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PPT

Franklin Premier Income Trust
PPT

69 hedge funds and large institutions have $114M invested in Franklin Premier Income Trust in 2013 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 20 increasing their positions, 23 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

9% more capital invested

Capital invested by funds: $105M → $114M (+$9.48M)

1.63% more ownership

Funds ownership: 13.66% → 15.29% (+1.6%)

3% less funds holding

Funds holding: 71 → 69 (-2)

13% less repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 23

22% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 9

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
69
Holders Change
-2
Holders Change %
-2.82%
% of All Funds
2.24%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
7
Increased
20
Reduced
23
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RVP
Relative Value Partners
Illinois
+$7.17M
2
1CP
1607 Capital Partners
Virginia
+$5.65M
3
SIA
Sit Investment Associates
Minnesota
+$5.65M
4
SCM
Saba Capital Management
New York
+$2.18M
5
RCM
Rivernorth Capital Management
Florida
+$761K

Top Sellers

Rank Fund Capital Flow
1
NCM
Newgate Capital Management
Connecticut
-$6.8M
2
Invesco
Invesco
Georgia
-$1.46M
3
GC
Guggenheim Capital
Illinois
-$958K
4
WAM
Wolverine Asset Management
Illinois
-$957K
5
CA
Cornerstone Advisors
North Carolina
-$938K
Name Holding Trade Value Shares
Change 		Change in
Stake
PMG
51
ProVise Management Group
Florida
$74K -$20.8K -3,950 -22%
PR
52
Payden & Rygel
California
$71K – – –
ICAS
53
Investors Capital Advisory Services
Massachusetts
$56K +$454 +86 +0.8%
Neuberger Berman Group
54
Neuberger Berman Group
New York
$53K – – –
DSC
55
Duncker Streett & Co
Missouri
$50K – – –
FAM
56
Formidable Asset Management
Ohio
$48K +$48.5K +9,200 New
LTFS
57
Ladenburg Thalmann Financial Services
Florida
$36K -$22.9K -4,349 -39%
1IC
58
1919 Investment Counsel
Maryland
$33K – – –
Citigroup
59
Citigroup
New York
$21K +$5.79K +1,098 +39%
Fifth Third Bancorp
60
Fifth Third Bancorp
Ohio
$16K – – –
HCM
61
Highlander Capital Management
New Jersey
$14.2K – – –
BAM
62
Barrett Asset Management
New York
$11K – – –
DAM
63
Delta Asset Management
Tennessee
$11K – – –
Creative Planning
64
Creative Planning
Kansas
$7K -$57.3K -10,860 -89%
AAM
65
Advisors Asset Management
Colorado
$6K -$264 -50 -5%
Bank of Montreal
66
Bank of Montreal
Ontario, Canada
$3K -$20.7K -3,931 -89%
TRCT
67
Tower Research Capital (TRC)
New York
$2K -$9.34K -1,770 -79%
First Manhattan
68
First Manhattan
New York
$2K – – –
WAM
69
Wolverine Asset Management
Illinois
– -$957K -178,950 Closed
Rafferty Asset Management
70
Rafferty Asset Management
New York
– -$148K -27,660 Closed
PP
71
Paloma Partners
Connecticut
– -$139K -25,900 Closed
AF
72
Allworth Financial
California
– -$80K -14,952 Closed
Comerica Bank
73
Comerica Bank
Texas
– -$67K -12,440 Closed
CAPTRUST Financial Advisors
74
CAPTRUST Financial Advisors
North Carolina
– -$14K -2,600 Closed
PNC Financial Services Group
75
PNC Financial Services Group
Pennsylvania
– -$5K -1,000 Closed
1 2
3
4

PPT Hedge Fund Activity: Q3 2013 in Review

69 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Franklin Premier Income Trust (PPT) for Q3 2013, worth a combined $114M — up 9.1% from $105M a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of PPT and 7 opened new positions — a net loss of 2 holders — while 23 trimmed existing stakes and 20 added.

The largest buyer was Relative Value Partners, adding an estimated $7.17M. The largest seller was Newgate Capital Management, cutting an estimated $6.8M.

  • 69 institutional investors held Franklin Premier Income Trust (PPT) as of Q3 2013, down from 71 in Q2 2013.
  • Funds reported $114M of Franklin Premier Income Trust stock for Q3 2013, up 9.1% quarter-over-quarter.
  • 7 funds opened new Franklin Premier Income Trust positions in Q3 2013 and 9 closed out, a net change of -2 holders.
  • The largest Franklin Premier Income Trust buyer in Q3 2013 was Relative Value Partners, an estimated $7.17M added.
  • The largest Franklin Premier Income Trust seller in Q3 2013 was Newgate Capital Management, an estimated $6.8M sold.

Based on aggregated 13F filings for Q3 2013.