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FTF

Franklin Limited Duration Income Trust

43 hedge funds and large institutions have $70.1M invested in Franklin Limited Duration Income Trust in 2013 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 21 increasing their positions, 11 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

133% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 3

91% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 11

21% more capital invested

Capital invested by funds: $58.1M → $70.1M (+$12M)

8% more funds holding

Funds holding: 4043 (+3)

3.55% more ownership

Funds ownership: 16.6%20.16% (+3.6%)

Holders
43
Holders Change
+3
Holders Change %
+7.5%
% of All Funds
1.25%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
7
Increased
21
Reduced
11
Closed
3
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
GC
1
Guggenheim Capital
Illinois
$11.6M -$2.32M -179,264 -17%
AAM
2
Advisors Asset Management
Colorado
$10.3M +$636K +49,185 +7%
SIA
3
Sit Investment Associates
Minnesota
$9.96M +$5.11M +395,128 +106%
Invesco
4
Invesco
Georgia
$9.57M +$289K +22,317 +3%
SCM
5
Saba Capital Management
New York
$5.12M +$5.1M +394,414 New
RCM
6
Rivernorth Capital Management
Florida
$4.45M +$2.73M +211,137 +161%
WAM
7
Wolverine Asset Management
Illinois
$1.98M +$501K +38,737 +34%
Cohen & Steers
8
Cohen & Steers
New York
$1.49M +$25.9K +2,003 +2%
Bank of America
9
Bank of America
North Carolina
$1.49M +$171K +13,191 +13%
LPL Financial
10
LPL Financial
California
$1.37M +$120K +9,245 +10%
Commonwealth Equity Services
11
Commonwealth Equity Services
Massachusetts
$1.3M -$4.71K -364 -0.4%
Morgan Stanley
12
Morgan Stanley
New York
$1.24M -$344K -26,616 -22%
RJA
13
Raymond James & Associates
Florida
$1.21M -$476K -36,775 -28%
RJFSA
14
Raymond James Financial Services Advisors
Florida
$977K -$68.6K -5,300 -7%
Barclays
15
Barclays
United Kingdom
$853K +$126K +9,734 +16%
GWM
16
Greenwich Wealth Management
Connecticut
$846K +$122K +9,447 +17%
DADC
17
D.A. Davidson & Co
Montana
$728K +$60.7K +4,694 +9%
CIA
18
Capital Investment Advisors
Georgia
$559K +$557K +43,029 New
KFS
19
KMS Financial Services
Washington
$516K +$57.5K +4,443 +13%
CWM
20
Cabot Wealth Management
Massachusetts
$386K +$10.5K +812 +3%
AIG
21
American International Group
New York
$372K +$90.1K +6,963 +32%
Wells Fargo
22
Wells Fargo
California
$364K +$194K +14,976 +115%
FAAS
23
First Allied Advisory Services
California
$350K +$74.6K +5,768 +27%
HK
24
Horizon Kinetics
New York
$292K
Cambridge Investment Research Advisors
25
Cambridge Investment Research Advisors
Iowa
$260K +$47.8K +3,695 +23%

FTF Hedge Fund Activity: Q4 2013 in Review

43 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Franklin Limited Duration Income Trust (FTF) for Q4 2013, worth a combined $70.1M — up 21% from $58.1M a quarter earlier.

Buyers outnumbered sellers: 7 funds opened new FTF positions and 3 closed out — a net gain of 4 holders — while 21 added to existing stakes and 11 trimmed.

The largest buyer was Sit Investment Associates, adding an estimated $5.11M. The largest seller was Guggenheim Capital, cutting an estimated $2.32M.

  • 43 institutional investors held Franklin Limited Duration Income Trust (FTF) as of Q4 2013, up from 40 in Q3 2013.
  • Funds reported $70.1M of Franklin Limited Duration Income Trust stock for Q4 2013, up 21% quarter-over-quarter.
  • 7 funds opened new Franklin Limited Duration Income Trust positions in Q4 2013 and 3 closed out, a net change of +4 holders.
  • The largest Franklin Limited Duration Income Trust buyer in Q4 2013 was Sit Investment Associates, an estimated $5.11M added.
  • The largest Franklin Limited Duration Income Trust seller in Q4 2013 was Guggenheim Capital, an estimated $2.32M sold.

Based on aggregated 13F filings for Q4 2013.