Franklin Premier Income Trust
PPT
91 hedge funds and large institutions have $127M invested in Franklin Premier Income Trust in 2023 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 27 increasing their positions, 24 reducing their positions, and 12 closing their positions.
33% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 12
16% more capital invested
Capital invested by funds: $109M → $127M (+$17.5M)
13% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 24
3% more funds holding
Funds holding: 88 → 91 (+3)
2.81% more ownership
Funds ownership: 31.86% → 34.67% (+2.8%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$4.97M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$4.78M |
| 3 |
Allspring Global Investments
Charlotte,
North Carolina
|
+$1.2M |
| 4 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$303K |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$252K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$676K |
| 2 |
SMH
Sanders Morris Harris
Houston,
Texas
|
-$343K |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$314K |
| 4 |
Creative Planning
Overland Park,
Kansas
|
-$256K |
| 5 |
LFAS
Level Four Advisory Services
Dallas,
Texas
|
-$246K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Truist Financial
Charlotte,
North Carolina
| – | -$46.6K | -13,913 | Closed |
|
|
ADL
102
Asset Dedication LLC
San Francisco,
California
| – | -$1K | -330 | Closed |
|
|
NECFA
103
New England Capital Financial Advisors
Meriden,
Connecticut
| – | -$13 | -4 | Closed |
|
104
Fidelity Investments
Boston,
Massachusetts
| – | -$3 | -1 | Closed |
|
PPT Hedge Fund Activity: Q4 2023 in Review
91 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Franklin Premier Income Trust (PPT) for Q4 2023, worth a combined $127M — up 16% from $109M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new PPT positions and 12 closed out — a net gain of 4 holders — while 27 added to existing stakes and 24 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $4.97M. The largest seller was Janney Montgomery Scott, cutting an estimated $676K.
- 91 institutional investors held Franklin Premier Income Trust (PPT) as of Q4 2023, up from 88 in Q3 2023.
- Funds reported $127M of Franklin Premier Income Trust stock for Q4 2023, up 16% quarter-over-quarter.
- 16 funds opened new Franklin Premier Income Trust positions in Q4 2023 and 12 closed out, a net change of +4 holders.
- The largest Franklin Premier Income Trust buyer in Q4 2023 was Morgan Stanley, an estimated $4.97M added.
- The largest Franklin Premier Income Trust seller in Q4 2023 was Janney Montgomery Scott, an estimated $676K sold.
Based on aggregated 13F filings for Q4 2023.