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PPT

Franklin Premier Income Trust
PPT

83 hedge funds and large institutions have $165M invested in Franklin Premier Income Trust in 2016 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 17 increasing their positions, 25 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

1% more funds holding

Funds holding: 82 → 83 (+1)

9% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 11

3.68% less ownership

Funds ownership: 32.46% → 28.78% (-3.7%)

12% less capital invested

Capital invested by funds: $188M → $165M (-$23.1M)

32% less repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 25

Holders
83
Holders Change
+1
Holders Change %
+1.22%
% of All Funds
2.21%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.05%
New
12
Increased
17
Reduced
25
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
SIA
Sit Investment Associates
Minnesota
+$8.86M
2
RCM
Rivernorth Capital Management
Florida
+$1.03M
3
PAIM
Punch & Associates Investment Management
Minnesota
+$225K
4
Invesco
Invesco
Georgia
+$212K
5
DA
Doliver Advisors
Texas
+$175K

Top Sellers

1
Wells Fargo
Wells Fargo
California
-$13.2M
2
RVPG
Relative Value Partners Group
-$8.08M
3
PPA
Parametric Portfolio Associates
Washington
-$5.44M
4
SCM
Saba Capital Management
New York
-$2.76M
5
AC
Addison Capital
Pennsylvania
-$757K
Name Holding Trade Value Shares
Change 		Change in
Stake
SIA
1
Sit Investment Associates
Minnesota
$54M +$8.86M +1,874,254 +19%
SCM
2
Saba Capital Management
New York
$24.6M -$2.76M -584,357 -10%
1CP
3
1607 Capital Partners
Virginia
$24M -$305K -64,501 -1%
Wells Fargo
4
Wells Fargo
California
$12.4M -$13.2M -2,785,086 -51%
EVM
5
Eaton Vance Management
Massachusetts
$10.1M – – –
PAIM
6
Punch & Associates Investment Management
Minnesota
$7.24M +$225K +47,633 +3%
Invesco
7
Invesco
Georgia
$5.52M +$212K +44,873 +4%
RVPG
8
Relative Value Partners Group
$3.68M -$8.08M -1,709,810 -68%
Cohen & Steers
9
Cohen & Steers
New York
$2.11M +$14.2K +3,000 +0.7%
Bank of America
10
Bank of America
North Carolina
$2.02M +$17.2K +3,648 +0.9%
UBS Group
11
UBS Group
Switzerland
$1.9M +$143K +30,333 +8%
Morgan Stanley
12
Morgan Stanley
New York
$1.7M -$83.7K -17,697 -5%
SCM
13
Sterneck Capital Management
Missouri
$1.65M +$3.78K +800 +0.2%
LCM
14
Landscape Capital Management
New Jersey
$1.64M +$18.9K +3,991 +1%
BC
15
Bartlett & Co
Ohio
$1.14M -$97.1K -20,543 -8%
RJFSA
16
Raymond James Financial Services Advisors
Florida
$1.07M -$21K -4,449 -2%
RCM
17
Rivernorth Capital Management
Florida
$1.03M +$1.03M +218,600 New
TAM
18
Trust Asset Management
Texas
$776K -$113K -23,795 -13%
SRC
19
Shufro Rose & Co
New York
$711K – – –
RJA
20
Raymond James & Associates
Florida
$636K -$103K -21,711 -14%
GEM
21
Global Endowment Management
North Carolina
$564K – – –
MFS
22
MSI Financial Services
Massachusetts
$412K +$89.1K +18,837 +27%
IAMOG
23
Investors Asset Management of Georgia
Georgia
$393K – – –
LPL Financial
24
LPL Financial
California
$378K -$177K -37,503 -32%
PVWM
25
Point View Wealth Management
New Jersey
$368K – – –
1
2 3 4

PPT Hedge Fund Activity: Q2 2016 in Review

83 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Franklin Premier Income Trust (PPT) for Q2 2016, worth a combined $165M — down 12% from $188M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new PPT positions and 11 closed out — a net gain of 1 holder — while 17 added to existing stakes and 25 trimmed.

The largest buyer was Sit Investment Associates, adding an estimated $8.86M. The largest seller was Wells Fargo, cutting an estimated $13.2M.

  • 83 institutional investors held Franklin Premier Income Trust (PPT) as of Q2 2016, up from 82 in Q1 2016.
  • Funds reported $165M of Franklin Premier Income Trust stock for Q2 2016, down 12% quarter-over-quarter.
  • 12 funds opened new Franklin Premier Income Trust positions in Q2 2016 and 11 closed out, a net change of +1 holder.
  • The largest Franklin Premier Income Trust buyer in Q2 2016 was Sit Investment Associates, an estimated $8.86M added.
  • The largest Franklin Premier Income Trust seller in Q2 2016 was Wells Fargo, an estimated $13.2M sold.

Based on aggregated 13F filings for Q2 2016.