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PPT

Franklin Premier Income Trust
PPT

69 hedge funds and large institutions have $114M invested in Franklin Premier Income Trust in 2013 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 20 increasing their positions, 23 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

9% more capital invested

Capital invested by funds: $105M → $114M (+$9.48M)

1.63% more ownership

Funds ownership: 13.66% → 15.29% (+1.6%)

3% less funds holding

Funds holding: 71 → 69 (-2)

13% less repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 23

22% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 9

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
69
Holders Change
-2
Holders Change %
-2.82%
% of All Funds
2.24%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
7
Increased
20
Reduced
23
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RVP
Relative Value Partners
Illinois
+$7.17M
2
1CP
1607 Capital Partners
Virginia
+$5.65M
3
SIA
Sit Investment Associates
Minnesota
+$5.65M
4
SCM
Saba Capital Management
New York
+$2.18M
5
RCM
Rivernorth Capital Management
Florida
+$761K

Top Sellers

Rank Fund Capital Flow
1
NCM
Newgate Capital Management
Connecticut
-$6.8M
2
Invesco
Invesco
Georgia
-$1.46M
3
GC
Guggenheim Capital
Illinois
-$958K
4
WAM
Wolverine Asset Management
Illinois
-$957K
5
CA
Cornerstone Advisors
North Carolina
-$938K
Name Holding Trade Value Shares
Change 		Change in
Stake
IAS
26
IMA Advisory Services
Colorado
$418K – – –
DA
27
Doliver Advisors
Texas
$375K -$429K -81,292 -53%
VKH
28
Virtu KCG Holdings
New York
$365K +$366K +69,456 New
MFS
29
MSI Financial Services
Massachusetts
$278K +$16.9K +3,210 +6%
Royal Bank of Canada
30
Royal Bank of Canada
Ontario, Canada
$274K -$313K -59,402 -53%
Nomura Holdings
31
Nomura Holdings
Japan
$228K +$229K +43,331 New
WA
32
WFG Advisors
Texas
$194K +$21.9K +4,147 +13%
Cambridge Investment Research Advisors
33
Cambridge Investment Research Advisors
Iowa
$177K +$3.15K +598 +2%
IT
34
Independence Trust
Tennessee
$164K – – –
CS
35
Credit Suisse
Switzerland
$158K +$26.8K +5,075 +20%
RJT
36
Raymond James Trust
Florida
$145K – – –
SHWM
37
Smith & Howard Wealth Management
Georgia
$145K – – –
GHAM
38
Gilman Hill Asset Management
Connecticut
$145K +$26.4K +5,000 +22%
US Bancorp
39
US Bancorp
Minnesota
$139K -$1.79K -340 -1%
AIG
40
American International Group
New York
$132K -$2.59K -491 -2%
WJA
41
Williams Jones & Associates
New York
$127K – – –
Commonwealth Equity Services
42
Commonwealth Equity Services
Massachusetts
$105K -$23.9K -4,522 -18%
HK
43
Horizon Kinetics
New York
$94K -$9.23K -1,750 -9%
Bank of New York Mellon
44
Bank of New York Mellon
New York
$90K -$27K -5,114 -23%
CAN
45
Cetera Advisor Networks
California
$88K +$89.1K +16,894 New
B
46
Baird
Wisconsin
$87K – – –
ACP
47
Aviance Capital Partners
Florida
$84K – – –
Ameriprise
48
Ameriprise
Minnesota
$84K +$43.3K +8,203 +105%
Citadel Advisors
49
Citadel Advisors
Florida
$78K +$6.08K +1,153 +8%
Deutsche Bank
50
Deutsche Bank
Germany
$75K +$76K +14,400 New
1
2
3 4

PPT Hedge Fund Activity: Q3 2013 in Review

69 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Franklin Premier Income Trust (PPT) for Q3 2013, worth a combined $114M — up 9.1% from $105M a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of PPT and 7 opened new positions — a net loss of 2 holders — while 23 trimmed existing stakes and 20 added.

The largest buyer was Relative Value Partners, adding an estimated $7.17M. The largest seller was Newgate Capital Management, cutting an estimated $6.8M.

  • 69 institutional investors held Franklin Premier Income Trust (PPT) as of Q3 2013, down from 71 in Q2 2013.
  • Funds reported $114M of Franklin Premier Income Trust stock for Q3 2013, up 9.1% quarter-over-quarter.
  • 7 funds opened new Franklin Premier Income Trust positions in Q3 2013 and 9 closed out, a net change of -2 holders.
  • The largest Franklin Premier Income Trust buyer in Q3 2013 was Relative Value Partners, an estimated $7.17M added.
  • The largest Franklin Premier Income Trust seller in Q3 2013 was Newgate Capital Management, an estimated $6.8M sold.

Based on aggregated 13F filings for Q3 2013.