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PMM

Franklin Managed Municipal Income Trust
PMM

58 hedge funds and large institutions have $42M invested in Franklin Managed Municipal Income Trust in 2016 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 20 increasing their positions, 14 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

43% more repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 14

7% more capital invested

Capital invested by funds: $39.4M → $42M (+$2.62M)

0.67% more ownership

Funds ownership: 8.82% → 9.49% (+0.67%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

5% less funds holding

Funds holding: 61 → 58 (-3)

43% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 7

Holders
58
Holders Change
-3
Holders Change %
-4.92%
% of All Funds
1.55%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
4
Increased
20
Reduced
14
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
AAM
Advisors Asset Management
Colorado
+$1.49M
2
Cohen & Steers
Cohen & Steers
New York
+$843K
3
RCM
Robinson Capital Management
Michigan
+$574K
4
UBS Group
UBS Group
Switzerland
+$306K
5
Ameriprise
Ameriprise
Minnesota
+$279K

Top Sellers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
-$928K
2
Morgan Stanley
Morgan Stanley
New York
-$363K
3
OFG
OTA Financial Group
New York
-$308K
4
MIM
Macroview Investment Management
Maryland
-$199K
5
EAM
Evanson Asset Management
California
-$142K
Name Holding Trade Value Shares
Change 		Change in
Stake
BAM
51
Brave Asset Management
New Jersey
$20K – – –
WEC
52
Winslow Evans & Crocker
Massachusetts
$16.3K – – –
KA
53
Klingman & Associates
New York
$12K – – –
Fifth Third Bancorp
54
Fifth Third Bancorp
Ohio
$8K – – –
GWM
55
Geneos Wealth Management
Colorado
$8K – – –
MFS
56
MSI Financial Services
Massachusetts
$7K -$8.03K -1,009 -57%
Citigroup
57
Citigroup
New York
$5K – – –
CCM
58
Cribstone Capital Management
Maine
$2K – – –
OFG
59
OTA Financial Group
New York
– -$308K -38,331 Closed
EAM
60
Evanson Asset Management
California
– -$142K -17,682 Closed
SI
61
SII Investments
Wisconsin
– -$87K -10,872 Closed
Deutsche Bank
62
Deutsche Bank
Germany
– -$44K -5,500 Closed
Northwestern Mutual Wealth Management
63
Northwestern Mutual Wealth Management
Wisconsin
– -$12K -1,450 Closed
AIM
64
Anchor Investment Management
South Carolina
– -$9.65K -1,200 Closed
CFG
65
Citizens Financial Group
Rhode Island
– -$4K -480 Closed
1 2
3

PMM Hedge Fund Activity: Q3 2016 in Review

58 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q3 2016, worth a combined $42M — up 6.7% from $39.4M a quarter earlier.

Sellers outnumbered buyers: 7 funds closed out of PMM and 4 opened new positions — a net loss of 3 holders — while 14 trimmed existing stakes and 20 added.

The largest buyer was Advisors Asset Management, adding an estimated $1.49M. The largest seller was Wells Fargo, cutting an estimated $928K.

  • 58 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q3 2016, down from 61 in Q2 2016.
  • Funds reported $42M of Franklin Managed Municipal Income Trust stock for Q3 2016, up 6.7% quarter-over-quarter.
  • 4 funds opened new Franklin Managed Municipal Income Trust positions in Q3 2016 and 7 closed out, a net change of -3 holders.
  • The largest Franklin Managed Municipal Income Trust buyer in Q3 2016 was Advisors Asset Management, an estimated $1.49M added.
  • The largest Franklin Managed Municipal Income Trust seller in Q3 2016 was Wells Fargo, an estimated $928K sold.

Based on aggregated 13F filings for Q3 2016.