Franklin Premier Income Trust
PPT
82 hedge funds and large institutions have $188M invested in Franklin Premier Income Trust in 2016 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 19 increasing their positions, 23 reducing their positions, and 14 closing their positions.
12% more capital invested
Capital invested by funds: $168M → $188M (+$20.5M)
4.59% more ownership
Funds ownership: 27.88% → 32.46% (+4.6%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
10% less funds holding
Funds holding: 91 → 82 (-9)
17% less repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 23
57% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$23.8M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$4.27M |
| 3 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$867K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$721K |
| 5 |
Cohen & Steers
New York
|
+$458K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$1.02M |
| 2 |
SCM
Saba Capital Management
New York
|
-$766K |
| 3 |
SRC
Shufro Rose & Co
New York
|
-$638K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$510K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$395K |
PPT Hedge Fund Activity: Q1 2016 in Review
82 of the 3,767 institutional investors tracked by Wall St. Rank reported a position in Franklin Premier Income Trust (PPT) for Q1 2016, worth a combined $188M — up 12% from $168M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of PPT and 6 opened new positions — a net loss of 8 holders — while 23 trimmed existing stakes and 19 added.
The largest buyer was Wells Fargo, adding an estimated $23.8M. The largest seller was Morgan Stanley, cutting an estimated $1.02M.
- 82 institutional investors held Franklin Premier Income Trust (PPT) as of Q1 2016, down from 91 in Q4 2015.
- Funds reported $188M of Franklin Premier Income Trust stock for Q1 2016, up 12% quarter-over-quarter.
- 6 funds opened new Franklin Premier Income Trust positions in Q1 2016 and 14 closed out, a net change of -8 holders.
- The largest Franklin Premier Income Trust buyer in Q1 2016 was Wells Fargo, an estimated $23.8M added.
- The largest Franklin Premier Income Trust seller in Q1 2016 was Morgan Stanley, an estimated $1.02M sold.
Based on aggregated 13F filings for Q1 2016.