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PMM

Franklin Managed Municipal Income Trust
PMM

87 hedge funds and large institutions have $36.6M invested in Franklin Managed Municipal Income Trust in 2022 Q4 according to their latest regulatory filings, with 24 funds opening new positions, 15 increasing their positions, 21 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more first-time investments, than exits

New positions opened: 24 | Existing positions closed: 8

21% more capital invested

Capital invested by funds: $30.3M → $36.6M (+$6.27M)

19% more funds holding

Funds holding: 73 → 87 (+14)

0.95% more ownership

Funds ownership: 10.93% → 11.88% (+0.95%)

29% less repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 21

Holders
87
Holders Change
+14
Holders Change %
+19.18%
% of All Funds
1.4%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
24
Increased
15
Reduced
21
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
AAM
Advisors Asset Management
Colorado
+$991K
2
Morgan Stanley
Morgan Stanley
New York
+$729K
3
KMWM
Keudell/Morrison Wealth Management
Oregon
+$557K
4
Ameriprise
Ameriprise
Minnesota
+$436K
5
Invesco
Invesco
Georgia
+$323K

Top Sellers

Rank Fund Capital Flow
1
RJFSA
Raymond James Financial Services Advisors
Florida
-$1.95M
2
Bank of America
Bank of America
North Carolina
-$448K
3
Wells Fargo
Wells Fargo
California
-$382K
4
AAS
Avantax Advisory Services
Texas
-$227K
5
RJA
Raymond James & Associates
Florida
-$147K
Name Holding Trade Value Shares
Change 		Change in
Stake
GWS
76
Glassman Wealth Services
Virginia
$8.87K +$8.57K +1,413 New
MCC
77
Money Concepts Capital
Florida
$7.85K +$7.58K +1,250 New
TFS
78
TrustCore Financial Services
Tennessee
$7.53K – – –
PFA
79
Pathway Financial Advisers
Indiana
$4.64K +$4.48K +739 New
MWM
80
Mascoma Wealth Management
New Hampshire
$4.21K – – –
FIA
81
FNY Investment Advisers
New York
$3K – – –
USCWA
82
U.S. Capital Wealth Advisors
Texas
$3K +$2.9K +477 New
GRP
83
Global Retirement Partners
California
$2.52K +$2.43K +401 New
MIM
84
Macroview Investment Management
Maryland
$2.51K – – –
CA
85
CoreCap Advisors
Michigan
$628 +$607 +100 New
PAG
86
Private Advisor Group
New Jersey
$102 +$3.65K +601 +4%
HNB
87
Huntington National Bank
Ohio
$6 – – –
Fidelity Investments
88
Fidelity Investments
Massachusetts
$6 +$6 +1 New
RWM
89
Ritholtz Wealth Management
New York
– -$139K -24,617 Closed
KAS
90
Kestra Advisory Services
Texas
– -$125K -22,084 Closed
Mariner
91
Mariner
Kansas
– -$100K -17,667 Closed
Envestnet Asset Management
92
Envestnet Asset Management
Illinois
– -$76K -13,485 Closed
LCM
93
Landscape Capital Management
New Jersey
– -$60K -10,683 Closed
BCA
94
Bay Colony Advisors
Massachusetts
– -$58K -10,290 Closed
BWA
95
BDO Wealth Advisors
Florida
– -$20K -3,500 Closed
Fifth Third Bancorp
96
Fifth Third Bancorp
Ohio
– -$4K -650 Closed
1 2 3
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PMM Hedge Fund Activity: Q4 2022 in Review

87 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q4 2022, worth a combined $36.6M — up 21% from $30.3M a quarter earlier.

Buyers outnumbered sellers: 24 funds opened new PMM positions and 8 closed out — a net gain of 16 holders — while 15 added to existing stakes and 21 trimmed.

The largest buyer was Advisors Asset Management, opening a new position worth an estimated $991K. The largest seller was Raymond James Financial Services Advisors, cutting an estimated $1.95M.

  • 87 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q4 2022, up from 73 in Q3 2022.
  • Funds reported $36.6M of Franklin Managed Municipal Income Trust stock for Q4 2022, up 21% quarter-over-quarter.
  • 24 funds opened new Franklin Managed Municipal Income Trust positions in Q4 2022 and 8 closed out, a net change of +16 holders.
  • The largest Franklin Managed Municipal Income Trust buyer in Q4 2022 was Advisors Asset Management, an estimated $991K added.
  • The largest Franklin Managed Municipal Income Trust seller in Q4 2022 was Raymond James Financial Services Advisors, an estimated $1.95M sold.

Based on aggregated 13F filings for Q4 2022.