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PMM

Franklin Managed Municipal Income Trust
PMM

67 hedge funds and large institutions have $35.1M invested in Franklin Managed Municipal Income Trust in 2014 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 19 increasing their positions, 13 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 4

46% more repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 13

12% more capital invested

Capital invested by funds: $31.3M → $35.1M (+$3.75M)

10% more funds holding

Funds holding: 61 → 67 (+6)

0.94% more ownership

Funds ownership: 7.75% → 8.68% (+0.94%)

Holders
67
Holders Change
+6
Holders Change %
+9.84%
% of All Funds
1.94%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
12
Increased
19
Reduced
13
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
DLG
Daniel L. Goodwin
+$851K
2
PPA
Parametric Portfolio Associates
Washington
+$818K
3
WAM
Wolverine Asset Management
Illinois
+$589K
4
AAM
Advisors Asset Management
Colorado
+$547K
5
Morgan Stanley
Morgan Stanley
New York
+$521K

Top Sellers

Rank Fund Capital Flow
1
BRWA
B. Riley Wealth Advisors
Florida
-$367K
2
GEM
Global Endowment Management
North Carolina
-$337K
3
NL
NWAM LLC
Washington
-$202K
4
Invesco
Invesco
Georgia
-$105K
5
TC
TFS Capital
Pennsylvania
-$105K
Name Holding Trade Value Shares
Change 		Change in
Stake
WA
51
WFG Advisors
Texas
$44K +$28.1K +4,000 +184%
PSI
52
Pinnacle Summer Investments
Virginia
$39K +$38.6K +5,496 New
AIG
53
American International Group
New York
$35.4K – – –
NES
54
New England Securities
New York
$27K +$16.4K +2,332 +159%
EWM
55
Evercore Wealth Management
New York
$24K +$23.6K +3,363 New
OIA
56
Optimum Investment Advisors
Illinois
$19K – – –
BAM
57
Brave Asset Management
New Jersey
$18K – – –
WEC
58
Winslow Evans & Crocker
Massachusetts
$14.5K – – –
DADC
59
D.A. Davidson & Co
Montana
$14K – – –
MPWT
60
MassMutual Private Wealth & Trust
Connecticut
$11.7K – – –
MFS
61
MSI Financial Services
Massachusetts
$11K +$42 +6 +0.4%
CFA
62
Carroll Financial Associates
North Carolina
$7K – – –
Fifth Third Bancorp
63
Fifth Third Bancorp
Ohio
$7K – – –
FAM
64
Formidable Asset Management
Ohio
$6K – – –
Citigroup
65
Citigroup
New York
$4K – – –
MA
66
MUFG Americas
New York
$3K +$1.07K +153 +58%
NL
67
NWAM LLC
Washington
– -$202K -28,172 Closed
TC
68
TFS Capital
Pennsylvania
– -$105K -14,707 Closed
AllianceBernstein
69
AllianceBernstein
Tennessee
– -$4K -543 Closed
1 2
3

PMM Hedge Fund Activity: Q3 2014 in Review

67 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q3 2014, worth a combined $35.1M — up 12% from $31.3M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new PMM positions and 4 closed out — a net gain of 8 holders — while 19 added to existing stakes and 13 trimmed.

The largest buyer was Daniel L. Goodwin, opening a new position worth an estimated $851K. The largest seller was B. Riley Wealth Advisors, cutting an estimated $367K.

  • 67 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q3 2014, up from 61 in Q2 2014.
  • Funds reported $35.1M of Franklin Managed Municipal Income Trust stock for Q3 2014, up 12% quarter-over-quarter.
  • 12 funds opened new Franklin Managed Municipal Income Trust positions in Q3 2014 and 4 closed out, a net change of +8 holders.
  • The largest Franklin Managed Municipal Income Trust buyer in Q3 2014 was Daniel L. Goodwin, an estimated $851K added.
  • The largest Franklin Managed Municipal Income Trust seller in Q3 2014 was B. Riley Wealth Advisors, an estimated $367K sold.

Based on aggregated 13F filings for Q3 2014.