Franklin Managed Municipal Income Trust
PMM
72 hedge funds and large institutions have $34.8M invested in Franklin Managed Municipal Income Trust in 2022 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 16 increasing their positions, 21 reducing their positions, and 14 closing their positions.
0.08% more ownership
Funds ownership: 10.6% → 10.67% (+0.08%)
5% less capital invested
Capital invested by funds: $36.7M → $34.8M (-$1.94M)
10% less funds holding
Funds holding: 80 → 72 (-8)
24% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 21
50% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$1.56M |
| 2 |
AAS
Avantax Advisory Services
Dallas,
Texas
|
+$1.08M |
| 3 |
KMWM
Keudell/Morrison Wealth Management
Salem,
Oregon
|
+$1.01M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$978K |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$961K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.29M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$844K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$781K |
| 4 |
Morgan Stanley
New York
|
-$751K |
| 5 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
-$507K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
LSC
76
Logan Stone Capital
Chicago,
Illinois
| – | -$375K | -53,005 | Closed |
|
|
LCM
77
Landscape Capital Management
Englewood,
New Jersey
| – | -$260K | -36,832 | Closed |
|
78
Comerica Bank
Dallas,
Texas
| – | -$115K | -17,000 | Closed |
|
79
Northern Trust
Chicago,
Illinois
| – | -$1K | -14,650 | Closed |
|
|
CA
80
Calton & Associates
Tampa,
Florida
| – | -$96K | -13,683 | Closed |
|
|
DWM
81
Doyle Wealth Management
St. Petersburg,
Florida
| – | -$85K | -12,000 | Closed |
|
|
PAG
82
Private Advisor Group
Morristown,
New Jersey
| – | -$76K | -10,752 | Closed |
|
|
BFC
83
Bedel Financial Consulting
Indianapolis,
Indiana
| – | -$35K | -5,000 | Closed |
|
|
FAG
84
Fortitude Advisory Group
Gig Harbor,
Washington
| – | -$30K | -4,211 | Closed |
|
|
MCC
85
Money Concepts Capital
Palm Beach Gardens,
Florida
| – | -$9K | -1,250 | Closed |
|
86
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$6K | -814 | Closed |
|
PMM Hedge Fund Activity: Q2 2022 in Review
72 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q2 2022, worth a combined $34.8M — down 5.3% from $36.7M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of PMM and 7 opened new positions — a net loss of 7 holders — while 21 trimmed existing stakes and 16 added.
The largest buyer was Raymond James Financial Services Advisors, adding an estimated $1.56M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $1.29M sold.
- 72 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q2 2022, down from 80 in Q1 2022.
- Funds reported $34.8M of Franklin Managed Municipal Income Trust stock for Q2 2022, down 5.3% quarter-over-quarter.
- 7 funds opened new Franklin Managed Municipal Income Trust positions in Q2 2022 and 14 closed out, a net change of -7 holders.
- The largest Franklin Managed Municipal Income Trust buyer in Q2 2022 was Raymond James Financial Services Advisors, an estimated $1.56M added.
- The largest Franklin Managed Municipal Income Trust seller in Q2 2022 was Rivernorth Capital Management, an estimated $1.29M sold.
Based on aggregated 13F filings for Q2 2022.