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PMM

Franklin Managed Municipal Income Trust
PMM

78 hedge funds and large institutions have $42.2M invested in Franklin Managed Municipal Income Trust in 2021 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 24 increasing their positions, 15 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

400% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 2

60% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 15

11% more funds holding

Funds holding: 70 → 78 (+8)

10% more capital invested

Capital invested by funds: $38.2M → $42.2M (+$3.95M)

0.43% more ownership

Funds ownership: 9.38% → 9.81% (+0.43%)

Holders
78
Holders Change
+8
Holders Change %
+11.43%
% of All Funds
1.2%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
10
Increased
24
Reduced
15
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$658K
2
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
+$555K
3
JPLA
Joseph P. Lucia & Associates
New York
+$355K
4
RJA
Raymond James & Associates
Florida
+$335K
5
Bank of America
Bank of America
North Carolina
+$94.3K

Top Sellers

Rank Fund Capital Flow
1
SBH
Segall Bryant & Hamill
Illinois
-$284K
2
GCP
Gill Capital Partners
Colorado
-$270K
3
VanEck Associates
VanEck Associates
New York
-$149K
4
Osaic Holdings
Osaic Holdings
Arizona
-$141K
5
AA
AlphaCentric Advisors
Puerto Rico
-$111K
Name Holding Trade Value Shares
Change 		Change in
Stake
Rockefeller Capital Management
51
Rockefeller Capital Management
New York
$98K +$4.26K +500 +5%
PAG
52
Private Advisor Group
New Jersey
$94K – – –
ACP
53
Aveo Capital Partners
Colorado
$94K +$90.8K +10,665 New
KAS
54
Kestra Advisory Services
Texas
$88K -$51.5K -6,044 -38%
TH
55
TCTC Holdings
Texas
$88K +$27.4K +3,220 +47%
Carson Wealth (CWM LLC)
56
Carson Wealth (CWM LLC)
Nebraska
$85K +$82.8K +9,725 New
AHIA
57
Andrew Hill Investment Advisors
Florida
$74K +$72.4K +8,500 New
US Bancorp
58
US Bancorp
Minnesota
$63K – – –
PNC Financial Services Group
59
PNC Financial Services Group
Pennsylvania
$60K – – –
SFM
60
Signet Financial Management
New Jersey
$55K +$53.2K +6,245 New
APA
61
American Portfolios Advisors
New York
$53.4K +$51.1K +6,000 +6,522%
BEI
62
Benjamin Edwards Inc
Missouri
$47K – – –
BFC
63
Bedel Financial Consulting
Indiana
$44K – – –
AF
64
Advisornet Financial
Minnesota
$43K – – –
FAG
65
Fortitude Advisory Group
Washington
$37K +$35.9K +4,211 New
BWA
66
BDO Wealth Advisors
Florida
$31K – – –
CA
67
CoreCap Advisors
Michigan
$31K +$30.1K +3,535 New
COCM
68
Charter Oak Capital Management
New Hampshire
$22K – – –
GWM
69
Geneos Wealth Management
Colorado
$18K – – –
CHC
70
City Holding Co
West Virginia
$15K – – –
CWP
71
Concord Wealth Partners
Virginia
$14K – – –
TFS
72
TrustCore Financial Services
Tennessee
$11K – – –
TFP
73
Tilia Fiduciary Partners
North Carolina
$10K +$10K +1,174 New
Fifth Third Bancorp
74
Fifth Third Bancorp
Ohio
$7K – – –
MIM
75
Macroview Investment Management
Maryland
$4K – – –
1 2
3
4

PMM Hedge Fund Activity: Q4 2021 in Review

78 of the 6,498 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q4 2021, worth a combined $42.2M — up 10% from $38.2M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new PMM positions and 2 closed out — a net gain of 8 holders — while 24 added to existing stakes and 15 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $658K. The largest seller was Segall Bryant & Hamill, exiting entirely with an estimated $284K sold.

  • 78 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q4 2021, up from 70 in Q3 2021.
  • Funds reported $42.2M of Franklin Managed Municipal Income Trust stock for Q4 2021, up 10% quarter-over-quarter.
  • 10 funds opened new Franklin Managed Municipal Income Trust positions in Q4 2021 and 2 closed out, a net change of +8 holders.
  • The largest Franklin Managed Municipal Income Trust buyer in Q4 2021 was Morgan Stanley, an estimated $658K added.
  • The largest Franklin Managed Municipal Income Trust seller in Q4 2021 was Segall Bryant & Hamill, an estimated $284K sold.

Based on aggregated 13F filings for Q4 2021.