Franklin Managed Municipal Income Trust
PMM
66 hedge funds and large institutions have $44M invested in Franklin Managed Municipal Income Trust in 2017 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 21 increasing their positions, 14 reducing their positions, and 9 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 14
11% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 9
6% more capital invested
Capital invested by funds: $41.5M → $44M (+$2.52M)
2% more funds holding
Funds holding: 65 → 66 (+1)
0.21% more ownership
Funds ownership: 10.69% → 10.9% (+0.21%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$2.6M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$932K |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
+$538K |
| 4 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$435K |
| 5 |
Cohen & Steers
New York
|
+$376K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.66M |
| 2 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$951K |
| 3 |
LCM
Laurion Capital Management
New York
|
-$833K |
| 4 |
LPL Financial
San Diego,
California
|
-$742K |
| 5 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$410K |
PMM Hedge Fund Activity: Q2 2017 in Review
66 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q2 2017, worth a combined $44M — up 6.1% from $41.5M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new PMM positions and 9 closed out — a net gain of 1 holder — while 21 added to existing stakes and 14 trimmed.
The largest buyer was Parametric Portfolio Associates, opening a new position worth an estimated $2.6M. The largest seller was Guggenheim Capital, cutting an estimated $1.66M.
- 66 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q2 2017, up from 65 in Q1 2017.
- Funds reported $44M of Franklin Managed Municipal Income Trust stock for Q2 2017, up 6.1% quarter-over-quarter.
- 10 funds opened new Franklin Managed Municipal Income Trust positions in Q2 2017 and 9 closed out, a net change of +1 holder.
- The largest Franklin Managed Municipal Income Trust buyer in Q2 2017 was Parametric Portfolio Associates, an estimated $2.6M added.
- The largest Franklin Managed Municipal Income Trust seller in Q2 2017 was Guggenheim Capital, an estimated $1.66M sold.
Based on aggregated 13F filings for Q2 2017.