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FTF

Franklin Limited Duration Income Trust
FTF

49 hedge funds and large institutions have $76.1M invested in Franklin Limited Duration Income Trust in 2017 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 21 increasing their positions, 17 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

24% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 17

4% less funds holding

Funds holding: 51 → 49 (-2)

6.12% less ownership

Funds ownership: 30.31% → 24.19% (-6.1%)

21% less capital invested

Capital invested by funds: $96.5M → $76.1M (-$20.4M)

33% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 6

Holders
49
Holders Change
-2
Holders Change %
-3.92%
% of All Funds
1.22%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
4
Increased
21
Reduced
17
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
+$3.05M
2
Invesco
Invesco
Georgia
+$1.44M
3
AG
Advisor Group
Arizona
+$1.39M
4
GC
Guggenheim Capital
Illinois
+$1.38M
5
Cohen & Steers
Cohen & Steers
New York
+$1.15M

Top Sellers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
-$17.1M
2
LCM
Laurion Capital Management
New York
-$8.59M
3
RCM
Rivernorth Capital Management
Florida
-$3.59M
4
RVPG
Relative Value Partners Group
-$892K
5
Wells Fargo
Wells Fargo
California
-$349K
Name Holding Trade Value Shares
Change 		Change in
Stake
DADC
26
D.A. Davidson & Co
Montana
$396K -$3.59K -300 -0.9%
SFS
27
Sowell Financial Services
Arkansas
$392K +$104K +8,712 +36%
GWM
28
Greenwich Wealth Management
Connecticut
$370K -$1.89K -158 -0.5%
CIA
29
Capital Investment Advisors
Georgia
$351K +$35.9K +3,000 +11%
TJHA
30
Thomas J. Herzfeld Advisors
Florida
$339K – – –
IA
31
IFP Advisors
Florida
$287K -$5.98K -500 -2%
LPL Financial
32
LPL Financial
California
$276K -$210K -17,507 -43%
UBS Group
33
UBS Group
Switzerland
$256K -$66.4K -5,549 -20%
FAAS
34
First Allied Advisory Services
California
$214K +$25.9K +2,167 +14%
Cambridge Investment Research Advisors
35
Cambridge Investment Research Advisors
Iowa
$212K -$22.8K -1,905 -10%
Royal Bank of Canada
36
Royal Bank of Canada
Ontario, Canada
$203K – – –
Millennium Management
37
Millennium Management
New York
$139K -$47.3K -3,952 -25%
Stifel Financial
38
Stifel Financial
Missouri
$133K -$17.4K -1,455 -11%
TFCP
39
Twin Focus Capital Partners
Massachusetts
$130K – – –
Creative Planning
40
Creative Planning
Kansas
$50K +$19.7K +1,647 +64%
Bank of Montreal
41
Bank of Montreal
Ontario, Canada
$45K -$53.5K -4,473 -54%
Fifth Third Bancorp
42
Fifth Third Bancorp
Ohio
$38K – – –
PFSC
43
Peoples Financial Services Corp
Pennsylvania
$35K – – –
GWM
44
Geneos Wealth Management
Colorado
$17K +$227 +19 +1%
NFG
45
Next Financial Group
Texas
$12K +$12K +1,000 New
VWA
46
V Wealth Advisors
Kansas
$12K +$12K +1,000 New
Carson Wealth (CWM LLC)
47
Carson Wealth (CWM LLC)
Nebraska
$8K -$3.38K -282 -30%
AF
48
Allworth Financial
California
$5K – – –
PCM
49
Penserra Capital Management
California
$4K +$443 +37 +10%
SFSIG
50
San Francisco Sentry Investment Group
California
$2K – – –
1
2
3

FTF Hedge Fund Activity: Q2 2017 in Review

49 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Franklin Limited Duration Income Trust (FTF) for Q2 2017, worth a combined $76.1M — down 21% from $96.5M a quarter earlier.

Sellers outnumbered buyers: 6 funds closed out of FTF and 4 opened new positions — a net loss of 2 holders — while 17 trimmed existing stakes and 21 added.

The largest buyer was Sit Investment Associates, adding an estimated $3.05M. The largest seller was Saba Capital Management, cutting an estimated $17.1M.

  • 49 institutional investors held Franklin Limited Duration Income Trust (FTF) as of Q2 2017, down from 51 in Q1 2017.
  • Funds reported $76.1M of Franklin Limited Duration Income Trust stock for Q2 2017, down 21% quarter-over-quarter.
  • 4 funds opened new Franklin Limited Duration Income Trust positions in Q2 2017 and 6 closed out, a net change of -2 holders.
  • The largest Franklin Limited Duration Income Trust buyer in Q2 2017 was Sit Investment Associates, an estimated $3.05M added.
  • The largest Franklin Limited Duration Income Trust seller in Q2 2017 was Saba Capital Management, an estimated $17.1M sold.

Based on aggregated 13F filings for Q2 2017.