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PPT

Franklin Premier Income Trust
PPT

77 hedge funds and large institutions have $164M invested in Franklin Premier Income Trust in 2016 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 21 increasing their positions, 21 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 21

0% less capital invested

Capital invested by funds: $165M → $164M (-$542K)

1.23% less ownership

Funds ownership: 28.78% → 27.55% (-1.2%)

7% less funds holding

Funds holding: 83 → 77 (-6)

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

71% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 7

Holders
77
Holders Change
-6
Holders Change %
-7.23%
% of All Funds
2.05%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.03%
New
2
Increased
21
Reduced
21
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$7.88M
2
Morgan Stanley
Morgan Stanley
New York
+$5.21M
3
Invesco
Invesco
Georgia
+$735K
4
TAM
Trust Asset Management
Texas
+$649K
5
ACM
Arlington Capital Management
Illinois
+$311K

Top Sellers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
-$9.81M
2
RVPG
Relative Value Partners Group
-$3.69M
3
SCM
Saba Capital Management
New York
-$3.59M
4
SIA
Sit Investment Associates
Minnesota
-$2.76M
5
LCM
Landscape Capital Management
New Jersey
-$676K
Name Holding Trade Value Shares
Change 		Change in
Stake
PAG
51
Private Advisor Group
New Jersey
$53K -$366 -76 -0.7%
BKA
52
Brick & Kyle Associates
Pennsylvania
$53K – – –
LTFS
53
Ladenburg Thalmann Financial Services
Florida
$53K +$1.79K +371 +4%
Baird Financial Group
54
Baird Financial Group
Wisconsin
$52K – – –
HighTower Advisors
55
HighTower Advisors
Illinois
$51K +$540 +112 +1%
IT
56
Independence Trust
Tennessee
$50K – – –
TJHA
57
Thomas J. Herzfeld Advisors
Florida
$41K -$178K -36,860 -81%
Fifth Third Bancorp
58
Fifth Third Bancorp
Ohio
$31K – – –
Creative Planning
59
Creative Planning
Kansas
$30K +$4.82K +1,000 +19%
PNC Financial Services Group
60
PNC Financial Services Group
Pennsylvania
$22K -$9.57K -1,985 -30%
DADC
61
D.A. Davidson & Co
Montana
$19K – – –
GWM
62
Geneos Wealth Management
Colorado
$18K – – –
US Bancorp
63
US Bancorp
Minnesota
$17K – – –
TCM
64
Tradewinds Capital Management
Washington
$15K – – –
WP
65
WealthPLAN Partners
Nebraska
$12.2K – – –
DAM
66
Delta Asset Management
Tennessee
$10K – – –
PCM
67
Penserra Capital Management
California
$8K +$2.67K +554 +49%
AG
68
Advisor Group
Arizona
$7K – – –
AC
69
Alexandria Capital
Virginia
$7K – – –
KKAMG
70
Kernodle & Katon Asset Management Group
Arkansas
$7K – – –
DSC
71
Duncker Streett & Co
Missouri
$6K – – –
HCM
72
Highlander Capital Management
New Jersey
$6K – – –
Citigroup
73
Citigroup
New York
$5K -$6.52K -1,353 -58%
SEI Investments
74
SEI Investments
Pennsylvania
$5K +$3.03K +628 +199%
AIM
75
Anchor Investment Management
South Carolina
$4.89K – – –
1 2
3
4

PPT Hedge Fund Activity: Q3 2016 in Review

77 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Franklin Premier Income Trust (PPT) for Q3 2016, worth a combined $164M — down 0.33% from $165M a quarter earlier.

Sellers outnumbered buyers: 7 funds closed out of PPT and 2 opened new positions — a net loss of 5 holders — while 21 trimmed existing stakes and 21 added.

The largest buyer was Rivernorth Capital Management, adding an estimated $7.88M. The largest seller was Wells Fargo, cutting an estimated $9.81M.

  • 77 institutional investors held Franklin Premier Income Trust (PPT) as of Q3 2016, down from 83 in Q2 2016.
  • Funds reported $164M of Franklin Premier Income Trust stock for Q3 2016, down 0.33% quarter-over-quarter.
  • 2 funds opened new Franklin Premier Income Trust positions in Q3 2016 and 7 closed out, a net change of -5 holders.
  • The largest Franklin Premier Income Trust buyer in Q3 2016 was Rivernorth Capital Management, an estimated $7.88M added.
  • The largest Franklin Premier Income Trust seller in Q3 2016 was Wells Fargo, an estimated $9.81M sold.

Based on aggregated 13F filings for Q3 2016.