Franklin Premier Income Trust
PPT
91 hedge funds and large institutions have $204M invested in Franklin Premier Income Trust in 2014 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 24 increasing their positions, 22 reducing their positions, and 6 closing their positions.
250% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 6
15% more funds holding
Funds holding: 79 → 91 (+12)
6% more capital invested
Capital invested by funds: $192M → $204M (+$12.3M)
2.94% more ownership
Funds ownership: 26.61% → 29.55% (+2.9%)
9% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 22
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$11.3M |
| 2 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
+$7.23M |
| 3 |
RVP
Relative Value Partners
Northbrook,
Illinois
|
+$1.52M |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$1.51M |
| 5 |
UCFA
United Capital Financial Advisors
Irving,
Texas
|
+$1.35M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$3.87M |
| 2 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$955K |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$946K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$607K |
| 5 |
RC
Roundview Capital
Princeton,
New Jersey
|
-$525K |
PPT Hedge Fund Activity: Q4 2014 in Review
91 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Franklin Premier Income Trust (PPT) for Q4 2014, worth a combined $204M — up 6.4% from $192M a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new PPT positions and 6 closed out — a net gain of 15 holders — while 24 added to existing stakes and 22 trimmed.
The largest buyer was Sit Investment Associates, adding an estimated $11.3M. The largest seller was Saba Capital Management, cutting an estimated $3.87M.
- 91 institutional investors held Franklin Premier Income Trust (PPT) as of Q4 2014, up from 79 in Q3 2014.
- Funds reported $204M of Franklin Premier Income Trust stock for Q4 2014, up 6.4% quarter-over-quarter.
- 21 funds opened new Franklin Premier Income Trust positions in Q4 2014 and 6 closed out, a net change of +15 holders.
- The largest Franklin Premier Income Trust buyer in Q4 2014 was Sit Investment Associates, an estimated $11.3M added.
- The largest Franklin Premier Income Trust seller in Q4 2014 was Saba Capital Management, an estimated $3.87M sold.
Based on aggregated 13F filings for Q4 2014.