Franklin Limited Duration Income Trust
FTF
50 hedge funds and large institutions have $126M invested in Franklin Limited Duration Income Trust in 2016 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 15 increasing their positions, 22 reducing their positions, and 10 closing their positions.
14% more capital invested
Capital invested by funds: $110M → $126M (+$15.9M)
3.14% more ownership
Funds ownership: 38.39% → 41.54% (+3.1%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
9% less funds holding
Funds holding: 55 → 50 (-5)
32% less repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 22
50% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$16.8M |
| 2 |
IA
Icon Advisers
Greenwood Village,
Colorado
|
+$1.84M |
| 3 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$1.55M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.05M |
| 5 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$393K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.88M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$1.85M |
| 3 |
Citigroup
New York
|
-$1.66M |
| 4 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$1.57M |
| 5 |
RVPG
Relative Value Partners Group
|
-$1.45M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PCM
51
Penserra Capital Management
Orinda,
California
| $3 | -$1.01K | -94 | -25% |
|
|
52
Citigroup
New York
| – | -$1.66M | -154,591 | Closed |
|
|
KIM
53
Karpus Investment Management
Pittsford,
New York
| – | -$1.57M | -146,500 | Closed |
|
|
WAM
54
Wolverine Asset Management
Chicago,
Illinois
| – | -$882K | -82,325 | Closed |
|
|
CRC
55
Curi RMB Capital
Chicago,
Illinois
| – | -$769K | -71,721 | Closed |
|
56
SG Americas Securities
New York
| – | -$344K | -32,098 | Closed |
|
|
WAM
57
Weiss Asset Management
Boston,
Massachusetts
| – | -$194K | -18,115 | Closed |
|
58
Baird Financial Group
Milwaukee,
Wisconsin
| – | -$156K | -14,552 | Closed |
|
|
MC
59
Matisse Capital
Portland,
Oregon
| – | -$114K | -10,600 | Closed |
|
|
HCM
60
Highlander Capital Management
Short Hills,
New Jersey
| – | -$9K | -800 | Closed |
|
|
AIA
61
Allegis Investment Advisors
Idaho Falls,
Idaho
| – | -$2K | -163 | Closed |
|
FTF Hedge Fund Activity: Q1 2016 in Review
50 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Franklin Limited Duration Income Trust (FTF) for Q1 2016, worth a combined $126M — up 14% from $110M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of FTF and 5 opened new positions — a net loss of 5 holders — while 22 trimmed existing stakes and 15 added.
The largest buyer was Saba Capital Management, adding an estimated $16.8M. The largest seller was Advisors Asset Management, cutting an estimated $1.88M.
- 50 institutional investors held Franklin Limited Duration Income Trust (FTF) as of Q1 2016, down from 55 in Q4 2015.
- Funds reported $126M of Franklin Limited Duration Income Trust stock for Q1 2016, up 14% quarter-over-quarter.
- 5 funds opened new Franklin Limited Duration Income Trust positions in Q1 2016 and 10 closed out, a net change of -5 holders.
- The largest Franklin Limited Duration Income Trust buyer in Q1 2016 was Saba Capital Management, an estimated $16.8M added.
- The largest Franklin Limited Duration Income Trust seller in Q1 2016 was Advisors Asset Management, an estimated $1.88M sold.
Based on aggregated 13F filings for Q1 2016.