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PMM

Franklin Managed Municipal Income Trust
PMM

71 hedge funds and large institutions have $38.9M invested in Franklin Managed Municipal Income Trust in 2021 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 19 increasing their positions, 17 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

12% more repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 17

2% more capital invested

Capital invested by funds: $38.1M → $38.9M (+$849K)

0.47% less ownership

Funds ownership: 9.49% → 9.03% (-0.47%)

5% less funds holding

Funds holding: 75 → 71 (-4)

57% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 7

Holders
71
Holders Change
-4
Holders Change %
-5.33%
% of All Funds
1.24%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
3
Increased
19
Reduced
17
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Invesco
Invesco
Georgia
+$412K
2
PA
Procyon Advisors
Connecticut
+$108K
3
SBH
Segall Bryant & Hamill
Illinois
+$106K
4
RJT
Raymond James Trust
Florida
+$88.3K
5
VanEck Associates
VanEck Associates
New York
+$69.5K

Top Sellers

Rank Fund Capital Flow
1
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
-$626K
2
Bank of America
Bank of America
North Carolina
-$534K
3
UBS Group
UBS Group
Switzerland
-$519K
4
IAIM
International Assets Investment Management
Florida
-$218K
5
PFT
Providence First Trust
Arizona
-$140K
Name Holding Trade Value Shares
Change 		Change in
Stake
Rockefeller Capital Management
51
Rockefeller Capital Management
New York
$94K +$6.35K +750 +8%
RJT
52
Raymond James Trust
Florida
$91K +$88.3K +10,430 New
Carson Wealth (CWM LLC)
53
Carson Wealth (CWM LLC)
Nebraska
$85K – – –
US Bancorp
54
US Bancorp
Minnesota
$63K – – –
PNC Financial Services Group
55
PNC Financial Services Group
Pennsylvania
$60K – – –
TH
56
TCTC Holdings
Texas
$60K – – –
BEI
57
Benjamin Edwards Inc
Missouri
$47K – – –
BFC
58
Bedel Financial Consulting
Indiana
$44K – – –
AF
59
Advisornet Financial
Minnesota
$34K – – –
BWA
60
BDO Wealth Advisors
Florida
$31K – – –
COCM
61
Charter Oak Capital Management
New Hampshire
$22K – – –
CHC
62
City Holding Co
West Virginia
$18K – – –
GWM
63
Geneos Wealth Management
Colorado
$18K – – –
NFSG
64
Newbridge Financial Services Group
Florida
$16K – – –
CWP
65
Concord Wealth Partners
Virginia
$14K – – –
Citigroup
66
Citigroup
New York
$13K – – –
TFS
67
TrustCore Financial Services
Tennessee
$11K – – –
PMFA
68
Plante Moran Financial Advisors
Michigan
$11K +$10.2K +1,200 New
HI
69
Harbour Investments
Wisconsin
$10K – – –
Fifth Third Bancorp
70
Fifth Third Bancorp
Ohio
$7K – – –
MIM
71
Macroview Investment Management
Maryland
$4K – – –
Truist Financial
72
Truist Financial
North Carolina
– -$125K -15,336 Closed
Cohen & Steers
73
Cohen & Steers
New York
– -$110K -13,509 Closed
SFS
74
Sowell Financial Services
Arkansas
– -$95K -11,147 Closed
MAFM
75
Mid Atlantic Financial Management
Pennsylvania
– -$86K -10,600 Closed
1 2
3
4

PMM Hedge Fund Activity: Q2 2021 in Review

71 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q2 2021, worth a combined $38.9M — up 2.2% from $38.1M a quarter earlier.

Sellers outnumbered buyers: 7 funds closed out of PMM and 3 opened new positions — a net loss of 4 holders — while 17 trimmed existing stakes and 19 added.

The largest buyer was Invesco, adding an estimated $412K. The largest seller was Cambridge Investment Research Advisors, cutting an estimated $626K.

  • 71 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q2 2021, down from 75 in Q1 2021.
  • Funds reported $38.9M of Franklin Managed Municipal Income Trust stock for Q2 2021, up 2.2% quarter-over-quarter.
  • 3 funds opened new Franklin Managed Municipal Income Trust positions in Q2 2021 and 7 closed out, a net change of -4 holders.
  • The largest Franklin Managed Municipal Income Trust buyer in Q2 2021 was Invesco, an estimated $412K added.
  • The largest Franklin Managed Municipal Income Trust seller in Q2 2021 was Cambridge Investment Research Advisors, an estimated $626K sold.

Based on aggregated 13F filings for Q2 2021.