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PPT

Franklin Premier Income Trust

76 hedge funds and large institutions have $110M invested in Franklin Premier Income Trust in 2017 Q1 according to their latest regulatory filings, with 19 funds opening new positions, 24 increasing their positions, 13 reducing their positions, and 21 closing their positions.

New
Increased
Maintained
Reduced
Closed

85% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 13

10% less first-time investments, than exits

New positions opened: 19 | Existing positions closed: 21

5% less funds holding

Funds holding: 8076 (-4)

10.08% less ownership

Funds ownership: 27.3%17.23% (-10%)

34% less capital invested

Capital invested by funds: $166M → $110M (-$55.5M)

100% less funds holding in top 10

Funds holding in top 10: 10 (-1)

Holders
76
Holders Change
-4
Holders Change %
-5%
% of All Funds
1.89%
Holding in Top 10
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
New
19
Increased
24
Reduced
13
Closed
21
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
WT
76
Whittier Trust
California
$1K +$730 +140 New
1CP
77
1607 Capital Partners
Virginia
-$26.6M -5,355,044 Closed
SCM
78
Saba Capital Management
New York
-$9.99M -2,009,524 Closed
SCM
79
Sterneck Capital Management
Missouri
-$1.54M -309,738 Closed
TAM
80
Trust Asset Management
Texas
-$1.49M -299,932 Closed
GEM
81
Global Endowment Management
North Carolina
-$596K -120,000 Closed
DA
82
Doliver Advisors
Texas
-$233K -46,963 Closed
TSS
83
Two Sigma Securities
New York
-$228K -45,898 Closed
Squarepoint
84
Squarepoint
New York
-$184K -37,000 Closed
VKH
85
Virtu KCG Holdings
New York
-$115K -23,059 Closed
Susquehanna International Group
86
Susquehanna International Group
Pennsylvania
-$112K -22,616 Closed
CAM
87
Columbia Asset Management
Michigan
-$99K -20,000 Closed
GC
88
Guggenheim Capital
Illinois
-$73K -14,788 Closed
CL
89
CSS LLC
Illinois
-$73K -14,747 Closed
Jane Street
90
Jane Street
New York
-$67K -13,545 Closed
RC
91
RegentAtlantic Capital
New Jersey
-$56K -11,200 Closed
PAG
92
Private Advisor Group
New Jersey
-$53K -10,716 Closed
Baird Financial Group
93
Baird Financial Group
Wisconsin
-$52K -10,535 Closed
IT
94
Independence Trust
Tennessee
-$51K -10,274 Closed
RVPG
95
Relative Value Partners Group
-$51K -10,274 Closed
TJHA
96
Thomas J. Herzfeld Advisors
Florida
-$42K -8,382 Closed
AC
97
Alexandria Capital
Virginia
-$7K -1,400 Closed

PPT Hedge Fund Activity: Q1 2017 in Review

76 of the 4,018 institutional investors tracked by Wall St. Rank reported a position in Franklin Premier Income Trust (PPT) for Q1 2017, worth a combined $110M — down 34% from $166M a quarter earlier.

Sellers outnumbered buyers: 21 funds closed out of PPT and 19 opened new positions — a net loss of 2 holders — while 13 trimmed existing stakes and 24 added.

The largest buyer was Morgan Stanley, adding an estimated $5.4M. The largest seller was 1607 Capital Partners, exiting entirely with an estimated $26.6M sold.

  • 76 institutional investors held Franklin Premier Income Trust (PPT) as of Q1 2017, down from 80 in Q4 2016.
  • Funds reported $110M of Franklin Premier Income Trust stock for Q1 2017, down 34% quarter-over-quarter.
  • 19 funds opened new Franklin Premier Income Trust positions in Q1 2017 and 21 closed out, a net change of -2 holders.
  • The largest Franklin Premier Income Trust buyer in Q1 2017 was Morgan Stanley, an estimated $5.4M added.
  • The largest Franklin Premier Income Trust seller in Q1 2017 was 1607 Capital Partners, an estimated $26.6M sold.

Based on aggregated 13F filings for Q1 2017.