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PMM

Franklin Managed Municipal Income Trust
PMM

94 hedge funds and large institutions have $38.5M invested in Franklin Managed Municipal Income Trust in 2024 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 15 increasing their positions, 22 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.84% less ownership

Funds ownership: 14.71% → 13.87% (-0.84%)

2% less funds holding

Funds holding: 96 → 94 (-2)

10% less capital invested

Capital invested by funds: $42.9M → $38.5M (-$4.36M)

13% less first-time investments, than exits

New positions opened: 13 | Existing positions closed: 15

32% less repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 22

Holders
94
Holders Change
-2
Holders Change %
-2.08%
% of All Funds
1.35%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
13
Increased
15
Reduced
22
Closed
15
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
AAM
Advisors Asset Management
Colorado
+$788K
2
BA
Bridgewater Advisors
New York
+$467K
3
Cetera Investment Advisers
Cetera Investment Advisers
Illinois
+$330K
4
WAM
Wolverine Asset Management
Illinois
+$301K
5
WCM
WealthBridge Capital Management
Ohio
+$256K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$2.19M
2
SIA
Sit Investment Associates
Minnesota
-$1.41M
3
Invesco
Invesco
Georgia
-$333K
4
ARC
Advisor Resource Council
Texas
-$300K
5
VanEck Associates
VanEck Associates
New York
-$274K
Name Holding Trade Value Shares
Change 		Change in
Stake
FAIM
51
Financial Advocates Investment Management
Washington
$108K – – –
SWM
52
Spire Wealth Management
Virginia
$105K – – –
VF
53
Virtu Financial
New York
$91K +$93.2K +15,180 New
CICC
54
Capital Investment Counsel (Colorado)
Colorado
$89.8K – – –
UBG
55
United Bank (Georgia)
Georgia
$86.3K – – –
HWM
56
Hohimer Wealth Management
Washington
$86.2K – – –
CCFM
57
Clear Creek Financial Management
Washington
$86K – – –
Northwestern Mutual Wealth Management
58
Northwestern Mutual Wealth Management
Wisconsin
$85.5K +$80 +13 +0.1%
RIA
59
Regal Investment Advisors
Michigan
$81.5K – – –
RJT
60
Raymond James Trust
Florida
$80.1K – – –
KPWS
61
Kestra Private Wealth Services
Texas
$79.4K +$74 +12 +0.1%
PA
62
Procyon Advisors
Connecticut
$76.7K – – –
NA
63
NewEdge Advisors
Louisiana
$75.6K +$5.52K +900 +8%
PAG
64
Private Advisor Group
New Jersey
$74.7K -$4.75K -774 -6%
SIA
65
Sit Investment Associates
Minnesota
$74K -$1.41M -228,931 -95%
IWC
66
Integrated Wealth Concepts
Massachusetts
$72K – – –
AWM
67
AE Wealth Management
Kansas
$71.5K – – –
GJWM
68
Gilliland Jeter Wealth Management
Arkansas
$70.3K +$540 +88 +0.8%
HB
69
HTLF Bank
Colorado
$67.1K – – –
QCIG
70
Quad-Cities Investment Group
Iowa
$64.4K -$503 -82 -0.8%
WS
71
Wedbush Securities
California
$64K – – –
FAM
72
Family Asset Management
South Carolina
$62.3K – – –
UCFA
73
United Capital Financial Advisors
Texas
$61.6K -$16.1K -2,616 -20%
TH
74
TCTC Holdings
Texas
$60K – – –
RWM
75
Ruedi Wealth Management
Illinois
$42.9K – – –
1 2
3
4 5

PMM Hedge Fund Activity: Q1 2024 in Review

94 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q1 2024, worth a combined $38.5M — down 10% from $42.9M a quarter earlier.

Sellers outnumbered buyers: 15 funds closed out of PMM and 13 opened new positions — a net loss of 2 holders — while 22 trimmed existing stakes and 15 added.

The largest buyer was Advisors Asset Management, adding an estimated $788K. The largest seller was Morgan Stanley, cutting an estimated $2.19M.

  • 94 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q1 2024, down from 96 in Q4 2023.
  • Funds reported $38.5M of Franklin Managed Municipal Income Trust stock for Q1 2024, down 10% quarter-over-quarter.
  • 13 funds opened new Franklin Managed Municipal Income Trust positions in Q1 2024 and 15 closed out, a net change of -2 holders.
  • The largest Franklin Managed Municipal Income Trust buyer in Q1 2024 was Advisors Asset Management, an estimated $788K added.
  • The largest Franklin Managed Municipal Income Trust seller in Q1 2024 was Morgan Stanley, an estimated $2.19M sold.

Based on aggregated 13F filings for Q1 2024.