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.
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%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
+$24M |
| 2 |
LPL Financial
San Diego,
California
|
+$21.2M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$10.9M |
| 4 |
Truist Financial
Charlotte,
North Carolina
|
+$9.63M |
| 5 |
Raymond James Financial
St Petersburg,
Florida
|
+$6.81M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OPAM
Ocean Park Asset Management
Santa Monica,
California
|
-$4.32M |
| 2 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
-$3.8M |
| 3 |
BWP
BlueStem Wealth Partners
Minnetonka,
Minnesota
|
-$1.78M |
| 4 |
BFM
Boothbay Fund Management
New York
|
-$1.21M |
| 5 |
CBT
Central Bank & Trust
Lexington,
Kentucky
|
-$892K |
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.