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PPT

Franklin Premier Income Trust
PPT

81 hedge funds and large institutions have $142M invested in Franklin Premier Income Trust in 2013 Q4 according to their latest regulatory filings, with 22 funds opening new positions, 19 increasing their positions, 26 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

120% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 10

24% more capital invested

Capital invested by funds: $114M → $142M (+$27.8M)

17% more funds holding

Funds holding: 69 → 81 (+12)

4.35% more ownership

Funds ownership: 15.29% → 19.64% (+4.3%)

27% less repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 26

Holders
81
Holders Change
+12
Holders Change %
+17.39%
% of All Funds
2.35%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
22
Increased
19
Reduced
26
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$13.5M
2
1CP
1607 Capital Partners
Virginia
+$7.89M
3
SIA
Sit Investment Associates
Minnesota
+$5.25M
4
RVP
Relative Value Partners
Illinois
+$2.73M
5
RCM
Rivernorth Capital Management
Florida
+$2.04M

Top Sellers

Rank Fund Capital Flow
1
NCM
Newgate Capital Management
Connecticut
-$8.33M
2
Morgan Stanley
Morgan Stanley
New York
-$1.23M
3
GC
Guggenheim Capital
Illinois
-$1.21M
4
Invesco
Invesco
Georgia
-$1.13M
5
CA
Cornerstone Advisors
North Carolina
-$890K
Name Holding Trade Value Shares
Change 		Change in
Stake
AP
51
Advisors Preferred
Maryland
$86K +$86K +15,988 New
AF
52
Allworth Financial
California
$81K +$80.4K +14,952 New
CL
53
CSS LLC
Illinois
$80K +$79.3K +14,747 New
ACP
54
Aviance Capital Partners
Florida
$78K -$8.87K -1,649 -10%
CAN
55
Cetera Advisor Networks
California
$73K -$18.8K -3,498 -21%
PR
56
Payden & Rygel
California
$73K – – –
Northwestern Mutual Wealth Management
57
Northwestern Mutual Wealth Management
Wisconsin
$70K +$68.9K +12,800 New
B
58
Baird
Wisconsin
$69K -$20.7K -3,846 -23%
ICAS
59
Investors Capital Advisory Services
Massachusetts
$58K +$452 +84 +0.8%
Neuberger Berman Group
60
Neuberger Berman Group
New York
$54K – – –
DSC
61
Duncker Streett & Co
Missouri
$52K – – –
FAM
62
Formidable Asset Management
Ohio
$50K – – –
DADC
63
D.A. Davidson & Co
Montana
$42K +$42K +7,800 New
PAS
64
Partnervest Advisory Services
California
$40K +$39.8K +7,399 New
LTFS
65
Ladenburg Thalmann Financial Services
Florida
$37K – – –
1IC
66
1919 Investment Counsel
Maryland
$34K – – –
Bank of Montreal
67
Bank of Montreal
Ontario, Canada
$23K +$19.9K +3,700 +733%
Fifth Third Bancorp
68
Fifth Third Bancorp
Ohio
$17K – – –
TCM
69
Tradewinds Capital Management
Washington
$17K +$16.9K +3,150 New
HCM
70
Highlander Capital Management
New Jersey
$14.7K – – –
CAPTRUST Financial Advisors
71
CAPTRUST Financial Advisors
North Carolina
$14K +$14K +2,600 New
BAM
72
Barrett Asset Management
New York
$11K – – –
DAM
73
Delta Asset Management
Tennessee
$11K – – –
PWAG
74
Polaris Wealth Advisory Group
California
$10K +$10.1K +1,875 New
Citigroup
75
Citigroup
New York
$7K -$14.4K -2,671 -68%
1 2
3
4

PPT Hedge Fund Activity: Q4 2013 in Review

81 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Franklin Premier Income Trust (PPT) for Q4 2013, worth a combined $142M — up 24% from $114M a quarter earlier.

Buyers outnumbered sellers: 22 funds opened new PPT positions and 10 closed out — a net gain of 12 holders — while 19 added to existing stakes and 26 trimmed.

The largest buyer was Saba Capital Management, adding an estimated $13.5M. The largest seller was Newgate Capital Management, exiting entirely with an estimated $8.33M sold.

  • 81 institutional investors held Franklin Premier Income Trust (PPT) as of Q4 2013, up from 69 in Q3 2013.
  • Funds reported $142M of Franklin Premier Income Trust stock for Q4 2013, up 24% quarter-over-quarter.
  • 22 funds opened new Franklin Premier Income Trust positions in Q4 2013 and 10 closed out, a net change of +12 holders.
  • The largest Franklin Premier Income Trust buyer in Q4 2013 was Saba Capital Management, an estimated $13.5M added.
  • The largest Franklin Premier Income Trust seller in Q4 2013 was Newgate Capital Management, an estimated $8.33M sold.

Based on aggregated 13F filings for Q4 2013.