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PPT

Franklin Premier Income Trust
PPT

76 hedge funds and large institutions have $110M invested in Franklin Premier Income Trust in 2017 Q1 according to their latest regulatory filings, with 19 funds opening new positions, 24 increasing their positions, 13 reducing their positions, and 21 closing their positions.

New
Increased
Maintained
Reduced
Closed

85% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 13

10% less first-time investments, than exits

New positions opened: 19 | Existing positions closed: 21

5% less funds holding

Funds holding: 80 → 76 (-4)

10.08% less ownership

Funds ownership: 27.3% → 17.23% (-10%)

34% less capital invested

Capital invested by funds: $166M → $110M (-$55.5M)

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
76
Holders Change
-4
Holders Change %
-5%
% of All Funds
1.89%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
19
Increased
24
Reduced
13
Closed
21
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$5.4M
2
Wells Fargo
Wells Fargo
California
+$5.24M
3
MML Investors Services
MML Investors Services
Massachusetts
+$1.74M
4
GA
Geneva Advisors
Illinois
+$1.19M
5
Bank of America
Bank of America
North Carolina
+$867K

Top Sellers

Rank Fund Capital Flow
1
1CP
1607 Capital Partners
Virginia
-$26.6M
2
SIA
Sit Investment Associates
Minnesota
-$23M
3
RCM
Rivernorth Capital Management
Florida
-$12.9M
4
SCM
Saba Capital Management
New York
-$9.99M
5
PAIM
Punch & Associates Investment Management
Minnesota
-$3.37M
Name Holding Trade Value Shares
Change 		Change in
Stake
SPIA
51
Steward Partners Investment Advisory
New York
$64K +$47.9K +9,190 +305%
William Blair & Company
52
William Blair & Company
Illinois
$58K +$57K +10,936 New
BKA
53
Brick & Kyle Associates
Pennsylvania
$57K – – –
PTC
54
Philadelphia Trust Company
Pennsylvania
$56K – – –
Janney Montgomery Scott
55
Janney Montgomery Scott
Pennsylvania
$56K +$55.1K +10,576 New
LTFS
56
Ladenburg Thalmann Financial Services
Florida
$55K -$1.67K -321 -3%
Creative Planning
57
Creative Planning
Kansas
$48K -$32.2K -6,177 -40%
US Bancorp
58
US Bancorp
Minnesota
$36K +$18K +3,445 +98%
SIC
59
Salem Investment Counselors
North Carolina
$25K +$7.5K +1,439 +43%
AG
60
Advisor Group
Arizona
$21K +$13.1K +2,512 +179%
GWM
61
Geneos Wealth Management
Colorado
$18K – – –
TCM
62
Tradewinds Capital Management
Washington
$17K – – –
Fifth Third Bancorp
63
Fifth Third Bancorp
Ohio
$16K – – –
PCM
64
Penserra Capital Management
California
$15K +$5.02K +963 +51%
CCM
65
Cribstone Capital Management
Maine
$15K +$14.8K +2,846 New
DAM
66
Delta Asset Management
Tennessee
$11K – – –
DSC
67
Duncker Streett & Co
Missouri
$6K – – –
HCM
68
Highlander Capital Management
New Jersey
$6K – – –
AIM
69
Anchor Investment Management
South Carolina
$5.27K – – –
CHC
70
City Holding Co
West Virginia
$5K – – –
IA
71
IFP Advisors
Florida
$5K – – –
SEI Investments
72
SEI Investments
Pennsylvania
$5K – – –
AAM
73
Advisors Asset Management
Colorado
$4K -$188 -36 -5%
MFW
74
Mosaic Family Wealth
Missouri
$4K – – –
ADL
75
Asset Dedication LLC
California
$2K +$26 +5 +2%
1 2
3
4

PPT Hedge Fund Activity: Q1 2017 in Review

76 of the 4,018 institutional investors tracked by Wall St. Rank reported a position in Franklin Premier Income Trust (PPT) for Q1 2017, worth a combined $110M — down 34% from $166M a quarter earlier.

Sellers outnumbered buyers: 21 funds closed out of PPT and 19 opened new positions — a net loss of 2 holders — while 13 trimmed existing stakes and 24 added.

The largest buyer was Morgan Stanley, adding an estimated $5.4M. The largest seller was 1607 Capital Partners, exiting entirely with an estimated $26.6M sold.

  • 76 institutional investors held Franklin Premier Income Trust (PPT) as of Q1 2017, down from 80 in Q4 2016.
  • Funds reported $110M of Franklin Premier Income Trust stock for Q1 2017, down 34% quarter-over-quarter.
  • 19 funds opened new Franklin Premier Income Trust positions in Q1 2017 and 21 closed out, a net change of -2 holders.
  • The largest Franklin Premier Income Trust buyer in Q1 2017 was Morgan Stanley, an estimated $5.4M added.
  • The largest Franklin Premier Income Trust seller in Q1 2017 was 1607 Capital Partners, an estimated $26.6M sold.

Based on aggregated 13F filings for Q1 2017.