Franklin Premier Income Trust
PPT
79 hedge funds and large institutions have $192M invested in Franklin Premier Income Trust in 2014 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 28 increasing their positions, 19 reducing their positions, and 7 closing their positions.
47% more repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 19
1.46% more ownership
Funds ownership: 25.15% → 26.61% (+1.5%)
4% more capital invested
Capital invested by funds: $183M → $192M (+$8.22M)
1% less funds holding
Funds holding: 80 → 79 (-1)
14% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$2.72M |
| 2 |
RVP
Relative Value Partners
Northbrook,
Illinois
|
+$2.7M |
| 3 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$1.44M |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.41M |
| 5 |
IT
Independence Trust
Franklin,
Tennessee
|
+$835K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$474K |
| 2 |
DA
Doliver Advisors
Houston,
Texas
|
-$255K |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$242K |
| 4 |
BC
Bartlett & Co
Cincinnati,
Ohio
|
-$220K |
| 5 |
AP
Advisors Preferred
Rockville,
Maryland
|
-$178K |
PPT Hedge Fund Activity: Q3 2014 in Review
79 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Franklin Premier Income Trust (PPT) for Q3 2014, worth a combined $192M — up 4.5% from $183M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of PPT and 6 opened new positions — a net loss of 1 holder — while 19 trimmed existing stakes and 28 added.
The largest buyer was Saba Capital Management, adding an estimated $2.72M. The largest seller was Susquehanna International Group, exiting entirely with an estimated $474K sold.
- 79 institutional investors held Franklin Premier Income Trust (PPT) as of Q3 2014, down from 80 in Q2 2014.
- Funds reported $192M of Franklin Premier Income Trust stock for Q3 2014, up 4.5% quarter-over-quarter.
- 6 funds opened new Franklin Premier Income Trust positions in Q3 2014 and 7 closed out, a net change of -1 holder.
- The largest Franklin Premier Income Trust buyer in Q3 2014 was Saba Capital Management, an estimated $2.72M added.
- The largest Franklin Premier Income Trust seller in Q3 2014 was Susquehanna International Group, an estimated $474K sold.
Based on aggregated 13F filings for Q3 2014.