Franklin Premier Income Trust
PPT
81 hedge funds and large institutions have $142M invested in Franklin Premier Income Trust in 2013 Q4 according to their latest regulatory filings, with 22 funds opening new positions, 19 increasing their positions, 26 reducing their positions, and 10 closing their positions.
120% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 10
24% more capital invested
Capital invested by funds: $114M → $142M (+$27.8M)
17% more funds holding
Funds holding: 69 → 81 (+12)
4.35% more ownership
Funds ownership: 15.29% → 19.64% (+4.3%)
27% less repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 26
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$13.5M |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$7.89M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$5.25M |
| 4 |
RVP
Relative Value Partners
Northbrook,
Illinois
|
+$2.73M |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$2.04M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NCM
Newgate Capital Management
Greenwich,
Connecticut
|
-$8.33M |
| 2 |
Morgan Stanley
New York
|
-$1.23M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.21M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$1.13M |
| 5 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$890K |
PPT Hedge Fund Activity: Q4 2013 in Review
81 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Franklin Premier Income Trust (PPT) for Q4 2013, worth a combined $142M — up 24% from $114M a quarter earlier.
Buyers outnumbered sellers: 22 funds opened new PPT positions and 10 closed out — a net gain of 12 holders — while 19 added to existing stakes and 26 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $13.5M. The largest seller was Newgate Capital Management, exiting entirely with an estimated $8.33M sold.
- 81 institutional investors held Franklin Premier Income Trust (PPT) as of Q4 2013, up from 69 in Q3 2013.
- Funds reported $142M of Franklin Premier Income Trust stock for Q4 2013, up 24% quarter-over-quarter.
- 22 funds opened new Franklin Premier Income Trust positions in Q4 2013 and 10 closed out, a net change of +12 holders.
- The largest Franklin Premier Income Trust buyer in Q4 2013 was Saba Capital Management, an estimated $13.5M added.
- The largest Franklin Premier Income Trust seller in Q4 2013 was Newgate Capital Management, an estimated $8.33M sold.
Based on aggregated 13F filings for Q4 2013.