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PMM

Franklin Managed Municipal Income Trust
PMM

96 hedge funds and large institutions have $42.9M invested in Franklin Managed Municipal Income Trust in 2023 Q4 according to their latest regulatory filings, with 24 funds opening new positions, 17 increasing their positions, 27 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

167% more first-time investments, than exits

New positions opened: 24 | Existing positions closed: 9

27% more capital invested

Capital invested by funds: $33.6M → $42.9M (+$9.21M)

16% more funds holding

Funds holding: 83 → 96 (+13)

1.85% more ownership

Funds ownership: 12.86% → 14.71% (+1.8%)

37% less repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 27

Holders
96
Holders Change
+13
Holders Change %
+15.66%
% 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
17
Reduced
27
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
+$2.08M
2
RIL
Rothschild Investment LLC
Illinois
+$1.42M
3
SIA
Sit Investment Associates
Minnesota
+$1.35M
4
Morgan Stanley
Morgan Stanley
New York
+$775K
5
AAM
Advisors Asset Management
Colorado
+$769K

Top Sellers

Rank Fund Capital Flow
1
KMWM
Keudell/Morrison Wealth Management
Oregon
-$749K
2
RJFSA
Raymond James Financial Services Advisors
Florida
-$457K
3
Ameriprise
Ameriprise
Minnesota
-$456K
4
WAM
Wolverine Asset Management
Illinois
-$409K
5
MC
Moors & Cabot
Massachusetts
-$224K
Name Holding Trade Value Shares
Change 		Change in
Stake
TH
76
TCTC Holdings
Texas
$60.9K – – –
AA
77
AlphaCentric Advisors
Puerto Rico
$49.4K +$45.5K +8,125 New
RWM
78
Ruedi Wealth Management
Illinois
$43.6K – – –
US Bancorp
79
US Bancorp
Minnesota
$43.5K – – –
BEI
80
Benjamin Edwards Inc
Missouri
$33K – – –
PNC Financial Services Group
81
PNC Financial Services Group
Pennsylvania
$32.4K – – –
FFA
82
Farther Finance Advisors
California
$28.6K -$28.9K -5,157 -52%
TC
83
Truvestments Capital
Florida
$24.3K +$22.4K +4,000 New
GWM
84
Geneos Wealth Management
Colorado
$13K – – –
AF
85
Advisornet Financial
Minnesota
$12.9K – – –
CHC
86
City Holding Co
West Virginia
$12.2K – – –
HCM
87
Highlander Capital Management
New Jersey
$12.2K – – –
CWP
88
Concord Wealth Partners
Virginia
$9.45K – – –
NFA
89
Northwest Financial Advisors
Virginia
$7.58K +$6.99K +1,247 New
CAL
90
Capital Analysts LLC
Pennsylvania
$6K +$5.93K +1,059 New
MWM
91
Mascoma Wealth Management
New Hampshire
$4.07K – – –
FIA
92
FNY Investment Advisers
New York
$3K – – –
Carson Wealth (CWM LLC)
93
Carson Wealth (CWM LLC)
Nebraska
$3K +$34 +6 +1%
PFA
94
Pathway Financial Advisers
Indiana
$2.61K – – –
MIM
95
Macroview Investment Management
Maryland
$2.43K – – –
DEM
96
Disciplined Equity Management
Florida
$852 +$785 +140 New
HNB
97
Huntington National Bank
Ohio
$6 – – –
WAM
98
Wolverine Asset Management
Illinois
– -$409K -74,763 Closed
AA
99
Ancora Advisors
Ohio
– -$140K -25,590 Closed
VF
100
Virtu Financial
New York
– -$101K -18,556 Closed
1 2 3
4
5

PMM Hedge Fund Activity: Q4 2023 in Review

96 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q4 2023, worth a combined $42.9M — up 27% from $33.6M a quarter earlier.

Buyers outnumbered sellers: 24 funds opened new PMM positions and 9 closed out — a net gain of 15 holders — while 17 added to existing stakes and 27 trimmed.

The largest buyer was Wells Fargo, adding an estimated $2.08M. The largest seller was Keudell/Morrison Wealth Management, cutting an estimated $749K.

  • 96 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q4 2023, up from 83 in Q3 2023.
  • Funds reported $42.9M of Franklin Managed Municipal Income Trust stock for Q4 2023, up 27% quarter-over-quarter.
  • 24 funds opened new Franklin Managed Municipal Income Trust positions in Q4 2023 and 9 closed out, a net change of +15 holders.
  • The largest Franklin Managed Municipal Income Trust buyer in Q4 2023 was Wells Fargo, an estimated $2.08M added.
  • The largest Franklin Managed Municipal Income Trust seller in Q4 2023 was Keudell/Morrison Wealth Management, an estimated $749K sold.

Based on aggregated 13F filings for Q4 2023.