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PMM

Franklin Managed Municipal Income Trust
PMM

76 hedge funds and large institutions have $34.1M invested in Franklin Managed Municipal Income Trust in 2023 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 21 increasing their positions, 16 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

31% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 16

0.46% less ownership

Funds ownership: 11.88% → 11.42% (-0.46%)

7% less capital invested

Capital invested by funds: $36.6M → $34.1M (-$2.51M)

13% less funds holding

Funds holding: 87 → 76 (-11)

57% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 14

Holders
76
Holders Change
-11
Holders Change %
-12.64%
% of All Funds
1.21%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
21
Reduced
16
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
AAM
Advisors Asset Management
Colorado
+$719K
2
Rockefeller Capital Management
Rockefeller Capital Management
New York
+$564K
3
Invesco
Invesco
Georgia
+$307K
4
DLG
Daniel L. Goodwin
+$175K
5
CAN
Cetera Advisor Networks
California
+$164K

Top Sellers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
-$604K
2
Bank of America
Bank of America
North Carolina
-$524K
3
PFT
Providence First Trust
Arizona
-$499K
4
KIG
Kennedy Investment Group
New Jersey
-$356K
5
Cohen & Steers
Cohen & Steers
New York
-$294K
Name Holding Trade Value Shares
Change 		Change in
Stake
DBT
51
Dubuque Bank & Trust
Iowa
$68.7K – – –
ACP
52
Aveo Capital Partners
Colorado
$65.4K – – –
GVAG
53
Great Valley Advisor Group
Delaware
$64.5K – – –
FAM
54
Family Asset Management
South Carolina
$63.8K – – –
HighTower Advisors
55
HighTower Advisors
Illinois
$62K – – –
TH
56
TCTC Holdings
Texas
$61.4K – – –
Nomura Holdings
57
Nomura Holdings
Japan
$61.3K +$67.6K +10,000 New
M
58
MOTCO
Texas
$60.7K +$67K +9,900 New
RWM
59
Ruedi Wealth Management
Illinois
$43.9K – – –
US Bancorp
60
US Bancorp
Minnesota
$43.8K – – –
BEI
61
Benjamin Edwards Inc
Missouri
$33K – – –
PNC Financial Services Group
62
PNC Financial Services Group
Pennsylvania
$32.6K – – –
TWM
63
Tradition Wealth Management
Minnesota
$25K – – –
IAIM
64
International Assets Investment Management
Florida
$24.2K +$26.6K +3,940 New
AAS
65
Ameritas Advisory Services
Nebraska
$17.8K +$20.3K +3,000 New
GWM
66
Geneos Wealth Management
Colorado
$13.1K +$14.5K +2,144 New
AF
67
Advisornet Financial
Minnesota
$13K – – –
CHC
68
City Holding Co
West Virginia
$12.3K – – –
HCM
69
Highlander Capital Management
New Jersey
$12K – – –
CWP
70
Concord Wealth Partners
Virginia
$9.53K – – –
Carson Wealth (CWM LLC)
71
Carson Wealth (CWM LLC)
Nebraska
$9K +$135 +20 +1%
PFA
72
Pathway Financial Advisers
Indiana
$4.53K – – –
MWM
73
Mascoma Wealth Management
New Hampshire
$4.05K – – –
FIA
74
FNY Investment Advisers
New York
$3K – – –
MIM
75
Macroview Investment Management
Maryland
$2.45K – – –
1 2
3
4

PMM Hedge Fund Activity: Q1 2023 in Review

76 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q1 2023, worth a combined $34.1M — down 6.8% from $36.6M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of PMM and 6 opened new positions — a net loss of 8 holders — while 16 trimmed existing stakes and 21 added.

The largest buyer was Advisors Asset Management, adding an estimated $719K. The largest seller was Wells Fargo, cutting an estimated $604K.

  • 76 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q1 2023, down from 87 in Q4 2022.
  • Funds reported $34.1M of Franklin Managed Municipal Income Trust stock for Q1 2023, down 6.8% quarter-over-quarter.
  • 6 funds opened new Franklin Managed Municipal Income Trust positions in Q1 2023 and 14 closed out, a net change of -8 holders.
  • The largest Franklin Managed Municipal Income Trust buyer in Q1 2023 was Advisors Asset Management, an estimated $719K added.
  • The largest Franklin Managed Municipal Income Trust seller in Q1 2023 was Wells Fargo, an estimated $604K sold.

Based on aggregated 13F filings for Q1 2023.