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PPT

Franklin Premier Income Trust
PPT

79 hedge funds and large institutions have $192M invested in Franklin Premier Income Trust in 2014 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 28 increasing their positions, 19 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

47% more repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 19

1.46% more ownership

Funds ownership: 25.15% → 26.61% (+1.5%)

4% more capital invested

Capital invested by funds: $183M → $192M (+$8.22M)

1% less funds holding

Funds holding: 80 → 79 (-1)

14% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 7

Holders
79
Holders Change
-1
Holders Change %
-1.25%
% of All Funds
2.29%
Holding in Top 10
2
Holding in Top 10 Change
+2
Holding in Top 10 Change %
% of All Funds
0.06%
New
6
Increased
28
Reduced
19
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$2.72M
2
RVP
Relative Value Partners
Illinois
+$2.7M
3
1CP
1607 Capital Partners
Virginia
+$1.44M
4
SIA
Sit Investment Associates
Minnesota
+$1.41M
5
IT
Independence Trust
Tennessee
+$835K

Top Sellers

Rank Fund Capital Flow
1
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$474K
2
DA
Doliver Advisors
Texas
-$255K
3
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$242K
4
BC
Bartlett & Co
Ohio
-$220K
5
AP
Advisors Preferred
Maryland
-$178K
Name Holding Trade Value Shares
Change 		Change in
Stake
CAN
51
Cetera Advisor Networks
California
$78K -$11 -2 -0%
ACP
52
Aviance Capital Partners
Florida
$78K +$1.3K +237 +2%
B
53
Baird
Wisconsin
$78K +$8.24K +1,500 +12%
PR
54
Payden & Rygel
California
$74K – – –
Deutsche Bank
55
Deutsche Bank
Germany
$67K – – –
FAM
56
Formidable Asset Management
Ohio
$60K – – –
Citadel Advisors
57
Citadel Advisors
Florida
$57K +$56.8K +10,331 New
Neuberger Berman Group
58
Neuberger Berman Group
New York
$54K – – –
DADC
59
D.A. Davidson & Co
Montana
$53K – – –
DSC
60
Duncker Streett & Co
Missouri
$50K -$10.4K -1,897 -17%
LTFS
61
Ladenburg Thalmann Financial Services
Florida
$38K – – –
Fifth Third Bancorp
62
Fifth Third Bancorp
Ohio
$37K +$20.5K +3,729 +120%
Citigroup
63
Citigroup
New York
$33K +$26.2K +4,772 +401%
NFG
64
Next Financial Group
Texas
$18K +$17.6K +3,201 New
TCM
65
Tradewinds Capital Management
Washington
$17K – – –
HCM
66
Highlander Capital Management
New Jersey
$14.8K – – –
1IC
67
1919 Investment Counsel
Maryland
$14K – – –
BAM
68
Barrett Asset Management
New York
$11K – – –
DAM
69
Delta Asset Management
Tennessee
$11K – – –
Creative Planning
70
Creative Planning
Kansas
$9K -$65.9K -11,999 -88%
ST
71
Stifel Trust
Missouri
$9K +$8.79K +1,600 New
PMFA
72
Plante Moran Financial Advisors
Michigan
$6K – – –
AAM
73
Advisors Asset Management
Colorado
$5K – – –
CG
74
Colony Group
Massachusetts
$5K – – –
AllianceBernstein
75
AllianceBernstein
Tennessee
$4K – – –
1 2
3
4

PPT Hedge Fund Activity: Q3 2014 in Review

79 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Franklin Premier Income Trust (PPT) for Q3 2014, worth a combined $192M — up 4.5% from $183M a quarter earlier.

Sellers outnumbered buyers: 7 funds closed out of PPT and 6 opened new positions — a net loss of 1 holder — while 19 trimmed existing stakes and 28 added.

The largest buyer was Saba Capital Management, adding an estimated $2.72M. The largest seller was Susquehanna International Group, exiting entirely with an estimated $474K sold.

  • 79 institutional investors held Franklin Premier Income Trust (PPT) as of Q3 2014, down from 80 in Q2 2014.
  • Funds reported $192M of Franklin Premier Income Trust stock for Q3 2014, up 4.5% quarter-over-quarter.
  • 6 funds opened new Franklin Premier Income Trust positions in Q3 2014 and 7 closed out, a net change of -1 holder.
  • The largest Franklin Premier Income Trust buyer in Q3 2014 was Saba Capital Management, an estimated $2.72M added.
  • The largest Franklin Premier Income Trust seller in Q3 2014 was Susquehanna International Group, an estimated $474K sold.

Based on aggregated 13F filings for Q3 2014.