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PMM

Franklin Managed Municipal Income Trust
PMM

94 hedge funds and large institutions have $38.5M invested in Franklin Managed Municipal Income Trust in 2024 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 15 increasing their positions, 22 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.84% less ownership

Funds ownership: 14.71% → 13.87% (-0.84%)

2% less funds holding

Funds holding: 96 → 94 (-2)

10% less capital invested

Capital invested by funds: $42.9M → $38.5M (-$4.36M)

13% less first-time investments, than exits

New positions opened: 13 | Existing positions closed: 15

32% less repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 22

Holders
94
Holders Change
-2
Holders Change %
-2.08%
% of All Funds
1.35%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
13
Increased
15
Reduced
22
Closed
15
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
AAM
Advisors Asset Management
Colorado
+$788K
2
BA
Bridgewater Advisors
New York
+$467K
3
Cetera Investment Advisers
Cetera Investment Advisers
Illinois
+$330K
4
WAM
Wolverine Asset Management
Illinois
+$301K
5
WCM
WealthBridge Capital Management
Ohio
+$256K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$2.19M
2
SIA
Sit Investment Associates
Minnesota
-$1.41M
3
Invesco
Invesco
Georgia
-$333K
4
ARC
Advisor Resource Council
Texas
-$300K
5
VanEck Associates
VanEck Associates
New York
-$274K
Name Holding Trade Value Shares
Change 		Change in
Stake
US Bancorp
76
US Bancorp
Minnesota
$42.8K – – –
BEI
77
Benjamin Edwards Inc
Missouri
$32K – – –
PNC Financial Services Group
78
PNC Financial Services Group
Pennsylvania
$31.9K – – –
FFA
79
Farther Finance Advisors
California
$28.2K – – –
CTC
80
Central Trust Company
Missouri
$21.4K +$21.9K +3,565 New
OP
81
ORG Partners
Indiana
$16.5K +$16.9K +2,749 New
GWM
82
Geneos Wealth Management
Colorado
$12.8K – – –
AF
83
Advisornet Financial
Minnesota
$12.7K – – –
CHC
84
City Holding Co
West Virginia
$12K – – –
HCM
85
Highlander Capital Management
New Jersey
$12K – – –
HNB
86
Hilltop National Bank
Wyoming
$10.7K +$10.9K +1,780 New
CWP
87
Concord Wealth Partners
Virginia
$9.31K – – –
CAL
88
Capital Analysts LLC
Pennsylvania
$6K – – –
MWM
89
Mascoma Wealth Management
New Hampshire
$4.01K – – –
MIM
90
Macroview Investment Management
Maryland
$2.4K – – –
TRCT
91
Tower Research Capital (TRC)
New York
$1.74K +$1.78K +290 New
DEM
92
Disciplined Equity Management
Florida
$839 – – –
CA
93
CoreCap Advisors
Michigan
$599 +$614 +100 New
HNB
94
Huntington National Bank
Ohio
$6 – – –
FIA
95
FNY Investment Advisers
New York
$3 – – –
ARC
96
Advisor Resource Council
Texas
– -$300K -49,300 Closed
SCM
97
Saba Capital Management
New York
– -$138K -22,770 Closed
MC
98
Moors & Cabot
Massachusetts
– -$122K -20,000 Closed
AC
99
Aristides Capital
Kentucky
– -$121K -19,900 Closed
FWM
100
Fairhaven Wealth Management
Illinois
– -$111K -18,300 Closed
1 2 3
4
5

PMM Hedge Fund Activity: Q1 2024 in Review

94 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q1 2024, worth a combined $38.5M — down 10% from $42.9M a quarter earlier.

Sellers outnumbered buyers: 15 funds closed out of PMM and 13 opened new positions — a net loss of 2 holders — while 22 trimmed existing stakes and 15 added.

The largest buyer was Advisors Asset Management, adding an estimated $788K. The largest seller was Morgan Stanley, cutting an estimated $2.19M.

  • 94 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q1 2024, down from 96 in Q4 2023.
  • Funds reported $38.5M of Franklin Managed Municipal Income Trust stock for Q1 2024, down 10% quarter-over-quarter.
  • 13 funds opened new Franklin Managed Municipal Income Trust positions in Q1 2024 and 15 closed out, a net change of -2 holders.
  • The largest Franklin Managed Municipal Income Trust buyer in Q1 2024 was Advisors Asset Management, an estimated $788K added.
  • The largest Franklin Managed Municipal Income Trust seller in Q1 2024 was Morgan Stanley, an estimated $2.19M sold.

Based on aggregated 13F filings for Q1 2024.