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PMM

Franklin Managed Municipal Income Trust
PMM

83 hedge funds and large institutions have $40.7M invested in Franklin Managed Municipal Income Trust in 2024 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 20 increasing their positions, 23 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

6% more capital invested

Capital invested by funds: $38.5M → $40.7M (+$2.22M)

0.29% more ownership

Funds ownership: 13.87% → 14.16% (+0.29%)

12% less funds holding

Funds holding: 94 → 83 (-11)

13% less repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 23

64% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 14

Holders
83
Holders Change
-11
Holders Change %
-11.7%
% of All Funds
1.2%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
20
Reduced
23
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
+$1.19M
2
AAM
Advisors Asset Management
Colorado
+$955K
3
Bank of America
Bank of America
North Carolina
+$449K
4
RCM
Robinson Capital Management
Michigan
+$311K
5
VanEck Associates
VanEck Associates
New York
+$256K

Top Sellers

Rank Fund Capital Flow
1
Osaic Holdings
Osaic Holdings
Arizona
-$413K
2
HF
HRT Financial
New York
-$215K
3
Invesco
Invesco
Georgia
-$207K
4
Franklin Resources
Franklin Resources
California
-$169K
5
Ameriprise
Ameriprise
Minnesota
-$156K
Name Holding Trade Value Shares
Change 		Change in
Stake
AF
76
Advisornet Financial
Minnesota
$13.2K – – –
CHC
77
City Holding Co
West Virginia
$12.4K – – –
HNB
78
Hilltop National Bank
Wyoming
$11K – – –
CWP
79
Concord Wealth Partners
Virginia
$9.63K – – –
CAL
80
Capital Analysts LLC
Pennsylvania
$7K – – –
MWM
81
Mascoma Wealth Management
New Hampshire
$4.15K – – –
MIM
82
Macroview Investment Management
Maryland
$2.48K – – –
DEM
83
Disciplined Equity Management
Florida
$868 – – –
HNB
84
Huntington National Bank
Ohio
$6 – – –
HF
85
HRT Financial
New York
– -$215K -35,945 Closed
Franklin Resources
86
Franklin Resources
California
– -$169K -28,251 Closed
TFCP
87
Twin Focus Capital Partners
Massachusetts
– -$144K -23,993 Closed
SP
88
Stonebrook Private
Michigan
– -$130K -21,661 Closed
VF
89
Virtu Financial
New York
– -$91K -15,180 Closed
CICC
90
Capital Investment Counsel (Colorado)
Colorado
– -$89.8K -15,000 Closed
QCIG
91
Quad-Cities Investment Group
Iowa
– -$64.4K -10,754 Closed
FAM
92
Family Asset Management
South Carolina
– -$62.3K -10,400 Closed
UCFA
93
United Capital Financial Advisors
Texas
– -$61.6K -10,286 Closed
RWM
94
Ruedi Wealth Management
Illinois
– -$42.9K -7,164 Closed
CTC
95
Central Trust Company
Missouri
– -$21.4K -3,565 Closed
FIA
96
FNY Investment Advisers
New York
– -$3 -600 Closed
TRCT
97
Tower Research Capital (TRC)
New York
– -$1.74K -290 Closed
CA
98
CoreCap Advisors
Michigan
– -$599 -100 Closed
1 2 3
4

PMM Hedge Fund Activity: Q2 2024 in Review

83 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q2 2024, worth a combined $40.7M — up 5.8% from $38.5M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of PMM and 5 opened new positions — a net loss of 9 holders — while 23 trimmed existing stakes and 20 added.

The largest buyer was Guggenheim Capital, adding an estimated $1.19M. The largest seller was Osaic Holdings, cutting an estimated $413K.

  • 83 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q2 2024, down from 94 in Q1 2024.
  • Funds reported $40.7M of Franklin Managed Municipal Income Trust stock for Q2 2024, up 5.8% quarter-over-quarter.
  • 5 funds opened new Franklin Managed Municipal Income Trust positions in Q2 2024 and 14 closed out, a net change of -9 holders.
  • The largest Franklin Managed Municipal Income Trust buyer in Q2 2024 was Guggenheim Capital, an estimated $1.19M added.
  • The largest Franklin Managed Municipal Income Trust seller in Q2 2024 was Osaic Holdings, an estimated $413K sold.

Based on aggregated 13F filings for Q2 2024.