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PMM

Franklin Managed Municipal Income Trust
PMM

84 hedge funds and large institutions have $50.5M invested in Franklin Managed Municipal Income Trust in 2025 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 24 increasing their positions, 17 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

75% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 8

41% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 17

5% more funds holding

Funds holding: 80 → 84 (+4)

3% less capital invested

Capital invested by funds: $52.1M → $50.5M (-$1.54M)

1.29% less ownership

Funds ownership: 19.48% → 18.2% (-1.3%)

Holders
84
Holders Change
+4
Holders Change %
+5%
% of All Funds
1.11%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
14
Increased
24
Reduced
17
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
HWAM
Hennion & Walsh Asset Management
New Jersey
+$1.47M
2
AF
Allworth Financial
California
+$611K
3
Invesco
Invesco
Georgia
+$549K
4
GC
Guggenheim Capital
Illinois
+$544K
5
Wells Fargo
Wells Fargo
California
+$414K

Top Sellers

Rank Fund Capital Flow
1
Pathstone Holdings
Pathstone Holdings
New Jersey
-$1.59M
2
RIL
Rothschild Investment LLC
Illinois
-$1.27M
3
RCM
Rivernorth Capital Management
Florida
-$917K
4
UBS Group
UBS Group
Switzerland
-$465K
5
ARC
Advisor Resource Council
Texas
-$406K
Name Holding Trade Value Shares
Change 		Change in
Stake
AAS
26
Avantax Advisory Services
Texas
$352K +$118K +19,998 +51%
XF
27
XML Financial
Maryland
$344K +$204K +34,500 +149%
Cetera Investment Advisers
28
Cetera Investment Advisers
Illinois
$338K +$9.33K +1,577 +3%
BBHC
29
Brown Brothers Harriman & Co
New York
$332K +$329K +55,583 New
Susquehanna International Group
30
Susquehanna International Group
Pennsylvania
$322K -$2.5K -422 -0.8%
GCP
31
Gill Capital Partners
Colorado
$248K – – –
KAS
32
Kestra Advisory Services
Texas
$243K +$41.3K +6,970 +21%
TWP
33
Tyche Wealth Partners
Texas
$238K – – –
Cambridge Investment Research Advisors
34
Cambridge Investment Research Advisors
Iowa
$228K +$15.4K +2,605 +7%
NA
35
NewEdge Advisors
Louisiana
$206K +$71 +12 +0%
CCFM
36
Clear Creek Financial Management
Washington
$191K -$2.84K -480 -1%
WCM
37
WealthBridge Capital Management
Ohio
$186K -$29.6K -5,000 -14%
JPLA
38
Joseph P. Lucia & Associates
New York
$184K -$5.03K -850 -3%
USCWA
39
U.S. Capital Wealth Advisors
Texas
$183K +$181K +30,606 New
EAM
40
Everstar Asset Management
North Carolina
$178K -$89.4K -15,100 -34%
CIA
41
Concurrent Investment Advisors
Florida
$174K – – –
WB
42
WesBanco Bank
West Virginia
$166K – – –
BB
43
Burford Brothers
Texas
$155K – – –
TFCP
44
Twin Focus Capital Partners
Massachusetts
$143K – – –
FAIM
45
Financial Advocates Investment Management
Washington
$122K – – –
BRWA
46
B. Riley Wealth Advisors
Florida
$110K +$109K +18,473 New
FAG
47
Fortitude Advisory Group
Washington
$109K – – –
ATPW
48
Ashton Thomas Private Wealth
Arizona
$104K +$103K +17,327 New
WS
49
Wedbush Securities
California
$92K +$17.5K +2,960 +24%
UBG
50
United Bank (Georgia)
Georgia
$86.1K – – –
1
2
3 4

PMM Hedge Fund Activity: Q2 2025 in Review

84 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q2 2025, worth a combined $50.5M — down 3% from $52.1M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new PMM positions and 8 closed out — a net gain of 6 holders — while 24 added to existing stakes and 17 trimmed.

The largest buyer was Hennion & Walsh Asset Management, adding an estimated $1.47M. The largest seller was Pathstone Holdings, cutting an estimated $1.59M.

  • 84 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q2 2025, up from 80 in Q1 2025.
  • Funds reported $50.5M of Franklin Managed Municipal Income Trust stock for Q2 2025, down 3% quarter-over-quarter.
  • 14 funds opened new Franklin Managed Municipal Income Trust positions in Q2 2025 and 8 closed out, a net change of +6 holders.
  • The largest Franklin Managed Municipal Income Trust buyer in Q2 2025 was Hennion & Walsh Asset Management, an estimated $1.47M added.
  • The largest Franklin Managed Municipal Income Trust seller in Q2 2025 was Pathstone Holdings, an estimated $1.59M sold.

Based on aggregated 13F filings for Q2 2025.