Franklin Limited Duration Income Trust
FTF
47 hedge funds and large institutions have $149M invested in Franklin Limited Duration Income Trust in 2016 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 14 increasing their positions, 17 reducing their positions, and 6 closing their positions.
17% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 6
1.31% more ownership
Funds ownership: 44.65% → 45.96% (+1.3%)
3% more capital invested
Capital invested by funds: $145M → $149M (+$3.64M)
0% more funds holding
Funds holding: 47 → 47 (0)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
18% less repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 17
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
+$3.74M |
| 2 |
RVPG
Relative Value Partners Group
|
+$2M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$613K |
| 4 |
Wells Fargo
San Francisco,
California
|
+$477K |
| 5 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
+$394K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Kovitz Investment Group Partners
Chicago,
Illinois
|
-$1.17M |
| 2 |
IA
Icon Advisers
Greenwood Village,
Colorado
|
-$1.09M |
| 3 |
NFG
Nations Financial Group
Cedar Rapids,
Iowa
|
-$325K |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$316K |
| 5 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$250K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Citigroup
New York
| – | -$31K | -2,601 | Closed |
|
|
TRCT
52
Tower Research Capital (TRC)
New York
| – | -$2K | -200 | Closed |
|
|
HW
53
Hedeker Wealth
Lincolnshire,
Illinois
| – | -$1.17K | -14 | Closed |
|
|
AIM
54
Acrospire Investment Management
Chicago,
Illinois
| – | +$144 | +12 | New |
|
FTF Hedge Fund Activity: Q4 2016 in Review
47 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Franklin Limited Duration Income Trust (FTF) for Q4 2016, worth a combined $149M — up 2.5% from $145M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new FTF positions and 6 closed out — a net gain of 1 holder — while 14 added to existing stakes and 17 trimmed.
The largest buyer was Laurion Capital Management, opening a new position worth an estimated $3.74M. The largest seller was Kovitz Investment Group Partners, exiting entirely with an estimated $1.17M sold.
- 47 institutional investors held Franklin Limited Duration Income Trust (FTF) as of Q4 2016, unchanged from Q3 2016.
- Funds reported $149M of Franklin Limited Duration Income Trust stock for Q4 2016, up 2.5% quarter-over-quarter.
- 7 funds opened new Franklin Limited Duration Income Trust positions in Q4 2016 and 6 closed out, a net change of +1 holder.
- The largest Franklin Limited Duration Income Trust buyer in Q4 2016 was Laurion Capital Management, an estimated $3.74M added.
- The largest Franklin Limited Duration Income Trust seller in Q4 2016 was Kovitz Investment Group Partners, an estimated $1.17M sold.
Based on aggregated 13F filings for Q4 2016.