Franklin Managed Municipal Income Trust
PMM
78 hedge funds and large institutions have $47.5M invested in Franklin Managed Municipal Income Trust in 2018 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 19 increasing their positions, 19 reducing their positions, and 8 closing their positions.
25% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 8
3% more funds holding
Funds holding: 76 → 78 (+2)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 19
0.09% less ownership
Funds ownership: 12.89% → 12.8% (-0.09%)
2% less capital invested
Capital invested by funds: $48.6M → $47.5M (-$1.13M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
+$1.34M |
| 2 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$692K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$276K |
| 4 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$274K |
| 5 |
AG
Advisor Group
Phoenix,
Arizona
|
+$208K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
-$852K |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$712K |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$579K |
| 4 |
Invesco
Atlanta,
Georgia
|
-$551K |
| 5 |
6M
6 Meridian
Wichita,
Kansas
|
-$503K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Fifth Third Bancorp
Cincinnati,
Ohio
| $7K | -$25.1K | -3,540 | -78% |
|
|
CPIG
77
Chicago Partners Investment Group
Chicago,
Illinois
| $7K | +$7.09K | +1,000 | New |
|
78
Citigroup
New York
| $5K | – | – | – |
|
|
MPWT
79
MassMutual Private Wealth & Trust
Windsor,
Connecticut
| $3.46K | – | – | – |
|
|
APP
80
Avantax Planning Partners
Dubuque,
Iowa
| $2K | +$2.13K | +300 | New |
|
|
6M
81
6 Meridian
Wichita,
Kansas
| – | -$503K | -71,023 | Closed |
|
|
CAG
82
Csenge Advisory Group
Clearwater,
Florida
| – | -$238K | -33,603 | Closed |
|
|
IA
83
IFP Advisors
Tampa,
Florida
| – | -$148K | -20,850 | Closed |
|
|
DA
84
Doliver Advisors
Houston,
Texas
| – | -$115K | -16,195 | Closed |
|
|
PFT
85
Providence First Trust
Scottsdale,
Arizona
| – | -$103K | -14,540 | Closed |
|
|
VF
86
Virtu Financial
New York
| – | -$78K | -11,042 | Closed |
|
|
PMG
87
ProVise Management Group
Clearwater,
Florida
| – | -$77 | -10,846 | Closed |
|
88
SEI Investments
Oaks,
Pennsylvania
| – | -$3K | -400 | Closed |
|
PMM Hedge Fund Activity: Q3 2018 in Review
78 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q3 2018, worth a combined $47.5M — down 2.3% from $48.6M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new PMM positions and 8 closed out — a net gain of 2 holders — while 19 added to existing stakes and 19 trimmed.
The largest buyer was Envestnet Asset Management, opening a new position worth an estimated $1.34M. The largest seller was Ameriprise, cutting an estimated $852K.
- 78 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q3 2018, up from 76 in Q2 2018.
- Funds reported $47.5M of Franklin Managed Municipal Income Trust stock for Q3 2018, down 2.3% quarter-over-quarter.
- 10 funds opened new Franklin Managed Municipal Income Trust positions in Q3 2018 and 8 closed out, a net change of +2 holders.
- The largest Franklin Managed Municipal Income Trust buyer in Q3 2018 was Envestnet Asset Management, an estimated $1.34M added.
- The largest Franklin Managed Municipal Income Trust seller in Q3 2018 was Ameriprise, an estimated $852K sold.
Based on aggregated 13F filings for Q3 2018.