Franklin Limited Duration Income Trust
FTF
55 hedge funds and large institutions have $110M invested in Franklin Limited Duration Income Trust in 2015 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 12 increasing their positions, 24 reducing their positions, and 4 closing their positions.
175% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 4
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
15% more funds holding
Funds holding: 48 → 55 (+7)
12% more capital invested
Capital invested by funds: $98.8M → $110M (+$11.7M)
4.69% more ownership
Funds ownership: 33.71% → 38.39% (+4.7%)
50% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 24
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$12.2M |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$1.28M |
| 3 |
Morgan Stanley
New York
|
+$1.11M |
| 4 |
NL
NWAM LLC
Mercer Island,
Washington
|
+$840K |
| 5 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$787K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$2.37M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$804K |
| 3 |
Invesco
Atlanta,
Georgia
|
-$738K |
| 4 |
RVPG
Relative Value Partners Group
|
-$390K |
| 5 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
-$355K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
HCM
51
Highlander Capital Management
Short Hills,
New Jersey
| $9K | – | – | – |
|
52
Fifth Third Bancorp
Cincinnati,
Ohio
| $4K | – | – | – |
|
|
PCM
53
Penserra Capital Management
Orinda,
California
| $4K | +$4.16K | +379 | New |
|
|
AIA
54
Allegis Investment Advisors
Idaho Falls,
Idaho
| $2K | +$1.79K | +163 | New |
|
55
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $1K | -$36.8K | -3,350 | -98% |
|
|
DA
56
Doliver Advisors
Houston,
Texas
| – | -$272K | -24,957 | Closed |
|
|
TSS
57
Two Sigma Securities
New York
| – | -$126K | -11,544 | Closed |
|
|
IT
58
Independence Trust
Franklin,
Tennessee
| – | -$109K | -10,001 | Closed |
|
|
NFG
59
Next Financial Group
Houston,
Texas
| – | -$4K | -420 | Closed |
|
FTF Hedge Fund Activity: Q4 2015 in Review
55 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in Franklin Limited Duration Income Trust (FTF) for Q4 2015, worth a combined $110M — up 12% from $98.8M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new FTF positions and 4 closed out — a net gain of 7 holders — while 12 added to existing stakes and 24 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $12.2M. The largest seller was Sit Investment Associates, cutting an estimated $2.37M.
- 55 institutional investors held Franklin Limited Duration Income Trust (FTF) as of Q4 2015, up from 48 in Q3 2015.
- Funds reported $110M of Franklin Limited Duration Income Trust stock for Q4 2015, up 12% quarter-over-quarter.
- 11 funds opened new Franklin Limited Duration Income Trust positions in Q4 2015 and 4 closed out, a net change of +7 holders.
- The largest Franklin Limited Duration Income Trust buyer in Q4 2015 was Saba Capital Management, an estimated $12.2M added.
- The largest Franklin Limited Duration Income Trust seller in Q4 2015 was Sit Investment Associates, an estimated $2.37M sold.
Based on aggregated 13F filings for Q4 2015.