Franklin Premier Income Trust
PPT
80 hedge funds and large institutions have $164M invested in Franklin Premier Income Trust in 2014 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 24 increasing their positions, 20 reducing their positions, and 10 closing their positions.
20% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 20
16% more capital invested
Capital invested by funds: $142M → $164M (+$22M)
2.95% more ownership
Funds ownership: 19.64% → 22.59% (+2.9%)
1% less funds holding
Funds holding: 81 → 80 (-1)
10% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$13.7M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$3.9M |
| 3 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$990K |
| 4 |
RVP
Relative Value Partners
Northbrook,
Illinois
|
+$963K |
| 5 |
RC
Roundview Capital
Princeton,
New Jersey
|
+$796K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$856K |
| 2 |
Barclays
London,
United Kingdom
|
-$775K |
| 3 |
SG Americas Securities
New York
|
-$734K |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$671K |
| 5 |
Goldman Sachs
New York
|
-$503K |
PPT Hedge Fund Activity: Q1 2014 in Review
80 of the 3,464 institutional investors tracked by Wall St. Rank reported a position in Franklin Premier Income Trust (PPT) for Q1 2014, worth a combined $164M — up 16% from $142M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of PPT and 9 opened new positions — a net loss of 1 holder — while 20 trimmed existing stakes and 24 added.
The largest buyer was Saba Capital Management, adding an estimated $13.7M. The largest seller was Guggenheim Capital, cutting an estimated $856K.
- 80 institutional investors held Franklin Premier Income Trust (PPT) as of Q1 2014, down from 81 in Q4 2013.
- Funds reported $164M of Franklin Premier Income Trust stock for Q1 2014, up 16% quarter-over-quarter.
- 9 funds opened new Franklin Premier Income Trust positions in Q1 2014 and 10 closed out, a net change of -1 holder.
- The largest Franklin Premier Income Trust buyer in Q1 2014 was Saba Capital Management, an estimated $13.7M added.
- The largest Franklin Premier Income Trust seller in Q1 2014 was Guggenheim Capital, an estimated $856K sold.
Based on aggregated 13F filings for Q1 2014.