Franklin Premier Income Trust
PPT
91 hedge funds and large institutions have $110M invested in Franklin Premier Income Trust in 2022 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 28 increasing their positions, 20 reducing their positions, and 13 closing their positions.
40% more repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 20
0.91% more ownership
Funds ownership: 29.2% → 30.1% (+0.91%)
3% less capital invested
Capital invested by funds: $113M → $110M (-$3.21M)
2% less funds holding
Funds holding: 93 → 91 (-2)
15% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 13
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$4.47M |
| 2 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$1.95M |
| 3 |
VCM
Vivaldi Capital Management
Chicago,
Illinois
|
+$501K |
| 4 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$242K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$172K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$2.36M |
| 2 |
Morgan Stanley
New York
|
-$937K |
| 3 |
PA
Pinnacle Associates
New York
|
-$232K |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$201K |
| 5 |
SKK
Shepherd Kaplan Krochuk
Boston,
Massachusetts
|
-$159K |
PPT Hedge Fund Activity: Q3 2022 in Review
91 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in Franklin Premier Income Trust (PPT) for Q3 2022, worth a combined $110M — down 2.8% from $113M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of PPT and 11 opened new positions — a net loss of 2 holders — while 20 trimmed existing stakes and 28 added.
The largest buyer was Sit Investment Associates, adding an estimated $4.47M. The largest seller was Karpus Investment Management, cutting an estimated $2.36M.
- 91 institutional investors held Franklin Premier Income Trust (PPT) as of Q3 2022, down from 93 in Q2 2022.
- Funds reported $110M of Franklin Premier Income Trust stock for Q3 2022, down 2.8% quarter-over-quarter.
- 11 funds opened new Franklin Premier Income Trust positions in Q3 2022 and 13 closed out, a net change of -2 holders.
- The largest Franklin Premier Income Trust buyer in Q3 2022 was Sit Investment Associates, an estimated $4.47M added.
- The largest Franklin Premier Income Trust seller in Q3 2022 was Karpus Investment Management, an estimated $2.36M sold.
Based on aggregated 13F filings for Q3 2022.