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PMM

Franklin Managed Municipal Income Trust
PMM

81 hedge funds and large institutions have $36.4M invested in Franklin Managed Municipal Income Trust in 2023 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 21 increasing their positions, 18 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

75% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 8

17% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 18

7% more capital invested

Capital invested by funds: $34.1M → $36.4M (+$2.31M)

7% more funds holding

Funds holding: 76 → 81 (+5)

0.74% more ownership

Funds ownership: 11.42% → 12.15% (+0.74%)

Holders
81
Holders Change
+5
Holders Change %
+6.58%
% of All Funds
1.27%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
14
Increased
21
Reduced
18
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
+$937K
2
Morgan Stanley
Morgan Stanley
New York
+$649K
3
VanEck Associates
VanEck Associates
New York
+$464K
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$300K
5
LCM
Landscape Capital Management
New Jersey
+$226K

Top Sellers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
-$316K
2
IFG
Independent Financial Group
California
-$249K
3
AAS
Avantax Advisory Services
Texas
-$217K
4
RJA
Raymond James & Associates
Florida
-$192K
5
GSC
Grey Street Capital
Illinois
-$122K
Name Holding Trade Value Shares
Change 		Change in
Stake
RIA
51
Regal Investment Advisors
Michigan
$82.9K +$81.1K +13,606 New
QCIG
52
Quad-Cities Investment Group
Iowa
$78K +$1.49K +250 +2%
PA
53
Procyon Advisors
Connecticut
$78K – – –
DAS
54
Dynamic Advisor Solutions
Arizona
$77K – – –
IWC
55
Integrated Wealth Concepts
Massachusetts
$73.2K +$71.7K +12,018 New
AWM
56
AE Wealth Management
Kansas
$72.7K -$19.8K -3,325 -22%
WS
57
Wedbush Securities
California
$72K – – –
SWIM
58
Smallwood Wealth Investment Management
New Jersey
$71.9K – – –
DBT
59
Dubuque Bank & Trust
Iowa
$68.2K – – –
IFG
60
Independent Financial Group
California
$65.2K -$249K -41,829 -80%
ACP
61
Aveo Capital Partners
Colorado
$65K – – –
FAM
62
Family Asset Management
South Carolina
$63.3K – – –
TH
63
TCTC Holdings
Texas
$61K – – –
KAS
64
Kestra Advisory Services
Texas
$61K +$59.7K +10,020 New
QL
65
Quarry LP
New York
$49.3K +$48.3K +8,100 New
RWM
66
Ruedi Wealth Management
Illinois
$43.6K – – –
US Bancorp
67
US Bancorp
Minnesota
$43.5K – – –
FFA
68
Farther Finance Advisors
California
$37.9K +$37.1K +6,218 New
BEI
69
Benjamin Edwards Inc
Missouri
$33K – – –
PNC Financial Services Group
70
PNC Financial Services Group
Pennsylvania
$32.4K – – –
TWM
71
Tradition Wealth Management
Minnesota
$25K – – –
GWM
72
Geneos Wealth Management
Colorado
$13.1K – – –
AF
73
Advisornet Financial
Minnesota
$12.9K +$48 +8 +0.4%
CHC
74
City Holding Co
West Virginia
$12.2K – – –
HCM
75
Highlander Capital Management
New Jersey
$12K – – –
1 2
3
4

PMM Hedge Fund Activity: Q2 2023 in Review

81 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q2 2023, worth a combined $36.4M — up 6.8% from $34.1M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new PMM positions and 8 closed out — a net gain of 6 holders — while 21 added to existing stakes and 18 trimmed.

The largest buyer was UBS Group, adding an estimated $937K. The largest seller was Wells Fargo, cutting an estimated $316K.

  • 81 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q2 2023, up from 76 in Q1 2023.
  • Funds reported $36.4M of Franklin Managed Municipal Income Trust stock for Q2 2023, up 6.8% quarter-over-quarter.
  • 14 funds opened new Franklin Managed Municipal Income Trust positions in Q2 2023 and 8 closed out, a net change of +6 holders.
  • The largest Franklin Managed Municipal Income Trust buyer in Q2 2023 was UBS Group, an estimated $937K added.
  • The largest Franklin Managed Municipal Income Trust seller in Q2 2023 was Wells Fargo, an estimated $316K sold.

Based on aggregated 13F filings for Q2 2023.