We are live on ! Find out more
PMM

Franklin Managed Municipal Income Trust
PMM

96 hedge funds and large institutions have $42.9M invested in Franklin Managed Municipal Income Trust in 2023 Q4 according to their latest regulatory filings, with 24 funds opening new positions, 17 increasing their positions, 27 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

167% more first-time investments, than exits

New positions opened: 24 | Existing positions closed: 9

27% more capital invested

Capital invested by funds: $33.6M → $42.9M (+$9.21M)

16% more funds holding

Funds holding: 83 → 96 (+13)

1.85% more ownership

Funds ownership: 12.86% → 14.71% (+1.8%)

37% less repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 27

Holders
96
Holders Change
+13
Holders Change %
+15.66%
% 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
17
Reduced
27
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
+$2.08M
2
RIL
Rothschild Investment LLC
Illinois
+$1.42M
3
SIA
Sit Investment Associates
Minnesota
+$1.35M
4
Morgan Stanley
Morgan Stanley
New York
+$775K
5
AAM
Advisors Asset Management
Colorado
+$769K

Top Sellers

Rank Fund Capital Flow
1
KMWM
Keudell/Morrison Wealth Management
Oregon
-$749K
2
RJFSA
Raymond James Financial Services Advisors
Florida
-$457K
3
Ameriprise
Ameriprise
Minnesota
-$456K
4
WAM
Wolverine Asset Management
Illinois
-$409K
5
MC
Moors & Cabot
Massachusetts
-$224K
Name Holding Trade Value Shares
Change 		Change in
Stake
Commonwealth Equity Services
26
Commonwealth Equity Services
Massachusetts
$331K -$17 -3 -0%
AAS
27
Avantax Advisory Services
Texas
$317K -$35.5K -6,330 -11%
ARC
28
Advisor Resource Council
Texas
$300K +$276K +49,300 New
GC
29
Guggenheim Capital
Illinois
$281K -$6.93K -1,237 -3%
BRWA
30
B. Riley Wealth Advisors
Florida
$265K -$10.6K -1,885 -4%
GCP
31
Gill Capital Partners
Colorado
$253K -$112K -19,914 -32%
TWP
32
Tyche Wealth Partners
Texas
$242K +$223K +39,722 New
Cambridge Investment Research Advisors
33
Cambridge Investment Research Advisors
Iowa
$241K -$8.29K -1,479 -4%
Bank of America
34
Bank of America
North Carolina
$234K -$159K -28,424 -43%
AGA
35
Arkos Global Advisors
Texas
$225K +$101K +18,000 +95%
IWM
36
IHT Wealth Management
Illinois
$205K +$1.94K +346 +1%
CIA
37
Concurrent Investment Advisors
Florida
$170K +$156K +27,890 New
Mariner
38
Mariner
Kansas
$160K +$147K +26,280 New
BB
39
Burford Brothers
Texas
$157K +$145K +25,850 New
SCM
40
Saba Capital Management
New York
$138K +$128K +22,770 New
SP
41
Stonebrook Private
Michigan
$132K +$121K +21,661 New
SPIA
42
Steward Partners Investment Advisory
New York
$128K +$1.11K +199 +1%
MC
43
Moors & Cabot
Massachusetts
$122K -$224K -40,000 -67%
JWM
44
Jupiter Wealth Management
Colorado
$122K – – –
AC
45
Aristides Capital
Kentucky
$121K +$112K +19,900 New
FAG
46
Fortitude Advisory Group
Washington
$114K +$21.1K +3,766 +25%
FWM
47
Fairhaven Wealth Management
Illinois
$111K – – –
FAIM
48
Financial Advocates Investment Management
Washington
$110K +$3.78K +675 +4%
SWM
49
Spire Wealth Management
Virginia
$107K +$97.9K +17,464 New
DWM
50
Dakota Wealth Management
Florida
$96.9K +$89.3K +15,933 New
1
2
3 4 5

PMM Hedge Fund Activity: Q4 2023 in Review

96 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q4 2023, worth a combined $42.9M — up 27% from $33.6M a quarter earlier.

Buyers outnumbered sellers: 24 funds opened new PMM positions and 9 closed out — a net gain of 15 holders — while 17 added to existing stakes and 27 trimmed.

The largest buyer was Wells Fargo, adding an estimated $2.08M. The largest seller was Keudell/Morrison Wealth Management, cutting an estimated $749K.

  • 96 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q4 2023, up from 83 in Q3 2023.
  • Funds reported $42.9M of Franklin Managed Municipal Income Trust stock for Q4 2023, up 27% quarter-over-quarter.
  • 24 funds opened new Franklin Managed Municipal Income Trust positions in Q4 2023 and 9 closed out, a net change of +15 holders.
  • The largest Franklin Managed Municipal Income Trust buyer in Q4 2023 was Wells Fargo, an estimated $2.08M added.
  • The largest Franklin Managed Municipal Income Trust seller in Q4 2023 was Keudell/Morrison Wealth Management, an estimated $749K sold.

Based on aggregated 13F filings for Q4 2023.