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PPT

Franklin Premier Income Trust
PPT

81 hedge funds and large institutions have $142M invested in Franklin Premier Income Trust in 2013 Q4 according to their latest regulatory filings, with 22 funds opening new positions, 19 increasing their positions, 26 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

120% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 10

24% more capital invested

Capital invested by funds: $114M → $142M (+$27.8M)

17% more funds holding

Funds holding: 69 → 81 (+12)

4.35% more ownership

Funds ownership: 15.29% → 19.64% (+4.3%)

27% less repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 26

Holders
81
Holders Change
+12
Holders Change %
+17.39%
% of All Funds
2.35%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
22
Increased
19
Reduced
26
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$13.5M
2
1CP
1607 Capital Partners
Virginia
+$7.89M
3
SIA
Sit Investment Associates
Minnesota
+$5.25M
4
RVP
Relative Value Partners
Illinois
+$2.73M
5
RCM
Rivernorth Capital Management
Florida
+$2.04M

Top Sellers

Rank Fund Capital Flow
1
NCM
Newgate Capital Management
Connecticut
-$8.33M
2
Morgan Stanley
Morgan Stanley
New York
-$1.23M
3
GC
Guggenheim Capital
Illinois
-$1.21M
4
Invesco
Invesco
Georgia
-$1.13M
5
CA
Cornerstone Advisors
North Carolina
-$890K
Name Holding Trade Value Shares
Change 		Change in
Stake
SRC
26
Shufro Rose & Co
New York
$606K +$18.8K +3,500 +3%
CIA
27
Capital Investment Advisors
Georgia
$495K +$490K +91,012 New
PVWM
28
Point View Wealth Management
New Jersey
$456K +$450K +83,736 New
IAS
29
IMA Advisory Services
Colorado
$432K – – –
TC
30
TFS Capital
Pennsylvania
$335K +$332K +61,636 New
LCM
31
Landscape Capital Management
New Jersey
$328K +$325K +60,368 New
VKH
32
Virtu KCG Holdings
New York
$243K -$133K -24,770 -36%
IT
33
Independence Trust
Tennessee
$242K +$71.5K +13,284 +43%
GHAM
34
Gilman Hill Asset Management
Connecticut
$218K +$67.2K +12,500 +45%
MFS
35
MSI Financial Services
Massachusetts
$206K -$80.8K -15,025 -28%
Royal Bank of Canada
36
Royal Bank of Canada
Ontario, Canada
$184K -$98.5K -18,311 -35%
WA
37
WFG Advisors
Texas
$181K -$19.4K -3,612 -10%
US Bancorp
38
US Bancorp
Minnesota
$155K +$10.8K +2,000 +8%
Cambridge Investment Research Advisors
39
Cambridge Investment Research Advisors
Iowa
$138K -$44.3K -8,238 -24%
CS
40
Credit Suisse
Switzerland
$136K -$27.3K -5,075 -17%
PIA
41
Peachtree Investment Advisors
Georgia
$136K +$134K +25,000 New
RJT
42
Raymond James Trust
Florida
$131K -$18.8K -3,500 -13%
TRCT
43
Tower Research Capital (TRC)
New York
$121K +$117K +21,699 +4,727%
HCM
44
Hollencrest Capital Management
California
$115K +$114K +21,149 New
CA
45
Cornerstone Advisors
North Carolina
$113K -$890K -165,492 -89%
CAM
46
Columbia Asset Management
Michigan
$109K +$108K +20,000 New
Commonwealth Equity Services
47
Commonwealth Equity Services
Massachusetts
$96K -$13.2K -2,455 -12%
HK
48
Horizon Kinetics
New York
$93K -$4.57K -850 -5%
Bank of New York Mellon
49
Bank of New York Mellon
New York
$91K -$2.03K -377 -2%
1SB
50
1ST Source Bank
Indiana
$88K +$87.3K +16,221 New
1
2
3 4

PPT Hedge Fund Activity: Q4 2013 in Review

81 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Franklin Premier Income Trust (PPT) for Q4 2013, worth a combined $142M — up 24% from $114M a quarter earlier.

Buyers outnumbered sellers: 22 funds opened new PPT positions and 10 closed out — a net gain of 12 holders — while 19 added to existing stakes and 26 trimmed.

The largest buyer was Saba Capital Management, adding an estimated $13.5M. The largest seller was Newgate Capital Management, exiting entirely with an estimated $8.33M sold.

  • 81 institutional investors held Franklin Premier Income Trust (PPT) as of Q4 2013, up from 69 in Q3 2013.
  • Funds reported $142M of Franklin Premier Income Trust stock for Q4 2013, up 24% quarter-over-quarter.
  • 22 funds opened new Franklin Premier Income Trust positions in Q4 2013 and 10 closed out, a net change of +12 holders.
  • The largest Franklin Premier Income Trust buyer in Q4 2013 was Saba Capital Management, an estimated $13.5M added.
  • The largest Franklin Premier Income Trust seller in Q4 2013 was Newgate Capital Management, an estimated $8.33M sold.

Based on aggregated 13F filings for Q4 2013.