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PMM

Franklin Managed Municipal Income Trust
PMM

72 hedge funds and large institutions have $34.8M invested in Franklin Managed Municipal Income Trust in 2022 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 16 increasing their positions, 21 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.08% more ownership

Funds ownership: 10.6% → 10.67% (+0.08%)

5% less capital invested

Capital invested by funds: $36.7M → $34.8M (-$1.94M)

10% less funds holding

Funds holding: 80 → 72 (-8)

24% less repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 21

50% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 14

Holders
72
Holders Change
-8
Holders Change %
-10%
% of All Funds
1.21%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
7
Increased
16
Reduced
21
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RJFSA
Raymond James Financial Services Advisors
Florida
+$1.56M
2
AAS
Avantax Advisory Services
Texas
+$1.08M
3
KMWM
Keudell/Morrison Wealth Management
Oregon
+$1.01M
4
Wells Fargo
Wells Fargo
California
+$978K
5
Ameriprise
Ameriprise
Minnesota
+$961K

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$1.29M
2
AAM
Advisors Asset Management
Colorado
-$844K
3
Bank of America
Bank of America
North Carolina
-$781K
4
Morgan Stanley
Morgan Stanley
New York
-$751K
5
BRWA
B. Riley Wealth Advisors
Florida
-$507K
Name Holding Trade Value Shares
Change 		Change in
Stake
IFG
26
Independent Financial Group
California
$331K +$24K +3,628 +8%
BRWA
27
B. Riley Wealth Advisors
Florida
$308K -$507K -76,705 -62%
UCFA
28
United Capital Financial Advisors
Texas
$249K -$36.5K -5,520 -13%
Northwestern Mutual Wealth Management
29
Northwestern Mutual Wealth Management
Wisconsin
$249K -$24.7K -3,740 -9%
QCIG
30
Quad-Cities Investment Group
Iowa
$214K -$64.8K -9,801 -23%
IWM
31
IHT Wealth Management
Illinois
$209K -$15.6K -2,361 -7%
BCA
32
Bay Colony Advisors
Massachusetts
$204K +$42.6K +6,454 +28%
LP
33
Lloyd Park
Illinois
$180K +$178K +27,005 New
AA
34
Ancora Advisors
Ohio
$169K – – –
SPIA
35
Steward Partners Investment Advisory
New York
$159K +$22.1K +3,347 +16%
Rockefeller Capital Management
36
Rockefeller Capital Management
New York
$150K +$66.1K +10,000 +78%
LC
37
LCNB Corp
Ohio
$136K – – –
JWM
38
Jupiter Wealth Management
Colorado
$132K – – –
Truist Financial
39
Truist Financial
North Carolina
$116K -$59.1K -8,950 -34%
FAIM
40
Financial Advocates Investment Management
Washington
$113K +$4.71K +713 +4%
HWM
41
Hohimer Wealth Management
Washington
$95K – – –
UBG
42
United Bank (Georgia)
Georgia
$95K +$95.2K +14,400 New
WS
43
Wedbush Securities
California
$93K -$65.5K -9,908 -41%
VCWA
44
Vanguard Capital Wealth Advisors
Colorado
$92K +$1.3K +197 +1%
AWM
45
AE Wealth Management
Kansas
$89K – – –
Envestnet Asset Management
46
Envestnet Asset Management
Illinois
$89K +$330 +50 +0.4%
RJT
47
Raymond James Trust
Florida
$88K – – –
PA
48
Procyon Advisors
Connecticut
$85K – – –
DAS
49
Dynamic Advisor Solutions
Arizona
$84K – – –
WAP
50
Wealthcare Advisory Partners
Pennsylvania
$80K – – –
1
2
3 4

PMM Hedge Fund Activity: Q2 2022 in Review

72 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q2 2022, worth a combined $34.8M — down 5.3% from $36.7M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of PMM and 7 opened new positions — a net loss of 7 holders — while 21 trimmed existing stakes and 16 added.

The largest buyer was Raymond James Financial Services Advisors, adding an estimated $1.56M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $1.29M sold.

  • 72 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q2 2022, down from 80 in Q1 2022.
  • Funds reported $34.8M of Franklin Managed Municipal Income Trust stock for Q2 2022, down 5.3% quarter-over-quarter.
  • 7 funds opened new Franklin Managed Municipal Income Trust positions in Q2 2022 and 14 closed out, a net change of -7 holders.
  • The largest Franklin Managed Municipal Income Trust buyer in Q2 2022 was Raymond James Financial Services Advisors, an estimated $1.56M added.
  • The largest Franklin Managed Municipal Income Trust seller in Q2 2022 was Rivernorth Capital Management, an estimated $1.29M sold.

Based on aggregated 13F filings for Q2 2022.