Franklin Premier Income Trust
PPT
77 hedge funds and large institutions have $164M invested in Franklin Premier Income Trust in 2016 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 21 increasing their positions, 21 reducing their positions, and 7 closing their positions.
0% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 21
0% less capital invested
Capital invested by funds: $165M → $164M (-$542K)
1.23% less ownership
Funds ownership: 28.78% → 27.55% (-1.2%)
7% less funds holding
Funds holding: 83 → 77 (-6)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
71% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$7.88M |
| 2 |
Morgan Stanley
New York
|
+$5.21M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$735K |
| 4 |
TAM
Trust Asset Management
Houston,
Texas
|
+$649K |
| 5 |
ACM
Arlington Capital Management
Arlington Heights,
Illinois
|
+$311K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$9.81M |
| 2 |
RVPG
Relative Value Partners Group
|
-$3.69M |
| 3 |
SCM
Saba Capital Management
New York
|
-$3.59M |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$2.76M |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$676K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AAM
76
Advisors Asset Management
Monument,
Colorado
| $4K | -$121 | -25 | -3% |
|
|
MFW
77
Mosaic Family Wealth
St. Louis,
Missouri
| $4K | – | – | – |
|
|
CHP
78
Cable Hill Partners
Portland,
Oregon
| $3K | +$2.86K | +593 | New |
|
|
ADL
79
Asset Dedication LLC
San Francisco,
California
| $1K | +$24 | +5 | +2% |
|
|
TCM
80
Texan Capital Management
Houston,
Texas
| – | -$270K | -57,350 | Closed |
|
|
DA
81
Doliver Advisors
Houston,
Texas
| – | -$174K | -37,032 | Closed |
|
|
TSS
82
Two Sigma Securities
New York
| – | -$163K | -34,777 | Closed |
|
83
Citadel Advisors
Miami,
Florida
| – | -$102K | -21,751 | Closed |
|
|
CAM
84
Columbia Asset Management
Ann Arbor,
Michigan
| – | -$94K | -20,000 | Closed |
|
|
HCM
85
Hollencrest Capital Management
Newport Beach,
California
| – | -$71K | -15,051 | Closed |
|
|
BFEC
86
Benjamin F. Edwards & Company
St. Louis,
Missouri
| – | -$4K | -789 | Closed |
|
PPT Hedge Fund Activity: Q3 2016 in Review
77 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Franklin Premier Income Trust (PPT) for Q3 2016, worth a combined $164M — down 0.33% from $165M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of PPT and 2 opened new positions — a net loss of 5 holders — while 21 trimmed existing stakes and 21 added.
The largest buyer was Rivernorth Capital Management, adding an estimated $7.88M. The largest seller was Wells Fargo, cutting an estimated $9.81M.
- 77 institutional investors held Franklin Premier Income Trust (PPT) as of Q3 2016, down from 83 in Q2 2016.
- Funds reported $164M of Franklin Premier Income Trust stock for Q3 2016, down 0.33% quarter-over-quarter.
- 2 funds opened new Franklin Premier Income Trust positions in Q3 2016 and 7 closed out, a net change of -5 holders.
- The largest Franklin Premier Income Trust buyer in Q3 2016 was Rivernorth Capital Management, an estimated $7.88M added.
- The largest Franklin Premier Income Trust seller in Q3 2016 was Wells Fargo, an estimated $9.81M sold.
Based on aggregated 13F filings for Q3 2016.