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PMM

Franklin Managed Municipal Income Trust
PMM

80 hedge funds and large institutions have $49.9M invested in Franklin Managed Municipal Income Trust in 2025 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 19 increasing their positions, 16 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

19% more repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 16

0.4% less ownership

Funds ownership: 18.2% → 17.8% (-0.4%)

1% less capital invested

Capital invested by funds: $50.5M → $49.9M (-$613K)

5% less funds holding

Funds holding: 84 → 80 (-4)

18% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 11

Holders
80
Holders Change
-4
Holders Change %
-4.76%
% of All Funds
1.05%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
9
Increased
19
Reduced
16
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
+$600K
2
Ameriprise
Ameriprise
Minnesota
+$488K
3
Cetera Investment Advisers
Cetera Investment Advisers
Illinois
+$463K
4
Invesco
Invesco
Georgia
+$463K
5
HWAM
Hennion & Walsh Asset Management
New Jersey
+$345K

Top Sellers

Rank Fund Capital Flow
1
AAM
Advisors Asset Management
Colorado
-$1.16M
2
Pathstone Holdings
Pathstone Holdings
New Jersey
-$699K
3
AF
Allworth Financial
California
-$345K
4
BBHC
Brown Brothers Harriman & Co
New York
-$332K
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$322K
Name Holding Trade Value Shares
Change 		Change in
Stake
KAS
26
Kestra Advisory Services
Texas
$269K +$22.8K +3,842 +9%
USCWA
27
U.S. Capital Wealth Advisors
Texas
$253K +$66.6K +11,229 +37%
TWP
28
Tyche Wealth Partners
Texas
$240K – – –
Cambridge Investment Research Advisors
29
Cambridge Investment Research Advisors
Iowa
$221K -$8.76K -1,477 -4%
NA
30
NewEdge Advisors
Louisiana
$208K +$77 +13 +0%
GCP
31
Gill Capital Partners
Colorado
$202K -$47.9K -8,070 -19%
CCFM
32
Clear Creek Financial Management
Washington
$192K – – –
WCM
33
WealthBridge Capital Management
Ohio
$188K – – –
JPLA
34
Joseph P. Lucia & Associates
New York
$180K -$5.93K -1,000 -3%
CIA
35
Concurrent Investment Advisors
Florida
$175K – – –
EAM
36
Everstar Asset Management
North Carolina
$175K -$5.41K -912 -3%
WB
37
WesBanco Bank
West Virginia
$167K – – –
BB
38
Burford Brothers
Texas
$156K – – –
TFCP
39
Twin Focus Capital Partners
Massachusetts
$145K – – –
ACA
40
Ackerman Capital Advisors
Texas
$141K +$139K +23,414 New
FAG
41
Fortitude Advisory Group
Washington
$110K – – –
ATPW
42
Ashton Thomas Private Wealth
Arizona
$105K – – –
NWMP
43
Noble Wealth Management PBC
Colorado
$95.7K +$94.1K +15,850 New
RAM
44
Readystate Asset Management
Illinois
$94.3K +$92.7K +15,619 New
UBG
45
United Bank (Georgia)
Georgia
$87K – – –
HWM
46
Hohimer Wealth Management
Washington
$86.9K – – –
MWM
47
Meridian Wealth Management
Kentucky
$86.3K – – –
Mariner
48
Mariner
Kansas
$84.8K – – –
RIA
49
Regal Investment Advisors
Michigan
$82.2K – – –
PA
50
Procyon Advisors
Connecticut
$77.3K – – –
1
2
3 4

PMM Hedge Fund Activity: Q3 2025 in Review

80 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q3 2025, worth a combined $49.9M — down 1.2% from $50.5M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of PMM and 9 opened new positions — a net loss of 2 holders — while 16 trimmed existing stakes and 19 added.

The largest buyer was Wells Fargo, adding an estimated $600K. The largest seller was Advisors Asset Management, cutting an estimated $1.16M.

  • 80 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q3 2025, down from 84 in Q2 2025.
  • Funds reported $49.9M of Franklin Managed Municipal Income Trust stock for Q3 2025, down 1.2% quarter-over-quarter.
  • 9 funds opened new Franklin Managed Municipal Income Trust positions in Q3 2025 and 11 closed out, a net change of -2 holders.
  • The largest Franklin Managed Municipal Income Trust buyer in Q3 2025 was Wells Fargo, an estimated $600K added.
  • The largest Franklin Managed Municipal Income Trust seller in Q3 2025 was Advisors Asset Management, an estimated $1.16M sold.

Based on aggregated 13F filings for Q3 2025.