Franklin Premier Income Trust
PPT
89 hedge funds and large institutions have $183M invested in Franklin Premier Income Trust in 2015 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 25 increasing their positions, 32 reducing their positions, and 7 closing their positions.
14% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 7
1% less funds holding
Funds holding: 90 → 89 (-1)
2.28% less ownership
Funds ownership: 31.77% → 29.49% (-2.3%)
10% less capital invested
Capital invested by funds: $203M → $183M (-$20.4M)
22% less repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 32
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$4.03M |
| 2 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
+$1.61M |
| 3 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
+$1.01M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$625K |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$539K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$13.1M |
| 2 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$1.25M |
| 3 |
AC
Addison Capital
Conshohocken,
Pennsylvania
|
-$957K |
| 4 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$829K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$362K |
PPT Hedge Fund Activity: Q2 2015 in Review
89 of the 3,712 institutional investors tracked by Wall St. Rank reported a position in Franklin Premier Income Trust (PPT) for Q2 2015, worth a combined $183M — down 10% from $203M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new PPT positions and 7 closed out — a net gain of 1 holder — while 25 added to existing stakes and 32 trimmed.
The largest buyer was Sit Investment Associates, adding an estimated $4.03M. The largest seller was Saba Capital Management, cutting an estimated $13.1M.
- 89 institutional investors held Franklin Premier Income Trust (PPT) as of Q2 2015, down from 90 in Q1 2015.
- Funds reported $183M of Franklin Premier Income Trust stock for Q2 2015, down 10% quarter-over-quarter.
- 8 funds opened new Franklin Premier Income Trust positions in Q2 2015 and 7 closed out, a net change of +1 holder.
- The largest Franklin Premier Income Trust buyer in Q2 2015 was Sit Investment Associates, an estimated $4.03M added.
- The largest Franklin Premier Income Trust seller in Q2 2015 was Saba Capital Management, an estimated $13.1M sold.
Based on aggregated 13F filings for Q2 2015.