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PMM

Franklin Managed Municipal Income Trust

66 hedge funds and large institutions have $29.8M invested in Franklin Managed Municipal Income Trust in 2013 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 18 increasing their positions, 15 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

78% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 9

20% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 15

12% more funds holding

Funds holding: 5966 (+7)

9% more capital invested

Capital invested by funds: $27.3M → $29.8M (+$2.56M)

0.91% more ownership

Funds ownership: 6.95%7.85% (+0.91%)

Holders
66
Holders Change
+7
Holders Change %
+11.86%
% of All Funds
1.92%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
16
Increased
18
Reduced
15
Closed
9
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
KT
51
Kanaly Trust
Texas
$21K +$21.3K +3,200 New
Bank of Montreal
52
Bank of Montreal
Ontario, Canada
$20K -$9.49K -1,426 -32%
BAM
53
Brave Asset Management
New Jersey
$17K +$16.6K +2,500 New
WA
54
WFG Advisors
Texas
$14K
WEC
55
Winslow Evans & Crocker
Massachusetts
$14K +$13.6K +2,050 New
DADC
56
D.A. Davidson & Co
Montana
$13K -$20K -3,000 -60%
FHA
57
First Horizon Advisors
Tennessee
$13K
NES
58
New England Securities
New York
$13K
MFS
59
MSI Financial Services
Massachusetts
$12K +$3.95K +593 +49%
TJHA
60
Thomas J. Herzfeld Advisors
Florida
$10K
BIM
61
BlackRock Investment Management
Delaware
$7K
Fifth Third Bancorp
62
Fifth Third Bancorp
Ohio
$7K
CFA
63
Carroll Financial Associates
North Carolina
$6K
FAM
64
Formidable Asset Management
Ohio
$6K
Citigroup
65
Citigroup
New York
$4K
MA
66
MUFG Americas
New York
$1K +$752 +113 New
FTCM
67
Fir Tree Capital Management
New York
-$2.16M -315,995 Closed
RCM
68
Rivernorth Capital Management
Florida
-$1.02M -148,674 Closed
WAM
69
Wolverine Asset Management
Illinois
-$338K -49,542 Closed
PP
70
Paloma Partners
Connecticut
-$145K -21,200 Closed
TCM
71
Texan Capital Management
Texas
-$220K -20,125 Closed
EFS
72
Essex Financial Services
Connecticut
-$102 -14,968 Closed
PMFA
73
Plante Moran Financial Advisors
Michigan
-$58K -8,502 Closed
WF
74
WealthTrust Fairport
Ohio
-$4K -590 Closed

PMM Hedge Fund Activity: Q4 2013 in Review

66 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q4 2013, worth a combined $29.8M — up 9.4% from $27.3M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new PMM positions and 9 closed out — a net gain of 7 holders — while 18 added to existing stakes and 15 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $1.16M. The largest seller was Fir Tree Capital Management, exiting entirely with an estimated $2.16M sold.

  • 66 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q4 2013, up from 59 in Q3 2013.
  • Funds reported $29.8M of Franklin Managed Municipal Income Trust stock for Q4 2013, up 9.4% quarter-over-quarter.
  • 16 funds opened new Franklin Managed Municipal Income Trust positions in Q4 2013 and 9 closed out, a net change of +7 holders.
  • The largest Franklin Managed Municipal Income Trust buyer in Q4 2013 was Morgan Stanley, an estimated $1.16M added.
  • The largest Franklin Managed Municipal Income Trust seller in Q4 2013 was Fir Tree Capital Management, an estimated $2.16M sold.

Based on aggregated 13F filings for Q4 2013.