Franklin Limited Duration Income Trust
FTF
51 hedge funds and large institutions have $96.5M invested in Franklin Limited Duration Income Trust in 2017 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 15 increasing their positions, 18 reducing their positions, and 8 closing their positions.
63% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 8
9% more funds holding
Funds holding: 47 → 51 (+4)
15.64% less ownership
Funds ownership: 45.96% → 30.31% (-16%)
17% less repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 18
35% less capital invested
Capital invested by funds: $149M → $96.5M (-$52M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
+$4.89M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$1.28M |
| 3 |
Morgan Stanley
New York
|
+$1.15M |
| 4 |
Cohen & Steers
New York
|
+$849K |
| 5 |
Kovitz Investment Group Partners
Chicago,
Illinois
|
+$828K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$28M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$14.4M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$10.5M |
| 4 |
IA
Icon Advisers
Greenwood Village,
Colorado
|
-$6.17M |
| 5 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$2.11M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AF
51
Allworth Financial
Folsom,
California
| $5K | – | – | – |
|
|
PCM
52
Penserra Capital Management
Orinda,
California
| $4K | +$4.51K | +373 | New |
|
|
IA
53
Icon Advisers
Greenwood Village,
Colorado
| – | -$6.17M | -512,733 | Closed |
|
|
CCP
54
Clough Capital Partners
Boston,
Massachusetts
| – | -$396K | -32,900 | Closed |
|
|
SIM
55
Strategic Investment Management
Arlington,
Virginia
| – | -$204K | -17,000 | Closed |
|
|
BI
56
Bulldog Investors
Saddle Brook,
New Jersey
| – | -$203K | -16,860 | Closed |
|
57
Fiera Capital (Canada)
Montreal,
Quebec, Canada
| – | -$135K | -11,200 | Closed |
|
58
HighTower Advisors
Chicago,
Illinois
| – | -$128K | -10,633 | Closed |
|
|
NFG
59
Next Financial Group
Houston,
Texas
| – | -$4K | -300 | Closed |
|
FTF Hedge Fund Activity: Q1 2017 in Review
51 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Franklin Limited Duration Income Trust (FTF) for Q1 2017, worth a combined $96.5M — down 35% from $149M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new FTF positions and 8 closed out — a net gain of 5 holders — while 15 added to existing stakes and 18 trimmed.
The largest buyer was Laurion Capital Management, adding an estimated $4.89M. The largest seller was Saba Capital Management, cutting an estimated $28M.
- 51 institutional investors held Franklin Limited Duration Income Trust (FTF) as of Q1 2017, up from 47 in Q4 2016.
- Funds reported $96.5M of Franklin Limited Duration Income Trust stock for Q1 2017, down 35% quarter-over-quarter.
- 13 funds opened new Franklin Limited Duration Income Trust positions in Q1 2017 and 8 closed out, a net change of +5 holders.
- The largest Franklin Limited Duration Income Trust buyer in Q1 2017 was Laurion Capital Management, an estimated $4.89M added.
- The largest Franklin Limited Duration Income Trust seller in Q1 2017 was Saba Capital Management, an estimated $28M sold.
Based on aggregated 13F filings for Q1 2017.