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PMM

Franklin Managed Municipal Income Trust
PMM

78 hedge funds and large institutions have $42.2M invested in Franklin Managed Municipal Income Trust in 2021 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 24 increasing their positions, 15 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

400% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 2

60% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 15

11% more funds holding

Funds holding: 70 → 78 (+8)

10% more capital invested

Capital invested by funds: $38.2M → $42.2M (+$3.95M)

0.43% more ownership

Funds ownership: 9.38% → 9.81% (+0.43%)

Holders
78
Holders Change
+8
Holders Change %
+11.43%
% of All Funds
1.2%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
10
Increased
24
Reduced
15
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$658K
2
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
+$555K
3
JPLA
Joseph P. Lucia & Associates
New York
+$355K
4
RJA
Raymond James & Associates
Florida
+$335K
5
Bank of America
Bank of America
North Carolina
+$94.3K

Top Sellers

Rank Fund Capital Flow
1
SBH
Segall Bryant & Hamill
Illinois
-$284K
2
GCP
Gill Capital Partners
Colorado
-$270K
3
VanEck Associates
VanEck Associates
New York
-$149K
4
Osaic Holdings
Osaic Holdings
Arizona
-$141K
5
AA
AlphaCentric Advisors
Puerto Rico
-$111K
Name Holding Trade Value Shares
Change 		Change in
Stake
IFG
26
Independent Financial Group
California
$454K +$39.7K +4,666 +10%
Cambridge Investment Research Advisors
27
Cambridge Investment Research Advisors
Iowa
$437K +$571 +67 +0.1%
UCFA
28
United Capital Financial Advisors
Texas
$418K -$78.1K -9,169 -16%
QCIG
29
Quad-Cities Investment Group
Iowa
$366K +$2.92K +343 +0.8%
IWM
30
IHT Wealth Management
Illinois
$308K +$2.28K +268 +0.8%
LP
31
Lloyd Park
Illinois
$270K +$262K +30,730 New
AA
32
Ancora Advisors
Ohio
$224K – – –
AA
33
AlphaCentric Advisors
Puerto Rico
$193K -$111K -13,000 -37%
LC
34
LCNB Corp
Ohio
$180K – – –
SPIA
35
Steward Partners Investment Advisory
New York
$180K +$14.1K +1,660 +9%
JWM
36
Jupiter Wealth Management
Colorado
$175K – – –
IAIM
37
International Assets Investment Management
Florida
$159K -$24.9K -2,925 -14%
Truist Financial
38
Truist Financial
North Carolina
$153K +$10.3K +1,204 +7%
Northwestern Mutual Wealth Management
39
Northwestern Mutual Wealth Management
Wisconsin
$146K -$7.23K -849 -5%
FAIM
40
Financial Advocates Investment Management
Washington
$143K +$85 +10 +0.1%
VCWA
41
Vanguard Capital Wealth Advisors
Colorado
$127K +$1.39K +163 +1%
HWM
42
Hohimer Wealth Management
Washington
$126K – – –
CA
43
Calton & Associates
Florida
$120K – – –
AWM
44
AE Wealth Management
Kansas
$118K – – –
Envestnet Asset Management
45
Envestnet Asset Management
Illinois
$118K +$10.3K +1,204 +10%
RJT
46
Raymond James Trust
Florida
$117K +$25.1K +2,950 +28%
PA
47
Procyon Advisors
Connecticut
$112K – – –
DAS
48
Dynamic Advisor Solutions
Arizona
$111K – – –
WAP
49
Wealthcare Advisory Partners
Pennsylvania
$105K – – –
DBT
50
Dubuque Bank & Trust
Iowa
$98K – – –
1
2
3 4

PMM Hedge Fund Activity: Q4 2021 in Review

78 of the 6,498 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q4 2021, worth a combined $42.2M — up 10% from $38.2M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new PMM positions and 2 closed out — a net gain of 8 holders — while 24 added to existing stakes and 15 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $658K. The largest seller was Segall Bryant & Hamill, exiting entirely with an estimated $284K sold.

  • 78 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q4 2021, up from 70 in Q3 2021.
  • Funds reported $42.2M of Franklin Managed Municipal Income Trust stock for Q4 2021, up 10% quarter-over-quarter.
  • 10 funds opened new Franklin Managed Municipal Income Trust positions in Q4 2021 and 2 closed out, a net change of +8 holders.
  • The largest Franklin Managed Municipal Income Trust buyer in Q4 2021 was Morgan Stanley, an estimated $658K added.
  • The largest Franklin Managed Municipal Income Trust seller in Q4 2021 was Segall Bryant & Hamill, an estimated $284K sold.

Based on aggregated 13F filings for Q4 2021.