Franklin Managed Municipal Income Trust
PMM
81 hedge funds and large institutions have $52.6M invested in Franklin Managed Municipal Income Trust in 2018 Q1 according to their latest regulatory filings, with 17 funds opening new positions, 21 increasing their positions, 20 reducing their positions, and 8 closing their positions.
113% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 8
13% more funds holding
Funds holding: 72 → 81 (+9)
5% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 20
2% more capital invested
Capital invested by funds: $51.4M → $52.6M (+$1.23M)
0.86% more ownership
Funds ownership: 12.87% → 13.73% (+0.86%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$2.46M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$677K |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$570K |
| 4 |
Morgan Stanley
New York
|
+$433K |
| 5 |
WS
Wedbush Securities
Los Angeles,
California
|
+$363K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
-$1.49M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$724K |
| 3 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
-$286K |
| 4 |
SG Americas Securities
New York
|
-$222K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$194K |
PMM Hedge Fund Activity: Q1 2018 in Review
81 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q1 2018, worth a combined $52.6M — up 2.4% from $51.4M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new PMM positions and 8 closed out — a net gain of 9 holders — while 21 added to existing stakes and 20 trimmed.
The largest buyer was Robinson Capital Management, adding an estimated $2.46M. The largest seller was Laurion Capital Management, exiting entirely with an estimated $1.49M sold.
- 81 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q1 2018, up from 72 in Q4 2017.
- Funds reported $52.6M of Franklin Managed Municipal Income Trust stock for Q1 2018, up 2.4% quarter-over-quarter.
- 17 funds opened new Franklin Managed Municipal Income Trust positions in Q1 2018 and 8 closed out, a net change of +9 holders.
- The largest Franklin Managed Municipal Income Trust buyer in Q1 2018 was Robinson Capital Management, an estimated $2.46M added.
- The largest Franklin Managed Municipal Income Trust seller in Q1 2018 was Laurion Capital Management, an estimated $1.49M sold.
Based on aggregated 13F filings for Q1 2018.