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PMM

Franklin Managed Municipal Income Trust
PMM

83 hedge funds and large institutions have $33.6M invested in Franklin Managed Municipal Income Trust in 2023 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 17 increasing their positions, 25 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 6

2% more funds holding

Funds holding: 81 → 83 (+2)

0.71% more ownership

Funds ownership: 12.15% → 12.86% (+0.71%)

8% less capital invested

Capital invested by funds: $36.4M → $33.6M (-$2.77M)

32% less repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 25

Holders
83
Holders Change
+2
Holders Change %
+2.47%
% of All Funds
1.32%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
17
Reduced
25
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Robinson Capital Management
Michigan
+$1.66M
2
WAM
Wolverine Asset Management
Illinois
+$341K
3
Morgan Stanley
Morgan Stanley
New York
+$330K
4
Wells Fargo
Wells Fargo
California
+$281K
5
VanEck Associates
VanEck Associates
New York
+$256K

Top Sellers

Rank Fund Capital Flow
1
RJA
Raymond James & Associates
Florida
-$895K
2
RJFSA
Raymond James Financial Services Advisors
Florida
-$395K
3
Ameriprise
Ameriprise
Minnesota
-$273K
4
AAS
Avantax Advisory Services
Texas
-$265K
5
Walleye Capital
Walleye Capital
New York
-$150K
Name Holding Trade Value Shares
Change 		Change in
Stake
MC
26
Moors & Cabot
Massachusetts
$328K +$102K +17,500 +41%
SBIA
27
Sheaff Brock Investment Advisors
Indiana
$326K -$13.9K -2,377 -4%
AAS
28
Avantax Advisory Services
Texas
$320K -$265K -45,414 -44%
Commonwealth Equity Services
29
Commonwealth Equity Services
Massachusetts
$298K -$7.95K -1,362 -2%
GC
30
Guggenheim Capital
Illinois
$260K +$130K +22,338 +89%
Susquehanna International Group
31
Susquehanna International Group
Pennsylvania
$253K -$23.7K -4,069 -8%
BRWA
32
B. Riley Wealth Advisors
Florida
$249K +$12.3K +2,101 +5%
Cambridge Investment Research Advisors
33
Cambridge Investment Research Advisors
Iowa
$225K -$31.3K -5,369 -12%
LCM
34
Landscape Capital Management
New Jersey
$221K +$14.7K +2,519 +7%
IWM
35
IHT Wealth Management
Illinois
$183K +$1.81K +311 +0.9%
AA
36
Ancora Advisors
Ohio
$140K – – –
SPIA
37
Steward Partners Investment Advisory
New York
$114K +$4.28K +734 +4%
JWM
38
Jupiter Wealth Management
Colorado
$111K – – –
AGA
39
Arkos Global Advisors
Texas
$104K +$111K +19,000 New
VF
40
Virtu Financial
New York
$101K -$87K -14,910 -45%
FWM
41
Fairhaven Wealth Management
Illinois
$100K – – –
FAIM
42
Financial Advocates Investment Management
Washington
$95K – – –
PAG
43
Private Advisor Group
New Jersey
$94.9K +$513 +88 +0.5%
CCP
44
Clough Capital Partners
Massachusetts
$92.3K -$45.5K -7,800 -32%
Northwestern Mutual Wealth Management
45
Northwestern Mutual Wealth Management
Wisconsin
$84.5K -$1.09K -187 -1%
PI
46
Parkside Investments
Illinois
$82K +$87.5K +15,000 New
FAG
47
Fortitude Advisory Group
Washington
$82K – – –
UCFA
48
United Capital Financial Advisors
Texas
$81.2K -$9.79K -1,678 -10%
UBG
49
United Bank (Georgia)
Georgia
$78.8K – – –
HWM
50
Hohimer Wealth Management
Washington
$78.7K – – –
1
2
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PMM Hedge Fund Activity: Q3 2023 in Review

83 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q3 2023, worth a combined $33.6M — down 7.6% from $36.4M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new PMM positions and 6 closed out — a net gain of 2 holders — while 17 added to existing stakes and 25 trimmed.

The largest buyer was Robinson Capital Management, opening a new position worth an estimated $1.66M. The largest seller was Raymond James & Associates, cutting an estimated $895K.

  • 83 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q3 2023, up from 81 in Q2 2023.
  • Funds reported $33.6M of Franklin Managed Municipal Income Trust stock for Q3 2023, down 7.6% quarter-over-quarter.
  • 8 funds opened new Franklin Managed Municipal Income Trust positions in Q3 2023 and 6 closed out, a net change of +2 holders.
  • The largest Franklin Managed Municipal Income Trust buyer in Q3 2023 was Robinson Capital Management, an estimated $1.66M added.
  • The largest Franklin Managed Municipal Income Trust seller in Q3 2023 was Raymond James & Associates, an estimated $895K sold.

Based on aggregated 13F filings for Q3 2023.