Franklin Managed Municipal Income Trust
PMM
63 hedge funds and large institutions have $41.5M invested in Franklin Managed Municipal Income Trust in 2015 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 16 increasing their positions, 17 reducing their positions, and 6 closing their positions.
17% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 6
2% more funds holding
Funds holding: 62 → 63 (+1)
2% more capital invested
Capital invested by funds: $40.7M → $41.5M (+$770K)
0.07% more ownership
Funds ownership: 10.37% → 10.44% (+0.07%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
6% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 17
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$1.43M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$601K |
| 3 |
NPC
National Planning Corporation
El Segundo,
California
|
+$361K |
| 4 |
TFMS
Trust & Fiduciary Management Services
Boston,
Massachusetts
|
+$280K |
| 5 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$227K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$912K |
| 2 |
GEM
Global Endowment Management
Charlotte,
North Carolina
|
-$566K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$422K |
| 4 |
MIM
Macroview Investment Management
Bethesda,
Maryland
|
-$318K |
| 5 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$251K |
PMM Hedge Fund Activity: Q3 2015 in Review
63 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q3 2015, worth a combined $41.5M — up 1.9% from $40.7M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new PMM positions and 6 closed out — a net gain of 1 holder — while 16 added to existing stakes and 17 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $1.43M. The largest seller was Advisors Asset Management, cutting an estimated $912K.
- 63 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q3 2015, up from 62 in Q2 2015.
- Funds reported $41.5M of Franklin Managed Municipal Income Trust stock for Q3 2015, up 1.9% quarter-over-quarter.
- 7 funds opened new Franklin Managed Municipal Income Trust positions in Q3 2015 and 6 closed out, a net change of +1 holder.
- The largest Franklin Managed Municipal Income Trust buyer in Q3 2015 was Morgan Stanley, an estimated $1.43M added.
- The largest Franklin Managed Municipal Income Trust seller in Q3 2015 was Advisors Asset Management, an estimated $912K sold.
Based on aggregated 13F filings for Q3 2015.