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PPT

Franklin Premier Income Trust
PPT

82 hedge funds and large institutions have $188M invested in Franklin Premier Income Trust in 2016 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 19 increasing their positions, 23 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

12% more capital invested

Capital invested by funds: $168M → $188M (+$20.4M)

4.59% more ownership

Funds ownership: 27.88% → 32.46% (+4.6%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

10% less funds holding

Funds holding: 91 → 82 (-9)

17% less repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 23

57% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 14

Holders
82
Holders Change
-9
Holders Change %
-9.89%
% of All Funds
2.18%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
6
Increased
19
Reduced
23
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
+$23.8M
2
SIA
Sit Investment Associates
Minnesota
+$4.27M
3
1CP
1607 Capital Partners
Virginia
+$867K
4
Bank of America
Bank of America
North Carolina
+$721K
5
Cohen & Steers
Cohen & Steers
New York
+$458K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$1.02M
2
SCM
Saba Capital Management
New York
-$766K
3
SRC
Shufro Rose & Co
New York
-$638K
4
UBS Group
UBS Group
Switzerland
-$510K
5
Invesco
Invesco
Georgia
-$395K
Name Holding Trade Value Shares
Change 		Change in
Stake
IAMOG
26
Investors Asset Management of Georgia
Georgia
$396K – – –
SMC
27
Smith, Moore & Co
Missouri
$388K -$1.87K -400 -0.5%
CIA
28
Capital Investment Advisors
Georgia
$377K – – –
PVWM
29
Point View Wealth Management
New Jersey
$371K -$20.5K -4,384 -5%
MFS
30
MSI Financial Services
Massachusetts
$326K +$8.57K +1,836 +3%
FMA
31
FNY Managed Accounts
New York
$305K +$140K +30,000 +88%
TCM
32
Texan Capital Management
Texas
$272K – – –
GHAM
33
Gilman Hill Asset Management
Connecticut
$269K +$23.4K +5,000 +10%
TJHA
34
Thomas J. Herzfeld Advisors
Florida
$229K – – –
HNB
35
Huntington National Bank
Ohio
$214K – – –
SFM
36
Signet Financial Management
New Jersey
$164K +$9.6K +2,055 +6%
FAAS
37
First Allied Advisory Services
California
$162K -$5.69K -1,218 -3%
RJT
38
Raymond James Trust
Florida
$151K +$19.5K +4,176 +15%
ICAS
39
Investors Capital Advisory Services
Massachusetts
$140K – – –
Royal Bank of Canada
40
Royal Bank of Canada
Ontario, Canada
$130K -$2.6K -556 -2%
Commonwealth Equity Services
41
Commonwealth Equity Services
Massachusetts
$111K +$48.5K +10,378 +80%
CAM
42
Columbia Asset Management
Michigan
$94K – – –
CAN
43
Cetera Advisor Networks
California
$91K – – –
Cambridge Investment Research Advisors
44
Cambridge Investment Research Advisors
Iowa
$90K – – –
VKH
45
Virtu KCG Holdings
New York
$88K -$120K -25,653 -58%
Susquehanna International Group
46
Susquehanna International Group
Pennsylvania
$84K +$82.8K +17,738 New
PNC Financial Services Group
47
PNC Financial Services Group
Pennsylvania
$79K -$31.8K -6,812 -29%
Northwestern Mutual Wealth Management
48
Northwestern Mutual Wealth Management
Wisconsin
$78K +$76.5K +16,380 New
AF
49
Allworth Financial
California
$71K – – –
HCM
50
Hollencrest Capital Management
California
$71K – – –
1
2
3 4

PPT Hedge Fund Activity: Q1 2016 in Review

82 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Franklin Premier Income Trust (PPT) for Q1 2016, worth a combined $188M — up 12% from $168M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of PPT and 6 opened new positions — a net loss of 8 holders — while 23 trimmed existing stakes and 19 added.

The largest buyer was Wells Fargo, adding an estimated $23.8M. The largest seller was Morgan Stanley, cutting an estimated $1.02M.

  • 82 institutional investors held Franklin Premier Income Trust (PPT) as of Q1 2016, down from 91 in Q4 2015.
  • Funds reported $188M of Franklin Premier Income Trust stock for Q1 2016, up 12% quarter-over-quarter.
  • 6 funds opened new Franklin Premier Income Trust positions in Q1 2016 and 14 closed out, a net change of -8 holders.
  • The largest Franklin Premier Income Trust buyer in Q1 2016 was Wells Fargo, an estimated $23.8M added.
  • The largest Franklin Premier Income Trust seller in Q1 2016 was Morgan Stanley, an estimated $1.02M sold.

Based on aggregated 13F filings for Q1 2016.