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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$8.4M |
| 2 |
SCM
Saba Capital Management
New York
|
+$8.25M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.28M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$877K |
| 5 |
NL
NWAM LLC
Mercer Island,
Washington
|
+$715K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.86M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$614K |
| 3 |
LPL Financial
San Diego,
California
|
-$586K |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$243K |
| 5 |
VKH
Virtu KCG Holdings
New York
|
-$218K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
AQR Capital Management
Greenwich,
Connecticut
| – | -$168K | -12,913 | Closed |
|
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.