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PMM

Franklin Managed Municipal Income Trust
PMM

80 hedge funds and large institutions have $52.1M invested in Franklin Managed Municipal Income Trust in 2025 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 21 increasing their positions, 19 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

11% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 19

10% more capital invested

Capital invested by funds: $47.1M → $52.1M (+$4.94M)

2.49% more ownership

Funds ownership: 17% → 19.48% (+2.5%)

14% less funds holding

Funds holding: 93 → 80 (-13)

56% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 18

Holders
80
Holders Change
-13
Holders Change %
-13.98%
% of All Funds
1.07%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
21
Reduced
19
Closed
18
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
+$1.81M
2
HWAM
Hennion & Walsh Asset Management
New Jersey
+$1.6M
3
Wells Fargo
Wells Fargo
California
+$1.32M
4
GC
Guggenheim Capital
Illinois
+$1.2M
5
Pathstone Holdings
Pathstone Holdings
New Jersey
+$1.02M

Top Sellers

Rank Fund Capital Flow
1
RCM
Robinson Capital Management
Michigan
-$1.89M
2
WAM
Wolverine Asset Management
Illinois
-$597K
3
VanEck Associates
VanEck Associates
New York
-$452K
4
Nomura Holdings
Nomura Holdings
Japan
-$304K
5
TJHA
Thomas J. Herzfeld Advisors
Florida
-$259K
Name Holding Trade Value Shares
Change 		Change in
Stake
Commonwealth Equity Services
26
Commonwealth Equity Services
Massachusetts
$375K +$7.87K +1,269 +2%
OC
27
Oppenheimer & Co
New York
$360K – – –
Cetera Investment Advisers
28
Cetera Investment Advisers
Illinois
$337K -$12.3K -1,980 -3%
Susquehanna International Group
29
Susquehanna International Group
Pennsylvania
$333K +$19.7K +3,171 +6%
Osaic Holdings
30
Osaic Holdings
Arizona
$307K -$7.51K -1,212 -2%
EAM
31
Everstar Asset Management
North Carolina
$275K -$3.73K -602 -1%
GCP
32
Gill Capital Partners
Colorado
$255K – – –
TWP
33
Tyche Wealth Partners
Texas
$243K – – –
AAS
34
Avantax Advisory Services
Texas
$239K -$99.8K -16,097 -29%
WCM
35
WealthBridge Capital Management
Ohio
$221K – – –
Cambridge Investment Research Advisors
36
Cambridge Investment Research Advisors
Iowa
$217K +$5.24K +845 +2%
NA
37
NewEdge Advisors
Louisiana
$211K +$62.1K +10,014 +41%
KAS
38
Kestra Advisory Services
Texas
$206K +$2.79K +450 +1%
CCFM
39
Clear Creek Financial Management
Washington
$198K -$12.4K -2,000 -6%
JPLA
40
Joseph P. Lucia & Associates
New York
$194K -$12.3K -1,984 -6%
CIA
41
Concurrent Investment Advisors
Florida
$178K +$2.27K +367 +1%
WB
42
WesBanco Bank
West Virginia
$170K – – –
BB
43
Burford Brothers
Texas
$158K – – –
TFCP
44
Twin Focus Capital Partners
Massachusetts
$147K – – –
XF
45
XML Financial
Maryland
$142K +$143K +23,100 New
Citadel Advisors
46
Citadel Advisors
Florida
$132K +$31.6K +5,099 +31%
FAIM
47
Financial Advocates Investment Management
Washington
$125K +$19.7K +3,185 +19%
SPIA
48
Steward Partners Investment Advisory
New York
$116K -$22.3K -3,600 -16%
FAG
49
Fortitude Advisory Group
Washington
$107K – – –
NWMP
50
Noble Wealth Management PBC
Colorado
$106K – – –
1
2
3 4

PMM Hedge Fund Activity: Q1 2025 in Review

80 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q1 2025, worth a combined $52.1M — up 10% from $47.1M a quarter earlier.

Sellers outnumbered buyers: 18 funds closed out of PMM and 8 opened new positions — a net loss of 10 holders — while 19 trimmed existing stakes and 21 added.

The largest buyer was Sit Investment Associates, adding an estimated $1.81M. The largest seller was Robinson Capital Management, exiting entirely with an estimated $1.89M sold.

  • 80 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q1 2025, down from 93 in Q4 2024.
  • Funds reported $52.1M of Franklin Managed Municipal Income Trust stock for Q1 2025, up 10% quarter-over-quarter.
  • 8 funds opened new Franklin Managed Municipal Income Trust positions in Q1 2025 and 18 closed out, a net change of -10 holders.
  • The largest Franklin Managed Municipal Income Trust buyer in Q1 2025 was Sit Investment Associates, an estimated $1.81M added.
  • The largest Franklin Managed Municipal Income Trust seller in Q1 2025 was Robinson Capital Management, an estimated $1.89M sold.

Based on aggregated 13F filings for Q1 2025.