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FTF

Franklin Limited Duration Income Trust
FTF

47 hedge funds and large institutions have $149M invested in Franklin Limited Duration Income Trust in 2016 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 14 increasing their positions, 17 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

17% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 6

1.31% more ownership

Funds ownership: 44.65% → 45.96% (+1.3%)

3% more capital invested

Capital invested by funds: $145M → $149M (+$3.64M)

0% more funds holding

Funds holding: 47 → 47 (0)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

18% less repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 17

Holders
47
Holders Change
–
Holders Change %
0%
% of All Funds
1.18%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
7
Increased
14
Reduced
17
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
LCM
Laurion Capital Management
New York
+$3.74M
2
RVPG
Relative Value Partners Group
+$2M
3
RCM
Rivernorth Capital Management
Florida
+$613K
4
Wells Fargo
Wells Fargo
California
+$477K
5
CCP
Clough Capital Partners
Massachusetts
+$394K

Top Sellers

Rank Fund Capital Flow
1
Kovitz Investment Group Partners
Kovitz Investment Group Partners
Illinois
-$1.17M
2
IA
Icon Advisers
Colorado
-$1.09M
3
NFG
Nations Financial Group
Iowa
-$325K
4
SIA
Sit Investment Associates
Minnesota
-$316K
5
1CP
1607 Capital Partners
Virginia
-$250K
Name Holding Trade Value Shares
Change 		Change in
Stake
DA
26
Doliver Advisors
Texas
$299K +$5.41K +452 +2%
Cambridge Investment Research Advisors
27
Cambridge Investment Research Advisors
Iowa
$266K +$18.2K +1,519 +7%
RJFSA
28
Raymond James Financial Services Advisors
Florida
$248K -$40.6K -3,391 -14%
FAAS
29
First Allied Advisory Services
California
$245K +$16.4K +1,366 +7%
Royal Bank of Canada
30
Royal Bank of Canada
Ontario, Canada
$224K -$151K -12,630 -40%
SIM
31
Strategic Investment Management
Virginia
$204K +$204K +17,000 New
BI
32
Bulldog Investors
New Jersey
$203K +$202K +16,860 New
UBS Group
33
UBS Group
Switzerland
$194K +$49.9K +4,164 +35%
Stifel Financial
34
Stifel Financial
Missouri
$174K +$16.8K +1,405 +11%
OC
35
Oppenheimer & Co
New York
$173K – – –
Fiera Capital (Canada)
36
Fiera Capital (Canada)
Quebec, Canada
$135K +$134K +11,200 New
AG
37
Advisor Group
Arizona
$133K – – –
TFCP
38
Twin Focus Capital Partners
Massachusetts
$132K – – –
HighTower Advisors
39
HighTower Advisors
Illinois
$128K – – –
Bank of Montreal
40
Bank of Montreal
Ontario, Canada
$106K +$108K +9,033 New
Fifth Third Bancorp
41
Fifth Third Bancorp
Ohio
$39K – – –
Creative Planning
42
Creative Planning
Kansas
$31K -$94.6K -7,900 -75%
GWM
43
Geneos Wealth Management
Colorado
$17K +$132 +11 +0.8%
AF
44
Allworth Financial
California
$5K – – –
NFG
45
Next Financial Group
Texas
$4K – – –
WAM
46
Wealthspire Advisors (Maryland)
Maryland
$4K – – –
PNC Financial Services Group
47
PNC Financial Services Group
Pennsylvania
$1K – – –
Kovitz Investment Group Partners
48
Kovitz Investment Group Partners
Illinois
– -$1.17M -96,640 Closed
NFG
49
Nations Financial Group
Iowa
– -$325K -26,849 Closed
AA
50
AQR Arbitrage
Connecticut
– -$195K -16,100 Closed
1
2
3

FTF Hedge Fund Activity: Q4 2016 in Review

47 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Franklin Limited Duration Income Trust (FTF) for Q4 2016, worth a combined $149M — up 2.5% from $145M a quarter earlier.

Buyers outnumbered sellers: 7 funds opened new FTF positions and 6 closed out — a net gain of 1 holder — while 14 added to existing stakes and 17 trimmed.

The largest buyer was Laurion Capital Management, opening a new position worth an estimated $3.74M. The largest seller was Kovitz Investment Group Partners, exiting entirely with an estimated $1.17M sold.

  • 47 institutional investors held Franklin Limited Duration Income Trust (FTF) as of Q4 2016, unchanged from Q3 2016.
  • Funds reported $149M of Franklin Limited Duration Income Trust stock for Q4 2016, up 2.5% quarter-over-quarter.
  • 7 funds opened new Franklin Limited Duration Income Trust positions in Q4 2016 and 6 closed out, a net change of +1 holder.
  • The largest Franklin Limited Duration Income Trust buyer in Q4 2016 was Laurion Capital Management, an estimated $3.74M added.
  • The largest Franklin Limited Duration Income Trust seller in Q4 2016 was Kovitz Investment Group Partners, an estimated $1.17M sold.

Based on aggregated 13F filings for Q4 2016.