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PMM

Franklin Managed Municipal Income Trust
PMM

76 hedge funds and large institutions have $34.1M invested in Franklin Managed Municipal Income Trust in 2023 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 21 increasing their positions, 16 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

31% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 16

0.46% less ownership

Funds ownership: 11.88% → 11.42% (-0.46%)

7% less capital invested

Capital invested by funds: $36.6M → $34.1M (-$2.51M)

13% less funds holding

Funds holding: 87 → 76 (-11)

57% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 14

Holders
76
Holders Change
-11
Holders Change %
-12.64%
% of All Funds
1.21%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
21
Reduced
16
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
AAM
Advisors Asset Management
Colorado
+$719K
2
Rockefeller Capital Management
Rockefeller Capital Management
New York
+$564K
3
Invesco
Invesco
Georgia
+$307K
4
DLG
Daniel L. Goodwin
+$175K
5
CAN
Cetera Advisor Networks
California
+$164K

Top Sellers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
-$604K
2
Bank of America
Bank of America
North Carolina
-$524K
3
PFT
Providence First Trust
Arizona
-$499K
4
KIG
Kennedy Investment Group
New Jersey
-$356K
5
Cohen & Steers
Cohen & Steers
New York
-$294K
Name Holding Trade Value Shares
Change 		Change in
Stake
Commonwealth Equity Services
76
Commonwealth Equity Services
Massachusetts
$333 +$16.2K +2,397 +5%
HNB
77
Huntington National Bank
Ohio
$6 – – –
PFT
78
Providence First Trust
Arizona
– -$499K -79,506 Closed
Cohen & Steers
79
Cohen & Steers
New York
– -$294K -46,870 Closed
Susquehanna International Group
80
Susquehanna International Group
Pennsylvania
– -$232K -37,011 Closed
WAM
81
Weiss Asset Management
Massachusetts
– -$174K -27,687 Closed
LC
82
LCNB Corp
Ohio
– -$129K -20,565 Closed
VCWA
83
Vanguard Capital Wealth Advisors
Colorado
– -$89.9K -14,320 Closed
CA
84
Calton & Associates
Florida
– -$85.9K -13,683 Closed
WAP
85
Wealthcare Advisory Partners
Pennsylvania
– -$75.5K -12,018 Closed
RBC
86
Romano Brothers & Co
Illinois
– -$9.78K -1,557 Closed
GWS
87
Glassman Wealth Services
Virginia
– -$8.87K -1,413 Closed
MCC
88
Money Concepts Capital
Florida
– -$7.85K -1,250 Closed
USCWA
89
U.S. Capital Wealth Advisors
Texas
– -$3K -477 Closed
GRP
90
Global Retirement Partners
California
– -$2.52K -401 Closed
Fidelity Investments
91
Fidelity Investments
Massachusetts
– -$6 -1 Closed
1 2 3
4

PMM Hedge Fund Activity: Q1 2023 in Review

76 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q1 2023, worth a combined $34.1M — down 6.8% from $36.6M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of PMM and 6 opened new positions — a net loss of 8 holders — while 16 trimmed existing stakes and 21 added.

The largest buyer was Advisors Asset Management, adding an estimated $719K. The largest seller was Wells Fargo, cutting an estimated $604K.

  • 76 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q1 2023, down from 87 in Q4 2022.
  • Funds reported $34.1M of Franklin Managed Municipal Income Trust stock for Q1 2023, down 6.8% quarter-over-quarter.
  • 6 funds opened new Franklin Managed Municipal Income Trust positions in Q1 2023 and 14 closed out, a net change of -8 holders.
  • The largest Franklin Managed Municipal Income Trust buyer in Q1 2023 was Advisors Asset Management, an estimated $719K added.
  • The largest Franklin Managed Municipal Income Trust seller in Q1 2023 was Wells Fargo, an estimated $604K sold.

Based on aggregated 13F filings for Q1 2023.