Franklin Premier Income Trust
PPT
78 hedge funds and large institutions have $86M invested in Franklin Premier Income Trust in 2017 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 21 increasing their positions, 20 reducing their positions, and 11 closing their positions.
27% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 11
3% more funds holding
Funds holding: 76 → 78 (+2)
5% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 20
4.17% less ownership
Funds ownership: 17.23% → 13.05% (-4.2%)
22% less capital invested
Capital invested by funds: $110M → $86M (-$24.1M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$1.94M |
| 2 |
ACM
Arlington Capital Management
Arlington Heights,
Illinois
|
+$750K |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$608K |
| 4 |
SCM
Sterneck Capital Management
Kansas City,
Missouri
|
+$572K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$528K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
-$10.4M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$7.11M |
| 3 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
-$4.88M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$3.74M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$1.35M |
PPT Hedge Fund Activity: Q2 2017 in Review
78 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Franklin Premier Income Trust (PPT) for Q2 2017, worth a combined $86M — down 22% from $110M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new PPT positions and 11 closed out — a net gain of 3 holders — while 21 added to existing stakes and 20 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $1.94M. The largest seller was Eaton Vance Management, exiting entirely with an estimated $10.4M sold.
- 78 institutional investors held Franklin Premier Income Trust (PPT) as of Q2 2017, up from 76 in Q1 2017.
- Funds reported $86M of Franklin Premier Income Trust stock for Q2 2017, down 22% quarter-over-quarter.
- 14 funds opened new Franklin Premier Income Trust positions in Q2 2017 and 11 closed out, a net change of +3 holders.
- The largest Franklin Premier Income Trust buyer in Q2 2017 was Morgan Stanley, an estimated $1.94M added.
- The largest Franklin Premier Income Trust seller in Q2 2017 was Eaton Vance Management, an estimated $10.4M sold.
Based on aggregated 13F filings for Q2 2017.