Franklin Premier Income Trust
PPT
88 hedge funds and large institutions have $114M invested in Franklin Premier Income Trust in 2023 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 32 increasing their positions, 22 reducing their positions, and 15 closing their positions.
45% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 22
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.13% less ownership
Funds ownership: 31.68% → 31.56% (-0.13%)
3% less capital invested
Capital invested by funds: $118M → $114M (-$3.96M)
10% less funds holding
Funds holding: 98 → 88 (-10)
53% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TW
Transform Wealth
Greenwood Village,
Colorado
|
+$1M |
| 2 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$669K |
| 3 |
Allspring Global Investments
Charlotte,
North Carolina
|
+$443K |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$415K |
| 5 |
SMH
Sanders Morris Harris
Houston,
Texas
|
+$379K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VCM
Vivaldi Capital Management
Chicago,
Illinois
|
-$1.45M |
| 2 |
Morgan Stanley
New York
|
-$752K |
| 3 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$559K |
| 4 |
Walleye Capital
New York
|
-$407K |
| 5 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$286K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Rockefeller Capital Management
New York
| – | -$26K | -7,272 | Closed |
|
|
MCC
102
Money Concepts Capital
Palm Beach Gardens,
Florida
| – | -$3.25K | -895 | Closed |
|
103
Fidelity Investments
Boston,
Massachusetts
| – | -$4 | -1 | Closed |
|
PPT Hedge Fund Activity: Q1 2023 in Review
88 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Franklin Premier Income Trust (PPT) for Q1 2023, worth a combined $114M — down 3.4% from $118M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of PPT and 7 opened new positions — a net loss of 8 holders — while 22 trimmed existing stakes and 32 added.
The largest buyer was Transform Wealth, opening a new position worth an estimated $1M. The largest seller was Vivaldi Capital Management, cutting an estimated $1.45M.
- 88 institutional investors held Franklin Premier Income Trust (PPT) as of Q1 2023, down from 98 in Q4 2022.
- Funds reported $114M of Franklin Premier Income Trust stock for Q1 2023, down 3.4% quarter-over-quarter.
- 7 funds opened new Franklin Premier Income Trust positions in Q1 2023 and 15 closed out, a net change of -8 holders.
- The largest Franklin Premier Income Trust buyer in Q1 2023 was Transform Wealth, an estimated $1M added.
- The largest Franklin Premier Income Trust seller in Q1 2023 was Vivaldi Capital Management, an estimated $1.45M sold.
Based on aggregated 13F filings for Q1 2023.