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PPT

Franklin Premier Income Trust
PPT

80 hedge funds and large institutions have $164M invested in Franklin Premier Income Trust in 2014 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 24 increasing their positions, 20 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

20% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 20

16% more capital invested

Capital invested by funds: $142M → $164M (+$22M)

2.95% more ownership

Funds ownership: 19.64% → 22.59% (+2.9%)

1% less funds holding

Funds holding: 81 → 80 (-1)

10% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 10

Holders
80
Holders Change
-1
Holders Change %
-1.23%
% of All Funds
2.31%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
9
Increased
24
Reduced
20
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$13.7M
2
SIA
Sit Investment Associates
Minnesota
+$3.9M
3
COLIM
City of London Investment Management
United Kingdom
+$990K
4
RVP
Relative Value Partners
Illinois
+$963K
5
RC
Roundview Capital
New Jersey
+$796K

Top Sellers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
-$856K
2
Barclays
Barclays
United Kingdom
-$775K
3
SG Americas Securities
SG Americas Securities
New York
-$734K
4
RCM
Rivernorth Capital Management
Florida
-$671K
5
Goldman Sachs
Goldman Sachs
New York
-$503K
Name Holding Trade Value Shares
Change 		Change in
Stake
Citadel Advisors
51
Citadel Advisors
Florida
$85K +$84K +15,346 New
AF
52
Allworth Financial
California
$83K – – –
CL
53
CSS LLC
Illinois
$82K – – –
Commonwealth Equity Services
54
Commonwealth Equity Services
Massachusetts
$81K -$16.3K -2,988 -17%
CAN
55
Cetera Advisor Networks
California
$78K +$3.45K +630 +5%
PR
56
Payden & Rygel
California
$74K – – –
B
57
Baird
Wisconsin
$70K – – –
DADC
58
D.A. Davidson & Co
Montana
$70K +$27.4K +5,000 +64%
PAG
59
Private Advisor Group
New Jersey
$62K +$61.7K +11,284 New
ACP
60
Aviance Capital Partners
Florida
$60.6K -$18.6K -3,406 -24%
PP
61
Paloma Partners
Connecticut
$57K +$56K +10,242 New
Neuberger Berman Group
62
Neuberger Berman Group
New York
$55K – – –
DSC
63
Duncker Streett & Co
Missouri
$53K – – –
FAM
64
Formidable Asset Management
Ohio
$51K – – –
PAS
65
Partnervest Advisory Services
California
$41K – – –
LTFS
66
Ladenburg Thalmann Financial Services
Florida
$38K – – –
1IC
67
1919 Investment Counsel
Maryland
$35K – – –
AIG
68
American International Group
New York
$20.2K +$19.1K +3,500 +2,333%
Fifth Third Bancorp
69
Fifth Third Bancorp
Ohio
$17K – – –
TCM
70
Tradewinds Capital Management
Washington
$17K – – –
HCM
71
Highlander Capital Management
New Jersey
$14.9K – – –
BAM
72
Barrett Asset Management
New York
$11K – – –
DAM
73
Delta Asset Management
Tennessee
$11K – – –
Creative Planning
74
Creative Planning
Kansas
$8K +$5.15K +942 +179%
CG
75
Colony Group
Massachusetts
$6K – – –
1 2
3
4

PPT Hedge Fund Activity: Q1 2014 in Review

80 of the 3,464 institutional investors tracked by Wall St. Rank reported a position in Franklin Premier Income Trust (PPT) for Q1 2014, worth a combined $164M — up 16% from $142M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of PPT and 9 opened new positions — a net loss of 1 holder — while 20 trimmed existing stakes and 24 added.

The largest buyer was Saba Capital Management, adding an estimated $13.7M. The largest seller was Guggenheim Capital, cutting an estimated $856K.

  • 80 institutional investors held Franklin Premier Income Trust (PPT) as of Q1 2014, down from 81 in Q4 2013.
  • Funds reported $164M of Franklin Premier Income Trust stock for Q1 2014, up 16% quarter-over-quarter.
  • 9 funds opened new Franklin Premier Income Trust positions in Q1 2014 and 10 closed out, a net change of -1 holder.
  • The largest Franklin Premier Income Trust buyer in Q1 2014 was Saba Capital Management, an estimated $13.7M added.
  • The largest Franklin Premier Income Trust seller in Q1 2014 was Guggenheim Capital, an estimated $856K sold.

Based on aggregated 13F filings for Q1 2014.