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PMM

Franklin Managed Municipal Income Trust
PMM

76 hedge funds and large institutions have $37.9M invested in Franklin Managed Municipal Income Trust in 2020 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 25 increasing their positions, 15 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

175% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 4

67% more repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 15

10% more capital invested

Capital invested by funds: $34.4M → $37.9M (+$3.54M)

10% more funds holding

Funds holding: 69 → 76 (+7)

0.43% more ownership

Funds ownership: 9.12% → 9.55% (+0.43%)

Holders
76
Holders Change
+7
Holders Change %
+10.14%
% of All Funds
1.34%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
11
Increased
25
Reduced
15
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KAS
Kestra Advisory Services
Texas
+$710K
2
Bank of America
Bank of America
North Carolina
+$435K
3
RJA
Raymond James & Associates
Florida
+$432K
4
JPLA
Joseph P. Lucia & Associates
New York
+$426K
5
PFT
Providence First Trust
Arizona
+$226K

Top Sellers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
-$944K
2
Invesco
Invesco
Georgia
-$711K
3
Truist Financial
Truist Financial
North Carolina
-$114K
4
Citigroup
Citigroup
New York
-$78.1K
5
Cohen & Steers
Cohen & Steers
New York
-$60K
Name Holding Trade Value Shares
Change 		Change in
Stake
Wells Fargo
26
Wells Fargo
California
$458K +$211 +27 +0%
CAN
27
Cetera Advisor Networks
California
$419K +$98.7K +12,647 +32%
QCIG
28
Quad-Cities Investment Group
Iowa
$321K +$18.9K +2,425 +6%
Commonwealth Equity Services
29
Commonwealth Equity Services
Massachusetts
$271K -$59.6K -7,635 -19%
SWP
30
Stratos Wealth Partners
Ohio
$249K +$38.3K +4,903 +19%
IFG
31
Independent Financial Group
California
$217K +$68.8K +8,811 +49%
AA
32
Ancora Advisors
Ohio
$207K – – –
IAIM
33
International Assets Investment Management
Florida
$196K +$189K +24,226 New
RIG
34
Ramiah Investment Group
Wisconsin
$191K -$31.8K -4,069 -15%
HR
35
Hayden Royal
North Carolina
$190K – – –
SBH
36
Segall Bryant & Hamill
Illinois
$173K +$46.8K +6,000 +39%
LC
37
LCNB Corp
Ohio
$163K +$161K +20,565 New
Stifel Financial
38
Stifel Financial
Missouri
$146K -$515 -66 -0.4%
SPIA
39
Steward Partners Investment Advisory
New York
$140K -$1.37K -176 -1%
Cohen & Steers
40
Cohen & Steers
New York
$127K -$60K -7,687 -33%
FAIM
41
Financial Advocates Investment Management
Washington
$125K – – –
JWM
42
Jupiter Wealth Management
Colorado
$121K – – –
HWM
43
Hohimer Wealth Management
Washington
$116K – – –
CA
44
Calton & Associates
Florida
$110K – – –
AWM
45
AE Wealth Management
Kansas
$108K +$6.1K +781 +6%
WAP
46
Wealthcare Advisory Partners
Pennsylvania
$97K – – –
Northwestern Mutual Wealth Management
47
Northwestern Mutual Wealth Management
Wisconsin
$95K +$66.3K +8,490 +261%
IWM
48
IHT Wealth Management
Illinois
$91K +$87.9K +11,257 New
SFS
49
Sowell Financial Services
Arkansas
$90K – – –
DBT
50
Dubuque Bank & Trust
Iowa
$90K +$87.4K +11,200 New
1
2
3 4

PMM Hedge Fund Activity: Q4 2020 in Review

76 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q4 2020, worth a combined $37.9M — up 10% from $34.4M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new PMM positions and 4 closed out — a net gain of 7 holders — while 25 added to existing stakes and 15 trimmed.

The largest buyer was Kestra Advisory Services, adding an estimated $710K. The largest seller was UBS Group, cutting an estimated $944K.

  • 76 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q4 2020, up from 69 in Q3 2020.
  • Funds reported $37.9M of Franklin Managed Municipal Income Trust stock for Q4 2020, up 10% quarter-over-quarter.
  • 11 funds opened new Franklin Managed Municipal Income Trust positions in Q4 2020 and 4 closed out, a net change of +7 holders.
  • The largest Franklin Managed Municipal Income Trust buyer in Q4 2020 was Kestra Advisory Services, an estimated $710K added.
  • The largest Franklin Managed Municipal Income Trust seller in Q4 2020 was UBS Group, an estimated $944K sold.

Based on aggregated 13F filings for Q4 2020.