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PPT

Franklin Premier Income Trust
PPT

83 hedge funds and large institutions have $165M invested in Franklin Premier Income Trust in 2016 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 17 increasing their positions, 25 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

1% more funds holding

Funds holding: 82 → 83 (+1)

9% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 11

3.68% less ownership

Funds ownership: 32.46% → 28.78% (-3.7%)

12% less capital invested

Capital invested by funds: $188M → $165M (-$23.1M)

32% less repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 25

Holders
83
Holders Change
+1
Holders Change %
+1.22%
% of All Funds
2.21%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.05%
New
12
Increased
17
Reduced
25
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
+$8.86M
2
RCM
Rivernorth Capital Management
Florida
+$1.03M
3
PAIM
Punch & Associates Investment Management
Minnesota
+$225K
4
Invesco
Invesco
Georgia
+$212K
5
DA
Doliver Advisors
Texas
+$175K

Top Sellers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
-$13.2M
2
RVPG
Relative Value Partners Group
-$8.08M
3
PPA
Parametric Portfolio Associates
Washington
-$5.44M
4
SCM
Saba Capital Management
New York
-$2.76M
5
AC
Addison Capital
Pennsylvania
-$757K
Name Holding Trade Value Shares
Change 		Change in
Stake
PR
51
Payden & Rygel
California
$63K – – –
GC
52
Guggenheim Capital
Illinois
$62K +$62.8K +13,277 New
Neuberger Berman Group
53
Neuberger Berman Group
New York
$60K +$12.9K +2,718 +27%
Susquehanna International Group
54
Susquehanna International Group
Pennsylvania
$59K -$24.2K -5,124 -29%
Bank of New York Mellon
55
Bank of New York Mellon
New York
$58K +$2.08K +440 +4%
PTC
56
Philadelphia Trust Company
Pennsylvania
$55K +$55.1K +11,650 New
RC
57
RegentAtlantic Capital
New Jersey
$53K – – –
BKA
58
Brick & Kyle Associates
Pennsylvania
$51K – – –
PAG
59
Private Advisor Group
New Jersey
$51K – – –
Baird Financial Group
60
Baird Financial Group
Wisconsin
$50K – – –
LTFS
61
Ladenburg Thalmann Financial Services
Florida
$49K -$109 -23 -0.2%
HighTower Advisors
62
HighTower Advisors
Illinois
$49K +$615 +130 +1%
IT
63
Independence Trust
Tennessee
$48K – – –
PNC Financial Services Group
64
PNC Financial Services Group
Pennsylvania
$31K -$47.2K -9,979 -61%
Fifth Third Bancorp
65
Fifth Third Bancorp
Ohio
$30K -$16.9K -3,575 -36%
Creative Planning
66
Creative Planning
Kansas
$24K -$16.1K -3,400 -40%
DADC
67
D.A. Davidson & Co
Montana
$18K – – –
GWM
68
Geneos Wealth Management
Colorado
$18K – – –
US Bancorp
69
US Bancorp
Minnesota
$16K – – –
TCM
70
Tradewinds Capital Management
Washington
$15K – – –
WP
71
WealthPLAN Partners
Nebraska
$11.9K +$11.9K +2,522 New
Citigroup
72
Citigroup
New York
$11K +$6.98K +1,477 +173%
DAM
73
Delta Asset Management
Tennessee
$10K – – –
KKAMG
74
Kernodle & Katon Asset Management Group
Arkansas
$7K -$7.09K -1,500 -50%
AC
75
Alexandria Capital
Virginia
$7K – – –
1 2
3
4

PPT Hedge Fund Activity: Q2 2016 in Review

83 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Franklin Premier Income Trust (PPT) for Q2 2016, worth a combined $165M — down 12% from $188M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new PPT positions and 11 closed out — a net gain of 1 holder — while 17 added to existing stakes and 25 trimmed.

The largest buyer was Sit Investment Associates, adding an estimated $8.86M. The largest seller was Wells Fargo, cutting an estimated $13.2M.

  • 83 institutional investors held Franklin Premier Income Trust (PPT) as of Q2 2016, up from 82 in Q1 2016.
  • Funds reported $165M of Franklin Premier Income Trust stock for Q2 2016, down 12% quarter-over-quarter.
  • 12 funds opened new Franklin Premier Income Trust positions in Q2 2016 and 11 closed out, a net change of +1 holder.
  • The largest Franklin Premier Income Trust buyer in Q2 2016 was Sit Investment Associates, an estimated $8.86M added.
  • The largest Franklin Premier Income Trust seller in Q2 2016 was Wells Fargo, an estimated $13.2M sold.

Based on aggregated 13F filings for Q2 2016.