Franklin Managed Municipal Income Trust
PMM
72 hedge funds and large institutions have $51.4M invested in Franklin Managed Municipal Income Trust in 2017 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 23 increasing their positions, 16 reducing their positions, and 6 closing their positions.
150% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 6
44% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 16
14% more funds holding
Funds holding: 63 → 72 (+9)
12% more capital invested
Capital invested by funds: $45.9M → $51.4M (+$5.5M)
1.61% more ownership
Funds ownership: 11.26% → 12.87% (+1.6%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
+$1.51M |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$1.21M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$764K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$413K |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$393K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NPC
National Planning Corporation
El Segundo,
California
|
-$435K |
| 2 |
HighTower Advisors
Chicago,
Illinois
|
-$281K |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$243K |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$240K |
| 5 |
ICOA
Investment Centers of America
Bismarck,
North Dakota
|
-$192K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
76
HighTower Advisors
Chicago,
Illinois
| – | -$281K | -36,964 | Closed |
|
|
ICOA
77
Investment Centers of America
Bismarck,
North Dakota
| – | -$192K | -25,320 | Closed |
|
|
CAG
78
Csenge Advisory Group
Clearwater,
Florida
| – | -$85.9K | -11,356 | Closed |
|
|
ASN
79
Advisory Services Network
Atlanta,
Georgia
| – | -$38K | -5,021 | Closed |
|
|
CCM
80
Cribstone Capital Management
Augusta,
Maine
| – | -$2K | -309 | Closed |
|
PMM Hedge Fund Activity: Q4 2017 in Review
72 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q4 2017, worth a combined $51.4M — up 12% from $45.9M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new PMM positions and 6 closed out — a net gain of 9 holders — while 23 added to existing stakes and 16 trimmed.
The largest buyer was Laurion Capital Management, opening a new position worth an estimated $1.51M. The largest seller was National Planning Corporation, exiting entirely with an estimated $435K sold.
- 72 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q4 2017, up from 63 in Q3 2017.
- Funds reported $51.4M of Franklin Managed Municipal Income Trust stock for Q4 2017, up 12% quarter-over-quarter.
- 15 funds opened new Franklin Managed Municipal Income Trust positions in Q4 2017 and 6 closed out, a net change of +9 holders.
- The largest Franklin Managed Municipal Income Trust buyer in Q4 2017 was Laurion Capital Management, an estimated $1.51M added.
- The largest Franklin Managed Municipal Income Trust seller in Q4 2017 was National Planning Corporation, an estimated $435K sold.
Based on aggregated 13F filings for Q4 2017.