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PPT

Franklin Premier Income Trust
PPT

78 hedge funds and large institutions have $86M invested in Franklin Premier Income Trust in 2017 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 21 increasing their positions, 20 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

27% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 11

3% more funds holding

Funds holding: 76 → 78 (+2)

5% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 20

4.17% less ownership

Funds ownership: 17.23% → 13.05% (-4.2%)

22% less capital invested

Capital invested by funds: $110M → $86M (-$24.1M)

Holders
78
Holders Change
+2
Holders Change %
+2.63%
% of All Funds
1.94%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
14
Increased
21
Reduced
20
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$1.94M
2
ACM
Arlington Capital Management
Illinois
+$750K
3
PPA
Parametric Portfolio Associates
Washington
+$608K
4
SCM
Sterneck Capital Management
Missouri
+$572K
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$528K

Top Sellers

Rank Fund Capital Flow
1
EVM
Eaton Vance Management
Massachusetts
-$10.4M
2
SIA
Sit Investment Associates
Minnesota
-$7.11M
3
PAIM
Punch & Associates Investment Management
Minnesota
-$4.88M
4
RCM
Rivernorth Capital Management
Florida
-$3.74M
5
Wells Fargo
Wells Fargo
California
-$1.35M
Name Holding Trade Value Shares
Change 		Change in
Stake
MFW
76
Mosaic Family Wealth
Missouri
$4K – – –
SEI Investments
77
SEI Investments
Pennsylvania
$2K -$3.3K -628 -67%
ADL
78
Asset Dedication LLC
California
$2K +$21 +4 +1%
WT
79
Whittier Trust
California
$1K – – –
EVM
80
Eaton Vance Management
Massachusetts
– -$10.4M -1,974,937 Closed
PAIM
81
Punch & Associates Investment Management
Minnesota
– -$4.88M -926,621 Closed
RCM
82
Rivernorth Capital Management
Florida
– -$3.74M -710,418 Closed
LCM
83
Landscape Capital Management
New Jersey
– -$1.17M -235,703 Closed
YMRC
84
Yorktown Management & Research Company
Virginia
– -$791K -150,000 Closed
AGM
85
Alpine Global Management
New York
– -$168K -31,860 Closed
Millennium Management
86
Millennium Management
New York
– -$163K -30,905 Closed
Goldman Sachs
87
Goldman Sachs
New York
– -$84K -15,973 Closed
PR
88
Payden & Rygel
California
– -$71K -13,464 Closed
Ameriprise
89
Ameriprise
Minnesota
– -$68K -12,856 Closed
AAM
90
Advisors Asset Management
Colorado
– -$4K -748 Closed
1 2 3
4

PPT Hedge Fund Activity: Q2 2017 in Review

78 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Franklin Premier Income Trust (PPT) for Q2 2017, worth a combined $86M — down 22% from $110M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new PPT positions and 11 closed out — a net gain of 3 holders — while 21 added to existing stakes and 20 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $1.94M. The largest seller was Eaton Vance Management, exiting entirely with an estimated $10.4M sold.

  • 78 institutional investors held Franklin Premier Income Trust (PPT) as of Q2 2017, up from 76 in Q1 2017.
  • Funds reported $86M of Franklin Premier Income Trust stock for Q2 2017, down 22% quarter-over-quarter.
  • 14 funds opened new Franklin Premier Income Trust positions in Q2 2017 and 11 closed out, a net change of +3 holders.
  • The largest Franklin Premier Income Trust buyer in Q2 2017 was Morgan Stanley, an estimated $1.94M added.
  • The largest Franklin Premier Income Trust seller in Q2 2017 was Eaton Vance Management, an estimated $10.4M sold.

Based on aggregated 13F filings for Q2 2017.