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PMM

Franklin Managed Municipal Income Trust
PMM

83 hedge funds and large institutions have $33.6M invested in Franklin Managed Municipal Income Trust in 2023 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 17 increasing their positions, 25 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 6

2% more funds holding

Funds holding: 81 → 83 (+2)

0.71% more ownership

Funds ownership: 12.15% → 12.86% (+0.71%)

8% less capital invested

Capital invested by funds: $36.4M → $33.6M (-$2.77M)

32% less repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 25

Holders
83
Holders Change
+2
Holders Change %
+2.47%
% of All Funds
1.32%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
17
Reduced
25
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Robinson Capital Management
Michigan
+$1.66M
2
WAM
Wolverine Asset Management
Illinois
+$341K
3
Morgan Stanley
Morgan Stanley
New York
+$330K
4
Wells Fargo
Wells Fargo
California
+$281K
5
VanEck Associates
VanEck Associates
New York
+$256K

Top Sellers

Rank Fund Capital Flow
1
RJA
Raymond James & Associates
Florida
-$895K
2
RJFSA
Raymond James Financial Services Advisors
Florida
-$395K
3
Ameriprise
Ameriprise
Minnesota
-$273K
4
AAS
Avantax Advisory Services
Texas
-$265K
5
Walleye Capital
Walleye Capital
New York
-$150K
Name Holding Trade Value Shares
Change 		Change in
Stake
CHC
76
City Holding Co
West Virginia
$10.9K – – –
CWP
77
Concord Wealth Partners
Virginia
$8.5K – – –
MWM
78
Mascoma Wealth Management
New Hampshire
$3.67K – – –
Carson Wealth (CWM LLC)
79
Carson Wealth (CWM LLC)
Nebraska
$3K -$5.72K -980 -67%
FIA
80
FNY Investment Advisers
New York
$3K – – –
PFA
81
Pathway Financial Advisers
Indiana
$2.35K +$2.5K +429 New
MIM
82
Macroview Investment Management
Maryland
$2.19K – – –
HNB
83
Huntington National Bank
Ohio
$5 – – –
Fidelity Investments
84
Fidelity Investments
Massachusetts
$5 +$6 +1 New
Walleye Capital
85
Walleye Capital
New York
– -$150K -24,559 Closed
HighTower Advisors
86
HighTower Advisors
Illinois
– -$100K -16,389 Closed
ACP
87
Aveo Capital Partners
Colorado
– -$65K -10,665 Closed
KAS
88
Kestra Advisory Services
Texas
– -$61K -10,020 Closed
TWM
89
Tradition Wealth Management
Minnesota
– -$25K -4,111 Closed
JP Morgan Chase
90
JP Morgan Chase
New York
– -$530 -87 Closed
1 2 3
4

PMM Hedge Fund Activity: Q3 2023 in Review

83 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q3 2023, worth a combined $33.6M — down 7.6% from $36.4M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new PMM positions and 6 closed out — a net gain of 2 holders — while 17 added to existing stakes and 25 trimmed.

The largest buyer was Robinson Capital Management, opening a new position worth an estimated $1.66M. The largest seller was Raymond James & Associates, cutting an estimated $895K.

  • 83 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q3 2023, up from 81 in Q2 2023.
  • Funds reported $33.6M of Franklin Managed Municipal Income Trust stock for Q3 2023, down 7.6% quarter-over-quarter.
  • 8 funds opened new Franklin Managed Municipal Income Trust positions in Q3 2023 and 6 closed out, a net change of +2 holders.
  • The largest Franklin Managed Municipal Income Trust buyer in Q3 2023 was Robinson Capital Management, an estimated $1.66M added.
  • The largest Franklin Managed Municipal Income Trust seller in Q3 2023 was Raymond James & Associates, an estimated $895K sold.

Based on aggregated 13F filings for Q3 2023.