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PMM

Franklin Managed Municipal Income Trust
PMM

81 hedge funds and large institutions have $52.6M invested in Franklin Managed Municipal Income Trust in 2018 Q1 according to their latest regulatory filings, with 17 funds opening new positions, 21 increasing their positions, 20 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

113% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 8

13% more funds holding

Funds holding: 72 → 81 (+9)

5% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 20

2% more capital invested

Capital invested by funds: $51.4M → $52.6M (+$1.23M)

0.86% more ownership

Funds ownership: 12.87% → 13.73% (+0.86%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

Holders
81
Holders Change
+9
Holders Change %
+12.5%
% of All Funds
1.86%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
17
Increased
21
Reduced
20
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Robinson Capital Management
Michigan
+$2.46M
2
PPA
Parametric Portfolio Associates
Washington
+$677K
3
KIM
Karpus Investment Management
New York
+$570K
4
Morgan Stanley
Morgan Stanley
New York
+$433K
5
WS
Wedbush Securities
California
+$363K

Top Sellers

Rank Fund Capital Flow
1
LCM
Laurion Capital Management
New York
-$1.49M
2
AAM
Advisors Asset Management
Colorado
-$724K
3
CAN
Cetera Advisor Networks
California
-$286K
4
SG Americas Securities
SG Americas Securities
New York
-$222K
5
Invesco
Invesco
Georgia
-$194K
Name Holding Trade Value Shares
Change 		Change in
Stake
TFCP
26
Twin Focus Capital Partners
Massachusetts
$442K – – –
LPL Financial
27
LPL Financial
California
$409K +$33.9K +4,739 +9%
PAM
28
Peak Asset Management
Colorado
$365K – – –
WS
29
Wedbush Securities
California
$362K +$363K +50,725 New
Commonwealth Equity Services
30
Commonwealth Equity Services
Massachusetts
$359K -$46K -6,432 -11%
TCM
31
Tradewinds Capital Management
Washington
$357K -$65.3K -9,120 -15%
Cambridge Investment Research Advisors
32
Cambridge Investment Research Advisors
Iowa
$321K -$21.7K -3,039 -6%
QCIG
33
Quad-Cities Investment Group
Iowa
$281K +$282K +39,421 New
NDSI
34
Newman Dignan & Sheerar Inc
Rhode Island
$265K +$4.73K +661 +2%
VV
35
Verity & Verity
South Carolina
$244K – – –
Susquehanna International Group
36
Susquehanna International Group
Pennsylvania
$240K +$240K +33,565 New
AA
37
AQR Arbitrage
Connecticut
$202K +$203K +28,357 New
BF
38
BOK Financial
Oklahoma
$200K +$200K +28,000 New
APA
39
American Portfolios Advisors
New York
$171K +$15K +2,098 +10%
Creative Planning
40
Creative Planning
Kansas
$165K +$1.5K +209 +0.9%
CAG
41
Csenge Advisory Group
Florida
$159K +$160K +22,303 New
FAAS
42
First Allied Advisory Services
California
$151K – – –
DA
43
Doliver Advisors
Texas
$148K -$154K -21,583 -51%
Citadel Advisors
44
Citadel Advisors
Florida
$147K +$147K +20,543 New
GHAM
45
Gilman Hill Asset Management
Connecticut
$143K – – –
SWP
46
Stratos Wealth Partners
Ohio
$143K – – –
CRC
47
Curi RMB Capital
Illinois
$137K -$52.4K -7,318 -28%
SFS
48
Sowell Financial Services
Arkansas
$137K – – –
PFT
49
Providence First Trust
Arizona
$133K +$386 +54 +0.3%
WAM
50
Weiss Asset Management
Massachusetts
$117K +$118K +16,432 New
1
2
3 4

PMM Hedge Fund Activity: Q1 2018 in Review

81 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q1 2018, worth a combined $52.6M — up 2.4% from $51.4M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new PMM positions and 8 closed out — a net gain of 9 holders — while 21 added to existing stakes and 20 trimmed.

The largest buyer was Robinson Capital Management, adding an estimated $2.46M. The largest seller was Laurion Capital Management, exiting entirely with an estimated $1.49M sold.

  • 81 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q1 2018, up from 72 in Q4 2017.
  • Funds reported $52.6M of Franklin Managed Municipal Income Trust stock for Q1 2018, up 2.4% quarter-over-quarter.
  • 17 funds opened new Franklin Managed Municipal Income Trust positions in Q1 2018 and 8 closed out, a net change of +9 holders.
  • The largest Franklin Managed Municipal Income Trust buyer in Q1 2018 was Robinson Capital Management, an estimated $2.46M added.
  • The largest Franklin Managed Municipal Income Trust seller in Q1 2018 was Laurion Capital Management, an estimated $1.49M sold.

Based on aggregated 13F filings for Q1 2018.