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PPT

Franklin Premier Income Trust
PPT

79 hedge funds and large institutions have $192M invested in Franklin Premier Income Trust in 2014 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 28 increasing their positions, 19 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

47% more repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 19

1.46% more ownership

Funds ownership: 25.15% → 26.61% (+1.5%)

4% more capital invested

Capital invested by funds: $183M → $192M (+$8.22M)

1% less funds holding

Funds holding: 80 → 79 (-1)

14% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 7

Holders
79
Holders Change
-1
Holders Change %
-1.25%
% of All Funds
2.29%
Holding in Top 10
2
Holding in Top 10 Change
+2
Holding in Top 10 Change %
% of All Funds
0.06%
New
6
Increased
28
Reduced
19
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$2.72M
2
RVP
Relative Value Partners
Illinois
+$2.7M
3
1CP
1607 Capital Partners
Virginia
+$1.44M
4
SIA
Sit Investment Associates
Minnesota
+$1.41M
5
IT
Independence Trust
Tennessee
+$835K

Top Sellers

Rank Fund Capital Flow
1
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$474K
2
DA
Doliver Advisors
Texas
-$255K
3
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$242K
4
BC
Bartlett & Co
Ohio
-$220K
5
AP
Advisors Preferred
Maryland
-$178K
Name Holding Trade Value Shares
Change 		Change in
Stake
CIA
26
Capital Investment Advisors
Georgia
$485K +$22.5K +4,100 +5%
PVWM
27
Point View Wealth Management
New Jersey
$452K +$5.38K +980 +1%
IAS
28
IMA Advisory Services
Colorado
$435K – – –
CHAM
29
Clear Harbor Asset Management
Connecticut
$430K +$431K +78,427 New
MFS
30
MSI Financial Services
Massachusetts
$378K +$40.8K +7,419 +12%
GC
31
Guggenheim Capital
Illinois
$373K -$33.8K -6,145 -8%
GHAM
32
Gilman Hill Asset Management
Connecticut
$356K +$27.5K +5,000 +8%
VKH
33
Virtu KCG Holdings
New York
$343K -$15K -2,727 -4%
Goldman Sachs
34
Goldman Sachs
New York
$245K +$187K +34,005 +315%
LCM
35
Landscape Capital Management
New Jersey
$239K -$162K -29,525 -40%
FAAS
36
First Allied Advisory Services
California
$233K -$626 -114 -0.3%
ICAS
37
Investors Capital Advisory Services
Massachusetts
$221K +$467 +85 +0.2%
PSI
38
Pinnacle Summer Investments
Virginia
$164K +$165K +30,000 New
US Bancorp
39
US Bancorp
Minnesota
$145K -$11K -2,000 -7%
Cambridge Investment Research Advisors
40
Cambridge Investment Research Advisors
Iowa
$145K -$1.31K -238 -0.9%
CS
41
Credit Suisse
Switzerland
$137K – – –
RJT
42
Raymond James Trust
Florida
$127K – – –
Royal Bank of Canada
43
Royal Bank of Canada
Ontario, Canada
$119K -$242K -44,009 -67%
CAM
44
Columbia Asset Management
Michigan
$110K – – –
PNC Financial Services Group
45
PNC Financial Services Group
Pennsylvania
$110K +$110K +20,000 New
WA
46
WFG Advisors
Texas
$103K +$115 +21 +0.1%
HCM
47
Hollencrest Capital Management
California
$102K – – –
DA
48
Doliver Advisors
Texas
$94K -$255K -46,362 -73%
Bank of New York Mellon
49
Bank of New York Mellon
New York
$89K -$5.14K -936 -5%
CL
50
CSS LLC
Illinois
$81K – – –
1
2
3 4

PPT Hedge Fund Activity: Q3 2014 in Review

79 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Franklin Premier Income Trust (PPT) for Q3 2014, worth a combined $192M — up 4.5% from $183M a quarter earlier.

Sellers outnumbered buyers: 7 funds closed out of PPT and 6 opened new positions — a net loss of 1 holder — while 19 trimmed existing stakes and 28 added.

The largest buyer was Saba Capital Management, adding an estimated $2.72M. The largest seller was Susquehanna International Group, exiting entirely with an estimated $474K sold.

  • 79 institutional investors held Franklin Premier Income Trust (PPT) as of Q3 2014, down from 80 in Q2 2014.
  • Funds reported $192M of Franklin Premier Income Trust stock for Q3 2014, up 4.5% quarter-over-quarter.
  • 6 funds opened new Franklin Premier Income Trust positions in Q3 2014 and 7 closed out, a net change of -1 holder.
  • The largest Franklin Premier Income Trust buyer in Q3 2014 was Saba Capital Management, an estimated $2.72M added.
  • The largest Franklin Premier Income Trust seller in Q3 2014 was Susquehanna International Group, an estimated $474K sold.

Based on aggregated 13F filings for Q3 2014.