Franklin Limited Duration Income Trust
FTF
45 hedge funds and large institutions have $62.7M invested in Franklin Limited Duration Income Trust in 2017 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 15 increasing their positions, 17 reducing their positions, and 9 closing their positions.
1.07% less ownership
Funds ownership: 24.19% → 23.12% (-1.1%)
8% less funds holding
Funds holding: 49 → 45 (-4)
12% less repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 17
18% less capital invested
Capital invested by funds: $76.1M → $62.7M (-$13.4M)
44% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$1.06M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$926K |
| 3 |
First Trust Advisors
Wheaton,
Illinois
|
+$816K |
| 4 |
Invesco
Atlanta,
Georgia
|
+$420K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$396K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RVPG
Relative Value Partners Group
|
-$5.45M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$4.96M |
| 3 |
SCM
Saba Capital Management
New York
|
-$3.35M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$1.35M |
| 5 |
Morgan Stanley
New York
|
-$798K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
SG Americas Securities
New York
| – | -$438K | -37,016 | Closed |
|
|
DA
52
Doliver Advisors
Houston,
Texas
| – | -$406K | -34,334 | Closed |
|
|
TJHA
53
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
| – | -$339K | -28,651 | Closed |
|
54
Millennium Management
New York
| – | -$139K | -11,758 | Closed |
|
55
Creative Planning
Overland Park,
Kansas
| – | -$50K | -4,238 | Closed |
|
|
VWA
56
V Wealth Advisors
Overland Park,
Kansas
| – | -$12K | -1,000 | Closed |
|
FTF Hedge Fund Activity: Q3 2017 in Review
45 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Franklin Limited Duration Income Trust (FTF) for Q3 2017, worth a combined $62.7M — down 18% from $76.1M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of FTF and 5 opened new positions — a net loss of 4 holders — while 17 trimmed existing stakes and 15 added.
The largest buyer was Ladenburg Thalmann Financial Services, adding an estimated $1.06M. The largest seller was Relative Value Partners Group, exiting entirely with an estimated $5.45M sold.
- 45 institutional investors held Franklin Limited Duration Income Trust (FTF) as of Q3 2017, down from 49 in Q2 2017.
- Funds reported $62.7M of Franklin Limited Duration Income Trust stock for Q3 2017, down 18% quarter-over-quarter.
- 5 funds opened new Franklin Limited Duration Income Trust positions in Q3 2017 and 9 closed out, a net change of -4 holders.
- The largest Franklin Limited Duration Income Trust buyer in Q3 2017 was Ladenburg Thalmann Financial Services, an estimated $1.06M added.
- The largest Franklin Limited Duration Income Trust seller in Q3 2017 was Relative Value Partners Group, an estimated $5.45M sold.
Based on aggregated 13F filings for Q3 2017.