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PPT

Franklin Premier Income Trust
PPT

83 hedge funds and large institutions have $165M invested in Franklin Premier Income Trust in 2016 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 17 increasing their positions, 25 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

1% more funds holding

Funds holding: 82 → 83 (+1)

9% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 11

3.68% less ownership

Funds ownership: 32.46% → 28.78% (-3.7%)

12% less capital invested

Capital invested by funds: $188M → $165M (-$23.1M)

32% less repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 25

Holders
83
Holders Change
+1
Holders Change %
+1.22%
% of All Funds
2.21%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.05%
New
12
Increased
17
Reduced
25
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
+$8.86M
2
RCM
Rivernorth Capital Management
Florida
+$1.03M
3
PAIM
Punch & Associates Investment Management
Minnesota
+$225K
4
Invesco
Invesco
Georgia
+$212K
5
DA
Doliver Advisors
Texas
+$175K

Top Sellers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
-$13.2M
2
RVPG
Relative Value Partners Group
-$8.08M
3
PPA
Parametric Portfolio Associates
Washington
-$5.44M
4
SCM
Saba Capital Management
New York
-$2.76M
5
AC
Addison Capital
Pennsylvania
-$757K
Name Holding Trade Value Shares
Change 		Change in
Stake
CIA
26
Capital Investment Advisors
Georgia
$365K -$8.61K -1,821 -2%
TCM
27
Texan Capital Management
Texas
$270K – – –
SMC
28
Smith, Moore & Co
Missouri
$256K -$129K -27,300 -33%
VKH
29
Virtu KCG Holdings
New York
$245K +$159K +33,636 +182%
GHAM
30
Gilman Hill Asset Management
Connecticut
$220K -$47.3K -10,000 -18%
TJHA
31
Thomas J. Herzfeld Advisors
Florida
$213K -$14.2K -3,000 -6%
RJT
32
Raymond James Trust
Florida
$195K +$44.9K +9,500 +30%
HNB
33
Huntington National Bank
Ohio
$191K – – –
DA
34
Doliver Advisors
Texas
$174K +$175K +37,032 New
Royal Bank of Canada
35
Royal Bank of Canada
Ontario, Canada
$172K +$44K +9,315 +34%
TSS
36
Two Sigma Securities
New York
$163K +$164K +34,777 New
FAAS
37
First Allied Advisory Services
California
$162K – – –
AA
38
Ancora Advisors
Ohio
$141K +$142K +30,100 New
ICAS
39
Investors Capital Advisory Services
Massachusetts
$139K – – –
CWM
40
Concert Wealth Management
California
$116K +$116K +24,540 New
Citadel Advisors
41
Citadel Advisors
Florida
$102K +$103K +21,751 New
Commonwealth Equity Services
42
Commonwealth Equity Services
Massachusetts
$97K -$12.8K -2,717 -12%
CAM
43
Columbia Asset Management
Michigan
$94K – – –
IA
44
IFP Advisors
Florida
$92K +$92.3K +19,511 New
Cambridge Investment Research Advisors
45
Cambridge Investment Research Advisors
Iowa
$89K – – –
CAN
46
Cetera Advisor Networks
California
$87K -$2.98K -630 -3%
SFM
47
Signet Financial Management
New Jersey
$85K -$77.7K -16,440 -48%
HCM
48
Hollencrest Capital Management
California
$71K – – –
AF
49
Allworth Financial
California
$70K – – –
CL
50
CSS LLC
Illinois
$69K – – –
1
2
3 4

PPT Hedge Fund Activity: Q2 2016 in Review

83 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Franklin Premier Income Trust (PPT) for Q2 2016, worth a combined $165M — down 12% from $188M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new PPT positions and 11 closed out — a net gain of 1 holder — while 17 added to existing stakes and 25 trimmed.

The largest buyer was Sit Investment Associates, adding an estimated $8.86M. The largest seller was Wells Fargo, cutting an estimated $13.2M.

  • 83 institutional investors held Franklin Premier Income Trust (PPT) as of Q2 2016, up from 82 in Q1 2016.
  • Funds reported $165M of Franklin Premier Income Trust stock for Q2 2016, down 12% quarter-over-quarter.
  • 12 funds opened new Franklin Premier Income Trust positions in Q2 2016 and 11 closed out, a net change of +1 holder.
  • The largest Franklin Premier Income Trust buyer in Q2 2016 was Sit Investment Associates, an estimated $8.86M added.
  • The largest Franklin Premier Income Trust seller in Q2 2016 was Wells Fargo, an estimated $13.2M sold.

Based on aggregated 13F filings for Q2 2016.