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PPT

Franklin Premier Income Trust
PPT

102 hedge funds and large institutions have $78.3M invested in Franklin Premier Income Trust in 2019 Q2 according to their latest regulatory filings, with 17 funds opening new positions, 22 increasing their positions, 31 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

89% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 9

7% more funds holding

Funds holding: 95 → 102 (+7)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

2.33% less ownership

Funds ownership: 17.12% → 14.79% (-2.3%)

14% less capital invested

Capital invested by funds: $91M → $78.3M (-$12.7M)

29% less repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 31

Holders
102
Holders Change
+7
Holders Change %
+7.37%
% of All Funds
2.21%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
17
Increased
22
Reduced
31
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RJA
Raymond James & Associates
Florida
+$880K
2
CIBC Private Wealth Group
CIBC Private Wealth Group
Georgia
+$412K
3
BRWA
B. Riley Wealth Advisors
Florida
+$353K
4
Northwestern Mutual Wealth Management
Northwestern Mutual Wealth Management
Wisconsin
+$272K
5
CFG
Citizens Financial Group
Rhode Island
+$245K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$9.13M
2
SIA
Sit Investment Associates
Minnesota
-$2.94M
3
Invesco
Invesco
Georgia
-$769K
4
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
-$609K
5
Bank of America
Bank of America
North Carolina
-$355K
Name Holding Trade Value Shares
Change 		Change in
Stake
SIC
76
Salem Investment Counselors
North Carolina
$25K – – –
CAC
77
Certified Advisory Corp
Florida
$21K – – –
US Bancorp
78
US Bancorp
Minnesota
$18K – – –
TCM
79
Tradewinds Capital Management
Washington
$16K – – –
WAP
80
Wealthcare Advisory Partners
Pennsylvania
$16K +$118 +23 +0.7%
CCM
81
Covington Capital Management
California
$15K +$7.33K +1,425 +90%
GWM
82
Geneos Wealth Management
Colorado
$12K – – –
DAM
83
Delta Asset Management
Tennessee
$11K – – –
PWP
84
Personal Wealth Partners
Minnesota
$11K +$10.5K +2,050 New
FBT
85
First Bank & Trust
South Dakota
$10K – – –
ESB
86
Essex Savings Bank
Connecticut
$10K +$5.14K +1,000 +100%
HCM
87
Highlander Capital Management
New Jersey
$6K – – –
AIM
88
Anchor Investment Management
South Carolina
$5.13K – – –
NFG
89
Next Financial Group
Texas
$5K – – –
THWM
90
Taylor Hoffman Wealth Management
Virginia
$5K – – –
CTC
91
Central Trust Company
Missouri
$5K +$5.14K +1,000 New
SL
92
Salomon & Ludwin
Virginia
$5K +$5.14K +1,000 New
AWM
93
Avior Wealth Management
Nebraska
$4K – – –
DSC
94
Duncker Streett & Co
Missouri
$4K – – –
FIA
95
FNY Investment Advisers
New York
$4K +$617 +120 +14%
CFA
96
Carroll Financial Associates
North Carolina
$3K – – –
CFGS
97
Concourse Financial Group Securities
Alabama
$3K – – –
ADL
98
Asset Dedication LLC
California
$2K – – –
WT
99
Whittier Trust
California
$1K – – –
RAM
100
Riggs Asset Management
Pennsylvania
$1K +$745 +145 New
1 2 3
4
5

PPT Hedge Fund Activity: Q2 2019 in Review

102 of the 4,605 institutional investors tracked by Wall St. Rank reported a position in Franklin Premier Income Trust (PPT) for Q2 2019, worth a combined $78.3M — down 14% from $91M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new PPT positions and 9 closed out — a net gain of 8 holders — while 22 added to existing stakes and 31 trimmed.

The largest buyer was Raymond James & Associates, adding an estimated $880K. The largest seller was Morgan Stanley, cutting an estimated $9.13M.

  • 102 institutional investors held Franklin Premier Income Trust (PPT) as of Q2 2019, up from 95 in Q1 2019.
  • Funds reported $78.3M of Franklin Premier Income Trust stock for Q2 2019, down 14% quarter-over-quarter.
  • 17 funds opened new Franklin Premier Income Trust positions in Q2 2019 and 9 closed out, a net change of +8 holders.
  • The largest Franklin Premier Income Trust buyer in Q2 2019 was Raymond James & Associates, an estimated $880K added.
  • The largest Franklin Premier Income Trust seller in Q2 2019 was Morgan Stanley, an estimated $9.13M sold.

Based on aggregated 13F filings for Q2 2019.