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PMM

Franklin Managed Municipal Income Trust
PMM

63 hedge funds and large institutions have $45.9M invested in Franklin Managed Municipal Income Trust in 2017 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 27 increasing their positions, 14 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

93% more repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 14

4% more capital invested

Capital invested by funds: $44M → $45.9M (+$1.88M)

0.37% more ownership

Funds ownership: 10.9% → 11.26% (+0.37%)

5% less funds holding

Funds holding: 66 → 63 (-3)

50% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 4

Holders
63
Holders Change
-3
Holders Change %
-4.55%
% of All Funds
1.57%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
2
Increased
27
Reduced
14
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Invesco
Invesco
Georgia
+$1.06M
2
RCM
Robinson Capital Management
Michigan
+$532K
3
GC
Guggenheim Capital
Illinois
+$501K
4
RJA
Raymond James & Associates
Florida
+$481K
5
CRC
Curi RMB Capital
Illinois
+$306K

Top Sellers

Rank Fund Capital Flow
1
AAM
Advisors Asset Management
Colorado
-$1.31M
2
PPA
Parametric Portfolio Associates
Washington
-$631K
3
WS
Wedbush Securities
California
-$321K
4
TJHA
Thomas J. Herzfeld Advisors
Florida
-$129K
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$102K
Name Holding Trade Value Shares
Change 		Change in
Stake
RAM
51
Riggs Asset Management
Pennsylvania
$65K – – –
PNC Financial Services Group
52
PNC Financial Services Group
Pennsylvania
$65K +$144 +19 +0.2%
US Bancorp
53
US Bancorp
Minnesota
$54K -$11.4K -1,506 -17%
Fifth Third Bancorp
54
Fifth Third Bancorp
Ohio
$39K +$5.06K +667 +15%
ASN
55
Advisory Services Network
Georgia
$38K – – –
WEC
56
Winslow Evans & Crocker
Massachusetts
$26.8K – – –
EWM
57
Evercore Wealth Management
New York
$25K – – –
GWM
58
Geneos Wealth Management
Colorado
$24K – – –
Northwestern Mutual Wealth Management
59
Northwestern Mutual Wealth Management
Wisconsin
$21K – – –
CHC
60
City Holding Co
West Virginia
$15K +$15.2K +2,000 New
Citigroup
61
Citigroup
New York
$11K +$6.07K +800 +120%
CPIG
62
Chicago Partners Investment Group
Illinois
$8K -$7.59K -1,000 -50%
MPWT
63
MassMutual Private Wealth & Trust
Connecticut
$3.78K – – –
CCM
64
Cribstone Capital Management
Maine
$2K – – –
WS
65
Wedbush Securities
California
– -$321K -42,795 Closed
Susquehanna International Group
66
Susquehanna International Group
Pennsylvania
– -$102K -13,561 Closed
VWA
67
V Wealth Advisors
Kansas
– -$37K -5,021 Closed
MA
68
MUFG Americas
New York
– -$3K -432 Closed
1 2
3

PMM Hedge Fund Activity: Q3 2017 in Review

63 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q3 2017, worth a combined $45.9M — up 4.3% from $44M a quarter earlier.

Sellers outnumbered buyers: 4 funds closed out of PMM and 2 opened new positions — a net loss of 2 holders — while 14 trimmed existing stakes and 27 added.

The largest buyer was Invesco, adding an estimated $1.06M. The largest seller was Advisors Asset Management, cutting an estimated $1.31M.

  • 63 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q3 2017, down from 66 in Q2 2017.
  • Funds reported $45.9M of Franklin Managed Municipal Income Trust stock for Q3 2017, up 4.3% quarter-over-quarter.
  • 2 funds opened new Franklin Managed Municipal Income Trust positions in Q3 2017 and 4 closed out, a net change of -2 holders.
  • The largest Franklin Managed Municipal Income Trust buyer in Q3 2017 was Invesco, an estimated $1.06M added.
  • The largest Franklin Managed Municipal Income Trust seller in Q3 2017 was Advisors Asset Management, an estimated $1.31M sold.

Based on aggregated 13F filings for Q3 2017.