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PMM

Franklin Managed Municipal Income Trust
PMM

87 hedge funds and large institutions have $36.6M invested in Franklin Managed Municipal Income Trust in 2022 Q4 according to their latest regulatory filings, with 24 funds opening new positions, 15 increasing their positions, 21 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more first-time investments, than exits

New positions opened: 24 | Existing positions closed: 8

21% more capital invested

Capital invested by funds: $30.3M → $36.6M (+$6.27M)

19% more funds holding

Funds holding: 73 → 87 (+14)

0.95% more ownership

Funds ownership: 10.93% → 11.88% (+0.95%)

29% less repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 21

Holders
87
Holders Change
+14
Holders Change %
+19.18%
% of All Funds
1.4%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
24
Increased
15
Reduced
21
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
AAM
Advisors Asset Management
Colorado
+$991K
2
Morgan Stanley
Morgan Stanley
New York
+$729K
3
KMWM
Keudell/Morrison Wealth Management
Oregon
+$557K
4
Ameriprise
Ameriprise
Minnesota
+$436K
5
Invesco
Invesco
Georgia
+$323K

Top Sellers

Rank Fund Capital Flow
1
RJFSA
Raymond James Financial Services Advisors
Florida
-$1.95M
2
Bank of America
Bank of America
North Carolina
-$448K
3
Wells Fargo
Wells Fargo
California
-$382K
4
AAS
Avantax Advisory Services
Texas
-$227K
5
RJA
Raymond James & Associates
Florida
-$147K
Name Holding Trade Value Shares
Change 		Change in
Stake
Commonwealth Equity Services
26
Commonwealth Equity Services
Massachusetts
$326K +$30.8K +5,076 +11%
BRWA
27
B. Riley Wealth Advisors
Florida
$323K +$54.6K +9,005 +21%
IFG
28
Independent Financial Group
California
$320K -$82.5K -13,595 -21%
UBS Group
29
UBS Group
Switzerland
$304K -$119K -19,571 -29%
Cohen & Steers
30
Cohen & Steers
New York
$294K -$89K -14,672 -24%
MC
31
Moors & Cabot
Massachusetts
$283K +$273K +45,000 New
Susquehanna International Group
32
Susquehanna International Group
Pennsylvania
$232K +$225K +37,011 New
IWM
33
IHT Wealth Management
Illinois
$203K +$2.4K +396 +1%
WAM
34
Weiss Asset Management
Massachusetts
$174K +$168K +27,687 New
AA
35
Ancora Advisors
Ohio
$161K – – –
Northwestern Mutual Wealth Management
36
Northwestern Mutual Wealth Management
Wisconsin
$129K -$3.53K -582 -3%
LC
37
LCNB Corp
Ohio
$129K – – –
JWM
38
Jupiter Wealth Management
Colorado
$125K – – –
RJT
39
Raymond James Trust
Florida
$124K – – –
FWM
40
Fairhaven Wealth Management
Illinois
$115K +$111K +18,300 New
UCFA
41
United Capital Financial Advisors
Texas
$113K -$79.2K -13,047 -42%
FAIM
42
Financial Advocates Investment Management
Washington
$112K +$4.33K +714 +4%
AA
43
AlphaCentric Advisors
Puerto Rico
$111K +$79.5K +13,100 +291%
AWM
44
AE Wealth Management
Kansas
$95.8K -$8.07K -1,330 -8%
UBG
45
United Bank (Georgia)
Georgia
$90.4K – – –
HWM
46
Hohimer Wealth Management
Washington
$90.4K – – –
VCWA
47
Vanguard Capital Wealth Advisors
Colorado
$89.9K +$1.36K +224 +2%
SPIA
48
Steward Partners Investment Advisory
New York
$89.6K -$6.5K -1,072 -7%
CA
49
Calton & Associates
Florida
$85.9K +$83K +13,683 New
PA
50
Procyon Advisors
Connecticut
$80.4K – – –
1
2
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PMM Hedge Fund Activity: Q4 2022 in Review

87 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q4 2022, worth a combined $36.6M — up 21% from $30.3M a quarter earlier.

Buyers outnumbered sellers: 24 funds opened new PMM positions and 8 closed out — a net gain of 16 holders — while 15 added to existing stakes and 21 trimmed.

The largest buyer was Advisors Asset Management, opening a new position worth an estimated $991K. The largest seller was Raymond James Financial Services Advisors, cutting an estimated $1.95M.

  • 87 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q4 2022, up from 73 in Q3 2022.
  • Funds reported $36.6M of Franklin Managed Municipal Income Trust stock for Q4 2022, up 21% quarter-over-quarter.
  • 24 funds opened new Franklin Managed Municipal Income Trust positions in Q4 2022 and 8 closed out, a net change of +16 holders.
  • The largest Franklin Managed Municipal Income Trust buyer in Q4 2022 was Advisors Asset Management, an estimated $991K added.
  • The largest Franklin Managed Municipal Income Trust seller in Q4 2022 was Raymond James Financial Services Advisors, an estimated $1.95M sold.

Based on aggregated 13F filings for Q4 2022.