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PMM

Franklin Managed Municipal Income Trust
PMM

73 hedge funds and large institutions have $30.3M invested in Franklin Managed Municipal Income Trust in 2022 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 19 increasing their positions, 21 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

14% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 7

1% more funds holding

Funds holding: 72 → 73 (+1)

0.26% more ownership

Funds ownership: 10.67% → 10.93% (+0.26%)

10% less repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 21

13% less capital invested

Capital invested by funds: $34.8M → $30.3M (-$4.47M)

Holders
73
Holders Change
+1
Holders Change %
+1.39%
% of All Funds
1.26%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
19
Reduced
21
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RJFSA
Raymond James Financial Services Advisors
Florida
+$807K
2
KMWM
Keudell/Morrison Wealth Management
Oregon
+$599K
3
AAS
Avantax Advisory Services
Texas
+$226K
4
RWM
Ritholtz Wealth Management
New York
+$164K
5
KAS
Kestra Advisory Services
Texas
+$147K

Top Sellers

Rank Fund Capital Flow
1
Invesco
Invesco
Georgia
-$512K
2
Cohen & Steers
Cohen & Steers
New York
-$187K
3
BCA
Bay Colony Advisors
Massachusetts
-$129K
4
Truist Financial
Truist Financial
North Carolina
-$116K
5
Northwestern Mutual Wealth Management
Northwestern Mutual Wealth Management
Wisconsin
-$109K
Name Holding Trade Value Shares
Change 		Change in
Stake
Commonwealth Equity Services
26
Commonwealth Equity Services
Massachusetts
$264K -$39.8K -5,968 -11%
BRWA
27
B. Riley Wealth Advisors
Florida
$239K -$28.2K -4,222 -9%
IWM
28
IHT Wealth Management
Illinois
$180K +$2.35K +353 +1%
UCFA
29
United Capital Financial Advisors
Texas
$175K -$43.8K -6,572 -17%
LP
30
Lloyd Park
Illinois
$154K +$1.02K +153 +0.6%
AA
31
Ancora Advisors
Ohio
$144K – – –
RWM
32
Ritholtz Wealth Management
New York
$139K +$164K +24,617 New
Rockefeller Capital Management
33
Rockefeller Capital Management
New York
$131K +$3.34K +500 +2%
KAS
34
Kestra Advisory Services
Texas
$125K +$147K +22,084 New
Northwestern Mutual Wealth Management
35
Northwestern Mutual Wealth Management
Wisconsin
$119K -$109K -16,384 -44%
LC
36
LCNB Corp
Ohio
$116K – – –
JWM
37
Jupiter Wealth Management
Colorado
$112K – – –
RJT
38
Raymond James Trust
Florida
$112K +$42.7K +6,400 +48%
Mariner
39
Mariner
Kansas
$100K +$118K +17,667 New
FAIM
40
Financial Advocates Investment Management
Washington
$96K +$87 +13 +0.1%
QCIG
41
Quad-Cities Investment Group
Iowa
$94K -$105K -15,739 -49%
AWM
42
AE Wealth Management
Kansas
$94K +$21.1K +3,160 +24%
PAG
43
Private Advisor Group
New Jersey
$88K +$104K +15,600 New
SPIA
44
Steward Partners Investment Advisory
New York
$87K -$57.5K -8,619 -36%
HWM
45
Hohimer Wealth Management
Washington
$81K – – –
UBG
46
United Bank (Georgia)
Georgia
$81K – – –
VCWA
47
Vanguard Capital Wealth Advisors
Colorado
$80K +$1.33K +200 +1%
Envestnet Asset Management
48
Envestnet Asset Management
Illinois
$76K +$180 +27 +0.2%
PA
49
Procyon Advisors
Connecticut
$72K – – –
DAS
50
Dynamic Advisor Solutions
Arizona
$71K – – –
1
2
3 4

PMM Hedge Fund Activity: Q3 2022 in Review

73 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q3 2022, worth a combined $30.3M — down 13% from $34.8M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new PMM positions and 7 closed out — a net gain of 1 holder — while 19 added to existing stakes and 21 trimmed.

The largest buyer was Raymond James Financial Services Advisors, adding an estimated $807K. The largest seller was Invesco, cutting an estimated $512K.

  • 73 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q3 2022, up from 72 in Q2 2022.
  • Funds reported $30.3M of Franklin Managed Municipal Income Trust stock for Q3 2022, down 13% quarter-over-quarter.
  • 8 funds opened new Franklin Managed Municipal Income Trust positions in Q3 2022 and 7 closed out, a net change of +1 holder.
  • The largest Franklin Managed Municipal Income Trust buyer in Q3 2022 was Raymond James Financial Services Advisors, an estimated $807K added.
  • The largest Franklin Managed Municipal Income Trust seller in Q3 2022 was Invesco, an estimated $512K sold.

Based on aggregated 13F filings for Q3 2022.