Franklin Premier Income Trust
PPT
76 hedge funds and large institutions have $110M invested in Franklin Premier Income Trust in 2017 Q1 according to their latest regulatory filings, with 19 funds opening new positions, 24 increasing their positions, 13 reducing their positions, and 21 closing their positions.
85% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 13
10% less first-time investments, than exits
New positions opened: 19 | Existing positions closed: 21
5% less funds holding
Funds holding: 80 → 76 (-4)
10.08% less ownership
Funds ownership: 27.3% → 17.23% (-10%)
34% less capital invested
Capital invested by funds: $166M → $110M (-$55.5M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$5.4M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$5.24M |
| 3 |
MML Investors Services
Springfield,
Massachusetts
|
+$1.74M |
| 4 |
GA
Geneva Advisors
Chicago,
Illinois
|
+$1.19M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$867K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$26.6M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$23M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$12.9M |
| 4 |
SCM
Saba Capital Management
New York
|
-$9.99M |
| 5 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
-$3.37M |
PPT Hedge Fund Activity: Q1 2017 in Review
76 of the 4,034 institutional investors tracked by Wall St. Rank reported a position in Franklin Premier Income Trust (PPT) for Q1 2017, worth a combined $110M — down 34% from $166M a quarter earlier.
Sellers outnumbered buyers: 21 funds closed out of PPT and 19 opened new positions — a net loss of 2 holders — while 13 trimmed existing stakes and 24 added.
The largest buyer was Morgan Stanley, adding an estimated $5.4M. The largest seller was 1607 Capital Partners, exiting entirely with an estimated $26.6M sold.
- 76 institutional investors held Franklin Premier Income Trust (PPT) as of Q1 2017, down from 80 in Q4 2016.
- Funds reported $110M of Franklin Premier Income Trust stock for Q1 2017, down 34% quarter-over-quarter.
- 19 funds opened new Franklin Premier Income Trust positions in Q1 2017 and 21 closed out, a net change of -2 holders.
- The largest Franklin Premier Income Trust buyer in Q1 2017 was Morgan Stanley, an estimated $5.4M added.
- The largest Franklin Premier Income Trust seller in Q1 2017 was 1607 Capital Partners, an estimated $26.6M sold.
Based on aggregated 13F filings for Q1 2017.