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PMM

Franklin Managed Municipal Income Trust
PMM

58 hedge funds and large institutions have $42M invested in Franklin Managed Municipal Income Trust in 2016 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 20 increasing their positions, 14 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

43% more repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 14

7% more capital invested

Capital invested by funds: $39.4M → $42M (+$2.62M)

0.67% more ownership

Funds ownership: 8.82% → 9.49% (+0.67%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

5% less funds holding

Funds holding: 61 → 58 (-3)

43% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 7

Holders
58
Holders Change
-3
Holders Change %
-4.92%
% of All Funds
1.55%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
4
Increased
20
Reduced
14
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
AAM
Advisors Asset Management
Colorado
+$1.49M
2
Cohen & Steers
Cohen & Steers
New York
+$843K
3
RCM
Robinson Capital Management
Michigan
+$574K
4
UBS Group
UBS Group
Switzerland
+$306K
5
Ameriprise
Ameriprise
Minnesota
+$279K

Top Sellers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
-$928K
2
Morgan Stanley
Morgan Stanley
New York
-$363K
3
OFG
OTA Financial Group
New York
-$308K
4
MIM
Macroview Investment Management
Maryland
-$199K
5
EAM
Evanson Asset Management
California
-$142K
Name Holding Trade Value Shares
Change 		Change in
Stake
WS
26
Wedbush Securities
California
$292K +$3.62K +455 +1%
CRC
27
Curi RMB Capital
Illinois
$266K +$266K +33,372 New
FAAS
28
First Allied Advisory Services
California
$261K – – –
PAM
29
Peak Asset Management
Colorado
$261K – – –
CWM
30
Concert Wealth Management
California
$238K +$64.8K +8,139 +38%
IA
31
IFP Advisors
Florida
$236K – – –
BRWA
32
B. Riley Wealth Advisors
Florida
$225K +$2.13K +268 +1%
AG
33
Advisor Group
Arizona
$212K +$23.9K +3,000 +13%
TFCP
34
Twin Focus Capital Partners
Massachusetts
$191K – – –
SBIA
35
Sheaff Brock Investment Advisors
Indiana
$189K -$78K -9,800 -29%
ICOA
36
Investment Centers of America
North Dakota
$172K – – –
MAM
37
Marquette Asset Management
Minnesota
$166K – – –
VKH
38
Virtu KCG Holdings
New York
$164K +$164K +20,633 New
HCM
39
Hollencrest Capital Management
California
$162K – – –
GHAM
40
Gilman Hill Asset Management
Connecticut
$159K – – –
LTFS
41
Ladenburg Thalmann Financial Services
Florida
$133K +$10.3K +1,295 +8%
PNC Financial Services Group
42
PNC Financial Services Group
Pennsylvania
$119K +$143 +18 +0.1%
SWP
43
Stratos Wealth Partners
Ohio
$112K -$5.89K -740 -5%
RAM
44
Riggs Asset Management
Pennsylvania
$107K – – –
CCB
45
Cutter & Co Brokerage
Missouri
$105K +$105K +13,153 New
RJT
46
Raymond James Trust
Florida
$93K +$2.21K +277 +2%
MF
47
Magnetar Financial
Illinois
$80K -$10.3K -1,298 -11%
US Bancorp
48
US Bancorp
Minnesota
$57K -$11.9K -1,500 -17%
EWM
49
Evercore Wealth Management
New York
$27K – – –
WA
50
WFG Advisors
Texas
$23K – – –
1
2
3

PMM Hedge Fund Activity: Q3 2016 in Review

58 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q3 2016, worth a combined $42M — up 6.7% from $39.4M a quarter earlier.

Sellers outnumbered buyers: 7 funds closed out of PMM and 4 opened new positions — a net loss of 3 holders — while 14 trimmed existing stakes and 20 added.

The largest buyer was Advisors Asset Management, adding an estimated $1.49M. The largest seller was Wells Fargo, cutting an estimated $928K.

  • 58 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q3 2016, down from 61 in Q2 2016.
  • Funds reported $42M of Franklin Managed Municipal Income Trust stock for Q3 2016, up 6.7% quarter-over-quarter.
  • 4 funds opened new Franklin Managed Municipal Income Trust positions in Q3 2016 and 7 closed out, a net change of -3 holders.
  • The largest Franklin Managed Municipal Income Trust buyer in Q3 2016 was Advisors Asset Management, an estimated $1.49M added.
  • The largest Franklin Managed Municipal Income Trust seller in Q3 2016 was Wells Fargo, an estimated $928K sold.

Based on aggregated 13F filings for Q3 2016.