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PPT

Franklin Premier Income Trust
PPT

82 hedge funds and large institutions have $188M invested in Franklin Premier Income Trust in 2016 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 19 increasing their positions, 23 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

12% more capital invested

Capital invested by funds: $168M → $188M (+$20.4M)

4.59% more ownership

Funds ownership: 27.88% → 32.46% (+4.6%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

10% less funds holding

Funds holding: 91 → 82 (-9)

17% less repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 23

57% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 14

Holders
82
Holders Change
-9
Holders Change %
-9.89%
% of All Funds
2.18%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
6
Increased
19
Reduced
23
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
+$23.8M
2
SIA
Sit Investment Associates
Minnesota
+$4.27M
3
1CP
1607 Capital Partners
Virginia
+$867K
4
Bank of America
Bank of America
North Carolina
+$721K
5
Cohen & Steers
Cohen & Steers
New York
+$458K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$1.02M
2
SCM
Saba Capital Management
New York
-$766K
3
SRC
Shufro Rose & Co
New York
-$638K
4
UBS Group
UBS Group
Switzerland
-$510K
5
Invesco
Invesco
Georgia
-$395K
Name Holding Trade Value Shares
Change 		Change in
Stake
DSC
76
Duncker Streett & Co
Missouri
$5K – – –
AIM
77
Anchor Investment Management
South Carolina
$4.74K +$4.67K +1,000 New
Citigroup
78
Citigroup
New York
$4K -$7.95K -1,703 -67%
AAM
79
Advisors Asset Management
Colorado
$4K – – –
MFW
80
Mosaic Family Wealth
Missouri
$3K – – –
HR
81
Howe & Rusling
New York
$2K – – –
AIG
82
American International Group
New York
$1K – – –
SEI Investments
83
SEI Investments
Pennsylvania
$1K – – –
ADL
84
Asset Dedication LLC
California
$1K +$23 +5 +2%
PCM
85
Penserra Capital Management
California
$5 -$1.58K -339 -21%
WAM
86
Weiss Asset Management
Massachusetts
– -$189K -38,196 Closed
SG Americas Securities
87
SG Americas Securities
New York
– -$170K -34,257 Closed
Goldman Sachs
88
Goldman Sachs
New York
– -$130K -26,189 Closed
Citadel Advisors
89
Citadel Advisors
Florida
– -$127K -25,616 Closed
CS
90
Credit Suisse
Switzerland
– -$124K -25,000 Closed
DA
91
Doliver Advisors
Texas
– -$103K -20,800 Closed
IA
92
IFP Advisors
Florida
– -$97K -19,511 Closed
Squarepoint
93
Squarepoint
New York
– -$63K -12,800 Closed
AIA
94
Allegis Investment Advisors
Idaho
– -$9K -1,915 Closed
Bessemer Group
95
Bessemer Group
New Jersey
– -$6K -1,211 Closed
CG
96
Colony Group
Massachusetts
– -$5K -1,000 Closed
CGT
97
Capital Guardian Trust
California
– -$2K -395 Closed
1 2 3
4

PPT Hedge Fund Activity: Q1 2016 in Review

82 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Franklin Premier Income Trust (PPT) for Q1 2016, worth a combined $188M — up 12% from $168M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of PPT and 6 opened new positions — a net loss of 8 holders — while 23 trimmed existing stakes and 19 added.

The largest buyer was Wells Fargo, adding an estimated $23.8M. The largest seller was Morgan Stanley, cutting an estimated $1.02M.

  • 82 institutional investors held Franklin Premier Income Trust (PPT) as of Q1 2016, down from 91 in Q4 2015.
  • Funds reported $188M of Franklin Premier Income Trust stock for Q1 2016, up 12% quarter-over-quarter.
  • 6 funds opened new Franklin Premier Income Trust positions in Q1 2016 and 14 closed out, a net change of -8 holders.
  • The largest Franklin Premier Income Trust buyer in Q1 2016 was Wells Fargo, an estimated $23.8M added.
  • The largest Franklin Premier Income Trust seller in Q1 2016 was Morgan Stanley, an estimated $1.02M sold.

Based on aggregated 13F filings for Q1 2016.