Franklin Premier Income Trust
PPT
96 hedge funds and large institutions have $80.1M invested in Franklin Premier Income Trust in 2019 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 26 increasing their positions, 23 reducing their positions, and 18 closing their positions.
13% more repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 23
2% more capital invested
Capital invested by funds: $78.3M → $80.1M (+$1.75M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.04% less ownership
Funds ownership: 14.79% → 14.75% (-0.04%)
6% less funds holding
Funds holding: 102 → 96 (-6)
33% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AWM
Arbor Wealth Management
Miramar Beach,
Florida
|
+$5.93M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$631K |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$607K |
| 4 |
OIA
OneDigital Investment Advisors
Overland Park,
Kansas
|
+$242K |
| 5 |
SMH
Sanders Morris Harris
Houston,
Texas
|
+$213K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$3.59M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$1.13M |
| 3 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
-$639K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$573K |
| 5 |
SCM
Sterneck Capital Management
Kansas City,
Missouri
|
-$501K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PP
101
Paloma Partners
Greenwich,
Connecticut
| – | -$59K | -11,557 | Closed |
|
|
GIA
102
Gladstone Institutional Advisory
Palm Beach Gardens,
Florida
| – | -$57K | -11,061 | Closed |
|
|
UCFA
103
United Capital Financial Advisors
Irving,
Texas
| – | -$52K | -10,050 | Closed |
|
|
CL
104
CSS LLC
Chicago,
Illinois
| – | -$35K | -6,782 | Closed |
|
|
ESB
105
Essex Savings Bank
Essex,
Connecticut
| – | -$10K | -2,000 | Closed |
|
|
CTC
106
Central Trust Company
Jefferson City,
Missouri
| – | -$5K | -1,000 | Closed |
|
|
SL
107
Salomon & Ludwin
Richmond,
Virginia
| – | -$5K | -1,000 | Closed |
|
|
DSC
108
Duncker Streett & Co
St. Louis,
Missouri
| – | -$4K | -758 | Closed |
|
|
CFGS
109
Concourse Financial Group Securities
Birmingham,
Alabama
| – | -$2.63K | -500 | Closed |
|
110
Fidelity Investments
Boston,
Massachusetts
| – | +$5 | +1 | New |
|
|
CIAS
111
Capital Investment Advisory Services
Raleigh,
North Carolina
| – | +$458 | +87 | New |
|
PPT Hedge Fund Activity: Q3 2019 in Review
96 of the 4,561 institutional investors tracked by Wall St. Rank reported a position in Franklin Premier Income Trust (PPT) for Q3 2019, worth a combined $80.1M — up 2.2% from $78.3M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of PPT and 12 opened new positions — a net loss of 6 holders — while 23 trimmed existing stakes and 26 added.
The largest buyer was Arbor Wealth Management, opening a new position worth an estimated $5.93M. The largest seller was Sit Investment Associates, cutting an estimated $3.59M.
- 96 institutional investors held Franklin Premier Income Trust (PPT) as of Q3 2019, down from 102 in Q2 2019.
- Funds reported $80.1M of Franklin Premier Income Trust stock for Q3 2019, up 2.2% quarter-over-quarter.
- 12 funds opened new Franklin Premier Income Trust positions in Q3 2019 and 18 closed out, a net change of -6 holders.
- The largest Franklin Premier Income Trust buyer in Q3 2019 was Arbor Wealth Management, an estimated $5.93M added.
- The largest Franklin Premier Income Trust seller in Q3 2019 was Sit Investment Associates, an estimated $3.59M sold.
Based on aggregated 13F filings for Q3 2019.