Franklin Managed Municipal Income Trust
PMM
80 hedge funds and large institutions have $49.9M invested in Franklin Managed Municipal Income Trust in 2025 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 19 increasing their positions, 16 reducing their positions, and 11 closing their positions.
19% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 16
0.4% less ownership
Funds ownership: 18.2% → 17.8% (-0.4%)
1% less capital invested
Capital invested by funds: $50.5M → $49.9M (-$613K)
5% less funds holding
Funds holding: 84 → 80 (-4)
18% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$600K |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$488K |
| 3 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$463K |
| 4 |
Invesco
Atlanta,
Georgia
|
+$463K |
| 5 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
+$345K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.16M |
| 2 |
Pathstone Holdings
Englewood,
New Jersey
|
-$699K |
| 3 |
AF
Allworth Financial
Folsom,
California
|
-$345K |
| 4 |
BBHC
Brown Brothers Harriman & Co
New York
|
-$332K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$322K |
PMM Hedge Fund Activity: Q3 2025 in Review
80 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q3 2025, worth a combined $49.9M — down 1.2% from $50.5M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of PMM and 9 opened new positions — a net loss of 2 holders — while 16 trimmed existing stakes and 19 added.
The largest buyer was Wells Fargo, adding an estimated $600K. The largest seller was Advisors Asset Management, cutting an estimated $1.16M.
- 80 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q3 2025, down from 84 in Q2 2025.
- Funds reported $49.9M of Franklin Managed Municipal Income Trust stock for Q3 2025, down 1.2% quarter-over-quarter.
- 9 funds opened new Franklin Managed Municipal Income Trust positions in Q3 2025 and 11 closed out, a net change of -2 holders.
- The largest Franklin Managed Municipal Income Trust buyer in Q3 2025 was Wells Fargo, an estimated $600K added.
- The largest Franklin Managed Municipal Income Trust seller in Q3 2025 was Advisors Asset Management, an estimated $1.16M sold.
Based on aggregated 13F filings for Q3 2025.