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PPT

Franklin Premier Income Trust
PPT

80 hedge funds and large institutions have $164M invested in Franklin Premier Income Trust in 2014 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 24 increasing their positions, 20 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

20% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 20

16% more capital invested

Capital invested by funds: $142M → $164M (+$22M)

2.95% more ownership

Funds ownership: 19.64% → 22.59% (+2.9%)

1% less funds holding

Funds holding: 81 → 80 (-1)

10% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 10

Holders
80
Holders Change
-1
Holders Change %
-1.23%
% of All Funds
2.31%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
9
Increased
24
Reduced
20
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$13.7M
2
SIA
Sit Investment Associates
Minnesota
+$3.9M
3
COLIM
City of London Investment Management
United Kingdom
+$990K
4
RVP
Relative Value Partners
Illinois
+$963K
5
RC
Roundview Capital
New Jersey
+$796K

Top Sellers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
-$856K
2
Barclays
Barclays
United Kingdom
-$775K
3
SG Americas Securities
SG Americas Securities
New York
-$734K
4
RCM
Rivernorth Capital Management
Florida
-$671K
5
Goldman Sachs
Goldman Sachs
New York
-$503K
Name Holding Trade Value Shares
Change 		Change in
Stake
CIA
26
Capital Investment Advisors
Georgia
$468K -$35.3K -6,456 -7%
PVWM
27
Point View Wealth Management
New Jersey
$453K -$9.86K -1,802 -2%
IAS
28
IMA Advisory Services
Colorado
$439K – – –
TC
29
TFS Capital
Pennsylvania
$404K +$62.9K +11,490 +19%
Citigroup
30
Citigroup
New York
$354K +$343K +62,668 +4,958%
LCM
31
Landscape Capital Management
New Jersey
$351K +$16.9K +3,080 +5%
GHAM
32
Gilman Hill Asset Management
Connecticut
$332K +$109K +20,000 +50%
SFS
33
Shaker Financial Services
Virginia
$332K +$328K +60,000 New
IT
34
Independence Trust
Tennessee
$246K – – –
MFS
35
MSI Financial Services
Massachusetts
$223K +$13.5K +2,459 +7%
ICAS
36
Investors Capital Advisory Services
Massachusetts
$222K +$161K +29,454 +273%
PIA
37
Peachtree Investment Advisors
Georgia
$221K +$82.1K +15,000 +60%
AP
38
Advisors Preferred
Maryland
$209K +$120K +21,868 +137%
Royal Bank of Canada
39
Royal Bank of Canada
Ontario, Canada
$188K +$1.12K +205 +0.6%
AllianceBernstein
40
AllianceBernstein
Tennessee
$181K +$179K +32,672 New
Goldman Sachs
41
Goldman Sachs
New York
$170K -$503K -92,013 -75%
US Bancorp
42
US Bancorp
Minnesota
$158K – – –
Cambridge Investment Research Advisors
43
Cambridge Investment Research Advisors
Iowa
$151K +$10.9K +1,992 +8%
CS
44
Credit Suisse
Switzerland
$138K – – –
RJT
45
Raymond James Trust
Florida
$133K – – –
CAM
46
Columbia Asset Management
Michigan
$111K – – –
WA
47
WFG Advisors
Texas
$104K -$78.6K -14,375 -43%
HCM
48
Hollencrest Capital Management
California
$103K -$13.7K -2,508 -12%
Bank of New York Mellon
49
Bank of New York Mellon
New York
$95K +$1.84K +337 +2%
HK
50
Horizon Kinetics
New York
$94K – – –
1
2
3 4

PPT Hedge Fund Activity: Q1 2014 in Review

80 of the 3,464 institutional investors tracked by Wall St. Rank reported a position in Franklin Premier Income Trust (PPT) for Q1 2014, worth a combined $164M — up 16% from $142M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of PPT and 9 opened new positions — a net loss of 1 holder — while 20 trimmed existing stakes and 24 added.

The largest buyer was Saba Capital Management, adding an estimated $13.7M. The largest seller was Guggenheim Capital, cutting an estimated $856K.

  • 80 institutional investors held Franklin Premier Income Trust (PPT) as of Q1 2014, down from 81 in Q4 2013.
  • Funds reported $164M of Franklin Premier Income Trust stock for Q1 2014, up 16% quarter-over-quarter.
  • 9 funds opened new Franklin Premier Income Trust positions in Q1 2014 and 10 closed out, a net change of -1 holder.
  • The largest Franklin Premier Income Trust buyer in Q1 2014 was Saba Capital Management, an estimated $13.7M added.
  • The largest Franklin Premier Income Trust seller in Q1 2014 was Guggenheim Capital, an estimated $856K sold.

Based on aggregated 13F filings for Q1 2014.