Franklin Premier Income Trust
PPT
80 hedge funds and large institutions have $154M invested in Franklin Premier Income Trust in 2015 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 14 increasing their positions, 33 reducing their positions, and 14 closing their positions.
3.63% less ownership
Funds ownership: 29.49% → 25.86% (-3.6%)
10% less funds holding
Funds holding: 89 → 80 (-9)
16% less capital invested
Capital invested by funds: $183M → $154M (-$29.1M)
50% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 14
58% less repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 33
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$16.9M |
| 2 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$886K |
| 3 |
AC
Addison Capital
Conshohocken,
Pennsylvania
|
+$884K |
| 4 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$383K |
| 5 |
TCM
Texan Capital Management
Houston,
Texas
|
+$287K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$14.3M |
| 2 |
RVPG
Relative Value Partners Group
|
-$10.1M |
| 3 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
-$8.01M |
| 4 |
UCFA
United Capital Financial Advisors
Irving,
Texas
|
-$1.44M |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
-$1.4M |
PPT Hedge Fund Activity: Q3 2015 in Review
80 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Franklin Premier Income Trust (PPT) for Q3 2015, worth a combined $154M — down 16% from $183M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of PPT and 7 opened new positions — a net loss of 7 holders — while 33 trimmed existing stakes and 14 added.
The largest buyer was Saba Capital Management, adding an estimated $16.9M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $14.3M sold.
- 80 institutional investors held Franklin Premier Income Trust (PPT) as of Q3 2015, down from 89 in Q2 2015.
- Funds reported $154M of Franklin Premier Income Trust stock for Q3 2015, down 16% quarter-over-quarter.
- 7 funds opened new Franklin Premier Income Trust positions in Q3 2015 and 14 closed out, a net change of -7 holders.
- The largest Franklin Premier Income Trust buyer in Q3 2015 was Saba Capital Management, an estimated $16.9M added.
- The largest Franklin Premier Income Trust seller in Q3 2015 was Rivernorth Capital Management, an estimated $14.3M sold.
Based on aggregated 13F filings for Q3 2015.