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PMM

Franklin Managed Municipal Income Trust
PMM

81 hedge funds and large institutions have $36.4M invested in Franklin Managed Municipal Income Trust in 2023 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 21 increasing their positions, 18 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

75% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 8

17% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 18

7% more capital invested

Capital invested by funds: $34.1M → $36.4M (+$2.31M)

7% more funds holding

Funds holding: 76 → 81 (+5)

0.74% more ownership

Funds ownership: 11.42% → 12.15% (+0.74%)

Holders
81
Holders Change
+5
Holders Change %
+6.58%
% of All Funds
1.27%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
14
Increased
21
Reduced
18
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
+$937K
2
Morgan Stanley
Morgan Stanley
New York
+$649K
3
VanEck Associates
VanEck Associates
New York
+$464K
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$300K
5
LCM
Landscape Capital Management
New Jersey
+$226K

Top Sellers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
-$316K
2
IFG
Independent Financial Group
California
-$249K
3
AAS
Avantax Advisory Services
Texas
-$217K
4
RJA
Raymond James & Associates
Florida
-$192K
5
GSC
Grey Street Capital
Illinois
-$122K
Name Holding Trade Value Shares
Change 		Change in
Stake
Royal Bank of Canada
26
Royal Bank of Canada
Ontario, Canada
$320K +$4.03K +676 +1%
Susquehanna International Group
27
Susquehanna International Group
Pennsylvania
$306K +$300K +50,321 New
Cambridge Investment Research Advisors
28
Cambridge Investment Research Advisors
Iowa
$283K -$30.3K -5,077 -10%
BRWA
29
B. Riley Wealth Advisors
Florida
$264K -$49.4K -8,289 -16%
MC
30
Moors & Cabot
Massachusetts
$259K +$14.9K +2,500 +6%
LCM
31
Landscape Capital Management
New Jersey
$231K +$226K +37,857 New
VF
32
Virtu Financial
New York
$204K +$200K +33,466 New
IWM
33
IHT Wealth Management
Illinois
$202K +$2.02K +338 +1%
AA
34
Ancora Advisors
Ohio
$156K – – –
GC
35
Guggenheim Capital
Illinois
$153K +$150K +25,188 New
CCP
36
Clough Capital Partners
Massachusetts
$150K +$147K +24,679 New
Walleye Capital
37
Walleye Capital
New York
$150K +$146K +24,559 New
SPIA
38
Steward Partners Investment Advisory
New York
$122K +$7.79K +1,307 +7%
JWM
39
Jupiter Wealth Management
Colorado
$122K – – –
RJT
40
Raymond James Trust
Florida
$120K – – –
FWM
41
Fairhaven Wealth Management
Illinois
$111K +$109K +18,300 New
FAIM
42
Financial Advocates Investment Management
Washington
$106K -$5.63K -944 -5%
PAG
43
Private Advisor Group
New Jersey
$105K +$566 +95 +0.6%
UCFA
44
United Capital Financial Advisors
Texas
$101K -$8.67K -1,454 -8%
HighTower Advisors
45
HighTower Advisors
Illinois
$100K +$37K +6,201 +61%
WAM
46
Wolverine Asset Management
Illinois
$99.8K +$97.7K +16,382 New
Northwestern Mutual Wealth Management
47
Northwestern Mutual Wealth Management
Wisconsin
$95.2K -$29.7K -4,985 -24%
FAG
48
Fortitude Advisory Group
Washington
$91.3K +$5.95K +998 +7%
UBG
49
United Bank (Georgia)
Georgia
$87.7K – – –
HWM
50
Hohimer Wealth Management
Washington
$87.7K – – –
1
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PMM Hedge Fund Activity: Q2 2023 in Review

81 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q2 2023, worth a combined $36.4M — up 6.8% from $34.1M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new PMM positions and 8 closed out — a net gain of 6 holders — while 21 added to existing stakes and 18 trimmed.

The largest buyer was UBS Group, adding an estimated $937K. The largest seller was Wells Fargo, cutting an estimated $316K.

  • 81 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q2 2023, up from 76 in Q1 2023.
  • Funds reported $36.4M of Franklin Managed Municipal Income Trust stock for Q2 2023, up 6.8% quarter-over-quarter.
  • 14 funds opened new Franklin Managed Municipal Income Trust positions in Q2 2023 and 8 closed out, a net change of +6 holders.
  • The largest Franklin Managed Municipal Income Trust buyer in Q2 2023 was UBS Group, an estimated $937K added.
  • The largest Franklin Managed Municipal Income Trust seller in Q2 2023 was Wells Fargo, an estimated $316K sold.

Based on aggregated 13F filings for Q2 2023.