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PPT

Franklin Premier Income Trust
PPT

76 hedge funds and large institutions have $110M invested in Franklin Premier Income Trust in 2017 Q1 according to their latest regulatory filings, with 19 funds opening new positions, 24 increasing their positions, 13 reducing their positions, and 21 closing their positions.

New
Increased
Maintained
Reduced
Closed

85% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 13

10% less first-time investments, than exits

New positions opened: 19 | Existing positions closed: 21

5% less funds holding

Funds holding: 80 → 76 (-4)

10.08% less ownership

Funds ownership: 27.3% → 17.23% (-10%)

34% less capital invested

Capital invested by funds: $166M → $110M (-$55.5M)

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
76
Holders Change
-4
Holders Change %
-5%
% of All Funds
1.89%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
19
Increased
24
Reduced
13
Closed
21
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$5.4M
2
Wells Fargo
Wells Fargo
California
+$5.24M
3
MML Investors Services
MML Investors Services
Massachusetts
+$1.74M
4
GA
Geneva Advisors
Illinois
+$1.19M
5
Bank of America
Bank of America
North Carolina
+$867K

Top Sellers

Rank Fund Capital Flow
1
1CP
1607 Capital Partners
Virginia
-$26.6M
2
SIA
Sit Investment Associates
Minnesota
-$23M
3
RCM
Rivernorth Capital Management
Florida
-$12.9M
4
SCM
Saba Capital Management
New York
-$9.99M
5
PAIM
Punch & Associates Investment Management
Minnesota
-$3.37M
Name Holding Trade Value Shares
Change 		Change in
Stake
CIA
26
Capital Investment Advisors
Georgia
$383K -$20.3K -3,900 -5%
Deutsche Bank
27
Deutsche Bank
Germany
$305K +$302K +58,000 New
DWM
28
Doyle Wealth Management
Florida
$297K +$294K +56,336 New
SBIA
29
Sheaff Brock Investment Advisors
Indiana
$270K +$267K +51,176 New
RJT
30
Raymond James Trust
Florida
$235K +$17.2K +3,291 +8%
Cambridge Investment Research Advisors
31
Cambridge Investment Research Advisors
Iowa
$232K +$131K +25,106 +132%
WA
32
WFG Advisors
Texas
$205K +$45.8K +8,778 +29%
HighTower Advisors
33
HighTower Advisors
Illinois
$202K +$144K +27,646 +262%
GHAM
34
Gilman Hill Asset Management
Connecticut
$194K – – –
FAAS
35
First Allied Advisory Services
California
$181K – – –
Citigroup
36
Citigroup
New York
$169K +$163K +31,188 +3,273%
AGM
37
Alpine Global Management
New York
$168K +$166K +31,860 New
Millennium Management
38
Millennium Management
New York
$163K +$161K +30,905 New
HK
39
Horizon Kinetics
New York
$150K +$149K +28,491 New
PNC Financial Services Group
40
PNC Financial Services Group
Pennsylvania
$125K +$104K +20,000 +561%
SMC
41
Smith, Moore & Co
Missouri
$108K -$172K -32,927 -62%
WS
42
Wedbush Securities
California
$108K +$106K +20,401 New
CAN
43
Cetera Advisor Networks
California
$93K – – –
CHAM
44
Clear Harbor Asset Management
Connecticut
$86K – – –
Goldman Sachs
45
Goldman Sachs
New York
$84K +$83.3K +15,973 New
Bank of New York Mellon
46
Bank of New York Mellon
New York
$81K +$193 +37 +0.2%
AF
47
Allworth Financial
California
$79K – – –
IWMPD
48
Integrated Wealth Management (Palm Desert)
California
$79K +$78.2K +15,000 New
PR
49
Payden & Rygel
California
$71K – – –
Ameriprise
50
Ameriprise
Minnesota
$68K +$67K +12,856 New
1
2
3 4

PPT Hedge Fund Activity: Q1 2017 in Review

76 of the 4,018 institutional investors tracked by Wall St. Rank reported a position in Franklin Premier Income Trust (PPT) for Q1 2017, worth a combined $110M — down 34% from $166M a quarter earlier.

Sellers outnumbered buyers: 21 funds closed out of PPT and 19 opened new positions — a net loss of 2 holders — while 13 trimmed existing stakes and 24 added.

The largest buyer was Morgan Stanley, adding an estimated $5.4M. The largest seller was 1607 Capital Partners, exiting entirely with an estimated $26.6M sold.

  • 76 institutional investors held Franklin Premier Income Trust (PPT) as of Q1 2017, down from 80 in Q4 2016.
  • Funds reported $110M of Franklin Premier Income Trust stock for Q1 2017, down 34% quarter-over-quarter.
  • 19 funds opened new Franklin Premier Income Trust positions in Q1 2017 and 21 closed out, a net change of -2 holders.
  • The largest Franklin Premier Income Trust buyer in Q1 2017 was Morgan Stanley, an estimated $5.4M added.
  • The largest Franklin Premier Income Trust seller in Q1 2017 was 1607 Capital Partners, an estimated $26.6M sold.

Based on aggregated 13F filings for Q1 2017.