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Franklin Dynamic Municipal Bond ETF
FLMI

162 hedge funds and large institutions have $673M invested in Franklin Dynamic Municipal Bond ETF in 2025 Q3 according to their latest regulatory filings, with 34 funds opening new positions, 85 increasing their positions, 29 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

278% more first-time investments, than exits

New positions opened: 34 | Existing positions closed: 9

193% more repeat investments, than reductions

Existing positions increased: 85 | Existing positions reduced: 29

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

32% more capital invested

Capital invested by funds: $508M → $673M (+$164M)

16% more funds holding

Funds holding: 140 → 162 (+22)

0.21% less ownership

Funds ownership: 70.93% → 70.72% (-0.21%)

Holders
162
Holders Change
+22
Holders Change %
+15.71%
% of All Funds
2.13%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.04%
New
34
Increased
85
Reduced
29
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Ameriprise
Ameriprise
Minnesota
+$24M
2
LPL Financial
LPL Financial
California
+$21.2M
3
Wells Fargo
Wells Fargo
California
+$10.9M
4
Truist Financial
Truist Financial
North Carolina
+$9.63M
5
Raymond James Financial
Raymond James Financial
Florida
+$6.81M

Top Sellers

Rank Fund Capital Flow
1
OPAM
Ocean Park Asset Management
California
-$4.32M
2
Thrivent Financial for Lutherans
Thrivent Financial for Lutherans
Minnesota
-$3.8M
3
BWP
BlueStem Wealth Partners
Minnesota
-$1.78M
4
BFM
Boothbay Fund Management
New York
-$1.21M
5
CBT
Central Bank & Trust
Kentucky
-$892K
Name Holding Trade Value Shares
Change 		Change in
Stake
PAG
26
Private Advisor Group
New Jersey
$5.54M +$2.21M +91,234 +69%
PWM
27
Prentice Wealth Management
New York
$5.15M +$528K +21,735 +12%
Commonwealth Equity Services
28
Commonwealth Equity Services
Massachusetts
$5.13M +$1.09M +44,792 +28%
Mariner
29
Mariner
Kansas
$5.11M +$414K +17,062 +9%
VA
30
VestGen Advisors
Illinois
$4.85M +$5.97K +246 +0.1%
JP Morgan Chase
31
JP Morgan Chase
New York
$4.54M -$391K -16,106 -8%
Cambridge Investment Research Advisors
32
Cambridge Investment Research Advisors
Iowa
$4.48M +$726K +29,923 +20%
WAAG
33
Wealth Alliance Advisory Group
Kansas
$4.18M -$91.7K -3,780 -2%
Jones Financial Companies
34
Jones Financial Companies
Missouri
$4.11M +$1.13M +46,743 +39%
LFA
35
Legacy Financial Advisors
Kentucky
$3.71M +$3.64M +149,803 New
NA
36
NewEdge Advisors
Louisiana
$3.57M +$1.12M +46,223 +47%
SPIA
37
Steward Partners Investment Advisory
New York
$3.53M +$604K +24,877 +21%
AFTS
38
American Financial & Tax Strategies
New York
$3.12M -$236K -9,715 -7%
RSWA
39
Robinson Smith Wealth Advisors
Maine
$3.11M +$3.05M +125,698 New
HW
40
Hancock Whitney
Mississippi
$3.07M +$731K +30,122 +32%
EH
41
Equitable Holdings
New York
$3.04M +$1.55M +63,877 +109%
SF
42
Summit Financial
New Jersey
$2.99M +$2.93M +120,760 New
RPGK
43
Retirement Planning Group (Kansas)
Kansas
$2.55M +$581K +23,929 +30%
AF
44
Abound Financial
California
$2.53M -$198K -8,139 -7%
ODA
45
One Degree Advisors
California
$2.35M -$50K -2,062 -2%
NEPWA
46
New England Private Wealth Advisors
Massachusetts
$2.35M +$306K +12,595 +15%
LFP
47
Leeward Financial Partners
Washington
$2.27M +$529K +21,809 +31%
SAM
48
Smartleaf Asset Management
Massachusetts
$2.2M +$2.16M +88,941 New
OPAM
49
Ocean Park Asset Management
California
$2.14M -$4.32M -178,000 -67%
PFGIA
50
Patriot Financial Group Insurance Agency
Massachusetts
$2.13M +$39.9K +1,645 +2%
1
2
3 4 5

FLMI Hedge Fund Activity: Q3 2025 in Review

162 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in Franklin Dynamic Municipal Bond ETF (FLMI) for Q3 2025, worth a combined $673M — up 32% from $508M a quarter earlier.

Buyers outnumbered sellers: 34 funds opened new FLMI positions and 9 closed out — a net gain of 25 holders — while 85 added to existing stakes and 29 trimmed.

The largest buyer was Ameriprise, adding an estimated $24M. The largest seller was Ocean Park Asset Management, cutting an estimated $4.32M.

  • 162 institutional investors held Franklin Dynamic Municipal Bond ETF (FLMI) as of Q3 2025, up from 140 in Q2 2025.
  • Funds reported $673M of Franklin Dynamic Municipal Bond ETF stock for Q3 2025, up 32% quarter-over-quarter.
  • 34 funds opened new Franklin Dynamic Municipal Bond ETF positions in Q3 2025 and 9 closed out, a net change of +25 holders.
  • The largest Franklin Dynamic Municipal Bond ETF buyer in Q3 2025 was Ameriprise, an estimated $24M added.
  • The largest Franklin Dynamic Municipal Bond ETF seller in Q3 2025 was Ocean Park Asset Management, an estimated $4.32M sold.

Based on aggregated 13F filings for Q3 2025.