Franklin Limited Duration Income Trust
FTF
47 hedge funds and large institutions have $145M invested in Franklin Limited Duration Income Trust in 2016 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 20 increasing their positions, 12 reducing their positions, and 7 closing their positions.
67% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 12
8% more capital invested
Capital invested by funds: $134M → $145M (+$10.4M)
1.45% more ownership
Funds ownership: 43.2% → 44.65% (+1.5%)
0% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 7
2% less funds holding
Funds holding: 48 → 47 (-1)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$3.99M |
| 2 |
RVPG
Relative Value Partners Group
|
+$2.61M |
| 3 |
IA
Icon Advisers
Greenwood Village,
Colorado
|
+$1.31M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.14M |
| 5 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$705K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Koshinski Asset Management
Decatur,
Illinois
|
-$2.81M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$1.05M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$619K |
| 4 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$320K |
| 5 |
State of New Jersey Common Pension Fund D
Trenton,
New Jersey
|
-$290K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
51
State of New Jersey Common Pension Fund D
Trenton,
New Jersey
| – | -$290K | -25,000 | Closed |
|
|
CWM
52
Concert Wealth Management
San Jose,
California
| – | -$251K | -21,633 | Closed |
|
|
LCM
53
Landscape Capital Management
Englewood,
New Jersey
| – | -$137K | -11,787 | Closed |
|
|
PCM
54
Penserra Capital Management
Orinda,
California
| – | -$3K | -285 | Closed |
|
|
ASN
55
Advisory Services Network
Atlanta,
Georgia
| – | -$3K | -250 | Closed |
|
FTF Hedge Fund Activity: Q3 2016 in Review
47 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Franklin Limited Duration Income Trust (FTF) for Q3 2016, worth a combined $145M — up 7.7% from $134M a quarter earlier.
Fund positioning in FTF was balanced in Q3 2016: 7 funds opened new positions, 7 closed out, 20 added to existing stakes and 12 trimmed.
The largest buyer was Wells Fargo, adding an estimated $3.99M. The largest seller was Koshinski Asset Management, exiting entirely with an estimated $2.81M sold.
- 47 institutional investors held Franklin Limited Duration Income Trust (FTF) as of Q3 2016, down from 48 in Q2 2016.
- Funds reported $145M of Franklin Limited Duration Income Trust stock for Q3 2016, up 7.7% quarter-over-quarter.
- 7 funds opened new Franklin Limited Duration Income Trust positions in Q3 2016 and 7 closed out, a net change of 0 holders.
- The largest Franklin Limited Duration Income Trust buyer in Q3 2016 was Wells Fargo, an estimated $3.99M added.
- The largest Franklin Limited Duration Income Trust seller in Q3 2016 was Koshinski Asset Management, an estimated $2.81M sold.
Based on aggregated 13F filings for Q3 2016.