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PMM

Franklin Managed Municipal Income Trust
PMM

66 hedge funds and large institutions have $40.7M invested in Franklin Managed Municipal Income Trust in 2015 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 20 increasing their positions, 13 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

54% more repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 13

4% more capital invested

Capital invested by funds: $39.1M → $40.7M (+$1.6M)

0.29% more ownership

Funds ownership: 9.62% → 9.91% (+0.29%)

4% less funds holding

Funds holding: 69 → 66 (-3)

22% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 9

Holders
66
Holders Change
-3
Holders Change %
-4.35%
% of All Funds
1.76%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.03%
New
7
Increased
20
Reduced
13
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
+$2.96M
2
PPA
Parametric Portfolio Associates
Washington
+$1.54M
3
LSA
Liberty Street Advisors
New York
+$1.41M
4
KIM
Karpus Investment Management
New York
+$711K
5
AAM
Advisors Asset Management
Colorado
+$331K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$3.53M
2
AQR Capital Management
AQR Capital Management
Connecticut
-$1.13M
3
NCM
Newgate Capital Management
Connecticut
-$1.12M
4
MIG
Mariner Investment Group
New York
-$907K
5
ACM
Akanthos Capital Management
California
-$906K
Name Holding Trade Value Shares
Change 		Change in
Stake
FAAS
26
First Allied Advisory Services
California
$360K -$20.5K -2,802 -5%
Ameriprise
27
Ameriprise
Minnesota
$344K +$16.7K +2,289 +5%
BRWA
28
B. Riley Wealth Advisors
Florida
$307K -$399K -54,542 -57%
TFMS
29
Trust & Fiduciary Management Services
Massachusetts
$298K – – –
WFI
30
West Family Investments
California
$242K – – –
PAM
31
Peak Asset Management
Colorado
$242K +$240K +32,772 New
WS
32
Wedbush Securities
California
$229K +$3.32K +454 +1%
Koshinski Asset Management
33
Koshinski Asset Management
Illinois
$223K +$1.15K +157 +0.5%
CWM
34
Concert Wealth Management
California
$181K – – –
TFCP
35
Twin Focus Capital Partners
Massachusetts
$177K – – –
LCM
36
Landscape Capital Management
New Jersey
$166K -$132K -18,044 -44%
MAM
37
Marquette Asset Management
Minnesota
$154K – – –
LTFS
38
Ladenburg Thalmann Financial Services
Florida
$149K -$1.8K -246 -1%
GHAM
39
Gilman Hill Asset Management
Connecticut
$148K – – –
Creative Planning
40
Creative Planning
Kansas
$134K -$20.2K -2,762 -13%
Deutsche Bank
41
Deutsche Bank
Germany
$122K – – –
DA
42
Doliver Advisors
Texas
$118K +$116K +15,929 New
UR
43
USCA RIA
Texas
$106K – – –
SWP
44
Stratos Wealth Partners
Ohio
$106K +$804 +110 +0.8%
RAM
45
Riggs Asset Management
Pennsylvania
$99K – – –
CCB
46
Cutter & Co Brokerage
Missouri
$97K – – –
AIG
47
American International Group
New York
$88.7K – – –
RJT
48
Raymond James Trust
Florida
$84K +$6.71K +918 +9%
NCM
49
Newgate Capital Management
Connecticut
$82K -$1.12M -152,968 -93%
PNC Financial Services Group
50
PNC Financial Services Group
Pennsylvania
$80K +$79.3K +10,850 New
1
2
3

PMM Hedge Fund Activity: Q1 2015 in Review

66 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q1 2015, worth a combined $40.7M — up 4.1% from $39.1M a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of PMM and 7 opened new positions — a net loss of 2 holders — while 13 trimmed existing stakes and 20 added.

The largest buyer was Bank of America, adding an estimated $2.96M. The largest seller was Morgan Stanley, cutting an estimated $3.53M.

  • 66 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q1 2015, down from 69 in Q4 2014.
  • Funds reported $40.7M of Franklin Managed Municipal Income Trust stock for Q1 2015, up 4.1% quarter-over-quarter.
  • 7 funds opened new Franklin Managed Municipal Income Trust positions in Q1 2015 and 9 closed out, a net change of -2 holders.
  • The largest Franklin Managed Municipal Income Trust buyer in Q1 2015 was Bank of America, an estimated $2.96M added.
  • The largest Franklin Managed Municipal Income Trust seller in Q1 2015 was Morgan Stanley, an estimated $3.53M sold.

Based on aggregated 13F filings for Q1 2015.