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PPT

Franklin Premier Income Trust
PPT

91 hedge funds and large institutions have $90.6M invested in Franklin Premier Income Trust in 2020 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 14 increasing their positions, 31 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

18% more capital invested

Capital invested by funds: $76.5M → $90.6M (+$14M)

2.05% more ownership

Funds ownership: 16.46% → 18.51% (+2%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

8% less funds holding

Funds holding: 99 → 91 (-8)

44% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 18

55% less repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 31

Holders
91
Holders Change
-8
Holders Change %
-8.08%
% of All Funds
1.87%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.04%
New
10
Increased
14
Reduced
31
Closed
18
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
+$17.6M
2
OFG
OTA Financial Group
New York
+$730K
3
AWM
Apollon Wealth Management
South Carolina
+$523K
4
DJSG
D.J. St. Germain
Massachusetts
+$235K
5
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
+$128K

Top Sellers

Rank Fund Capital Flow
1
RJA
Raymond James & Associates
Florida
-$2.61M
2
Invesco
Invesco
Georgia
-$1.26M
3
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$1.13M
4
CWP
Capital Wealth Planning
Florida
-$481K
5
Wells Fargo
Wells Fargo
California
-$390K
Name Holding Trade Value Shares
Change 		Change in
Stake
SIC
76
Salem Investment Counselors
North Carolina
$23K – – –
US Bancorp
77
US Bancorp
Minnesota
$17K – – –
DAM
78
Delta Asset Management
Tennessee
$10K – – –
GWM
79
Geneos Wealth Management
Colorado
$10K – – –
SW
80
SVB Wealth
Massachusetts
$9K – – –
FBT
81
First Bank & Trust
South Dakota
$7K -$2.35K -500 -25%
HCM
82
Highlander Capital Management
New Jersey
$6K – – –
CCM
83
Covington Capital Management
California
$5K – – –
THWM
84
Taylor Hoffman Wealth Management
Virginia
$5K +$4.71K +1,000 New
TFA
85
Toth Financial Advisory
Virginia
$4K +$3.97K +842 New
AWM
86
Avior Wealth Management
Nebraska
$3K – – –
CFA
87
Carroll Financial Associates
North Carolina
$3K – – –
ADL
88
Asset Dedication LLC
California
$2K – – –
VFA
89
Valeo Financial Advisors
Indiana
$1K – – –
WT
90
Whittier Trust
California
$1K – – –
SMH
91
Sanders Morris Harris
Texas
– -$1K -130,490 Closed
CWP
92
Capital Wealth Planning
Florida
– -$481K -105,920 Closed
CAM
93
Cresset Asset Management
Illinois
– -$307K -67,000 Closed
CCP
94
Clough Capital Partners
Massachusetts
– -$219K -48,221 Closed
SFS
95
Shaker Financial Services
Virginia
– -$207K -45,660 Closed
LCM
96
Landscape Capital Management
New Jersey
– -$186K -40,869 Closed
IFG
97
Independent Financial Group
California
– -$143K -31,600 Closed
FIA
98
FNY Investment Advisers
New York
– -$136K -30,013 Closed
Citadel Advisors
99
Citadel Advisors
Florida
– -$126K -27,856 Closed
CIBC Private Wealth Group
100
CIBC Private Wealth Group
Georgia
– -$72K -15,761 Closed
1 2 3
4
5

PPT Hedge Fund Activity: Q2 2020 in Review

91 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Franklin Premier Income Trust (PPT) for Q2 2020, worth a combined $90.6M — up 18% from $76.5M a quarter earlier.

Sellers outnumbered buyers: 18 funds closed out of PPT and 10 opened new positions — a net loss of 8 holders — while 31 trimmed existing stakes and 14 added.

The largest buyer was Sit Investment Associates, adding an estimated $17.6M. The largest seller was Raymond James & Associates, cutting an estimated $2.61M.

  • 91 institutional investors held Franklin Premier Income Trust (PPT) as of Q2 2020, down from 99 in Q1 2020.
  • Funds reported $90.6M of Franklin Premier Income Trust stock for Q2 2020, up 18% quarter-over-quarter.
  • 10 funds opened new Franklin Premier Income Trust positions in Q2 2020 and 18 closed out, a net change of -8 holders.
  • The largest Franklin Premier Income Trust buyer in Q2 2020 was Sit Investment Associates, an estimated $17.6M added.
  • The largest Franklin Premier Income Trust seller in Q2 2020 was Raymond James & Associates, an estimated $2.61M sold.

Based on aggregated 13F filings for Q2 2020.