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PMM

Franklin Managed Municipal Income Trust
PMM

65 hedge funds and large institutions have $41.5M invested in Franklin Managed Municipal Income Trust in 2017 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 18 increasing their positions, 19 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

3% more capital invested

Capital invested by funds: $40.4M → $41.5M (+$1.02M)

0.41% more ownership

Funds ownership: 10.28% → 10.69% (+0.41%)

0% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 8

5% less repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 19

2% less funds holding

Funds holding: 66 → 65 (-1)

Holders
65
Holders Change
-1
Holders Change %
-1.52%
% of All Funds
1.62%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
18
Reduced
19
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Invesco
Invesco
Georgia
+$891K
2
LCM
Laurion Capital Management
New York
+$837K
3
Ameriprise
Ameriprise
Minnesota
+$659K
4
RJFSA
Raymond James Financial Services Advisors
Florida
+$479K
5
RJA
Raymond James & Associates
Florida
+$477K

Top Sellers

Rank Fund Capital Flow
1
AAM
Advisors Asset Management
Colorado
-$977K
2
Morgan Stanley
Morgan Stanley
New York
-$771K
3
GC
Guggenheim Capital
Illinois
-$554K
4
KIM
Karpus Investment Management
New York
-$428K
5
DA
Doliver Advisors
Texas
-$220K
Name Holding Trade Value Shares
Change 		Change in
Stake
WEC
51
Winslow Evans & Crocker
Massachusetts
$25.8K +$10.9K +1,500 +73%
EWM
52
Evercore Wealth Management
New York
$24K – – –
GWM
53
Geneos Wealth Management
Colorado
$23K – – –
KF
54
Krilogy Financial
Missouri
$20K – – –
Northwestern Mutual Wealth Management
55
Northwestern Mutual Wealth Management
Wisconsin
$11K – – –
PFO
56
Pathstone Family Office
New Jersey
$8K +$7.88K +1,080 New
WA
57
WFG Advisors
Texas
$7K -$14.6K -2,000 -69%
Fifth Third Bancorp
58
Fifth Third Bancorp
Ohio
$7K – – –
Citigroup
59
Citigroup
New York
$5K – – –
IWM
60
IHT Wealth Management
Illinois
$4K – – –
MPWT
61
MassMutual Private Wealth & Trust
Connecticut
$3.63K +$3.65K +500 New
MA
62
MUFG Americas
New York
$3K +$3.15K +432 New
CCM
63
Cribstone Capital Management
Maine
$2K – – –
AAP
64
Arax Advisory Partners
Colorado
$2K +$22 +3 +0.8%
NDSI
65
Newman Dignan & Sheerar Inc
Rhode Island
$257 +$258K +35,385 New
VKH
66
Virtu KCG Holdings
New York
– -$177K -24,974 Closed
Squarepoint
67
Squarepoint
New York
– -$163K -23,080 Closed
MAM
68
Marquette Asset Management
Minnesota
– -$147K -20,860 Closed
TSS
69
Two Sigma Securities
New York
– -$129K -18,301 Closed
Millennium Management
70
Millennium Management
New York
– -$107K -15,092 Closed
TWA
71
TCI Wealth Advisors
Arizona
– -$106K -15,000 Closed
WAM
72
Weiss Asset Management
Massachusetts
– -$105K -14,877 Closed
NFG
73
Next Financial Group
Texas
– -$52K -7,300 Closed
1 2
3

PMM Hedge Fund Activity: Q1 2017 in Review

65 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q1 2017, worth a combined $41.5M — up 2.5% from $40.4M a quarter earlier.

Fund positioning in PMM was balanced in Q1 2017: 8 funds opened new positions, 8 closed out, 18 added to existing stakes and 19 trimmed.

The largest buyer was Invesco, adding an estimated $891K. The largest seller was Advisors Asset Management, cutting an estimated $977K.

  • 65 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q1 2017, down from 66 in Q4 2016.
  • Funds reported $41.5M of Franklin Managed Municipal Income Trust stock for Q1 2017, up 2.5% quarter-over-quarter.
  • 8 funds opened new Franklin Managed Municipal Income Trust positions in Q1 2017 and 8 closed out, a net change of 0 holders.
  • The largest Franklin Managed Municipal Income Trust buyer in Q1 2017 was Invesco, an estimated $891K added.
  • The largest Franklin Managed Municipal Income Trust seller in Q1 2017 was Advisors Asset Management, an estimated $977K sold.

Based on aggregated 13F filings for Q1 2017.