Franklin Managed Municipal Income Trust
PMM
78 hedge funds and large institutions have $42.2M invested in Franklin Managed Municipal Income Trust in 2021 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 24 increasing their positions, 15 reducing their positions, and 2 closing their positions.
400% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 2
60% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 15
11% more funds holding
Funds holding: 70 → 78 (+8)
10% more capital invested
Capital invested by funds: $38.2M → $42.2M (+$3.95M)
0.43% more ownership
Funds ownership: 9.38% → 9.81% (+0.43%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$658K |
| 2 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$555K |
| 3 |
JPLA
Joseph P. Lucia & Associates
Yorktown Heights,
New York
|
+$355K |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$335K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$94.3K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SBH
Segall Bryant & Hamill
Chicago,
Illinois
|
-$284K |
| 2 |
GCP
Gill Capital Partners
Denver,
Colorado
|
-$270K |
| 3 |
VanEck Associates
New York
|
-$149K |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
-$141K |
| 5 |
AA
AlphaCentric Advisors
San Juan,
Puerto Rico
|
-$111K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CT
76
Cambridge Trust
Cambridge,
Massachusetts
| $4K | +$4.08K | +479 | New |
|
|
TRCT
77
Tower Research Capital (TRC)
New York
| $2K | +$2.35K | +276 | New |
|
78
Northern Trust
Chicago,
Illinois
| $1K | – | – | – |
|
|
SBH
79
Segall Bryant & Hamill
Chicago,
Illinois
| – | -$284K | -34,000 | Closed |
|
|
HI
80
Harbour Investments
Madison,
Wisconsin
| – | -$9K | -1,095 | Closed |
|
PMM Hedge Fund Activity: Q4 2021 in Review
78 of the 6,498 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q4 2021, worth a combined $42.2M — up 10% from $38.2M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new PMM positions and 2 closed out — a net gain of 8 holders — while 24 added to existing stakes and 15 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $658K. The largest seller was Segall Bryant & Hamill, exiting entirely with an estimated $284K sold.
- 78 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q4 2021, up from 70 in Q3 2021.
- Funds reported $42.2M of Franklin Managed Municipal Income Trust stock for Q4 2021, up 10% quarter-over-quarter.
- 10 funds opened new Franklin Managed Municipal Income Trust positions in Q4 2021 and 2 closed out, a net change of +8 holders.
- The largest Franklin Managed Municipal Income Trust buyer in Q4 2021 was Morgan Stanley, an estimated $658K added.
- The largest Franklin Managed Municipal Income Trust seller in Q4 2021 was Segall Bryant & Hamill, an estimated $284K sold.
Based on aggregated 13F filings for Q4 2021.