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PMM

Franklin Managed Municipal Income Trust
PMM

94 hedge funds and large institutions have $38.5M invested in Franklin Managed Municipal Income Trust in 2024 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 15 increasing their positions, 22 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.84% less ownership

Funds ownership: 14.71% → 13.87% (-0.84%)

2% less funds holding

Funds holding: 96 → 94 (-2)

10% less capital invested

Capital invested by funds: $42.9M → $38.5M (-$4.36M)

13% less first-time investments, than exits

New positions opened: 13 | Existing positions closed: 15

32% less repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 22

Holders
94
Holders Change
-2
Holders Change %
-2.08%
% of All Funds
1.35%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
13
Increased
15
Reduced
22
Closed
15
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
AAM
Advisors Asset Management
Colorado
+$788K
2
BA
Bridgewater Advisors
New York
+$467K
3
Cetera Investment Advisers
Cetera Investment Advisers
Illinois
+$330K
4
WAM
Wolverine Asset Management
Illinois
+$301K
5
WCM
WealthBridge Capital Management
Ohio
+$256K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$2.19M
2
SIA
Sit Investment Associates
Minnesota
-$1.41M
3
Invesco
Invesco
Georgia
-$333K
4
ARC
Advisor Resource Council
Texas
-$300K
5
VanEck Associates
VanEck Associates
New York
-$274K
Name Holding Trade Value Shares
Change 		Change in
Stake
CAN
26
Cetera Advisor Networks
California
$320K -$239K -38,967 -42%
Susquehanna International Group
27
Susquehanna International Group
Pennsylvania
$309K +$253K +41,270 +397%
JPLA
28
Joseph P. Lucia & Associates
New York
$304K -$27.8K -4,534 -8%
WAM
29
Wolverine Asset Management
Illinois
$294K +$301K +49,098 New
GC
30
Guggenheim Capital
Illinois
$276K -$1K -163 -0.4%
WCM
31
WealthBridge Capital Management
Ohio
$250K +$256K +41,751 New
BRWA
32
B. Riley Wealth Advisors
Florida
$249K +$11.6K +1,885 +4%
GCP
33
Gill Capital Partners
Colorado
$243K – – –
TWP
34
Tyche Wealth Partners
Texas
$238K – – –
Cambridge Investment Research Advisors
35
Cambridge Investment Research Advisors
Iowa
$230K -$8.26K -1,346 -3%
Bank of America
36
Bank of America
North Carolina
$228K -$2.19K -356 -0.9%
AGA
37
Arkos Global Advisors
Texas
$222K – – –
Nomura Holdings
38
Nomura Holdings
Japan
$219K +$161K +26,240 +252%
HF
39
HRT Financial
New York
$215K +$221K +35,945 New
IWM
40
IHT Wealth Management
Illinois
$202K – – –
Franklin Resources
41
Franklin Resources
California
$169K +$173K +28,251 New
CIA
42
Concurrent Investment Advisors
Florida
$167K – – –
Mariner
43
Mariner
Kansas
$157K – – –
BB
44
Burford Brothers
Texas
$155K – – –
TFCP
45
Twin Focus Capital Partners
Massachusetts
$144K -$233K -37,900 -61%
Citadel Advisors
46
Citadel Advisors
Florida
$138K +$141K +23,020 New
SP
47
Stonebrook Private
Michigan
$130K – – –
SPIA
48
Steward Partners Investment Advisory
New York
$126K – – –
JWM
49
Jupiter Wealth Management
Colorado
$120K – – –
FAG
50
Fortitude Advisory Group
Washington
$112K – – –
1
2
3 4 5

PMM Hedge Fund Activity: Q1 2024 in Review

94 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q1 2024, worth a combined $38.5M — down 10% from $42.9M a quarter earlier.

Sellers outnumbered buyers: 15 funds closed out of PMM and 13 opened new positions — a net loss of 2 holders — while 22 trimmed existing stakes and 15 added.

The largest buyer was Advisors Asset Management, adding an estimated $788K. The largest seller was Morgan Stanley, cutting an estimated $2.19M.

  • 94 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q1 2024, down from 96 in Q4 2023.
  • Funds reported $38.5M of Franklin Managed Municipal Income Trust stock for Q1 2024, down 10% quarter-over-quarter.
  • 13 funds opened new Franklin Managed Municipal Income Trust positions in Q1 2024 and 15 closed out, a net change of -2 holders.
  • The largest Franklin Managed Municipal Income Trust buyer in Q1 2024 was Advisors Asset Management, an estimated $788K added.
  • The largest Franklin Managed Municipal Income Trust seller in Q1 2024 was Morgan Stanley, an estimated $2.19M sold.

Based on aggregated 13F filings for Q1 2024.