Franklin Limited Duration Income Trust
FTF
48 hedge funds and large institutions have $98.8M invested in Franklin Limited Duration Income Trust in 2015 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 14 increasing their positions, 21 reducing their positions, and 5 closing their positions.
1.66% more ownership
Funds ownership: 32.05% → 33.71% (+1.7%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
1% less capital invested
Capital invested by funds: $100M → $98.8M (-$1.41M)
4% less funds holding
Funds holding: 50 → 48 (-2)
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
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
|
+$5.74M |
| 2 |
SCM
Saba Capital Management
New York
|
+$1.96M |
| 3 |
RVPG
Relative Value Partners Group
|
+$1.45M |
| 4 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$959K |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$521K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$2.08M |
| 2 |
NL
NWAM LLC
Mercer Island,
Washington
|
-$871K |
| 3 |
Morgan Stanley
New York
|
-$820K |
| 4 |
Invesco
Atlanta,
Georgia
|
-$725K |
| 5 |
ICM
Ionic Capital Management
New York
|
-$379K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PAM
51
Panagora Asset Management
Boston,
Massachusetts
| – | -$249K | -21,344 | Closed |
|
52
Goldman Sachs
New York
| – | -$157K | -13,516 | Closed |
|
|
TRCT
53
Tower Research Capital (TRC)
New York
| – | -$1K | -52 | Closed |
|
FTF Hedge Fund Activity: Q3 2015 in Review
48 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Franklin Limited Duration Income Trust (FTF) for Q3 2015, worth a combined $98.8M — down 1.4% from $100M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of FTF and 4 opened new positions — a net loss of 1 holder — while 21 trimmed existing stakes and 14 added.
The largest buyer was Sit Investment Associates, adding an estimated $5.74M. The largest seller was Advisors Asset Management, cutting an estimated $2.08M.
- 48 institutional investors held Franklin Limited Duration Income Trust (FTF) as of Q3 2015, down from 50 in Q2 2015.
- Funds reported $98.8M of Franklin Limited Duration Income Trust stock for Q3 2015, down 1.4% quarter-over-quarter.
- 4 funds opened new Franklin Limited Duration Income Trust positions in Q3 2015 and 5 closed out, a net change of -1 holder.
- The largest Franklin Limited Duration Income Trust buyer in Q3 2015 was Sit Investment Associates, an estimated $5.74M added.
- The largest Franklin Limited Duration Income Trust seller in Q3 2015 was Advisors Asset Management, an estimated $2.08M sold.
Based on aggregated 13F filings for Q3 2015.