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PPT

Franklin Premier Income Trust
PPT

78 hedge funds and large institutions have $86M invested in Franklin Premier Income Trust in 2017 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 21 increasing their positions, 20 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

27% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 11

3% more funds holding

Funds holding: 76 → 78 (+2)

5% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 20

4.17% less ownership

Funds ownership: 17.23% → 13.05% (-4.2%)

22% less capital invested

Capital invested by funds: $110M → $86M (-$24.1M)

Holders
78
Holders Change
+2
Holders Change %
+2.63%
% of All Funds
1.94%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
14
Increased
21
Reduced
20
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$1.94M
2
ACM
Arlington Capital Management
Illinois
+$750K
3
PPA
Parametric Portfolio Associates
Washington
+$608K
4
SCM
Sterneck Capital Management
Missouri
+$572K
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$528K

Top Sellers

Rank Fund Capital Flow
1
EVM
Eaton Vance Management
Massachusetts
-$10.4M
2
SIA
Sit Investment Associates
Minnesota
-$7.11M
3
PAIM
Punch & Associates Investment Management
Minnesota
-$4.88M
4
RCM
Rivernorth Capital Management
Florida
-$3.74M
5
Wells Fargo
Wells Fargo
California
-$1.35M
Name Holding Trade Value Shares
Change 		Change in
Stake
Citigroup
51
Citigroup
New York
$81K -$90.7K -17,278 -54%
AF
52
Allworth Financial
California
$81K – – –
M&T Bank
53
M&T Bank
New York
$65K +$63.3K +12,061 New
IA
54
IFP Advisors
Florida
$60K +$52.5K +10,000 +989%
BKA
55
Brick & Kyle Associates
Pennsylvania
$59K – – –
PTC
56
Philadelphia Trust Company
Pennsylvania
$58K – – –
William Blair & Company
57
William Blair & Company
Illinois
$54K -$4.91K -936 -9%
Creative Planning
58
Creative Planning
Kansas
$44K -$5.98K -1,139 -12%
US Bancorp
59
US Bancorp
Minnesota
$33K -$4.79K -913 -13%
DADC
60
D.A. Davidson & Co
Montana
$27K +$26.2K +5,000 New
SIC
61
Salem Investment Counselors
North Carolina
$26K – – –
SPIA
62
Steward Partners Investment Advisory
New York
$19K -$45.2K -8,615 -71%
GWM
63
Geneos Wealth Management
Colorado
$18K – – –
TCM
64
Tradewinds Capital Management
Washington
$17K – – –
CCM
65
Cribstone Capital Management
Maine
$16K – – –
PCM
66
Penserra Capital Management
California
$16K +$777 +148 +5%
Fifth Third Bancorp
67
Fifth Third Bancorp
Ohio
$11K -$5.53K -1,053 -35%
DAM
68
Delta Asset Management
Tennessee
$11K – – –
SFSIG
69
San Francisco Sentry Investment Group
California
$8K – – –
HCM
70
Highlander Capital Management
New Jersey
$7K – – –
Northwestern Mutual Wealth Management
71
Northwestern Mutual Wealth Management
Wisconsin
$7K +$6.82K +1,300 New
DSC
72
Duncker Streett & Co
Missouri
$6K – – –
AIM
73
Anchor Investment Management
South Carolina
$5.43K – – –
CHC
74
City Holding Co
West Virginia
$5K – – –
NFG
75
Next Financial Group
Texas
$5K +$5.25K +1,000 New
1 2
3
4

PPT Hedge Fund Activity: Q2 2017 in Review

78 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Franklin Premier Income Trust (PPT) for Q2 2017, worth a combined $86M — down 22% from $110M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new PPT positions and 11 closed out — a net gain of 3 holders — while 21 added to existing stakes and 20 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $1.94M. The largest seller was Eaton Vance Management, exiting entirely with an estimated $10.4M sold.

  • 78 institutional investors held Franklin Premier Income Trust (PPT) as of Q2 2017, up from 76 in Q1 2017.
  • Funds reported $86M of Franklin Premier Income Trust stock for Q2 2017, down 22% quarter-over-quarter.
  • 14 funds opened new Franklin Premier Income Trust positions in Q2 2017 and 11 closed out, a net change of +3 holders.
  • The largest Franklin Premier Income Trust buyer in Q2 2017 was Morgan Stanley, an estimated $1.94M added.
  • The largest Franklin Premier Income Trust seller in Q2 2017 was Eaton Vance Management, an estimated $10.4M sold.

Based on aggregated 13F filings for Q2 2017.