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PPT

Franklin Premier Income Trust
PPT

82 hedge funds and large institutions have $188M invested in Franklin Premier Income Trust in 2016 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 19 increasing their positions, 23 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

12% more capital invested

Capital invested by funds: $168M → $188M (+$20.4M)

4.59% more ownership

Funds ownership: 27.88% → 32.46% (+4.6%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

10% less funds holding

Funds holding: 91 → 82 (-9)

17% less repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 23

57% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 14

Holders
82
Holders Change
-9
Holders Change %
-9.89%
% of All Funds
2.18%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
6
Increased
19
Reduced
23
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
+$23.8M
2
SIA
Sit Investment Associates
Minnesota
+$4.27M
3
1CP
1607 Capital Partners
Virginia
+$867K
4
Bank of America
Bank of America
North Carolina
+$721K
5
Cohen & Steers
Cohen & Steers
New York
+$458K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$1.02M
2
SCM
Saba Capital Management
New York
-$766K
3
SRC
Shufro Rose & Co
New York
-$638K
4
UBS Group
UBS Group
Switzerland
-$510K
5
Invesco
Invesco
Georgia
-$395K
Name Holding Trade Value Shares
Change 		Change in
Stake
CL
51
CSS LLC
Illinois
$70K – – –
PR
52
Payden & Rygel
California
$64K – – –
Bank of New York Mellon
53
Bank of New York Mellon
New York
$56K -$21.1K -4,518 -28%
RC
54
RegentAtlantic Capital
New Jersey
$53K – – –
PAG
55
Private Advisor Group
New Jersey
$52K -$12.1K -2,600 -19%
BKA
56
Brick & Kyle Associates
Pennsylvania
$52K – – –
Baird Financial Group
57
Baird Financial Group
Wisconsin
$50K – – –
LTFS
58
Ladenburg Thalmann Financial Services
Florida
$49K -$11.7K -2,503 -19%
IT
59
Independence Trust
Tennessee
$49K – – –
HighTower Advisors
60
HighTower Advisors
Illinois
$49K +$602 +129 +1%
Fifth Third Bancorp
61
Fifth Third Bancorp
Ohio
$47K – – –
Neuberger Berman Group
62
Neuberger Berman Group
New York
$47K – – –
FAM
63
Formidable Asset Management
Ohio
$43K – – –
Creative Planning
64
Creative Planning
Kansas
$41K +$560 +120 +1%
DADC
65
D.A. Davidson & Co
Montana
$18K – – –
GWM
66
Geneos Wealth Management
Colorado
$18K +$17.9K +3,824 New
US Bancorp
67
US Bancorp
Minnesota
$17K -$107K -23,000 -87%
GBT
68
Grove Bank & Trust
Florida
$15K – – –
TCM
69
Tradewinds Capital Management
Washington
$15K – – –
KKAMG
70
Kernodle & Katon Asset Management Group
Arkansas
$14K – – –
HCM
71
Highlander Capital Management
New Jersey
$13K – – –
WAM
72
Wealthspire Advisors (Maryland)
Maryland
$11K +$84 +18 +0.8%
RFA
73
Reilly Financial Advisors
California
$11K +$10.7K +2,287 New
DAM
74
Delta Asset Management
Tennessee
$10K – – –
AC
75
Alexandria Capital
Virginia
$7K +$6.54K +1,400 New
1 2
3
4

PPT Hedge Fund Activity: Q1 2016 in Review

82 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Franklin Premier Income Trust (PPT) for Q1 2016, worth a combined $188M — up 12% from $168M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of PPT and 6 opened new positions — a net loss of 8 holders — while 23 trimmed existing stakes and 19 added.

The largest buyer was Wells Fargo, adding an estimated $23.8M. The largest seller was Morgan Stanley, cutting an estimated $1.02M.

  • 82 institutional investors held Franklin Premier Income Trust (PPT) as of Q1 2016, down from 91 in Q4 2015.
  • Funds reported $188M of Franklin Premier Income Trust stock for Q1 2016, up 12% quarter-over-quarter.
  • 6 funds opened new Franklin Premier Income Trust positions in Q1 2016 and 14 closed out, a net change of -8 holders.
  • The largest Franklin Premier Income Trust buyer in Q1 2016 was Wells Fargo, an estimated $23.8M added.
  • The largest Franklin Premier Income Trust seller in Q1 2016 was Morgan Stanley, an estimated $1.02M sold.

Based on aggregated 13F filings for Q1 2016.