Franklin Premier Income Trust
PPT
83 hedge funds and large institutions have $165M invested in Franklin Premier Income Trust in 2016 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 17 increasing their positions, 25 reducing their positions, and 11 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
1% more funds holding
Funds holding: 82 → 83 (+1)
9% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 11
3.68% less ownership
Funds ownership: 32.46% → 28.78% (-3.7%)
12% less capital invested
Capital invested by funds: $188M → $165M (-$23.1M)
32% less repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 25
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$8.86M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.03M |
| 3 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
+$225K |
| 4 |
Invesco
Atlanta,
Georgia
|
+$212K |
| 5 |
DA
Doliver Advisors
Houston,
Texas
|
+$175K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$13.2M |
| 2 |
RVPG
Relative Value Partners Group
|
-$8.08M |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$5.44M |
| 4 |
SCM
Saba Capital Management
New York
|
-$2.76M |
| 5 |
AC
Addison Capital
Conshohocken,
Pennsylvania
|
-$757K |
PPT Hedge Fund Activity: Q2 2016 in Review
83 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Franklin Premier Income Trust (PPT) for Q2 2016, worth a combined $165M — down 12% from $188M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new PPT positions and 11 closed out — a net gain of 1 holder — while 17 added to existing stakes and 25 trimmed.
The largest buyer was Sit Investment Associates, adding an estimated $8.86M. The largest seller was Wells Fargo, cutting an estimated $13.2M.
- 83 institutional investors held Franklin Premier Income Trust (PPT) as of Q2 2016, up from 82 in Q1 2016.
- Funds reported $165M of Franklin Premier Income Trust stock for Q2 2016, down 12% quarter-over-quarter.
- 12 funds opened new Franklin Premier Income Trust positions in Q2 2016 and 11 closed out, a net change of +1 holder.
- The largest Franklin Premier Income Trust buyer in Q2 2016 was Sit Investment Associates, an estimated $8.86M added.
- The largest Franklin Premier Income Trust seller in Q2 2016 was Wells Fargo, an estimated $13.2M sold.
Based on aggregated 13F filings for Q2 2016.