Franklin Limited Duration Income Trust
FTF
49 hedge funds and large institutions have $76.1M invested in Franklin Limited Duration Income Trust in 2017 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 21 increasing their positions, 17 reducing their positions, and 6 closing their positions.
24% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 17
4% less funds holding
Funds holding: 51 → 49 (-2)
6.12% less ownership
Funds ownership: 30.31% → 24.19% (-6.1%)
21% less capital invested
Capital invested by funds: $96.5M → $76.1M (-$20.4M)
33% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$3.05M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$1.44M |
| 3 |
AG
Advisor Group
Phoenix,
Arizona
|
+$1.39M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.38M |
| 5 |
Cohen & Steers
New York
|
+$1.15M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$17.1M |
| 2 |
LCM
Laurion Capital Management
New York
|
-$8.59M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$3.59M |
| 4 |
RVPG
Relative Value Partners Group
|
-$892K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$349K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $1K | -$24.5K | -2,044 | -96% |
|
|
LCM
52
Laurion Capital Management
New York
| – | -$8.59M | -717,310 | Closed |
|
|
RCM
53
Rivernorth Capital Management
West Palm Beach,
Florida
| – | -$3.59M | -299,828 | Closed |
|
54
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$290K | -24,213 | Closed |
|
|
CRC
55
Curi RMB Capital
Chicago,
Illinois
| – | -$126K | -10,508 | Closed |
|
|
OC
56
Oppenheimer & Co
New York
| – | -$121K | -10,150 | Closed |
|
|
WAM
57
Wealthspire Advisors (Maryland)
Potomac,
Maryland
| – | -$6K | -505 | Closed |
|
FTF Hedge Fund Activity: Q2 2017 in Review
49 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Franklin Limited Duration Income Trust (FTF) for Q2 2017, worth a combined $76.1M — down 21% from $96.5M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of FTF and 4 opened new positions — a net loss of 2 holders — while 17 trimmed existing stakes and 21 added.
The largest buyer was Sit Investment Associates, adding an estimated $3.05M. The largest seller was Saba Capital Management, cutting an estimated $17.1M.
- 49 institutional investors held Franklin Limited Duration Income Trust (FTF) as of Q2 2017, down from 51 in Q1 2017.
- Funds reported $76.1M of Franklin Limited Duration Income Trust stock for Q2 2017, down 21% quarter-over-quarter.
- 4 funds opened new Franklin Limited Duration Income Trust positions in Q2 2017 and 6 closed out, a net change of -2 holders.
- The largest Franklin Limited Duration Income Trust buyer in Q2 2017 was Sit Investment Associates, an estimated $3.05M added.
- The largest Franklin Limited Duration Income Trust seller in Q2 2017 was Saba Capital Management, an estimated $17.1M sold.
Based on aggregated 13F filings for Q2 2017.