Franklin Managed Municipal Income Trust
PMM
76 hedge funds and large institutions have $48.6M invested in Franklin Managed Municipal Income Trust in 2018 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 19 increasing their positions, 20 reducing their positions, and 9 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.84% less ownership
Funds ownership: 13.73% → 12.89% (-0.84%)
5% less repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 20
6% less funds holding
Funds holding: 81 → 76 (-5)
8% less capital invested
Capital invested by funds: $52.6M → $48.6M (-$3.97M)
44% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$580K |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$577K |
| 3 |
6M
6 Meridian
Wichita,
Kansas
|
+$501K |
| 4 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$238K |
| 5 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$206K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.48M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.13M |
| 3 |
Morgan Stanley
New York
|
-$484K |
| 4 |
UCFA
United Capital Financial Advisors
Irving,
Texas
|
-$453K |
| 5 |
PAM
Peak Asset Management
Louisville,
Colorado
|
-$365K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
NDSI
76
Newman Dignan & Sheerar Inc
Providence,
Rhode Island
| $268 | +$2.38K | +338 | +0.9% |
|
|
PMG
77
ProVise Management Group
Clearwater,
Florida
| $77 | – | – | – |
|
|
PAM
78
Peak Asset Management
Louisville,
Colorado
| – | -$365K | -51,150 | Closed |
|
79
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$240K | -33,565 | Closed |
|
|
BF
80
BOK Financial
Tulsa,
Oklahoma
| – | -$200K | -28,000 | Closed |
|
81
Citadel Advisors
Miami,
Florida
| – | -$147K | -20,543 | Closed |
|
|
WAM
82
Weiss Asset Management
Boston,
Massachusetts
| – | -$117K | -16,432 | Closed |
|
|
TSS
83
Two Sigma Securities
New York
| – | -$112K | -15,664 | Closed |
|
84
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| – | -$20K | -2,800 | Closed |
|
|
CPIG
85
Chicago Partners Investment Group
Chicago,
Illinois
| – | -$7K | -1,000 | Closed |
|
|
APP
86
Avantax Planning Partners
Dubuque,
Iowa
| – | -$2K | -300 | Closed |
|
PMM Hedge Fund Activity: Q2 2018 in Review
76 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q2 2018, worth a combined $48.6M — down 7.5% from $52.6M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of PMM and 5 opened new positions — a net loss of 4 holders — while 20 trimmed existing stakes and 19 added.
The largest buyer was LPL Financial, adding an estimated $580K. The largest seller was Advisors Asset Management, cutting an estimated $1.48M.
- 76 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q2 2018, down from 81 in Q1 2018.
- Funds reported $48.6M of Franklin Managed Municipal Income Trust stock for Q2 2018, down 7.5% quarter-over-quarter.
- 5 funds opened new Franklin Managed Municipal Income Trust positions in Q2 2018 and 9 closed out, a net change of -4 holders.
- The largest Franklin Managed Municipal Income Trust buyer in Q2 2018 was LPL Financial, an estimated $580K added.
- The largest Franklin Managed Municipal Income Trust seller in Q2 2018 was Advisors Asset Management, an estimated $1.48M sold.
Based on aggregated 13F filings for Q2 2018.