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PMM

Franklin Managed Municipal Income Trust
PMM

69 hedge funds and large institutions have $39.1M invested in Franklin Managed Municipal Income Trust in 2014 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 24 increasing their positions, 8 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 8

43% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 7

11% more capital invested

Capital invested by funds: $35.1M → $39.1M (+$4.02M)

3% more funds holding

Funds holding: 67 → 69 (+2)

0.94% more ownership

Funds ownership: 8.68% → 9.62% (+0.94%)

Holders
69
Holders Change
+2
Holders Change %
+2.99%
% of All Funds
1.84%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
10
Increased
24
Reduced
8
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
NCM
Newgate Capital Management
Connecticut
+$1.03M
2
MIG
Mariner Investment Group
New York
+$894K
3
Morgan Stanley
Morgan Stanley
New York
+$573K
4
SG Americas Securities
SG Americas Securities
New York
+$366K
5
BRWA
B. Riley Wealth Advisors
Florida
+$323K

Top Sellers

Rank Fund Capital Flow
1
WAM
Wolverine Asset Management
Illinois
-$579K
2
AAM
Advisors Asset Management
Colorado
-$206K
3
DA
Doliver Advisors
Texas
-$179K
4
Invesco
Invesco
Georgia
-$174K
5
SCA
Strategic Capital Alternatives
United States
-$135K
Name Holding Trade Value Shares
Change 		Change in
Stake
Ameriprise
26
Ameriprise
Minnesota
$321K +$4.65K +651 +1%
Commonwealth Equity Services
27
Commonwealth Equity Services
Massachusetts
$309K +$17.4K +2,431 +6%
LCM
28
Landscape Capital Management
New Jersey
$294K +$63.9K +8,936 +28%
TFMS
29
Trust & Fiduciary Management Services
Massachusetts
$292K – – –
WFI
30
West Family Investments
California
$238K – – –
UCFA
31
United Capital Financial Advisors
Texas
$223K +$7 +1 +0%
Envestnet Asset Management
32
Envestnet Asset Management
Illinois
$223K +$108K +15,083 +97%
WS
33
Wedbush Securities
California
$221K +$3.31K +463 +2%
Koshinski Asset Management
34
Koshinski Asset Management
Illinois
$217K +$214K +29,984 New
VKH
35
Virtu KCG Holdings
New York
$202K +$80.8K +11,308 +68%
LSA
36
Liberty Street Advisors
New York
$182K +$180K +25,169 New
CWM
37
Concert Wealth Management
California
$177K +$174K +24,400 New
TFCP
38
Twin Focus Capital Partners
Massachusetts
$174K – – –
MAM
39
Marquette Asset Management
Minnesota
$151K – – –
Creative Planning
40
Creative Planning
Kansas
$151K +$11.4K +1,591 +8%
LTFS
41
Ladenburg Thalmann Financial Services
Florida
$148K +$101K +14,078 +222%
GHAM
42
Gilman Hill Asset Management
Connecticut
$145K -$17.9K -2,500 -11%
Deutsche Bank
43
Deutsche Bank
Germany
$120K – – –
UR
44
USCA RIA
Texas
$104K – – –
SWP
45
Stratos Wealth Partners
Ohio
$104K +$102K +14,303 New
RAM
46
Riggs Asset Management
Pennsylvania
$97K – – –
CCB
47
Cutter & Co Brokerage
Missouri
$95K – – –
AIG
48
American International Group
New York
$87K +$50K +7,000 +140%
PRCM
49
Pine River Capital Management
Minnesota
$80K +$78.5K +10,980 New
RJT
50
Raymond James Trust
Florida
$76K – – –
1
2
3

PMM Hedge Fund Activity: Q4 2014 in Review

69 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q4 2014, worth a combined $39.1M — up 11% from $35.1M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new PMM positions and 7 closed out — a net gain of 3 holders — while 24 added to existing stakes and 8 trimmed.

The largest buyer was Newgate Capital Management, adding an estimated $1.03M. The largest seller was Wolverine Asset Management, cutting an estimated $579K.

  • 69 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q4 2014, up from 67 in Q3 2014.
  • Funds reported $39.1M of Franklin Managed Municipal Income Trust stock for Q4 2014, up 11% quarter-over-quarter.
  • 10 funds opened new Franklin Managed Municipal Income Trust positions in Q4 2014 and 7 closed out, a net change of +3 holders.
  • The largest Franklin Managed Municipal Income Trust buyer in Q4 2014 was Newgate Capital Management, an estimated $1.03M added.
  • The largest Franklin Managed Municipal Income Trust seller in Q4 2014 was Wolverine Asset Management, an estimated $579K sold.

Based on aggregated 13F filings for Q4 2014.