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PMM

Franklin Managed Municipal Income Trust
PMM

90 hedge funds and large institutions have $59.6M invested in Franklin Managed Municipal Income Trust in 2026 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 24 increasing their positions, 18 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 18

13% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 8

1% more funds holding

Funds holding: 89 → 90 (+1)

0.47% more ownership

Funds ownership: 20.39% → 20.86% (+0.47%)

0% more capital invested

Capital invested by funds: $59.4M → $59.6M (+$223K)

Holders
90
Holders Change
+1
Holders Change %
+1.12%
% of All Funds
1.11%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
9
Increased
24
Reduced
18
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Raymond James Financial
Raymond James Financial
Florida
+$2.51M
2
HWAM
Hennion & Walsh Asset Management
New Jersey
+$1.28M
3
RCM
Robinson Capital Management
Michigan
+$531K
4
Ameriprise
Ameriprise
Minnesota
+$299K
5
VanEck Associates
VanEck Associates
New York
+$267K

Top Sellers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
-$1.39M
2
RCM
Rivernorth Capital Management
Florida
-$1.05M
3
Cetera Investment Advisers
Cetera Investment Advisers
Illinois
-$418K
4
Morgan Stanley
Morgan Stanley
New York
-$406K
5
Bank of America
Bank of America
North Carolina
-$302K
Name Holding Trade Value Shares
Change 		Change in
Stake
KMWM
26
Keudell/Morrison Wealth Management
Oregon
$354K -$12.5K -2,000 -3%
Commonwealth Equity Services
27
Commonwealth Equity Services
Massachusetts
$349K +$19.1K +3,042 +6%
XF
28
XML Financial
Maryland
$320K -$96.8K -15,450 -23%
Susquehanna International Group
29
Susquehanna International Group
Pennsylvania
$256K -$22.7K -3,618 -8%
TWP
30
Tyche Wealth Partners
Texas
$244K – – –
KAS
31
Kestra Advisory Services
Texas
$243K +$29K +4,624 +13%
AF
32
Allworth Financial
California
$241K -$18.4K -2,932 -7%
WCM
33
WealthBridge Capital Management
Ohio
$224K +$15.7K +2,500 +7%
Cambridge Investment Research Advisors
34
Cambridge Investment Research Advisors
Iowa
$202K -$1.91K -305 -0.9%
NA
35
NewEdge Advisors
Louisiana
$199K +$50.1K +8,000 +33%
GCP
36
Gill Capital Partners
Colorado
$197K – – –
CCFM
37
Clear Creek Financial Management
Washington
$196K – – –
CIA
38
Concurrent Investment Advisors
Florida
$178K – – –
JPLA
39
Joseph P. Lucia & Associates
New York
$172K – – –
WB
40
WesBanco Bank
West Virginia
$170K – – –
TFCP
41
Twin Focus Capital Partners
Massachusetts
$148K – – –
JWM
42
Jupiter Wealth Management
Colorado
$126K +$125K +20,000 New
HighTower Advisors
43
HighTower Advisors
Illinois
$124K -$92.3K -14,725 -42%
Cohen & Steers
44
Cohen & Steers
New York
$123K – – –
NAS
45
NWF Advisory Services
California
$123K +$125K +20,000 New
EAM
46
Everstar Asset Management
North Carolina
$116K -$20.7K -3,300 -15%
Nomura Holdings
47
Nomura Holdings
Japan
$115K +$15.7K +2,512 +15%
FAG
48
Fortitude Advisory Group
Washington
$112K – – –
ATPW
49
Ashton Thomas Private Wealth
Arizona
$107K – – –
NWMP
50
Noble Wealth Management PBC
Colorado
$103K – – –
1
2
3 4

PMM Hedge Fund Activity: Q1 2026 in Review

90 of the 8,126 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q1 2026, worth a combined $59.6M — up 0.38% from $59.4M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new PMM positions and 8 closed out — a net gain of 1 holder — while 24 added to existing stakes and 18 trimmed.

The largest buyer was Raymond James Financial, adding an estimated $2.51M. The largest seller was Sit Investment Associates, exiting entirely with an estimated $1.39M sold.

  • 90 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q1 2026, up from 89 in Q4 2025.
  • Funds reported $59.6M of Franklin Managed Municipal Income Trust stock for Q1 2026, up 0.38% quarter-over-quarter.
  • 9 funds opened new Franklin Managed Municipal Income Trust positions in Q1 2026 and 8 closed out, a net change of +1 holder.
  • The largest Franklin Managed Municipal Income Trust buyer in Q1 2026 was Raymond James Financial, an estimated $2.51M added.
  • The largest Franklin Managed Municipal Income Trust seller in Q1 2026 was Sit Investment Associates, an estimated $1.39M sold.

Based on aggregated 13F filings for Q1 2026.