Franklin Managed Municipal Income Trust
PMM
80 hedge funds and large institutions have $36.7M invested in Franklin Managed Municipal Income Trust in 2022 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 16 increasing their positions, 19 reducing their positions, and 8 closing their positions.
38% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 8
3% more funds holding
Funds holding: 78 → 80 (+2)
0.79% more ownership
Funds ownership: 9.81% → 10.6% (+0.79%)
13% less capital invested
Capital invested by funds: $42.2M → $36.7M (-$5.46M)
16% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 19
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.37M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$1.33M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$633K |
| 4 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$398K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$358K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JPLA
Joseph P. Lucia & Associates
Yorktown Heights,
New York
|
-$870K |
| 2 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$411K |
| 3 |
WS
Wedbush Securities
Los Angeles,
California
|
-$285K |
| 4 |
LP
Lloyd Park
Wilmette,
Illinois
|
-$270K |
| 5 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
-$201K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TFS
76
TrustCore Financial Services
Brentwood,
Tennessee
| $8K | – | – | – |
|
77
Fifth Third Bancorp
Cincinnati,
Ohio
| $6K | – | – | – |
|
|
FIA
78
FNY Investment Advisers
New York
| $4K | +$4.5K | +600 | New |
|
|
MIM
79
Macroview Investment Management
Bethesda,
Maryland
| $3K | – | – | – |
|
80
Northern Trust
Chicago,
Illinois
| $1K | – | – | – |
|
|
LP
81
Lloyd Park
Wilmette,
Illinois
| – | -$270K | -30,730 | Closed |
|
|
IAIM
82
International Assets Investment Management
Orlando,
Florida
| – | -$159K | -18,183 | Closed |
|
|
KAS
83
Kestra Advisory Services
Austin,
Texas
| – | -$88K | -10,020 | Closed |
|
|
AHIA
84
Andrew Hill Investment Advisors
Naples,
Florida
| – | -$74K | -8,500 | Closed |
|
|
SFM
85
Signet Financial Management
Parsippany,
New Jersey
| – | -$55K | -6,245 | Closed |
|
|
CA
86
CoreCap Advisors
Southfield,
Michigan
| – | -$31K | -3,535 | Closed |
|
|
CT
87
Cambridge Trust
Cambridge,
Massachusetts
| – | -$4K | -479 | Closed |
|
|
TRCT
88
Tower Research Capital (TRC)
New York
| – | -$2K | -276 | Closed |
|
PMM Hedge Fund Activity: Q1 2022 in Review
80 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q1 2022, worth a combined $36.7M — down 13% from $42.2M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new PMM positions and 8 closed out — a net gain of 3 holders — while 16 added to existing stakes and 19 trimmed.
The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $1.37M. The largest seller was Joseph P. Lucia & Associates, cutting an estimated $870K.
- 80 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q1 2022, up from 78 in Q4 2021.
- Funds reported $36.7M of Franklin Managed Municipal Income Trust stock for Q1 2022, down 13% quarter-over-quarter.
- 11 funds opened new Franklin Managed Municipal Income Trust positions in Q1 2022 and 8 closed out, a net change of +3 holders.
- The largest Franklin Managed Municipal Income Trust buyer in Q1 2022 was Rivernorth Capital Management, an estimated $1.37M added.
- The largest Franklin Managed Municipal Income Trust seller in Q1 2022 was Joseph P. Lucia & Associates, an estimated $870K sold.
Based on aggregated 13F filings for Q1 2022.