Franklin Premier Income Trust
PPT
80 hedge funds and large institutions have $183M invested in Franklin Premier Income Trust in 2014 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 30 increasing their positions, 18 reducing their positions, and 7 closing their positions.
67% more repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 18
12% more capital invested
Capital invested by funds: $164M → $183M (+$19.3M)
2.56% more ownership
Funds ownership: 22.59% → 25.15% (+2.6%)
0% more funds holding
Funds holding: 80 → 80 (0)
0% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$6.94M |
| 2 |
SCM
Saba Capital Management
New York
|
+$3.78M |
| 3 |
RVP
Relative Value Partners
Northbrook,
Illinois
|
+$3.75M |
| 4 |
Morgan Stanley
New York
|
+$1.02M |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$972K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$780K |
| 2 |
FAAS
First Allied Advisory Services
San Diego,
California
|
-$593K |
| 3 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$404K |
| 4 |
Citigroup
New York
|
-$348K |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$332K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Bank of Montreal
Toronto,
Ontario, Canada
| $3K | – | – | – |
|
|
LFR
77
Lehman Financial Resources
Media,
Pennsylvania
| $3K | +$39 | +7 | +1% |
|
78
First Manhattan
New York
| $2K | – | – | – |
|
|
CFA
79
Carroll Financial Associates
Charlotte,
North Carolina
| $1K | – | – | – |
|
|
TC
80
TFS Capital
West Chester,
Pennsylvania
| – | -$404K | -73,126 | Closed |
|
|
SFS
81
Shaker Financial Services
Arlington,
Virginia
| – | -$332K | -60,000 | Closed |
|
|
HK
82
Horizon Kinetics
New York
| – | -$94K | -17,088 | Closed |
|
83
Citadel Advisors
Miami,
Florida
| – | -$85K | -15,346 | Closed |
|
|
AF
84
Allworth Financial
Folsom,
California
| – | -$83K | -14,952 | Closed |
|
|
PAG
85
Private Advisor Group
Morristown,
New Jersey
| – | -$62K | -11,284 | Closed |
|
|
PP
86
Paloma Partners
Greenwich,
Connecticut
| – | -$57K | -10,242 | Closed |
|
87
Barclays
London,
United Kingdom
| – | +$166 | +30 | New |
|
PPT Hedge Fund Activity: Q2 2014 in Review
80 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Franklin Premier Income Trust (PPT) for Q2 2014, worth a combined $183M — up 12% from $164M a quarter earlier.
Fund positioning in PPT was balanced in Q2 2014: 7 funds opened new positions, 7 closed out, 30 added to existing stakes and 18 trimmed.
The largest buyer was 1607 Capital Partners, adding an estimated $6.94M. The largest seller was Guggenheim Capital, cutting an estimated $780K.
- 80 institutional investors held Franklin Premier Income Trust (PPT) as of Q2 2014, unchanged from Q1 2014.
- Funds reported $183M of Franklin Premier Income Trust stock for Q2 2014, up 12% quarter-over-quarter.
- 7 funds opened new Franklin Premier Income Trust positions in Q2 2014 and 7 closed out, a net change of 0 holders.
- The largest Franklin Premier Income Trust buyer in Q2 2014 was 1607 Capital Partners, an estimated $6.94M added.
- The largest Franklin Premier Income Trust seller in Q2 2014 was Guggenheim Capital, an estimated $780K sold.
Based on aggregated 13F filings for Q2 2014.