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PPT

Franklin Premier Income Trust
PPT

102 hedge funds and large institutions have $78.3M invested in Franklin Premier Income Trust in 2019 Q2 according to their latest regulatory filings, with 17 funds opening new positions, 22 increasing their positions, 31 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

89% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 9

7% more funds holding

Funds holding: 95 → 102 (+7)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

2.33% less ownership

Funds ownership: 17.12% → 14.79% (-2.3%)

14% less capital invested

Capital invested by funds: $91M → $78.3M (-$12.7M)

29% less repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 31

Holders
102
Holders Change
+7
Holders Change %
+7.37%
% of All Funds
2.21%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
17
Increased
22
Reduced
31
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RJA
Raymond James & Associates
Florida
+$880K
2
CIBC Private Wealth Group
CIBC Private Wealth Group
Georgia
+$412K
3
BRWA
B. Riley Wealth Advisors
Florida
+$353K
4
Northwestern Mutual Wealth Management
Northwestern Mutual Wealth Management
Wisconsin
+$272K
5
CFG
Citizens Financial Group
Rhode Island
+$245K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$9.13M
2
SIA
Sit Investment Associates
Minnesota
-$2.94M
3
Invesco
Invesco
Georgia
-$769K
4
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
-$609K
5
Bank of America
Bank of America
North Carolina
-$355K
Name Holding Trade Value Shares
Change 		Change in
Stake
PNC Financial Services Group
51
PNC Financial Services Group
Pennsylvania
$102K – – –
LTFS
52
Ladenburg Thalmann Financial Services
Florida
$88K -$8.67K -1,686 -9%
OC
53
Oppenheimer & Co
New York
$88K +$4.63K +900 +6%
APA
54
American Portfolios Advisors
New York
$85.2K – – –
CCFM
55
Clear Creek Financial Management
Washington
$85K +$84.9K +16,519 New
AF
56
Allworth Financial
California
$79K +$1.6K +312 +2%
PAG
57
Pinnacle Advisory Group
Maryland
$78K – – –
CWS
58
Cypress Wealth Services
California
$77K – – –
HF
59
HRT Financial
New York
$75K +$75.8K +14,745 New
Creative Planning
60
Creative Planning
Kansas
$72K -$60.9K -11,851 -46%
LPL Financial
61
LPL Financial
California
$72K -$11.4K -2,218 -14%
BTS
62
BB&T Securities
Virginia
$66K -$5.14K -1,000 -7%
MAFM
63
Mid Atlantic Financial Management
Pennsylvania
$64K +$63.8K +12,416 New
CHAM
64
Clear Harbor Asset Management
Connecticut
$63K -$1.85K -360 -3%
KeyBank National Association
65
KeyBank National Association
Ohio
$63K +$63.6K +12,377 New
PP
66
Paloma Partners
Connecticut
$59K +$59.4K +11,557 New
GIA
67
Gladstone Institutional Advisory
Florida
$57K – – –
SMC
68
Smith, Moore & Co
Missouri
$56K – – –
GHAM
69
Gilman Hill Asset Management
Connecticut
$55K – – –
UCFA
70
United Capital Financial Advisors
Texas
$52K -$25.4K -4,935 -33%
Carson Wealth (CWM LLC)
71
Carson Wealth (CWM LLC)
Nebraska
$47K – – –
WCM
72
Whitener Capital Management
North Carolina
$39K +$1.54K +300 +4%
CL
73
CSS LLC
Illinois
$35K +$34.9K +6,782 New
SPIA
74
Steward Partners Investment Advisory
New York
$35K +$36K +7,000 New
OIA
75
Optimum Investment Advisors
Illinois
$31K – – –
1 2
3
4 5

PPT Hedge Fund Activity: Q2 2019 in Review

102 of the 4,605 institutional investors tracked by Wall St. Rank reported a position in Franklin Premier Income Trust (PPT) for Q2 2019, worth a combined $78.3M — down 14% from $91M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new PPT positions and 9 closed out — a net gain of 8 holders — while 22 added to existing stakes and 31 trimmed.

The largest buyer was Raymond James & Associates, adding an estimated $880K. The largest seller was Morgan Stanley, cutting an estimated $9.13M.

  • 102 institutional investors held Franklin Premier Income Trust (PPT) as of Q2 2019, up from 95 in Q1 2019.
  • Funds reported $78.3M of Franklin Premier Income Trust stock for Q2 2019, down 14% quarter-over-quarter.
  • 17 funds opened new Franklin Premier Income Trust positions in Q2 2019 and 9 closed out, a net change of +8 holders.
  • The largest Franklin Premier Income Trust buyer in Q2 2019 was Raymond James & Associates, an estimated $880K added.
  • The largest Franklin Premier Income Trust seller in Q2 2019 was Morgan Stanley, an estimated $9.13M sold.

Based on aggregated 13F filings for Q2 2019.