Franklin Premier Income Trust
PPT
80 hedge funds and large institutions have $166M invested in Franklin Premier Income Trust in 2016 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 19 increasing their positions, 23 reducing their positions, and 8 closing their positions.
50% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 8
4% more funds holding
Funds holding: 77 → 80 (+3)
1% more capital invested
Capital invested by funds: $164M → $166M (+$1.17M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.25% less ownership
Funds ownership: 27.55% → 27.3% (-0.25%)
17% less repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 23
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$6.44M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$2.41M |
| 3 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$1.37M |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$1.14M |
| 5 |
SRC
Shufro Rose & Co
New York
|
+$768K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$12.1M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$1.71M |
| 3 |
ACM
Arlington Capital Management
Arlington Heights,
Illinois
|
-$315K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$281K |
| 5 |
BC
Bartlett & Co
Cincinnati,
Ohio
|
-$271K |
PPT Hedge Fund Activity: Q4 2016 in Review
80 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Franklin Premier Income Trust (PPT) for Q4 2016, worth a combined $166M — up 0.71% from $164M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new PPT positions and 8 closed out — a net gain of 4 holders — while 19 added to existing stakes and 23 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $6.44M. The largest seller was Saba Capital Management, cutting an estimated $12.1M.
- 80 institutional investors held Franklin Premier Income Trust (PPT) as of Q4 2016, up from 77 in Q3 2016.
- Funds reported $166M of Franklin Premier Income Trust stock for Q4 2016, up 0.71% quarter-over-quarter.
- 12 funds opened new Franklin Premier Income Trust positions in Q4 2016 and 8 closed out, a net change of +4 holders.
- The largest Franklin Premier Income Trust buyer in Q4 2016 was Rivernorth Capital Management, an estimated $6.44M added.
- The largest Franklin Premier Income Trust seller in Q4 2016 was Saba Capital Management, an estimated $12.1M sold.
Based on aggregated 13F filings for Q4 2016.