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PPT

Franklin Premier Income Trust
PPT

88 hedge funds and large institutions have $81.7M invested in Franklin Premier Income Trust in 2017 Q3 according to their latest regulatory filings, with 21 funds opening new positions, 29 increasing their positions, 15 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

163% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 8

93% more repeat investments, than reductions

Existing positions increased: 29 | Existing positions reduced: 15

13% more funds holding

Funds holding: 78 → 88 (+10)

0.53% less ownership

Funds ownership: 13.05% → 12.52% (-0.53%)

5% less capital invested

Capital invested by funds: $86M → $81.7M (-$4.32M)

Holders
88
Holders Change
+10
Holders Change %
+12.82%
% of All Funds
2.19%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
21
Increased
29
Reduced
15
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
LCM
Laurion Capital Management
New York
+$1.57M
2
CIBC Private Wealth Group
CIBC Private Wealth Group
Georgia
+$1.08M
3
Bank of America
Bank of America
North Carolina
+$670K
4
Wells Fargo
Wells Fargo
California
+$640K
5
VF
Virtu Financial
New York
+$562K

Top Sellers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
-$7.55M
2
SRC
Shufro Rose & Co
New York
-$807K
3
Morgan Stanley
Morgan Stanley
New York
-$798K
4
PPA
Parametric Portfolio Associates
Washington
-$532K
5
OIA
OneDigital Investment Advisors
Kansas
-$250K
Name Holding Trade Value Shares
Change 		Change in
Stake
Citigroup
51
Citigroup
New York
$100K +$20.9K +3,878 +26%
AFNAS
52
American Financial Network Advisory Services
California
$92K +$92.8K +17,227 New
PPA
53
Parametric Portfolio Associates
Washington
$90K -$532K -98,856 -85%
CHAM
54
Clear Harbor Asset Management
Connecticut
$87K – – –
AF
55
Allworth Financial
California
$80K – – –
PTC
56
Philadelphia Trust Company
Pennsylvania
$79K +$23.1K +4,284 +40%
CWM
57
Circle Wealth Management
New Jersey
$68K +$68.4K +12,700 New
Millennium Management
58
Millennium Management
New York
$65K +$65.5K +12,161 New
Bank of New York Mellon
59
Bank of New York Mellon
New York
$62K -$23.7K -4,403 -28%
M&T Bank
60
M&T Bank
New York
$62K -$1.81K -337 -3%
IA
61
IFP Advisors
Florida
$59K – – –
PAG
62
Private Advisor Group
New Jersey
$59K +$59.9K +11,129 New
BKA
63
Brick & Kyle Associates
Pennsylvania
$58K – – –
TSS
64
Two Sigma Securities
New York
$57K +$57.8K +10,729 New
William Blair & Company
65
William Blair & Company
Illinois
$53K – – –
BWL
66
Bogart Wealth LLC
Virginia
$49K +$49.9K +9,257 New
SIC
67
Salem Investment Counselors
North Carolina
$26K – – –
WAP
68
Wealthcare Advisory Partners
Pennsylvania
$22K +$22.1K +4,111 New
US Bancorp
69
US Bancorp
Minnesota
$21K -$11.7K -2,179 -36%
GWM
70
Geneos Wealth Management
Colorado
$18K – – –
TCM
71
Tradewinds Capital Management
Washington
$17K – – –
SPIA
72
Steward Partners Investment Advisory
New York
$16K -$3.1K -575 -16%
CCM
73
Cribstone Capital Management
Maine
$15K – – –
TRCT
74
Tower Research Capital (TRC)
New York
$15K +$14.8K +2,753 New
DAM
75
Delta Asset Management
Tennessee
$11K – – –
1 2
3
4

PPT Hedge Fund Activity: Q3 2017 in Review

88 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Franklin Premier Income Trust (PPT) for Q3 2017, worth a combined $81.7M — down 5% from $86M a quarter earlier.

Buyers outnumbered sellers: 21 funds opened new PPT positions and 8 closed out — a net gain of 13 holders — while 29 added to existing stakes and 15 trimmed.

The largest buyer was Laurion Capital Management, opening a new position worth an estimated $1.57M. The largest seller was Sit Investment Associates, cutting an estimated $7.55M.

  • 88 institutional investors held Franklin Premier Income Trust (PPT) as of Q3 2017, up from 78 in Q2 2017.
  • Funds reported $81.7M of Franklin Premier Income Trust stock for Q3 2017, down 5% quarter-over-quarter.
  • 21 funds opened new Franklin Premier Income Trust positions in Q3 2017 and 8 closed out, a net change of +13 holders.
  • The largest Franklin Premier Income Trust buyer in Q3 2017 was Laurion Capital Management, an estimated $1.57M added.
  • The largest Franklin Premier Income Trust seller in Q3 2017 was Sit Investment Associates, an estimated $7.55M sold.

Based on aggregated 13F filings for Q3 2017.