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PMM

Franklin Managed Municipal Income Trust
PMM

93 hedge funds and large institutions have $47.1M invested in Franklin Managed Municipal Income Trust in 2024 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 25 increasing their positions, 22 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

40% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 10

14% more repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 22

1.47% more ownership

Funds ownership: 15.53% → 17% (+1.5%)

1% more funds holding

Funds holding: 92 → 93 (+1)

1% more capital invested

Capital invested by funds: $46.5M → $47.1M (+$648K)

Holders
93
Holders Change
+1
Holders Change %
+1.09%
% of All Funds
1.22%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
14
Increased
25
Reduced
22
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Pathstone Holdings
Pathstone Holdings
New Jersey
+$1.02M
2
AAM
Advisors Asset Management
Colorado
+$933K
3
RCM
Rivernorth Capital Management
Florida
+$826K
4
Morgan Stanley
Morgan Stanley
New York
+$768K
5
GC
Guggenheim Capital
Illinois
+$760K

Top Sellers

Rank Fund Capital Flow
1
RCM
Robinson Capital Management
Michigan
-$454K
2
Ameriprise
Ameriprise
Minnesota
-$351K
3
IWM
IHT Wealth Management
Illinois
-$220K
4
LCM
Landscape Capital Management
New Jersey
-$210K
5
EAM
Everstar Asset Management
North Carolina
-$196K
Name Holding Trade Value Shares
Change 		Change in
Stake
Commonwealth Equity Services
26
Commonwealth Equity Services
Massachusetts
$357K +$1.07K +171 +0.3%
OC
27
Oppenheimer & Co
New York
$350K +$369K +58,707 New
Cetera Investment Advisers
28
Cetera Investment Advisers
Illinois
$340K -$51.9K -8,250 -13%
AAS
29
Avantax Advisory Services
Texas
$329K +$88.6K +14,099 +34%
Osaic Holdings
30
Osaic Holdings
Arizona
$306K -$22.9K -3,650 -7%
Susquehanna International Group
31
Susquehanna International Group
Pennsylvania
$305K +$321K +51,107 New
Nomura Holdings
32
Nomura Holdings
Japan
$304K +$228K +36,295 +247%
EAM
33
Everstar Asset Management
North Carolina
$272K -$196K -31,186 -41%
TJHA
34
Thomas J. Herzfeld Advisors
Florida
$259K +$47.4K +7,543 +21%
GCP
35
Gill Capital Partners
Colorado
$248K – – –
LSC
36
Logan Stone Capital
Illinois
$245K +$257K +40,956 New
RAM
37
Readystate Asset Management
Illinois
$242K +$255K +40,502 New
TWP
38
Tyche Wealth Partners
Texas
$237K – – –
WCM
39
WealthBridge Capital Management
Ohio
$215K -$102K -16,200 -31%
Cambridge Investment Research Advisors
40
Cambridge Investment Research Advisors
Iowa
$207K +$12.8K +2,039 +6%
CCFM
41
Clear Creek Financial Management
Washington
$205K – – –
Jane Street
42
Jane Street
New York
$203K +$214K +34,047 New
JPLA
43
Joseph P. Lucia & Associates
New York
$201K -$9.57K -1,523 -4%
KAS
44
Kestra Advisory Services
Texas
$198K +$95.5K +15,194 +84%
AGA
45
Arkos Global Advisors
Texas
$192K -$30.8K -4,906 -13%
CIA
46
Concurrent Investment Advisors
Florida
$171K – – –
WB
47
WesBanco Bank
West Virginia
$165K – – –
BB
48
Burford Brothers
Texas
$154K – – –
NA
49
NewEdge Advisors
Louisiana
$145K +$69 +11 +0%
TFCP
50
Twin Focus Capital Partners
Massachusetts
$143K – – –
1
2
3 4 5

PMM Hedge Fund Activity: Q4 2024 in Review

93 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q4 2024, worth a combined $47.1M — up 1.4% from $46.5M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new PMM positions and 10 closed out — a net gain of 4 holders — while 25 added to existing stakes and 22 trimmed.

The largest buyer was Pathstone Holdings, adding an estimated $1.02M. The largest seller was Robinson Capital Management, cutting an estimated $454K.

  • 93 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q4 2024, up from 92 in Q3 2024.
  • Funds reported $47.1M of Franklin Managed Municipal Income Trust stock for Q4 2024, up 1.4% quarter-over-quarter.
  • 14 funds opened new Franklin Managed Municipal Income Trust positions in Q4 2024 and 10 closed out, a net change of +4 holders.
  • The largest Franklin Managed Municipal Income Trust buyer in Q4 2024 was Pathstone Holdings, an estimated $1.02M added.
  • The largest Franklin Managed Municipal Income Trust seller in Q4 2024 was Robinson Capital Management, an estimated $454K sold.

Based on aggregated 13F filings for Q4 2024.