Franklin Managed Municipal Income Trust
PMM
55 hedge funds and large institutions have $28.4M invested in Franklin Managed Municipal Income Trust in 2014 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 16 increasing their positions, 15 reducing their positions, and 13 closing their positions.
7% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 15
0.69% less ownership
Funds ownership: 7.85% → 7.16% (-0.69%)
5% less capital invested
Capital invested by funds: $29.8M → $28.4M (-$1.43M)
17% less funds holding
Funds holding: 66 → 55 (-11)
85% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MIM
Macroview Investment Management
Bethesda,
Maryland
|
+$1.34M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$690K |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$618K |
| 4 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$348K |
| 5 |
LPL Financial
San Diego,
California
|
+$233K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$1.08M |
| 2 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$828K |
| 3 |
Invesco
Atlanta,
Georgia
|
-$725K |
| 4 |
GF
Gerstein Fisher
New York
|
-$706K |
| 5 |
PRCM
Pine River Capital Management
Minnetonka,
Minnesota
|
-$521K |
PMM Hedge Fund Activity: Q1 2014 in Review
55 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q1 2014, worth a combined $28.4M — down 4.8% from $29.8M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of PMM and 2 opened new positions — a net loss of 11 holders — while 15 trimmed existing stakes and 16 added.
The largest buyer was Macroview Investment Management, adding an estimated $1.34M. The largest seller was Mariner Investment Group, exiting entirely with an estimated $1.08M sold.
- 55 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q1 2014, down from 66 in Q4 2013.
- Funds reported $28.4M of Franklin Managed Municipal Income Trust stock for Q1 2014, down 4.8% quarter-over-quarter.
- 2 funds opened new Franklin Managed Municipal Income Trust positions in Q1 2014 and 13 closed out, a net change of -11 holders.
- The largest Franklin Managed Municipal Income Trust buyer in Q1 2014 was Macroview Investment Management, an estimated $1.34M added.
- The largest Franklin Managed Municipal Income Trust seller in Q1 2014 was Mariner Investment Group, an estimated $1.08M sold.
Based on aggregated 13F filings for Q1 2014.