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PMM

Franklin Managed Municipal Income Trust
PMM

70 hedge funds and large institutions have $38.2M invested in Franklin Managed Municipal Income Trust in 2021 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 23 increasing their positions, 8 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

188% more repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 8

0.35% more ownership

Funds ownership: 9.03% → 9.38% (+0.35%)

0% more first-time investments, than exits

New positions opened: 5 | Existing positions closed: 5

2% less capital invested

Capital invested by funds: $38.9M → $38.2M (-$685K)

1% less funds holding

Funds holding: 71 → 70 (-1)

Holders
70
Holders Change
-1
Holders Change %
-1.41%
% of All Funds
1.23%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
23
Reduced
8
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
AA
AlphaCentric Advisors
Puerto Rico
+$301K
2
RJA
Raymond James & Associates
Florida
+$269K
3
JPLA
Joseph P. Lucia & Associates
New York
+$230K
4
IFG
Independent Financial Group
California
+$224K
5
IWM
IHT Wealth Management
Illinois
+$156K

Top Sellers

Rank Fund Capital Flow
1
RIG
Ramiah Investment Group
Wisconsin
-$224K
2
HR
Hayden Royal
North Carolina
-$207K
3
WS
Wedbush Securities
California
-$158K
4
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$37.3K
5
Bank of America
Bank of America
North Carolina
-$35.4K
Name Holding Trade Value Shares
Change 		Change in
Stake
Rockefeller Capital Management
51
Rockefeller Capital Management
New York
$89K – – –
RJT
52
Raymond James Trust
Florida
$87K – – –
US Bancorp
53
US Bancorp
Minnesota
$60K – – –
PNC Financial Services Group
54
PNC Financial Services Group
Pennsylvania
$57K – – –
TH
55
TCTC Holdings
Texas
$57K – – –
BEI
56
Benjamin Edwards Inc
Missouri
$45K – – –
BFC
57
Bedel Financial Consulting
Indiana
$42K – – –
AF
58
Advisornet Financial
Minnesota
$41K +$8.6K +1,000 +26%
BWA
59
BDO Wealth Advisors
Florida
$29K – – –
COCM
60
Charter Oak Capital Management
New Hampshire
$21K – – –
CHC
61
City Holding Co
West Virginia
$17K – – –
GWM
62
Geneos Wealth Management
Colorado
$17K – – –
CWP
63
Concord Wealth Partners
Virginia
$13K – – –
TFS
64
TrustCore Financial Services
Tennessee
$10K – – –
HI
65
Harbour Investments
Wisconsin
$9K – – –
Fifth Third Bancorp
66
Fifth Third Bancorp
Ohio
$7K – – –
MIM
67
Macroview Investment Management
Maryland
$3K – – –
VCWA
68
Vanguard Capital Wealth Advisors
Colorado
$1.02K +$1.36K +158 +1%
Northern Trust
69
Northern Trust
Illinois
$1K +$126K +14,650 New
APA
70
American Portfolios Advisors
New York
$767 +$792 +92 New
RIG
71
Ramiah Investment Group
Wisconsin
– -$224K -25,570 Closed
HR
72
Hayden Royal
North Carolina
– -$207K -23,458 Closed
NFSG
73
Newbridge Financial Services Group
Florida
– -$16K -1,784 Closed
Citigroup
74
Citigroup
New York
– -$13K -1,452 Closed
PMFA
75
Plante Moran Financial Advisors
Michigan
– -$11K -1,200 Closed
1 2
3

PMM Hedge Fund Activity: Q3 2021 in Review

70 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q3 2021, worth a combined $38.2M — down 1.8% from $38.9M a quarter earlier.

Fund positioning in PMM was balanced in Q3 2021: 5 funds opened new positions, 5 closed out, 23 added to existing stakes and 8 trimmed.

The largest buyer was AlphaCentric Advisors, opening a new position worth an estimated $301K. The largest seller was Ramiah Investment Group, exiting entirely with an estimated $224K sold.

  • 70 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q3 2021, down from 71 in Q2 2021.
  • Funds reported $38.2M of Franklin Managed Municipal Income Trust stock for Q3 2021, down 1.8% quarter-over-quarter.
  • 5 funds opened new Franklin Managed Municipal Income Trust positions in Q3 2021 and 5 closed out, a net change of 0 holders.
  • The largest Franklin Managed Municipal Income Trust buyer in Q3 2021 was AlphaCentric Advisors, an estimated $301K added.
  • The largest Franklin Managed Municipal Income Trust seller in Q3 2021 was Ramiah Investment Group, an estimated $224K sold.

Based on aggregated 13F filings for Q3 2021.