We are live on ! Find out more
PMM

Franklin Managed Municipal Income Trust
PMM

66 hedge funds and large institutions have $44M invested in Franklin Managed Municipal Income Trust in 2017 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 21 increasing their positions, 14 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 14

11% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 9

6% more capital invested

Capital invested by funds: $41.5M → $44M (+$2.52M)

2% more funds holding

Funds holding: 65 → 66 (+1)

0.21% more ownership

Funds ownership: 10.69% → 10.9% (+0.21%)

Holders
66
Holders Change
+1
Holders Change %
+1.54%
% of All Funds
1.65%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
10
Increased
21
Reduced
14
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PPA
Parametric Portfolio Associates
Washington
+$2.6M
2
Invesco
Invesco
Georgia
+$932K
3
Ameriprise
Ameriprise
Minnesota
+$538K
4
LTFS
Ladenburg Thalmann Financial Services
Florida
+$435K
5
Cohen & Steers
Cohen & Steers
New York
+$376K

Top Sellers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
-$1.66M
2
LCM
Landscape Capital Management
New Jersey
-$951K
3
LCM
Laurion Capital Management
New York
-$833K
4
LPL Financial
LPL Financial
California
-$742K
5
RCM
Robinson Capital Management
Michigan
-$410K
Name Holding Trade Value Shares
Change 		Change in
Stake
Cambridge Investment Research Advisors
26
Cambridge Investment Research Advisors
Iowa
$356K -$28K -3,755 -7%
HighTower Advisors
27
HighTower Advisors
Illinois
$342K +$15 +2 +0%
WS
28
Wedbush Securities
California
$321K +$38.9K +5,228 +14%
CAN
29
Cetera Advisor Networks
California
$314K – – –
TJHA
30
Thomas J. Herzfeld Advisors
Florida
$301K +$298K +40,063 New
NDSI
31
Newman Dignan & Sheerar Inc
Rhode Island
$269K +$3.63K +487 +1%
AG
32
Advisor Group
Arizona
$249K – – –
FAAS
33
First Allied Advisory Services
California
$248K – – –
ICOA
34
Investment Centers of America
North Dakota
$191K +$17.1K +2,300 +10%
TFCP
35
Twin Focus Capital Partners
Massachusetts
$180K – – –
Creative Planning
36
Creative Planning
Kansas
$169K -$209K -28,077 -56%
MIM
37
Macroview Investment Management
Maryland
$159K -$99K -13,300 -39%
SWP
38
Stratos Wealth Partners
Ohio
$154K -$1.19K -160 -0.8%
GHAM
39
Gilman Hill Asset Management
Connecticut
$150K – – –
SFS
40
Sowell Financial Services
Arkansas
$147K – – –
LPL Financial
41
LPL Financial
California
$144K -$742K -99,670 -84%
SBH
42
Segall Bryant & Hamill
Illinois
$143K +$142K +19,092 New
BRWA
43
B. Riley Wealth Advisors
Florida
$140K +$685 +92 +0.5%
CRC
44
Curi RMB Capital
Illinois
$139K +$138K +18,559 New
IA
45
IFP Advisors
Florida
$124K – – –
PFT
46
Providence First Trust
Arizona
$109K +$108K +14,540 New
RJT
47
Raymond James Trust
Florida
$108K – – –
Susquehanna International Group
48
Susquehanna International Group
Pennsylvania
$102K +$101K +13,561 New
AWM
49
AE Wealth Management
Kansas
$91K +$90.5K +12,160 New
DA
50
Doliver Advisors
Texas
$87K -$92.2K -12,381 -52%
1
2
3

PMM Hedge Fund Activity: Q2 2017 in Review

66 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q2 2017, worth a combined $44M — up 6.1% from $41.5M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new PMM positions and 9 closed out — a net gain of 1 holder — while 21 added to existing stakes and 14 trimmed.

The largest buyer was Parametric Portfolio Associates, opening a new position worth an estimated $2.6M. The largest seller was Guggenheim Capital, cutting an estimated $1.66M.

  • 66 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q2 2017, up from 65 in Q1 2017.
  • Funds reported $44M of Franklin Managed Municipal Income Trust stock for Q2 2017, up 6.1% quarter-over-quarter.
  • 10 funds opened new Franklin Managed Municipal Income Trust positions in Q2 2017 and 9 closed out, a net change of +1 holder.
  • The largest Franklin Managed Municipal Income Trust buyer in Q2 2017 was Parametric Portfolio Associates, an estimated $2.6M added.
  • The largest Franklin Managed Municipal Income Trust seller in Q2 2017 was Guggenheim Capital, an estimated $1.66M sold.

Based on aggregated 13F filings for Q2 2017.