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PMM

Franklin Managed Municipal Income Trust
PMM

92 hedge funds and large institutions have $46.5M invested in Franklin Managed Municipal Income Trust in 2024 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 20 increasing their positions, 22 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

225% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 4

14% more capital invested

Capital invested by funds: $40.7M → $46.5M (+$5.75M)

11% more funds holding

Funds holding: 83 → 92 (+9)

1.37% more ownership

Funds ownership: 14.16% → 15.53% (+1.4%)

9% less repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 22

Holders
92
Holders Change
+9
Holders Change %
+10.84%
% of All Funds
1.32%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
13
Increased
20
Reduced
22
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
+$2.2M
2
SIA
Sit Investment Associates
Minnesota
+$1.02M
3
WAM
Wolverine Asset Management
Illinois
+$388K
4
Pathstone Holdings
Pathstone Holdings
New Jersey
+$370K
5
Wells Fargo
Wells Fargo
California
+$348K

Top Sellers

Rank Fund Capital Flow
1
RCM
Robinson Capital Management
Michigan
-$556K
2
LCM
Landscape Capital Management
New Jersey
-$298K
3
AAM
Advisors Asset Management
Colorado
-$287K
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$217K
5
Nomura Holdings
Nomura Holdings
Japan
-$212K
Name Holding Trade Value Shares
Change 		Change in
Stake
Pathstone Holdings
26
Pathstone Holdings
New Jersey
$380K +$370K +58,312 New
RJFSA
27
Raymond James Financial Services Advisors
Florida
$367K -$2.85K -449 -0.8%
Osaic Holdings
28
Osaic Holdings
Arizona
$358K +$19.4K +3,053 +6%
WCM
29
WealthBridge Capital Management
Ohio
$340K +$31.4K +4,950 +10%
LCM
30
Landscape Capital Management
New Jersey
$307K -$298K -46,932 -50%
Invesco
31
Invesco
Georgia
$276K -$125K -19,700 -32%
GCP
32
Gill Capital Partners
Colorado
$270K – – –
AAS
33
Avantax Advisory Services
Texas
$267K +$7.06K +1,113 +3%
TWP
34
Tyche Wealth Partners
Texas
$259K – – –
AGA
35
Arkos Global Advisors
Texas
$241K – – –
TJHA
36
Thomas J. Herzfeld Advisors
Florida
$233K +$227K +35,798 New
JPLA
37
Joseph P. Lucia & Associates
New York
$229K -$84.1K -13,262 -27%
CCFM
38
Clear Creek Financial Management
Washington
$224K +$38K +6,000 +21%
IWM
39
IHT Wealth Management
Illinois
$220K – – –
Cambridge Investment Research Advisors
40
Cambridge Investment Research Advisors
Iowa
$212K +$368 +58 +0.2%
CIA
41
Concurrent Investment Advisors
Florida
$186K +$11K +1,728 +6%
WB
42
WesBanco Bank
West Virginia
$180K – – –
BB
43
Burford Brothers
Texas
$168K – – –
NA
44
NewEdge Advisors
Louisiana
$159K +$63 +10 +0%
TFCP
45
Twin Focus Capital Partners
Massachusetts
$156K +$152K +23,993 New
BRWA
46
B. Riley Wealth Advisors
Florida
$145K -$79.5K -12,533 -36%
SPIA
47
Steward Partners Investment Advisory
New York
$143K – – –
FAG
48
Fortitude Advisory Group
Washington
$119K – – –
FAIM
49
Financial Advocates Investment Management
Washington
$117K – – –
KAS
50
Kestra Advisory Services
Texas
$117K -$39.3K -6,196 -26%
1
2
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PMM Hedge Fund Activity: Q3 2024 in Review

92 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q3 2024, worth a combined $46.5M — up 14% from $40.7M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new PMM positions and 4 closed out — a net gain of 9 holders — while 20 added to existing stakes and 22 trimmed.

The largest buyer was Guggenheim Capital, adding an estimated $2.2M. The largest seller was Robinson Capital Management, cutting an estimated $556K.

  • 92 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q3 2024, up from 83 in Q2 2024.
  • Funds reported $46.5M of Franklin Managed Municipal Income Trust stock for Q3 2024, up 14% quarter-over-quarter.
  • 13 funds opened new Franklin Managed Municipal Income Trust positions in Q3 2024 and 4 closed out, a net change of +9 holders.
  • The largest Franklin Managed Municipal Income Trust buyer in Q3 2024 was Guggenheim Capital, an estimated $2.2M added.
  • The largest Franklin Managed Municipal Income Trust seller in Q3 2024 was Robinson Capital Management, an estimated $556K sold.

Based on aggregated 13F filings for Q3 2024.