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PPT

Franklin Premier Income Trust
PPT

81 hedge funds and large institutions have $142M invested in Franklin Premier Income Trust in 2013 Q4 according to their latest regulatory filings, with 22 funds opening new positions, 19 increasing their positions, 26 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

120% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 10

24% more capital invested

Capital invested by funds: $114M → $142M (+$27.8M)

17% more funds holding

Funds holding: 69 → 81 (+12)

4.35% more ownership

Funds ownership: 15.29% → 19.64% (+4.3%)

27% less repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 26

Holders
81
Holders Change
+12
Holders Change %
+17.39%
% of All Funds
2.35%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
22
Increased
19
Reduced
26
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$13.5M
2
1CP
1607 Capital Partners
Virginia
+$7.89M
3
SIA
Sit Investment Associates
Minnesota
+$5.25M
4
RVP
Relative Value Partners
Illinois
+$2.73M
5
RCM
Rivernorth Capital Management
Florida
+$2.04M

Top Sellers

Rank Fund Capital Flow
1
NCM
Newgate Capital Management
Connecticut
-$8.33M
2
Morgan Stanley
Morgan Stanley
New York
-$1.23M
3
GC
Guggenheim Capital
Illinois
-$1.21M
4
Invesco
Invesco
Georgia
-$1.13M
5
CA
Cornerstone Advisors
North Carolina
-$890K
Name Holding Trade Value Shares
Change 		Change in
Stake
AAM
76
Advisors Asset Management
Colorado
$6K -$102 -19 -2%
QCMC
77
Quantum Capital Management (California)
California
$5K +$4.84K +900 New
CG
78
Colony Group
Massachusetts
$5K +$5.38K +1,000 New
Creative Planning
79
Creative Planning
Kansas
$3K -$4.25K -790 -60%
First Manhattan
80
First Manhattan
New York
$2K – – –
AIG
81
American International Group
New York
$816 -$134K -25,000 -99%
NCM
82
Newgate Capital Management
Connecticut
– -$8.33M -1,583,802 Closed
DA
83
Doliver Advisors
Texas
– -$375K -71,325 Closed
Nomura Holdings
84
Nomura Holdings
Japan
– -$228K -43,331 Closed
SHWM
85
Smith & Howard Wealth Management
Georgia
– -$145K -27,556 Closed
WJA
86
Williams Jones & Associates
New York
– -$127K -24,070 Closed
Ameriprise
87
Ameriprise
Minnesota
– -$84K -16,030 Closed
Citadel Advisors
88
Citadel Advisors
Florida
– -$78K -14,783 Closed
Deutsche Bank
89
Deutsche Bank
Germany
– -$75K -14,400 Closed
PMG
90
ProVise Management Group
Florida
– -$74K -14,060 Closed
1 2 3
4

PPT Hedge Fund Activity: Q4 2013 in Review

81 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Franklin Premier Income Trust (PPT) for Q4 2013, worth a combined $142M — up 24% from $114M a quarter earlier.

Buyers outnumbered sellers: 22 funds opened new PPT positions and 10 closed out — a net gain of 12 holders — while 19 added to existing stakes and 26 trimmed.

The largest buyer was Saba Capital Management, adding an estimated $13.5M. The largest seller was Newgate Capital Management, exiting entirely with an estimated $8.33M sold.

  • 81 institutional investors held Franklin Premier Income Trust (PPT) as of Q4 2013, up from 69 in Q3 2013.
  • Funds reported $142M of Franklin Premier Income Trust stock for Q4 2013, up 24% quarter-over-quarter.
  • 22 funds opened new Franklin Premier Income Trust positions in Q4 2013 and 10 closed out, a net change of +12 holders.
  • The largest Franklin Premier Income Trust buyer in Q4 2013 was Saba Capital Management, an estimated $13.5M added.
  • The largest Franklin Premier Income Trust seller in Q4 2013 was Newgate Capital Management, an estimated $8.33M sold.

Based on aggregated 13F filings for Q4 2013.