Franklin Managed Municipal Income Trust
PMM
92 hedge funds and large institutions have $46.5M invested in Franklin Managed Municipal Income Trust in 2024 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 20 increasing their positions, 22 reducing their positions, and 4 closing their positions.
225% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 4
14% more capital invested
Capital invested by funds: $40.7M → $46.5M (+$5.75M)
11% more funds holding
Funds holding: 83 → 92 (+9)
1.37% more ownership
Funds ownership: 14.16% → 15.53% (+1.4%)
9% less repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 22
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$2.2M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.02M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$388K |
| 4 |
Pathstone Holdings
Englewood,
New Jersey
|
+$370K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$348K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$556K |
| 2 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$298K |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$287K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$217K |
| 5 |
Nomura Holdings
Tokyo,
Japan
|
-$212K |
PMM Hedge Fund Activity: Q3 2024 in Review
92 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q3 2024, worth a combined $46.5M — up 14% from $40.7M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new PMM positions and 4 closed out — a net gain of 9 holders — while 20 added to existing stakes and 22 trimmed.
The largest buyer was Guggenheim Capital, adding an estimated $2.2M. The largest seller was Robinson Capital Management, cutting an estimated $556K.
- 92 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q3 2024, up from 83 in Q2 2024.
- Funds reported $46.5M of Franklin Managed Municipal Income Trust stock for Q3 2024, up 14% quarter-over-quarter.
- 13 funds opened new Franklin Managed Municipal Income Trust positions in Q3 2024 and 4 closed out, a net change of +9 holders.
- The largest Franklin Managed Municipal Income Trust buyer in Q3 2024 was Guggenheim Capital, an estimated $2.2M added.
- The largest Franklin Managed Municipal Income Trust seller in Q3 2024 was Robinson Capital Management, an estimated $556K sold.
Based on aggregated 13F filings for Q3 2024.