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PPT

Franklin Premier Income Trust
PPT

90 hedge funds and large institutions have $203M invested in Franklin Premier Income Trust in 2015 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 28 increasing their positions, 28 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

2.22% more ownership

Funds ownership: 29.55% → 31.77% (+2.2%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

0% more repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 28

0% less capital invested

Capital invested by funds: $204M → $203M (-$709K)

1% less funds holding

Funds holding: 91 → 90 (-1)

13% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 8

Holders
90
Holders Change
-1
Holders Change %
-1.1%
% of All Funds
2.4%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
7
Increased
28
Reduced
28
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
+$4.09M
2
RCM
Rivernorth Capital Management
Florida
+$1.63M
3
TAM
Trust Asset Management
Texas
+$1.24M
4
EVM
Eaton Vance Management
Massachusetts
+$954K
5
UCFA
United Capital Financial Advisors
Texas
+$613K

Top Sellers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
-$7.15M
2
UBS Group
UBS Group
Switzerland
-$3.03M
3
SFS
Shaker Financial Services
Virginia
-$592K
4
MFS
MSI Financial Services
Massachusetts
-$336K
5
Morgan Stanley
Morgan Stanley
New York
-$324K
Name Holding Trade Value Shares
Change 		Change in
Stake
Cambridge Investment Research Advisors
51
Cambridge Investment Research Advisors
Iowa
$113K -$25.9K -4,954 -19%
CAM
52
Columbia Asset Management
Michigan
$105K – – –
PAG
53
Private Advisor Group
New Jersey
$92K +$21.1K +4,025 +30%
AF
54
Allworth Financial
California
$79K – – –
HCM
55
Hollencrest Capital Management
California
$79K – – –
CL
56
CSS LLC
Illinois
$78K – – –
ACP
57
Aviance Capital Partners
Florida
$76K +$744 +142 +1%
Bank of New York Mellon
58
Bank of New York Mellon
New York
$75K -$2.31K -441 -3%
PR
59
Payden & Rygel
California
$71K – – –
HighTower Advisors
60
HighTower Advisors
Illinois
$71K +$70.2K +13,405 New
WA
61
WFG Advisors
Texas
$70K – – –
Commonwealth Equity Services
62
Commonwealth Equity Services
Massachusetts
$66K -$330 -63 -0.5%
Deutsche Bank
63
Deutsche Bank
Germany
$65K – – –
DSC
64
Duncker Streett & Co
Missouri
$64K +$15.7K +3,000 +33%
LTFS
65
Ladenburg Thalmann Financial Services
Florida
$60K +$12.7K +2,433 +27%
BKA
66
Brick & Kyle Associates
Pennsylvania
$57K – – –
B
67
Baird
Wisconsin
$56K – – –
Neuberger Berman Group
68
Neuberger Berman Group
New York
$53K – – –
MFS
69
MSI Financial Services
Massachusetts
$52K -$336K -64,146 -87%
FAM
70
Formidable Asset Management
Ohio
$48K +$48.2K +9,200 New
DADC
71
D.A. Davidson & Co
Montana
$47K – – –
GWA
72
Genesis Wealth Advisors
Massachusetts
$38.3K – – –
Fifth Third Bancorp
73
Fifth Third Bancorp
Ohio
$35K -$649 -124 -2%
TRCT
74
Tower Research Capital (TRC)
New York
$30K -$12K -2,300 -29%
Creative Planning
75
Creative Planning
Kansas
$19K -$2.93K -560 -13%
1 2
3
4

PPT Hedge Fund Activity: Q1 2015 in Review

90 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Franklin Premier Income Trust (PPT) for Q1 2015, worth a combined $203M — down 0.35% from $204M a quarter earlier.

Sellers outnumbered buyers: 8 funds closed out of PPT and 7 opened new positions — a net loss of 1 holder — while 28 trimmed existing stakes and 28 added.

The largest buyer was Sit Investment Associates, adding an estimated $4.09M. The largest seller was Saba Capital Management, cutting an estimated $7.15M.

  • 90 institutional investors held Franklin Premier Income Trust (PPT) as of Q1 2015, down from 91 in Q4 2014.
  • Funds reported $203M of Franklin Premier Income Trust stock for Q1 2015, down 0.35% quarter-over-quarter.
  • 7 funds opened new Franklin Premier Income Trust positions in Q1 2015 and 8 closed out, a net change of -1 holder.
  • The largest Franklin Premier Income Trust buyer in Q1 2015 was Sit Investment Associates, an estimated $4.09M added.
  • The largest Franklin Premier Income Trust seller in Q1 2015 was Saba Capital Management, an estimated $7.15M sold.

Based on aggregated 13F filings for Q1 2015.