Global Endowment Management’s Franklin Municipal Opportunities Trust PMO Stock Holding History

Global Endowment Management’s Portfolio PMO Stock Details PMO Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2015 Q3	–	Sell	-132,000	Closed	-$1.53M	–	241
2015 Q2	$1.53M	Sell	132,000 -14,170	-10%	-$169K	0.21%	135
2015 Q1	$1.79M	Sell	146,170 -16,100	-10%	-$197K	0.28%	107
2014 Q4	$1.95M	Hold	162,270	–	–	0.33%	101
2014 Q3	$1.9M	Sell	162,270 -36,000	-18%	-$419K	0.29%	107
2014 Q2	$2.33M	Hold	198,270	–	–	0.35%	94
2014 Q1	$2.25M	Hold	198,270	–	–	0.35%	103
2013 Q4	$2.13M	Buy	198,270 +152,100	+329%	+$1.64M	0.43%	96
2013 Q3	$505K	Buy	+46,170	New	+$500K	0.13%	140

Other funds holding PMO

Karpus Investment Management Pittsford, New York $3.48B AUM 10.49% 1-Year Est. Return

Parametric Portfolio Associates Seattle, Washington $190B AUM 18.52% 1-Year Est. Return

Advisors Asset Management Monument, Colorado $6.56B AUM 35.09% 1-Year Est. Return

Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return

NVIM

New Vernon Investment Management Highland Park, Illinois $81.7M AUM 8.29% 1-Year Est. Return

Samson Capital Advisors New York $228M AUM 0.84% 1-Year Est. Return

Oak Hill Advisors New York $701M AUM 78.4% 1-Year Est. Return

Guggenheim Capital Chicago, Illinois $15.9B AUM 53.4% 1-Year Est. Return

Royal Bank of Canada Toronto, Ontario, Canada $672B AUM 33.48% 1-Year Est. Return

PNC Financial Services Group Pittsburgh, Pennsylvania $202B AUM 37.79% 1-Year Est. Return

Global Endowment Management's PMO Position: Q3 2015 in Review

Global Endowment Management sold out of Franklin Municipal Opportunities Trust (PMO) in Q3 2015, closing a stake of 132,000 shares — an estimated $1.53M sold.

Global Endowment Management first reported a position in PMO in Q3 2013 and held it in 8 quarters. The position peaked at $2.33M in Q2 2014. 55 funds tracked by Wall St. Rank hold PMO as of Q3 2015.

Global Endowment Management reported no remaining Franklin Municipal Opportunities Trust position as of Q3 2015 after selling out during the quarter.
Global Endowment Management sold 132,000 Franklin Municipal Opportunities Trust shares in Q3 2015, an estimated $1.53M.
Global Endowment Management first reported a position in Franklin Municipal Opportunities Trust in Q3 2013 and held it in 8 quarters.
Global Endowment Management's Franklin Municipal Opportunities Trust position peaked at $2.33M in Q2 2014.
55 funds tracked by Wall St. Rank held Franklin Municipal Opportunities Trust as of Q3 2015.

Based on Global Endowment Management's 13F filing for Q3 2015, filed 9 Nov 2015.