advisory Services
California
$195K -$13.5K -1,230 -6%
Wells Fargo
36
Wells Fargo
California
$194K -$150K -13,665 -43%
Cambridge Investment Research Advisors
37
Cambridge Investment Research Advisors
Iowa
$194K -$10.1K -918 -5%
WAM
38
Weiss Asset Management
Massachusetts
$194K +$199K +18,115 New
ICAS
39
Investors Capital Advisory Services
Massachusetts
$170K -$58.3K -5,311 -25%
MFS
40
MSI Financial Services
Massachusetts
$169K +$173K +15,725 New
Baird Financial Group
41
Baird Financial Group
Wisconsin
$156K +$769 +70 +0.5%
OC
42
Oppenheimer & Co
New York
$154K -$11K -1,000 -6%
Stifel Financial
43
Stifel Financial
Missouri
$145K – – –
AIG
44
American International Group
New York
$138K – – –
GC
45
Guggenheim Capital
Illinois
$123K +$11.2K +1,018 +10%
MC
46
Matisse Capital
Oregon
$114K +$116K +10,600 New
HighTower Advisors
47
HighTower Advisors
Illinois
$107K – – –
Creative Planning
48
Creative Planning
Kansas
$48K – – –
BA
49
BlackRock Advisors
Delaware
$27K -$37.6K -3,428 -57%
DAM
50
Delta Asset Management
Tennessee
$10K – – –
1
2
3

FTF Hedge Fund Activity: Q4 2015 in Review

55 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in Franklin Limited Duration Income Trust (FTF) for Q4 2015, worth a combined $110M — up 12% from $98.8M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new FTF positions and 4 closed out — a net gain of 7 holders — while 12 added to existing stakes and 24 trimmed.

The largest buyer was Saba Capital Management, adding an estimated $12.2M. The largest seller was Sit Investment Associates, cutting an estimated $2.37M.

  • 55 institutional investors held Franklin Limited Duration Income Trust (FTF) as of Q4 2015, up from 48 in Q3 2015.
  • Funds reported $110M of Franklin Limited Duration Income Trust stock for Q4 2015, up 12% quarter-over-quarter.
  • 11 funds opened new Franklin Limited Duration Income Trust positions in Q4 2015 and 4 closed out, a net change of +7 holders.
  • The largest Franklin Limited Duration Income Trust buyer in Q4 2015 was Saba Capital Management, an estimated $12.2M added.
  • The largest Franklin Limited Duration Income Trust seller in Q4 2015 was Sit Investment Associates, an estimated $2.37M sold.

Based on aggregated 13F filings for Q4 2015.