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PMM

Franklin Managed Municipal Income Trust
PMM

76 hedge funds and large institutions have $34.1M invested in Franklin Managed Municipal Income Trust in 2023 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 21 increasing their positions, 16 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

31% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 16

0.46% less ownership

Funds ownership: 11.88% → 11.42% (-0.46%)

7% less capital invested

Capital invested by funds: $36.6M → $34.1M (-$2.51M)

13% less funds holding

Funds holding: 87 → 76 (-11)

57% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 14

Holders
76
Holders Change
-11
Holders Change %
-12.64%
% of All Funds
1.21%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
21
Reduced
16
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
AAM
Advisors Asset Management
Colorado
+$719K
2
Rockefeller Capital Management
Rockefeller Capital Management
New York
+$564K
3
Invesco
Invesco
Georgia
+$307K
4
DLG
Daniel L. Goodwin
+$175K
5
CAN
Cetera Advisor Networks
California
+$164K

Top Sellers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
-$604K
2
Bank of America
Bank of America
North Carolina
-$524K
3
PFT
Providence First Trust
Arizona
-$499K
4
KIG
Kennedy Investment Group
New Jersey
-$356K
5
Cohen & Steers
Cohen & Steers
New York
-$294K
Name Holding Trade Value Shares
Change 		Change in
Stake
BRWA
26
B. Riley Wealth Advisors
Florida
$317K +$1.62K +240 +0.5%
Cambridge Investment Research Advisors
27
Cambridge Investment Research Advisors
Iowa
$316K -$5.48K -810 -2%
MC
28
Moors & Cabot
Massachusetts
$245K -$33.8K -5,000 -11%
UBS Group
29
UBS Group
Switzerland
$222K -$82.9K -12,256 -25%
IWM
30
IHT Wealth Management
Illinois
$201K +$2.46K +363 +1%
AA
31
Ancora Advisors
Ohio
$157K – – –
Northwestern Mutual Wealth Management
32
Northwestern Mutual Wealth Management
Wisconsin
$126K +$108 +16 +0.1%
JWM
33
Jupiter Wealth Management
Colorado
$123K – – –
GSC
34
Grey Street Capital
Illinois
$122K +$134K +19,884 New
RJT
35
Raymond James Trust
Florida
$121K – – –
SPIA
36
Steward Partners Investment Advisory
New York
$115K +$30.4K +4,492 +31%
FAIM
37
Financial Advocates Investment Management
Washington
$112K +$3.48K +514 +3%
UCFA
38
United Capital Financial Advisors
Texas
$110K – – –
PAG
39
Private Advisor Group
New Jersey
$105K +$6.51K +963 +6%
AA
40
AlphaCentric Advisors
Puerto Rico
$101K -$7.44K -1,100 -6%
AWM
41
AE Wealth Management
Kansas
$93.5K – – –
UBG
42
United Bank (Georgia)
Georgia
$88.3K – – –
HWM
43
Hohimer Wealth Management
Washington
$88.2K – – –
FAG
44
Fortitude Advisory Group
Washington
$85.8K +$14.4K +2,127 +18%
PA
45
Procyon Advisors
Connecticut
$78.5K – – –
DAS
46
Dynamic Advisor Solutions
Arizona
$77.5K – – –
QCIG
47
Quad-Cities Investment Group
Iowa
$77K +$1.22K +180 +1%
SWIM
48
Smallwood Wealth Investment Management
New Jersey
$72.4K – – –
WS
49
Wedbush Securities
California
$72K – – –
Jane Street
50
Jane Street
New York
$69.6K +$3.66K +541 +5%
1
2
3 4

PMM Hedge Fund Activity: Q1 2023 in Review

76 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q1 2023, worth a combined $34.1M — down 6.8% from $36.6M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of PMM and 6 opened new positions — a net loss of 8 holders — while 16 trimmed existing stakes and 21 added.

The largest buyer was Advisors Asset Management, adding an estimated $719K. The largest seller was Wells Fargo, cutting an estimated $604K.

  • 76 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q1 2023, down from 87 in Q4 2022.
  • Funds reported $34.1M of Franklin Managed Municipal Income Trust stock for Q1 2023, down 6.8% quarter-over-quarter.
  • 6 funds opened new Franklin Managed Municipal Income Trust positions in Q1 2023 and 14 closed out, a net change of -8 holders.
  • The largest Franklin Managed Municipal Income Trust buyer in Q1 2023 was Advisors Asset Management, an estimated $719K added.
  • The largest Franklin Managed Municipal Income Trust seller in Q1 2023 was Wells Fargo, an estimated $604K sold.

Based on aggregated 13F filings for Q1 2023.