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PPT

Franklin Premier Income Trust
PPT

99 hedge funds and large institutions have $101M invested in Franklin Premier Income Trust in 2018 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 30 increasing their positions, 28 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

7% more repeat investments, than reductions

Existing positions increased: 30 | Existing positions reduced: 28

1.73% less ownership

Funds ownership: 19.6% → 17.87% (-1.7%)

7% less funds holding

Funds holding: 106 → 99 (-7)

9% less capital invested

Capital invested by funds: $111M → $101M (-$9.75M)

40% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 15

Holders
99
Holders Change
-7
Holders Change %
-6.6%
% of All Funds
2.27%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.05%
New
9
Increased
30
Reduced
28
Closed
15
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
+$1.17M
2
Morgan Stanley
Morgan Stanley
New York
+$858K
3
RJA
Raymond James & Associates
Florida
+$777K
4
NMC
Nine Masts Capital
Hong Kong
+$555K
5
CAN
Cetera Advisor Networks
California
+$492K

Top Sellers

Rank Fund Capital Flow
1
EVM
Eaton Vance Management
Massachusetts
-$11M
2
SIA
Sit Investment Associates
Minnesota
-$3.84M
3
PPA
Parametric Portfolio Associates
Washington
-$261K
4
TJHA
Thomas J. Herzfeld Advisors
Florida
-$249K
5
SCM
Sterneck Capital Management
Missouri
-$214K
Name Holding Trade Value Shares
Change 		Change in
Stake
HK
51
Horizon Kinetics
New York
$163K -$17.7K -3,308 -10%
WS
52
Wedbush Securities
California
$151K -$1.58K -296 -1%
LA
53
LexAurum Advisors
Kansas
$136K +$1.17K +219 +0.8%
Creative Planning
54
Creative Planning
Kansas
$132K -$3.19K -597 -2%
CHAM
55
Clear Harbor Asset Management
Connecticut
$123K – – –
Northwestern Mutual Wealth Management
56
Northwestern Mutual Wealth Management
Wisconsin
$118K +$6.37K +1,193 +6%
CB
57
Commerce Bank
Missouri
$107K +$109K +20,463 New
CAM
58
Columbia Asset Management
Michigan
$105K – – –
LCM
59
Landscape Capital Management
New Jersey
$104K -$81.5K -15,265 -43%
PNC Financial Services Group
60
PNC Financial Services Group
Pennsylvania
$104K -$10.1K -1,883 -9%
Millennium Management
61
Millennium Management
New York
$100K +$102K +19,183 New
APA
62
American Portfolios Advisors
New York
$92K -$4.01K -750 -4%
WC
63
Whitney & Co
New York
$90K – – –
PAG
64
Pinnacle Advisory Group
Maryland
$79K -$1.77K -331 -2%
AF
65
Allworth Financial
California
$78K – – –
CWS
66
Cypress Wealth Services
California
$78K – – –
KIA
67
KCM Investment Advisors
California
$77K +$1.14K +214 +1%
PHS
68
Pekin Hardy Strauss
Illinois
$76K +$22.6K +4,235 +41%
PAG
69
Private Advisor Group
New Jersey
$66K +$67.7K +12,671 New
UCFA
70
United Capital Financial Advisors
Texas
$60K – – –
LWAC
71
Laurel Wealth Advisors (California)
California
$60K +$609 +114 +1%
LCM
72
Laurion Capital Management
New York
$59K +$59.8K +11,200 New
BKA
73
Brick & Kyle Associates
Pennsylvania
$57K – – –
GHAM
74
Gilman Hill Asset Management
Connecticut
$56K -$80.1K -15,000 -58%
Citigroup
75
Citigroup
New York
$54K -$16.4K -3,073 -23%
1 2
3
4 5

PPT Hedge Fund Activity: Q2 2018 in Review

99 of the 4,369 institutional investors tracked by Wall St. Rank reported a position in Franklin Premier Income Trust (PPT) for Q2 2018, worth a combined $101M — down 8.8% from $111M a quarter earlier.

Sellers outnumbered buyers: 15 funds closed out of PPT and 9 opened new positions — a net loss of 6 holders — while 28 trimmed existing stakes and 30 added.

The largest buyer was Commonwealth Equity Services, adding an estimated $1.17M. The largest seller was Eaton Vance Management, exiting entirely with an estimated $11M sold.

  • 99 institutional investors held Franklin Premier Income Trust (PPT) as of Q2 2018, down from 106 in Q1 2018.
  • Funds reported $101M of Franklin Premier Income Trust stock for Q2 2018, down 8.8% quarter-over-quarter.
  • 9 funds opened new Franklin Premier Income Trust positions in Q2 2018 and 15 closed out, a net change of -6 holders.
  • The largest Franklin Premier Income Trust buyer in Q2 2018 was Commonwealth Equity Services, an estimated $1.17M added.
  • The largest Franklin Premier Income Trust seller in Q2 2018 was Eaton Vance Management, an estimated $11M sold.

Based on aggregated 13F filings for Q2 2018.