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PMM

Franklin Managed Municipal Income Trust
PMM

83 hedge funds and large institutions have $40.7M invested in Franklin Managed Municipal Income Trust in 2024 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 20 increasing their positions, 23 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

6% more capital invested

Capital invested by funds: $38.5M → $40.7M (+$2.22M)

0.29% more ownership

Funds ownership: 13.87% → 14.16% (+0.29%)

12% less funds holding

Funds holding: 94 → 83 (-11)

13% less repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 23

64% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 14

Holders
83
Holders Change
-11
Holders Change %
-11.7%
% of All Funds
1.2%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
20
Reduced
23
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
+$1.19M
2
AAM
Advisors Asset Management
Colorado
+$955K
3
Bank of America
Bank of America
North Carolina
+$449K
4
RCM
Robinson Capital Management
Michigan
+$311K
5
VanEck Associates
VanEck Associates
New York
+$256K

Top Sellers

Rank Fund Capital Flow
1
Osaic Holdings
Osaic Holdings
Arizona
-$413K
2
HF
HRT Financial
New York
-$215K
3
Invesco
Invesco
Georgia
-$207K
4
Franklin Resources
Franklin Resources
California
-$169K
5
Ameriprise
Ameriprise
Minnesota
-$156K
Name Holding Trade Value Shares
Change 		Change in
Stake
RJFSA
26
Raymond James Financial Services Advisors
Florida
$353K -$117K -19,564 -26%
Osaic Holdings
27
Osaic Holdings
Arizona
$322K -$413K -68,789 -57%
JPLA
28
Joseph P. Lucia & Associates
New York
$300K -$13.7K -2,275 -4%
Nomura Holdings
29
Nomura Holdings
Japan
$298K +$69K +11,500 +31%
WCM
30
WealthBridge Capital Management
Ohio
$293K +$33.3K +5,549 +13%
GCP
31
Gill Capital Partners
Colorado
$258K – – –
AAS
32
Avantax Advisory Services
Texas
$247K -$87.3K -14,540 -27%
TWP
33
Tyche Wealth Partners
Texas
$246K – – –
AGA
34
Arkos Global Advisors
Texas
$229K – – –
Susquehanna International Group
35
Susquehanna International Group
Pennsylvania
$217K -$100K -16,685 -32%
BRWA
36
B. Riley Wealth Advisors
Florida
$216K -$63.7K -10,616 -23%
IWM
37
IHT Wealth Management
Illinois
$209K – – –
Cambridge Investment Research Advisors
38
Cambridge Investment Research Advisors
Iowa
$202K -$35K -5,835 -15%
CCFM
39
Clear Creek Financial Management
Washington
$176K +$84K +14,000 +98%
WB
40
WesBanco Bank
West Virginia
$172K +$166K +27,700 New
CIA
41
Concurrent Investment Advisors
Florida
$167K -$5.83K -971 -3%
BB
42
Burford Brothers
Texas
$160K – – –
NA
43
NewEdge Advisors
Louisiana
$151K +$70.4K +11,726 +93%
SPIA
44
Steward Partners Investment Advisory
New York
$136K +$6K +1,000 +5%
AWM
45
Activest Wealth Management
Florida
$133K +$129K +21,500 New
JWM
46
Jupiter Wealth Management
Colorado
$126K – – –
FAG
47
Fortitude Advisory Group
Washington
$113K -$2.88K -479 -3%
FAIM
48
Financial Advocates Investment Management
Washington
$112K – – –
KAS
49
Kestra Advisory Services
Texas
$111K +$145K +24,217 New
SWM
50
Spire Wealth Management
Virginia
$108K – – –
1
2
3 4

PMM Hedge Fund Activity: Q2 2024 in Review

83 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q2 2024, worth a combined $40.7M — up 5.8% from $38.5M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of PMM and 5 opened new positions — a net loss of 9 holders — while 23 trimmed existing stakes and 20 added.

The largest buyer was Guggenheim Capital, adding an estimated $1.19M. The largest seller was Osaic Holdings, cutting an estimated $413K.

  • 83 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q2 2024, down from 94 in Q1 2024.
  • Funds reported $40.7M of Franklin Managed Municipal Income Trust stock for Q2 2024, up 5.8% quarter-over-quarter.
  • 5 funds opened new Franklin Managed Municipal Income Trust positions in Q2 2024 and 14 closed out, a net change of -9 holders.
  • The largest Franklin Managed Municipal Income Trust buyer in Q2 2024 was Guggenheim Capital, an estimated $1.19M added.
  • The largest Franklin Managed Municipal Income Trust seller in Q2 2024 was Osaic Holdings, an estimated $413K sold.

Based on aggregated 13F filings for Q2 2024.