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PMM

Franklin Managed Municipal Income Trust
PMM

83 hedge funds and large institutions have $40.7M invested in Franklin Managed Municipal Income Trust in 2024 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 20 increasing their positions, 23 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

6% more capital invested

Capital invested by funds: $38.5M → $40.7M (+$2.22M)

0.29% more ownership

Funds ownership: 13.87% → 14.16% (+0.29%)

12% less funds holding

Funds holding: 94 → 83 (-11)

13% less repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 23

64% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 14

Holders
83
Holders Change
-11
Holders Change %
-11.7%
% of All Funds
1.2%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
20
Reduced
23
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
+$1.19M
2
AAM
Advisors Asset Management
Colorado
+$955K
3
Bank of America
Bank of America
North Carolina
+$449K
4
RCM
Robinson Capital Management
Michigan
+$311K
5
VanEck Associates
VanEck Associates
New York
+$256K

Top Sellers

Rank Fund Capital Flow
1
Osaic Holdings
Osaic Holdings
Arizona
-$413K
2
HF
HRT Financial
New York
-$215K
3
Invesco
Invesco
Georgia
-$207K
4
Franklin Resources
Franklin Resources
California
-$169K
5
Ameriprise
Ameriprise
Minnesota
-$156K
Name Holding Trade Value Shares
Change 		Change in
Stake
Citadel Advisors
51
Citadel Advisors
Florida
$106K -$35.5K -5,914 -26%
UBG
52
United Bank (Georgia)
Georgia
$89.3K – – –
HWM
53
Hohimer Wealth Management
Washington
$89.2K – – –
Mariner
54
Mariner
Kansas
$87K -$73.6K -12,256 -47%
RIA
55
Regal Investment Advisors
Michigan
$84.4K – – –
RJT
56
Raymond James Trust
Florida
$83K – – –
KPWS
57
Kestra Private Wealth Services
Texas
$82.3K +$72 +12 +0.1%
ATWA
58
Arbor Trust Wealth Advisors
Michigan
$80.9K +$78K +13,000 New
Northwestern Mutual Wealth Management
59
Northwestern Mutual Wealth Management
Wisconsin
$80.6K -$7.67K -1,277 -9%
PA
60
Procyon Advisors
Connecticut
$79.4K – – –
PAG
61
Private Advisor Group
New Jersey
$77.9K +$546 +91 +0.7%
SIA
62
Sit Investment Associates
Minnesota
$77K – – –
IWC
63
Integrated Wealth Concepts
Massachusetts
$74.5K – – –
AWM
64
AE Wealth Management
Kansas
$74K – – –
GJWM
65
Gilliland Jeter Wealth Management
Arkansas
$73.4K +$558 +93 +0.8%
HB
66
HTLF Bank
Colorado
$69.4K – – –
WS
67
Wedbush Securities
California
$63K -$2.78K -463 -4%
TH
68
TCTC Holdings
Texas
$62.1K – – –
IAIM
69
International Assets Investment Management
Florida
$58.2K +$56.4K +9,388 New
US Bancorp
70
US Bancorp
Minnesota
$44.3K – – –
BEI
71
Benjamin Edwards Inc
Missouri
$33K – – –
PNC Financial Services Group
72
PNC Financial Services Group
Pennsylvania
$33K – – –
FFA
73
Farther Finance Advisors
California
$29K – – –
OP
74
ORG Partners
Indiana
$16.9K – – –
GWM
75
Geneos Wealth Management
Colorado
$13.3K – – –
1 2
3
4

PMM Hedge Fund Activity: Q2 2024 in Review

83 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q2 2024, worth a combined $40.7M — up 5.8% from $38.5M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of PMM and 5 opened new positions — a net loss of 9 holders — while 23 trimmed existing stakes and 20 added.

The largest buyer was Guggenheim Capital, adding an estimated $1.19M. The largest seller was Osaic Holdings, cutting an estimated $413K.

  • 83 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q2 2024, down from 94 in Q1 2024.
  • Funds reported $40.7M of Franklin Managed Municipal Income Trust stock for Q2 2024, up 5.8% quarter-over-quarter.
  • 5 funds opened new Franklin Managed Municipal Income Trust positions in Q2 2024 and 14 closed out, a net change of -9 holders.
  • The largest Franklin Managed Municipal Income Trust buyer in Q2 2024 was Guggenheim Capital, an estimated $1.19M added.
  • The largest Franklin Managed Municipal Income Trust seller in Q2 2024 was Osaic Holdings, an estimated $413K sold.

Based on aggregated 13F filings for Q2 2024.