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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
WF
51
Wayfinding Financial
Washington
$2M +$13.3K +550 +0.7%
SWA
52
Stratos Wealth Advisors
Ohio
$1.98M -$82.8K -3,413 -4%
KAS
53
Kestra Advisory Services
Texas
$1.92M +$202K +8,341 +12%
PF
54
Penney Financial
Texas
$1.9M +$1.86M +76,537 New
SWP
55
ShoreHaven Wealth Partners
New Jersey
$1.88M -$710K -29,254 -28%
Franklin Resources
56
Franklin Resources
California
$1.83M +$728K +29,975 +68%
C
57
Croban
Ohio
$1.74M -$43.1K -1,776 -2%
Janney Montgomery Scott
58
Janney Montgomery Scott
Pennsylvania
$1.66M +$29.8K +1,227 +2%
DAS
59
Diversify Advisory Services
Utah
$1.65M -$379K -15,625 -19%
VBA
60
von Borstel & Associates
Oregon
$1.59M +$1.55M +63,875 New
RWA
61
Redhawk Wealth Advisors
Minnesota
$1.53M +$838K +34,527 +127%
BC
62
Bowman & Company
Wisconsin
$1.39M +$13.8K +569 +1%
GRP
63
Global Retirement Partners
California
$1.37M +$518K +21,337 +63%
SP
64
Sequent Planning
Nebraska
$1.32M +$1.29M +53,155 New
SWM
65
SFG Wealth Management
Maryland
$1.22M +$1.2M +49,404 New
CAPTRUST Financial Advisors
66
CAPTRUST Financial Advisors
North Carolina
$1.13M -$62.6K -2,581 -5%
EC
67
Elequin Capital
New York
$1.07M +$1.05M +43,243 New
UWP
68
Uniting Wealth Partners
Kansas
$1.05M +$1.03M +42,337 New
MML Investors Services
69
MML Investors Services
Massachusetts
$1.03M +$265K +10,935 +36%
WHC
70
Wulff, Hansen & Co
California
$1.02M – – –
MWM
71
Meridian Wealth Management
Kentucky
$993K +$39.8K +1,640 +4%
CPCP
72
Cedar Point Capital Partners
Iowa
$979K +$42.8K +1,764 +5%
IWM
73
IHT Wealth Management
Illinois
$960K +$941K +38,758 New
CWM
74
Collaborative Wealth Management
Florida
$960K +$120K +4,959 +15%
AF
75
Advisornet Financial
Minnesota
$947K +$324K +13,339 +54%
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.