Franklin Premier Income Trust
PPT
69 hedge funds and large institutions have $114M invested in Franklin Premier Income Trust in 2013 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 20 increasing their positions, 23 reducing their positions, and 9 closing their positions.
9% more capital invested
Capital invested by funds: $105M → $114M (+$9.48M)
1.63% more ownership
Funds ownership: 13.66% → 15.29% (+1.6%)
3% less funds holding
Funds holding: 71 → 69 (-2)
13% less repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 23
22% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 9
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RVP
Relative Value Partners
Northbrook,
Illinois
|
+$7.17M |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$5.65M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$5.65M |
| 4 |
SCM
Saba Capital Management
New York
|
+$2.18M |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$761K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NCM
Newgate Capital Management
Greenwich,
Connecticut
|
-$6.8M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$1.46M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$958K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$957K |
| 5 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$938K |
PPT Hedge Fund Activity: Q3 2013 in Review
69 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Franklin Premier Income Trust (PPT) for Q3 2013, worth a combined $114M — up 9.1% from $105M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of PPT and 7 opened new positions — a net loss of 2 holders — while 23 trimmed existing stakes and 20 added.
The largest buyer was Relative Value Partners, adding an estimated $7.17M. The largest seller was Newgate Capital Management, cutting an estimated $6.8M.
- 69 institutional investors held Franklin Premier Income Trust (PPT) as of Q3 2013, down from 71 in Q2 2013.
- Funds reported $114M of Franklin Premier Income Trust stock for Q3 2013, up 9.1% quarter-over-quarter.
- 7 funds opened new Franklin Premier Income Trust positions in Q3 2013 and 9 closed out, a net change of -2 holders.
- The largest Franklin Premier Income Trust buyer in Q3 2013 was Relative Value Partners, an estimated $7.17M added.
- The largest Franklin Premier Income Trust seller in Q3 2013 was Newgate Capital Management, an estimated $6.8M sold.
Based on aggregated 13F filings for Q3 2013.