Franklin Dynamic Municipal Bond ETF
FLMI
197 hedge funds and large institutions have $922M invested in Franklin Dynamic Municipal Bond ETF in 2025 Q4 according to their latest regulatory filings, with 46 funds opening new positions, 113 increasing their positions, 26 reducing their positions, and 8 closing their positions.
475% more first-time investments, than exits
New positions opened: 46 | Existing positions closed: 8
335% more repeat investments, than reductions
Existing positions increased: 113 | Existing positions reduced: 26
37% more capital invested
Capital invested by funds: $673M → $922M (+$250M)
22% more funds holding
Funds holding: 162 → 197 (+35)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
0.53% less ownership
Funds ownership: 70.72% → 70.19% (-0.53%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$33.6M |
| 2 |
LPL Financial
San Diego,
California
|
+$25.7M |
| 3 |
Morgan Stanley
New York
|
+$23.7M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$16.4M |
| 5 |
NEPWA
New England Private Wealth Advisors
Wellesley,
Massachusetts
|
+$10.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WF
Wayfinding Financial
Lynnwood,
Washington
|
-$1.76M |
| 2 |
VBA
von Borstel & Associates
The Dalles,
Oregon
|
-$1.59M |
| 3 |
UWP
Uniting Wealth Partners
Mission,
Kansas
|
-$1.05M |
| 4 |
BWP
BlueStem Wealth Partners
Minnetonka,
Minnesota
|
-$675K |
| 5 |
AF
Abound Financial
Granite Bay,
California
|
-$506K |
FLMI Hedge Fund Activity: Q4 2025 in Review
197 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in Franklin Dynamic Municipal Bond ETF (FLMI) for Q4 2025, worth a combined $922M — up 37% from $673M a quarter earlier.
Buyers outnumbered sellers: 46 funds opened new FLMI positions and 8 closed out — a net gain of 38 holders — while 113 added to existing stakes and 26 trimmed.
The largest buyer was Bank of America, adding an estimated $33.6M. The largest seller was Wayfinding Financial, cutting an estimated $1.76M.
- 197 institutional investors held Franklin Dynamic Municipal Bond ETF (FLMI) as of Q4 2025, up from 162 in Q3 2025.
- Funds reported $922M of Franklin Dynamic Municipal Bond ETF stock for Q4 2025, up 37% quarter-over-quarter.
- 46 funds opened new Franklin Dynamic Municipal Bond ETF positions in Q4 2025 and 8 closed out, a net change of +38 holders.
- The largest Franklin Dynamic Municipal Bond ETF buyer in Q4 2025 was Bank of America, an estimated $33.6M added.
- The largest Franklin Dynamic Municipal Bond ETF seller in Q4 2025 was Wayfinding Financial, an estimated $1.76M sold.
Based on aggregated 13F filings for Q4 2025.