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PMM

Franklin Managed Municipal Income Trust
PMM

80 hedge funds and large institutions have $36.7M invested in Franklin Managed Municipal Income Trust in 2022 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 16 increasing their positions, 19 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

38% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 8

3% more funds holding

Funds holding: 78 → 80 (+2)

0.79% more ownership

Funds ownership: 9.81% → 10.6% (+0.79%)

13% less capital invested

Capital invested by funds: $42.2M → $36.7M (-$5.46M)

16% less repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 19

Holders
80
Holders Change
+2
Holders Change %
+2.56%
% of All Funds
1.26%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
11
Increased
16
Reduced
19
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$1.37M
2
Wells Fargo
Wells Fargo
California
+$1.33M
3
Bank of America
Bank of America
North Carolina
+$633K
4
LSC
Logan Stone Capital
Illinois
+$398K
5
RJA
Raymond James & Associates
Florida
+$358K

Top Sellers

Rank Fund Capital Flow
1
JPLA
Joseph P. Lucia & Associates
New York
-$870K
2
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
-$411K
3
WS
Wedbush Securities
California
-$285K
4
LP
Lloyd Park
Illinois
-$270K
5
BRWA
B. Riley Wealth Advisors
Florida
-$201K
Name Holding Trade Value Shares
Change 		Change in
Stake
Rockefeller Capital Management
51
Rockefeller Capital Management
New York
$90K +$11.3K +1,500 +13%
DAS
52
Dynamic Advisor Solutions
Arizona
$89K – – –
WAP
53
Wealthcare Advisory Partners
Pennsylvania
$85K – – –
DWM
54
Doyle Wealth Management
Florida
$85K +$90K +12,000 New
SWIM
55
Smallwood Wealth Investment Management
New Jersey
$83K +$88.6K +11,806 New
DBT
56
Dubuque Bank & Trust
Iowa
$79K – – –
HighTower Advisors
57
HighTower Advisors
Illinois
$78K +$82.3K +10,965 New
PAG
58
Private Advisor Group
New Jersey
$76K – – –
ACP
59
Aveo Capital Partners
Colorado
$75K – – –
TH
60
TCTC Holdings
Texas
$71K – – –
Carson Wealth (CWM LLC)
61
Carson Wealth (CWM LLC)
Nebraska
$69K – – –
US Bancorp
62
US Bancorp
Minnesota
$51K – – –
PNC Financial Services Group
63
PNC Financial Services Group
Pennsylvania
$48K – – –
APA
64
American Portfolios Advisors
New York
$42.7K -$345 -46 -0.8%
BEI
65
Benjamin Edwards Inc
Missouri
$38K – – –
BFC
66
Bedel Financial Consulting
Indiana
$35K – – –
FAG
67
Fortitude Advisory Group
Washington
$30K – – –
BWA
68
BDO Wealth Advisors
Florida
$25K – – –
COCM
69
Charter Oak Capital Management
New Hampshire
$18K – – –
AF
70
Advisornet Financial
Minnesota
$15K -$21K -2,800 -57%
GWM
71
Geneos Wealth Management
Colorado
$15K – – –
CHC
72
City Holding Co
West Virginia
$14K – – –
CWP
73
Concord Wealth Partners
Virginia
$11K – – –
MCC
74
Money Concepts Capital
Florida
$9K +$9.38K +1,250 New
TFP
75
Tilia Fiduciary Partners
North Carolina
$8K – – –
1 2
3
4

PMM Hedge Fund Activity: Q1 2022 in Review

80 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q1 2022, worth a combined $36.7M — down 13% from $42.2M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new PMM positions and 8 closed out — a net gain of 3 holders — while 16 added to existing stakes and 19 trimmed.

The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $1.37M. The largest seller was Joseph P. Lucia & Associates, cutting an estimated $870K.

  • 80 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q1 2022, up from 78 in Q4 2021.
  • Funds reported $36.7M of Franklin Managed Municipal Income Trust stock for Q1 2022, down 13% quarter-over-quarter.
  • 11 funds opened new Franklin Managed Municipal Income Trust positions in Q1 2022 and 8 closed out, a net change of +3 holders.
  • The largest Franklin Managed Municipal Income Trust buyer in Q1 2022 was Rivernorth Capital Management, an estimated $1.37M added.
  • The largest Franklin Managed Municipal Income Trust seller in Q1 2022 was Joseph P. Lucia & Associates, an estimated $870K sold.

Based on aggregated 13F filings for Q1 2022.