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PMM

Franklin Managed Municipal Income Trust
PMM

63 hedge funds and large institutions have $41.5M invested in Franklin Managed Municipal Income Trust in 2015 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 16 increasing their positions, 17 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

17% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 6

2% more funds holding

Funds holding: 62 → 63 (+1)

2% more capital invested

Capital invested by funds: $40.7M → $41.5M (+$770K)

0.07% more ownership

Funds ownership: 10.37% → 10.44% (+0.07%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

6% less repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 17

Holders
63
Holders Change
+1
Holders Change %
+1.61%
% of All Funds
1.76%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
7
Increased
16
Reduced
17
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$1.43M
2
GC
Guggenheim Capital
Illinois
+$601K
3
NPC
National Planning Corporation
California
+$361K
4
TFMS
Trust & Fiduciary Management Services
Massachusetts
+$280K
5
PPA
Parametric Portfolio Associates
Washington
+$227K

Top Sellers

Rank Fund Capital Flow
1
AAM
Advisors Asset Management
Colorado
-$912K
2
GEM
Global Endowment Management
North Carolina
-$566K
3
Bank of America
Bank of America
North Carolina
-$422K
4
MIM
Macroview Investment Management
Maryland
-$318K
5
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
-$251K
Name Holding Trade Value Shares
Change 		Change in
Stake
TFMS
26
Trust & Fiduciary Management Services
Massachusetts
$282K +$280K +39,470 New
LCM
27
Landscape Capital Management
New Jersey
$272K -$229K -32,239 -46%
FAAS
28
First Allied Advisory Services
California
$242K -$14.2K -2,000 -6%
WFI
29
West Family Investments
California
$235K – – –
PAM
30
Peak Asset Management
Colorado
$234K – – –
WS
31
Wedbush Securities
California
$228K +$3.45K +486 +2%
Koshinski Asset Management
32
Koshinski Asset Management
Illinois
$217K +$1.8K +254 +0.8%
BRWA
33
B. Riley Wealth Advisors
Florida
$215K +$213K +29,980 New
Cambridge Investment Research Advisors
34
Cambridge Investment Research Advisors
Iowa
$172K -$251K -35,405 -60%
TFCP
35
Twin Focus Capital Partners
Massachusetts
$172K – – –
ICOA
36
Investment Centers of America
North Dakota
$154K +$153K +21,556 New
CAN
37
Cetera Advisor Networks
California
$150K +$149K +21,013 New
MAM
38
Marquette Asset Management
Minnesota
$149K – – –
Invesco
39
Invesco
Georgia
$143K -$170K -23,960 -54%
GHAM
40
Gilman Hill Asset Management
Connecticut
$143K – – –
CWM
41
Concert Wealth Management
California
$139K – – –
ACI
42
Alpha Cubed Investments
California
$120K – – –
LTFS
43
Ladenburg Thalmann Financial Services
Florida
$104K -$40.7K -5,741 -28%
SWP
44
Stratos Wealth Partners
Ohio
$104K – – –
RAM
45
Riggs Asset Management
Pennsylvania
$96K – – –
CCB
46
Cutter & Co Brokerage
Missouri
$94K – – –
PNC Financial Services Group
47
PNC Financial Services Group
Pennsylvania
$89K -$8.08K -1,139 -8%
RJT
48
Raymond James Trust
Florida
$82K – – –
AIG
49
American International Group
New York
$72K +$35.5K +5,000 +100%
US Bancorp
50
US Bancorp
Minnesota
$51K – – –
1
2
3

PMM Hedge Fund Activity: Q3 2015 in Review

63 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q3 2015, worth a combined $41.5M — up 1.9% from $40.7M a quarter earlier.

Buyers outnumbered sellers: 7 funds opened new PMM positions and 6 closed out — a net gain of 1 holder — while 16 added to existing stakes and 17 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $1.43M. The largest seller was Advisors Asset Management, cutting an estimated $912K.

  • 63 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q3 2015, up from 62 in Q2 2015.
  • Funds reported $41.5M of Franklin Managed Municipal Income Trust stock for Q3 2015, up 1.9% quarter-over-quarter.
  • 7 funds opened new Franklin Managed Municipal Income Trust positions in Q3 2015 and 6 closed out, a net change of +1 holder.
  • The largest Franklin Managed Municipal Income Trust buyer in Q3 2015 was Morgan Stanley, an estimated $1.43M added.
  • The largest Franklin Managed Municipal Income Trust seller in Q3 2015 was Advisors Asset Management, an estimated $912K sold.

Based on aggregated 13F filings for Q3 2015.