Franklin Managed Municipal Income Trust
PMM
83 hedge funds and large institutions have $33.6M invested in Franklin Managed Municipal Income Trust in 2023 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 17 increasing their positions, 25 reducing their positions, and 6 closing their positions.
33% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 6
2% more funds holding
Funds holding: 81 → 83 (+2)
0.71% more ownership
Funds ownership: 12.15% → 12.86% (+0.71%)
8% less capital invested
Capital invested by funds: $36.4M → $33.6M (-$2.77M)
32% less repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 25
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$1.66M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$341K |
| 3 |
Morgan Stanley
New York
|
+$330K |
| 4 |
Wells Fargo
San Francisco,
California
|
+$281K |
| 5 |
VanEck Associates
New York
|
+$256K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$895K |
| 2 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$395K |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
-$273K |
| 4 |
AAS
Avantax Advisory Services
Dallas,
Texas
|
-$265K |
| 5 |
Walleye Capital
New York
|
-$150K |
PMM Hedge Fund Activity: Q3 2023 in Review
83 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q3 2023, worth a combined $33.6M — down 7.6% from $36.4M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new PMM positions and 6 closed out — a net gain of 2 holders — while 17 added to existing stakes and 25 trimmed.
The largest buyer was Robinson Capital Management, opening a new position worth an estimated $1.66M. The largest seller was Raymond James & Associates, cutting an estimated $895K.
- 83 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q3 2023, up from 81 in Q2 2023.
- Funds reported $33.6M of Franklin Managed Municipal Income Trust stock for Q3 2023, down 7.6% quarter-over-quarter.
- 8 funds opened new Franklin Managed Municipal Income Trust positions in Q3 2023 and 6 closed out, a net change of +2 holders.
- The largest Franklin Managed Municipal Income Trust buyer in Q3 2023 was Robinson Capital Management, an estimated $1.66M added.
- The largest Franklin Managed Municipal Income Trust seller in Q3 2023 was Raymond James & Associates, an estimated $895K sold.
Based on aggregated 13F filings for Q3 2023.