Franklin Premier Income Trust
PPT
90 hedge funds and large institutions have $203M invested in Franklin Premier Income Trust in 2015 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 28 increasing their positions, 28 reducing their positions, and 8 closing their positions.
2.22% more ownership
Funds ownership: 29.55% → 31.77% (+2.2%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0% more repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 28
0% less capital invested
Capital invested by funds: $204M → $203M (-$730K)
1% less funds holding
Funds holding: 91 → 90 (-1)
13% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$4.09M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.63M |
| 3 |
TAM
Trust Asset Management
Houston,
Texas
|
+$1.24M |
| 4 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
+$954K |
| 5 |
UCFA
United Capital Financial Advisors
Irving,
Texas
|
+$613K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$7.15M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$3.03M |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$592K |
| 4 |
MFS
MSI Financial Services
Springfield,
Massachusetts
|
-$336K |
| 5 |
Morgan Stanley
New York
|
-$324K |
PPT Hedge Fund Activity: Q1 2015 in Review
90 of the 3,770 institutional investors tracked by Wall St. Rank reported a position in Franklin Premier Income Trust (PPT) for Q1 2015, worth a combined $203M — down 0.36% from $204M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of PPT and 7 opened new positions — a net loss of 1 holder — while 28 trimmed existing stakes and 28 added.
The largest buyer was Sit Investment Associates, adding an estimated $4.09M. The largest seller was Saba Capital Management, cutting an estimated $7.15M.
- 90 institutional investors held Franklin Premier Income Trust (PPT) as of Q1 2015, down from 91 in Q4 2014.
- Funds reported $203M of Franklin Premier Income Trust stock for Q1 2015, down 0.36% quarter-over-quarter.
- 7 funds opened new Franklin Premier Income Trust positions in Q1 2015 and 8 closed out, a net change of -1 holder.
- The largest Franklin Premier Income Trust buyer in Q1 2015 was Sit Investment Associates, an estimated $4.09M added.
- The largest Franklin Premier Income Trust seller in Q1 2015 was Saba Capital Management, an estimated $7.15M sold.
Based on aggregated 13F filings for Q1 2015.