Franklin Limited Duration Income Trust
FTF
53 hedge funds and large institutions have $107M invested in Franklin Limited Duration Income Trust in 2014 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 14 increasing their positions, 21 reducing their positions, and 6 closing their positions.
83% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 6
12% more capital invested
Capital invested by funds: $95.4M → $107M (+$11.1M)
6% more funds holding
Funds holding: 50 → 53 (+3)
3.78% more ownership
Funds ownership: 28.71% → 32.49% (+3.8%)
33% less repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 21
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$9.35M |
| 2 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
+$2.64M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$1.94M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$787K |
| 5 |
Citigroup
New York
|
+$744K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$1.98M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.98M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.73M |
| 4 |
EML
Eos Management LP
New York
|
-$983K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$579K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
HCM
51
Highlander Capital Management
Short Hills,
New Jersey
| $10K | – | – | – |
|
|
FMII
52
Farmers & Merchants Investments Inc
Lincoln,
Nebraska
| $7K | – | – | – |
|
|
TRCT
53
Tower Research Capital (TRC)
New York
| $4K | -$257 | -21 | -6% |
|
54
Fifth Third Bancorp
Cincinnati,
Ohio
| $4K | – | – | – |
|
|
EML
55
Eos Management LP
New York
| – | -$983K | -79,372 | Closed |
|
|
TC
56
TFS Capital
West Chester,
Pennsylvania
| – | -$440K | -35,529 | Closed |
|
|
HK
57
Horizon Kinetics
New York
| – | -$152K | -12,261 | Closed |
|
|
CS
58
Credit Suisse
Zurich,
Switzerland
| – | -$128K | -10,323 | Closed |
|
59
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$5K | -375 | Closed |
|
60
Barclays
London,
United Kingdom
| – | -$3K | -247 | Closed |
|
FTF Hedge Fund Activity: Q4 2014 in Review
53 of the 3,750 institutional investors tracked by Wall St. Rank reported a position in Franklin Limited Duration Income Trust (FTF) for Q4 2014, worth a combined $107M — up 12% from $95.4M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new FTF positions and 6 closed out — a net gain of 5 holders — while 14 added to existing stakes and 21 trimmed.
The largest buyer was Sit Investment Associates, adding an estimated $9.35M. The largest seller was Saba Capital Management, cutting an estimated $1.98M.
- 53 institutional investors held Franklin Limited Duration Income Trust (FTF) as of Q4 2014, up from 50 in Q3 2014.
- Funds reported $107M of Franklin Limited Duration Income Trust stock for Q4 2014, up 12% quarter-over-quarter.
- 11 funds opened new Franklin Limited Duration Income Trust positions in Q4 2014 and 6 closed out, a net change of +5 holders.
- The largest Franklin Limited Duration Income Trust buyer in Q4 2014 was Sit Investment Associates, an estimated $9.35M added.
- The largest Franklin Limited Duration Income Trust seller in Q4 2014 was Saba Capital Management, an estimated $1.98M sold.
Based on aggregated 13F filings for Q4 2014.