We are live on ! Find out more
PMM

Franklin Managed Municipal Income Trust
PMM

66 hedge funds and large institutions have $29.8M invested in Franklin Managed Municipal Income Trust in 2013 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 18 increasing their positions, 15 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

78% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 9

20% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 15

12% more funds holding

Funds holding: 59 → 66 (+7)

9% more capital invested

Capital invested by funds: $27.3M → $29.8M (+$2.56M)

0.91% more ownership

Funds ownership: 6.95% → 7.85% (+0.91%)

Holders
66
Holders Change
+7
Holders Change %
+11.86%
% of All Funds
1.92%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
16
Increased
18
Reduced
15
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$1.16M
2
AAM
Advisors Asset Management
Colorado
+$1.11M
3
MIG
Mariner Investment Group
New York
+$1.09M
4
TC
TFS Capital
Pennsylvania
+$830K
5
GF
Gerstein Fisher
New York
+$708K

Top Sellers

Rank Fund Capital Flow
1
FTCM
Fir Tree Capital Management
New York
-$2.16M
2
Invesco
Invesco
Georgia
-$1.77M
3
RCM
Rivernorth Capital Management
Florida
-$1.02M
4
WAM
Wolverine Asset Management
Illinois
-$338K
5
GC
Guggenheim Capital
Illinois
-$270K
Name Holding Trade Value Shares
Change 		Change in
Stake
FAAS
26
First Allied Advisory Services
California
$303K -$155K -23,308 -34%
SG Americas Securities
27
SG Americas Securities
New York
$301K +$301K +45,301 New
MIM
28
Macroview Investment Management
Maryland
$275K +$17K +2,550 +7%
VanEck Associates
29
VanEck Associates
New York
$252K -$29.3K -4,405 -10%
HK
30
Horizon Kinetics
New York
$246K -$99.8K -15,000 -29%
TFMS
31
Trust & Fiduciary Management Services
Massachusetts
$240K – – –
Commonwealth Equity Services
32
Commonwealth Equity Services
Massachusetts
$236K +$40.4K +6,075 +21%
LCM
33
Landscape Capital Management
New Jersey
$229K +$230K +34,543 New
WFI
34
West Family Investments
California
$218K +$218K +32,800 New
Bank of New York Mellon
35
Bank of New York Mellon
New York
$205K -$84.6K -12,713 -29%
WS
36
Wedbush Securities
California
$190K +$3.27K +491 +2%
GHAM
37
Gilman Hill Asset Management
Connecticut
$173K +$173K +26,000 New
BA
38
Bridgewater Advisors
New York
$163K +$163K +24,500 New
NL
39
NWAM LLC
Washington
$162K +$4.75K +713 +3%
TFCP
40
Twin Focus Capital Partners
Massachusetts
$159K – – –
MAM
41
Marquette Asset Management
Minnesota
$140K – – –
Creative Planning
42
Creative Planning
Kansas
$119K -$15.7K -2,354 -12%
Ameriprise
43
Ameriprise
Minnesota
$90K +$40.4K +6,078 +81%
CCB
44
Cutter & Co Brokerage
Missouri
$87K -$27.5K -4,136 -24%
RJT
45
Raymond James Trust
Florida
$70K – – –
SBH
46
Segall Bryant & Hamill
Illinois
$68K -$21.6K -3,250 -24%
SB
47
Suntrust Banks
Georgia
$67K +$68K +10,216 New
US Bancorp
48
US Bancorp
Minnesota
$47K – – –
AIG
49
American International Group
New York
$41.8K – – –
LTFS
50
Ladenburg Thalmann Financial Services
Florida
$30K -$3.07K -462 -9%
1
2
3

PMM Hedge Fund Activity: Q4 2013 in Review

66 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q4 2013, worth a combined $29.8M — up 9.4% from $27.3M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new PMM positions and 9 closed out — a net gain of 7 holders — while 18 added to existing stakes and 15 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $1.16M. The largest seller was Fir Tree Capital Management, exiting entirely with an estimated $2.16M sold.

  • 66 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q4 2013, up from 59 in Q3 2013.
  • Funds reported $29.8M of Franklin Managed Municipal Income Trust stock for Q4 2013, up 9.4% quarter-over-quarter.
  • 16 funds opened new Franklin Managed Municipal Income Trust positions in Q4 2013 and 9 closed out, a net change of +7 holders.
  • The largest Franklin Managed Municipal Income Trust buyer in Q4 2013 was Morgan Stanley, an estimated $1.16M added.
  • The largest Franklin Managed Municipal Income Trust seller in Q4 2013 was Fir Tree Capital Management, an estimated $2.16M sold.

Based on aggregated 13F filings for Q4 2013.