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PPT

Franklin Premier Income Trust
PPT

80 hedge funds and large institutions have $164M invested in Franklin Premier Income Trust in 2014 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 24 increasing their positions, 20 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

20% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 20

16% more capital invested

Capital invested by funds: $142M → $164M (+$22M)

2.95% more ownership

Funds ownership: 19.64% → 22.59% (+2.9%)

1% less funds holding

Funds holding: 81 → 80 (-1)

10% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 10

Holders
80
Holders Change
-1
Holders Change %
-1.23%
% of All Funds
2.31%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
9
Increased
24
Reduced
20
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$13.7M
2
SIA
Sit Investment Associates
Minnesota
+$3.9M
3
COLIM
City of London Investment Management
United Kingdom
+$990K
4
RVP
Relative Value Partners
Illinois
+$963K
5
RC
Roundview Capital
New Jersey
+$796K

Top Sellers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
-$856K
2
Barclays
Barclays
United Kingdom
-$775K
3
SG Americas Securities
SG Americas Securities
New York
-$734K
4
RCM
Rivernorth Capital Management
Florida
-$671K
5
Goldman Sachs
Goldman Sachs
New York
-$503K
Name Holding Trade Value Shares
Change 		Change in
Stake
AAM
76
Advisors Asset Management
Colorado
$5K -$235 -43 -4%
Bank of Montreal
77
Bank of Montreal
Ontario, Canada
$3K -$20.2K -3,700 -88%
LFR
78
Lehman Financial Resources
Pennsylvania
$3K +$3.06K +560 New
First Manhattan
79
First Manhattan
New York
$2K – – –
CFA
80
Carroll Financial Associates
North Carolina
$1K +$760 +139 New
Barclays
81
Barclays
United Kingdom
– -$775K -154,917 Closed
SG Americas Securities
82
SG Americas Securities
New York
– -$734K -134,836 Closed
VKH
83
Virtu KCG Holdings
New York
– -$243K -44,686 Closed
TRCT
84
Tower Research Capital (TRC)
New York
– -$121K -22,158 Closed
CA
85
Cornerstone Advisors
North Carolina
– -$113K -20,822 Closed
1SB
86
1ST Source Bank
Indiana
– -$88K -16,221 Closed
Northwestern Mutual Wealth Management
87
Northwestern Mutual Wealth Management
Wisconsin
– -$70K -12,800 Closed
CAPTRUST Financial Advisors
88
CAPTRUST Financial Advisors
North Carolina
– -$14K -2,600 Closed
PWAG
89
Polaris Wealth Advisory Group
California
– -$10K -1,875 Closed
QCMC
90
Quantum Capital Management (California)
California
– -$5K -900 Closed
1 2 3
4

PPT Hedge Fund Activity: Q1 2014 in Review

80 of the 3,464 institutional investors tracked by Wall St. Rank reported a position in Franklin Premier Income Trust (PPT) for Q1 2014, worth a combined $164M — up 16% from $142M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of PPT and 9 opened new positions — a net loss of 1 holder — while 20 trimmed existing stakes and 24 added.

The largest buyer was Saba Capital Management, adding an estimated $13.7M. The largest seller was Guggenheim Capital, cutting an estimated $856K.

  • 80 institutional investors held Franklin Premier Income Trust (PPT) as of Q1 2014, down from 81 in Q4 2013.
  • Funds reported $164M of Franklin Premier Income Trust stock for Q1 2014, up 16% quarter-over-quarter.
  • 9 funds opened new Franklin Premier Income Trust positions in Q1 2014 and 10 closed out, a net change of -1 holder.
  • The largest Franklin Premier Income Trust buyer in Q1 2014 was Saba Capital Management, an estimated $13.7M added.
  • The largest Franklin Premier Income Trust seller in Q1 2014 was Guggenheim Capital, an estimated $856K sold.

Based on aggregated 13F filings for Q1 2014.