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PPT

Franklin Premier Income Trust
PPT

77 hedge funds and large institutions have $164M invested in Franklin Premier Income Trust in 2016 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 21 increasing their positions, 21 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 21

0% less capital invested

Capital invested by funds: $165M → $164M (-$542K)

1.23% less ownership

Funds ownership: 28.78% → 27.55% (-1.2%)

7% less funds holding

Funds holding: 83 → 77 (-6)

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

71% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 7

Holders
77
Holders Change
-6
Holders Change %
-7.23%
% of All Funds
2.05%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.03%
New
2
Increased
21
Reduced
21
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$7.88M
2
Morgan Stanley
Morgan Stanley
New York
+$5.21M
3
Invesco
Invesco
Georgia
+$735K
4
TAM
Trust Asset Management
Texas
+$649K
5
ACM
Arlington Capital Management
Illinois
+$311K

Top Sellers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
-$9.81M
2
RVPG
Relative Value Partners Group
-$3.69M
3
SCM
Saba Capital Management
New York
-$3.59M
4
SIA
Sit Investment Associates
Minnesota
-$2.76M
5
LCM
Landscape Capital Management
New Jersey
-$676K
Name Holding Trade Value Shares
Change 		Change in
Stake
ACM
26
Arlington Capital Management
Illinois
$315K +$311K +64,513 New
SMC
27
Smith, Moore & Co
Missouri
$267K – – –
GHAM
28
Gilman Hill Asset Management
Connecticut
$229K – – –
RJT
29
Raymond James Trust
Florida
$202K – – –
HNB
30
Huntington National Bank
Ohio
$199K – – –
CWM
31
Concert Wealth Management
California
$183K +$61.6K +12,778 +52%
FAAS
32
First Allied Advisory Services
California
$168K -$236 -49 -0.1%
Royal Bank of Canada
33
Royal Bank of Canada
Ontario, Canada
$163K -$16.2K -3,369 -9%
VKH
34
Virtu KCG Holdings
New York
$154K -$99.6K -20,661 -40%
AA
35
Ancora Advisors
Ohio
$154K +$6.63K +1,376 +5%
CAN
36
Cetera Advisor Networks
California
$125K +$34.2K +7,098 +38%
RVPG
37
Relative Value Partners Group
$100K -$3.69M -766,326 -97%
Commonwealth Equity Services
38
Commonwealth Equity Services
Massachusetts
$100K -$1.21K -251 -1%
IA
39
IFP Advisors
Florida
$95K – – –
Cambridge Investment Research Advisors
40
Cambridge Investment Research Advisors
Iowa
$93K – – –
Bank of New York Mellon
41
Bank of New York Mellon
New York
$89K +$29.1K +6,027 +49%
SFM
42
Signet Financial Management
New Jersey
$81K -$7.27K -1,509 -8%
AF
43
Allworth Financial
California
$73K – – –
CL
44
CSS LLC
Illinois
$72K – – –
PR
45
Payden & Rygel
California
$66K – – –
GC
46
Guggenheim Capital
Illinois
$65K – – –
Neuberger Berman Group
47
Neuberger Berman Group
New York
$62K – – –
PTC
48
Philadelphia Trust Company
Pennsylvania
$57K – – –
Susquehanna International Group
49
Susquehanna International Group
Pennsylvania
$55K -$6.22K -1,291 -10%
RC
50
RegentAtlantic Capital
New Jersey
$55K – – –
1
2
3 4

PPT Hedge Fund Activity: Q3 2016 in Review

77 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Franklin Premier Income Trust (PPT) for Q3 2016, worth a combined $164M — down 0.33% from $165M a quarter earlier.

Sellers outnumbered buyers: 7 funds closed out of PPT and 2 opened new positions — a net loss of 5 holders — while 21 trimmed existing stakes and 21 added.

The largest buyer was Rivernorth Capital Management, adding an estimated $7.88M. The largest seller was Wells Fargo, cutting an estimated $9.81M.

  • 77 institutional investors held Franklin Premier Income Trust (PPT) as of Q3 2016, down from 83 in Q2 2016.
  • Funds reported $164M of Franklin Premier Income Trust stock for Q3 2016, down 0.33% quarter-over-quarter.
  • 2 funds opened new Franklin Premier Income Trust positions in Q3 2016 and 7 closed out, a net change of -5 holders.
  • The largest Franklin Premier Income Trust buyer in Q3 2016 was Rivernorth Capital Management, an estimated $7.88M added.
  • The largest Franklin Premier Income Trust seller in Q3 2016 was Wells Fargo, an estimated $9.81M sold.

Based on aggregated 13F filings for Q3 2016.