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PMM

Franklin Managed Municipal Income Trust
PMM

76 hedge funds and large institutions have $37.9M invested in Franklin Managed Municipal Income Trust in 2020 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 25 increasing their positions, 15 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

175% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 4

67% more repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 15

10% more capital invested

Capital invested by funds: $34.4M → $37.9M (+$3.54M)

10% more funds holding

Funds holding: 69 → 76 (+7)

0.43% more ownership

Funds ownership: 9.12% → 9.55% (+0.43%)

Holders
76
Holders Change
+7
Holders Change %
+10.14%
% of All Funds
1.34%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
11
Increased
25
Reduced
15
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KAS
Kestra Advisory Services
Texas
+$710K
2
Bank of America
Bank of America
North Carolina
+$435K
3
RJA
Raymond James & Associates
Florida
+$432K
4
JPLA
Joseph P. Lucia & Associates
New York
+$426K
5
PFT
Providence First Trust
Arizona
+$226K

Top Sellers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
-$944K
2
Invesco
Invesco
Georgia
-$711K
3
Truist Financial
Truist Financial
North Carolina
-$114K
4
Citigroup
Citigroup
New York
-$78.1K
5
Cohen & Steers
Cohen & Steers
New York
-$60K
Name Holding Trade Value Shares
Change 		Change in
Stake
PAG
51
Private Advisor Group
New Jersey
$87K – – –
Carson Wealth (CWM LLC)
52
Carson Wealth (CWM LLC)
Nebraska
$85K – – –
MAFM
53
Mid Atlantic Financial Management
Pennsylvania
$85K +$1.56K +200 +2%
WEC
54
Winslow Evans & Crocker
Massachusetts
$83K – – –
TH
55
TCTC Holdings
Texas
$81K – – –
PNC Financial Services Group
56
PNC Financial Services Group
Pennsylvania
$81K +$16.8K +2,150 +27%
AWG
57
Altus Wealth Group
Colorado
$59K +$57.5K +7,363 New
US Bancorp
58
US Bancorp
Minnesota
$58K – – –
M
59
MOTCO
Texas
$48K +$46.7K +5,978 New
BEI
60
Benjamin Edwards Inc
Missouri
$44K – – –
Rockefeller Capital Management
61
Rockefeller Capital Management
New York
$44K +$3.82K +489 +10%
BFC
62
Bedel Financial Consulting
Indiana
$40K – – –
AF
63
Advisornet Financial
Minnesota
$32K +$16.5K +2,116 +118%
COCM
64
Charter Oak Capital Management
New Hampshire
$20K +$19.5K +2,500 New
CA
65
Crewe Advisors
Utah
$20K +$19.5K +2,500 New
GWM
66
Geneos Wealth Management
Colorado
$17K – – –
CHC
67
City Holding Co
West Virginia
$16K – – –
NFSG
68
Newbridge Financial Services Group
Florida
$14K – – –
CWP
69
Concord Wealth Partners
Virginia
$13K +$12.1K +1,554 New
Citigroup
70
Citigroup
New York
$12K -$78.1K -10,000 -87%
TFS
71
TrustCore Financial Services
Tennessee
$10K – – –
MA
72
Montag & Associates
Georgia
$8K +$7.3K +935 New
Fifth Third Bancorp
73
Fifth Third Bancorp
Ohio
$7K – – –
MIM
74
Macroview Investment Management
Maryland
$3K – – –
AWM
75
Avior Wealth Management
Nebraska
$2K +$2.08K +267 New
1 2
3
4

PMM Hedge Fund Activity: Q4 2020 in Review

76 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q4 2020, worth a combined $37.9M — up 10% from $34.4M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new PMM positions and 4 closed out — a net gain of 7 holders — while 25 added to existing stakes and 15 trimmed.

The largest buyer was Kestra Advisory Services, adding an estimated $710K. The largest seller was UBS Group, cutting an estimated $944K.

  • 76 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q4 2020, up from 69 in Q3 2020.
  • Funds reported $37.9M of Franklin Managed Municipal Income Trust stock for Q4 2020, up 10% quarter-over-quarter.
  • 11 funds opened new Franklin Managed Municipal Income Trust positions in Q4 2020 and 4 closed out, a net change of +7 holders.
  • The largest Franklin Managed Municipal Income Trust buyer in Q4 2020 was Kestra Advisory Services, an estimated $710K added.
  • The largest Franklin Managed Municipal Income Trust seller in Q4 2020 was UBS Group, an estimated $944K sold.

Based on aggregated 13F filings for Q4 2020.