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PPT

Franklin Premier Income Trust

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.

New
Increased
Maintained
Reduced
Closed

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: 6981 (+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

Holders
81
Holders Change
+12
Holders Change %
+17.39%
% of All Funds
2.35%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
22
Increased
19
Reduced
26
Closed
10
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
RVP
1
Relative Value Partners
Illinois
$23.6M +$2.73M +507,841 +13%
SIA
2
Sit Investment Associates
Minnesota
$20.3M +$5.25M +975,848 +35%
1CP
3
1607 Capital Partners
Virginia
$17.8M +$7.89M +1,466,925 +81%
SCM
4
Saba Capital Management
New York
$15.9M +$13.5M +2,508,091 +607%
RCM
5
Rivernorth Capital Management
Florida
$13.4M +$2.04M +379,209 +18%
U
6
UBS
Switzerland
$5.75M +$174K +32,377 +3%
Morgan Stanley
7
Morgan Stanley
New York
$5.15M -$1.23M -229,010 -19%
Invesco
8
Invesco
Georgia
$5.12M -$1.13M -209,983 -18%
PAIM
9
Punch & Associates Investment Management
Minnesota
$4.71M +$207K +38,516 +5%
PPA
10
Parametric Portfolio Associates
Washington
$4.23M +$371K +68,974 +10%
TJHA
11
Thomas J. Herzfeld Advisors
Florida
$2.09M +$356K +66,129 +21%
BC
12
Bartlett & Co
Ohio
$2.06M -$63.3K -11,775 -3%
GC
13
Guggenheim Capital
Illinois
$2.02M -$1.21M -225,008 -38%
SCM
14
Sterneck Capital Management
Missouri
$1.95M -$83.2K -15,466 -4%
Cohen & Steers
15
Cohen & Steers
New York
$1.89M
Bank of America
16
Bank of America
North Carolina
$1.56M +$137K +25,532 +10%
Wells Fargo
17
Wells Fargo
California
$1.39M +$797K +148,172 +139%
AC
18
Addison Capital
Pennsylvania
$1.17M +$1.16M +214,740 New
FAAS
19
First Allied Advisory Services
California
$1.11M -$103K -19,144 -9%
LPL Financial
20
LPL Financial
California
$859K -$70K -13,005 -8%
Barclays
21
Barclays
United Kingdom
$775K +$217K +40,431 +35%
SG Americas Securities
22
SG Americas Securities
New York
$734K +$725K +134,836 New
Goldman Sachs
23
Goldman Sachs
New York
$668K -$107K -19,862 -14%
GEM
24
Global Endowment Management
North Carolina
$653K
SMC
25
Smith, Moore & Co
Missouri
$608K +$602K +111,850 New

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.