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PMM

Franklin Managed Municipal Income Trust
PMM

80 hedge funds and large institutions have $36.7M invested in Franklin Managed Municipal Income Trust in 2022 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 16 increasing their positions, 19 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

38% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 8

3% more funds holding

Funds holding: 78 → 80 (+2)

0.79% more ownership

Funds ownership: 9.81% → 10.6% (+0.79%)

13% less capital invested

Capital invested by funds: $42.2M → $36.7M (-$5.46M)

16% less repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 19

Holders
80
Holders Change
+2
Holders Change %
+2.56%
% of All Funds
1.26%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
11
Increased
16
Reduced
19
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$1.37M
2
Wells Fargo
Wells Fargo
California
+$1.33M
3
Bank of America
Bank of America
North Carolina
+$633K
4
LSC
Logan Stone Capital
Illinois
+$398K
5
RJA
Raymond James & Associates
Florida
+$358K

Top Sellers

Rank Fund Capital Flow
1
JPLA
Joseph P. Lucia & Associates
New York
-$870K
2
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
-$411K
3
WS
Wedbush Securities
California
-$285K
4
LP
Lloyd Park
Illinois
-$270K
5
BRWA
B. Riley Wealth Advisors
Florida
-$201K
Name Holding Trade Value Shares
Change 		Change in
Stake
LSC
26
Logan Stone Capital
Illinois
$375K +$398K +53,005 New
Cambridge Investment Research Advisors
27
Cambridge Investment Research Advisors
Iowa
$365K +$13.5K +1,794 +4%
IFG
28
Independent Financial Group
California
$328K -$40.3K -5,370 -10%
UCFA
29
United Capital Financial Advisors
Texas
$305K -$34.1K -4,550 -10%
QCIG
30
Quad-Cities Investment Group
Iowa
$298K +$2.87K +382 +0.9%
Northwestern Mutual Wealth Management
31
Northwestern Mutual Wealth Management
Wisconsin
$292K +$185K +24,672 +148%
LCM
32
Landscape Capital Management
New Jersey
$260K +$276K +36,832 New
IWM
33
IHT Wealth Management
Illinois
$240K -$8.61K -1,147 -3%
Truist Financial
34
Truist Financial
North Carolina
$187K +$67.5K +9,000 +52%
AA
35
Ancora Advisors
Ohio
$181K – – –
WS
36
Wedbush Securities
California
$169K -$285K -38,000 -61%
BCA
37
Bay Colony Advisors
Massachusetts
$164K +$174K +23,197 New
SPIA
38
Steward Partners Investment Advisory
New York
$146K +$330 +44 +0.2%
LC
39
LCNB Corp
Ohio
$145K – – –
JWM
40
Jupiter Wealth Management
Colorado
$141K – – –
FAIM
41
Financial Advocates Investment Management
Washington
$116K +$53 +7 +0%
Comerica Bank
42
Comerica Bank
Texas
$115K +$128K +17,000 New
PPA
43
Parametric Portfolio Associates
Washington
$106K +$112K +14,941 New
HWM
44
Hohimer Wealth Management
Washington
$102K – – –
VCWA
45
Vanguard Capital Wealth Advisors
Colorado
$96K -$6.17K -822 -6%
CA
46
Calton & Associates
Florida
$96K – – –
AWM
47
AE Wealth Management
Kansas
$95K – – –
Envestnet Asset Management
48
Envestnet Asset Management
Illinois
$95K – – –
RJT
49
Raymond James Trust
Florida
$94K – – –
PA
50
Procyon Advisors
Connecticut
$91K – – –
1
2
3 4

PMM Hedge Fund Activity: Q1 2022 in Review

80 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q1 2022, worth a combined $36.7M — down 13% from $42.2M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new PMM positions and 8 closed out — a net gain of 3 holders — while 16 added to existing stakes and 19 trimmed.

The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $1.37M. The largest seller was Joseph P. Lucia & Associates, cutting an estimated $870K.

  • 80 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q1 2022, up from 78 in Q4 2021.
  • Funds reported $36.7M of Franklin Managed Municipal Income Trust stock for Q1 2022, down 13% quarter-over-quarter.
  • 11 funds opened new Franklin Managed Municipal Income Trust positions in Q1 2022 and 8 closed out, a net change of +3 holders.
  • The largest Franklin Managed Municipal Income Trust buyer in Q1 2022 was Rivernorth Capital Management, an estimated $1.37M added.
  • The largest Franklin Managed Municipal Income Trust seller in Q1 2022 was Joseph P. Lucia & Associates, an estimated $870K sold.

Based on aggregated 13F filings for Q1 2022.