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PMM

Franklin Managed Municipal Income Trust
PMM

72 hedge funds and large institutions have $51.4M invested in Franklin Managed Municipal Income Trust in 2017 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 23 increasing their positions, 16 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

150% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 6

44% more repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 16

14% more funds holding

Funds holding: 63 → 72 (+9)

12% more capital invested

Capital invested by funds: $45.9M → $51.4M (+$5.5M)

1.61% more ownership

Funds ownership: 11.26% → 12.87% (+1.6%)

Holders
72
Holders Change
+9
Holders Change %
+14.29%
% of All Funds
1.63%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
15
Increased
23
Reduced
16
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
LCM
Laurion Capital Management
New York
+$1.51M
2
RCM
Robinson Capital Management
Michigan
+$1.21M
3
Invesco
Invesco
Georgia
+$764K
4
GC
Guggenheim Capital
Illinois
+$413K
5
LCM
Landscape Capital Management
New Jersey
+$393K

Top Sellers

Rank Fund Capital Flow
1
NPC
National Planning Corporation
California
-$435K
2
HighTower Advisors
HighTower Advisors
Illinois
-$281K
3
CRC
Curi RMB Capital
Illinois
-$243K
4
AAM
Advisors Asset Management
Colorado
-$240K
5
ICOA
Investment Centers of America
North Dakota
-$192K
Name Holding Trade Value Shares
Change 		Change in
Stake
TCM
26
Tradewinds Capital Management
Washington
$438K -$112K -15,000 -20%
Commonwealth Equity Services
27
Commonwealth Equity Services
Massachusetts
$421K -$22.7K -3,035 -5%
LPL Financial
28
LPL Financial
California
$389K +$248K +33,182 +172%
LCM
29
Landscape Capital Management
New Jersey
$389K +$393K +52,529 New
PAM
30
Peak Asset Management
Colorado
$379K +$4.87K +650 +1%
Cambridge Investment Research Advisors
31
Cambridge Investment Research Advisors
Iowa
$356K -$18.9K -2,524 -5%
DA
32
Doliver Advisors
Texas
$314K +$130K +17,417 +70%
CAN
33
Cetera Advisor Networks
California
$286K -$23.6K -3,150 -8%
NDSI
34
Newman Dignan & Sheerar Inc
Rhode Island
$273K +$3.56K +476 +1%
VV
35
Verity & Verity
South Carolina
$254K +$256K +34,240 New
SG Americas Securities
36
SG Americas Securities
New York
$222K +$224K +29,917 New
CRC
37
Curi RMB Capital
Illinois
$196K -$243K -32,429 -55%
Bank of New York Mellon
38
Bank of New York Mellon
New York
$179K +$181K +24,137 New
Creative Planning
39
Creative Planning
Kansas
$170K +$1.5K +201 +0.9%
TI
40
Truepoint Inc
Ohio
$165K +$166K +22,216 New
APA
41
American Portfolios Advisors
New York
$161K +$163K +21,786 New
FAAS
42
First Allied Advisory Services
California
$157K – – –
GHAM
43
Gilman Hill Asset Management
Connecticut
$148K – – –
SWP
44
Stratos Wealth Partners
Ohio
$148K – – –
SFS
45
Sowell Financial Services
Arkansas
$142K – – –
BRWA
46
B. Riley Wealth Advisors
Florida
$141K +$861 +115 +0.6%
PFT
47
Providence First Trust
Arizona
$138K +$254 +34 +0.2%
Squarepoint
48
Squarepoint
New York
$123K +$125K +16,638 New
SBH
49
Segall Bryant & Hamill
Illinois
$115K -$26.9K -3,592 -19%
KF
50
Krilogy Financial
Missouri
$113K – – –
1
2
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PMM Hedge Fund Activity: Q4 2017 in Review

72 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q4 2017, worth a combined $51.4M — up 12% from $45.9M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new PMM positions and 6 closed out — a net gain of 9 holders — while 23 added to existing stakes and 16 trimmed.

The largest buyer was Laurion Capital Management, opening a new position worth an estimated $1.51M. The largest seller was National Planning Corporation, exiting entirely with an estimated $435K sold.

  • 72 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q4 2017, up from 63 in Q3 2017.
  • Funds reported $51.4M of Franklin Managed Municipal Income Trust stock for Q4 2017, up 12% quarter-over-quarter.
  • 15 funds opened new Franklin Managed Municipal Income Trust positions in Q4 2017 and 6 closed out, a net change of +9 holders.
  • The largest Franklin Managed Municipal Income Trust buyer in Q4 2017 was Laurion Capital Management, an estimated $1.51M added.
  • The largest Franklin Managed Municipal Income Trust seller in Q4 2017 was National Planning Corporation, an estimated $435K sold.

Based on aggregated 13F filings for Q4 2017.