Franklin Managed Municipal Income Trust
PMM
80 hedge funds and large institutions have $52.1M invested in Franklin Managed Municipal Income Trust in 2025 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 21 increasing their positions, 19 reducing their positions, and 18 closing their positions.
11% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 19
10% more capital invested
Capital invested by funds: $47.1M → $52.1M (+$4.94M)
2.49% more ownership
Funds ownership: 17% → 19.48% (+2.5%)
14% less funds holding
Funds holding: 93 → 80 (-13)
56% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.81M |
| 2 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
+$1.6M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$1.32M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.2M |
| 5 |
Pathstone Holdings
Englewood,
New Jersey
|
+$1.02M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$1.89M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$597K |
| 3 |
VanEck Associates
New York
|
-$452K |
| 4 |
Nomura Holdings
Tokyo,
Japan
|
-$304K |
| 5 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$259K |
PMM Hedge Fund Activity: Q1 2025 in Review
80 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q1 2025, worth a combined $52.1M — up 10% from $47.1M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of PMM and 8 opened new positions — a net loss of 10 holders — while 19 trimmed existing stakes and 21 added.
The largest buyer was Sit Investment Associates, adding an estimated $1.81M. The largest seller was Robinson Capital Management, exiting entirely with an estimated $1.89M sold.
- 80 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q1 2025, down from 93 in Q4 2024.
- Funds reported $52.1M of Franklin Managed Municipal Income Trust stock for Q1 2025, up 10% quarter-over-quarter.
- 8 funds opened new Franklin Managed Municipal Income Trust positions in Q1 2025 and 18 closed out, a net change of -10 holders.
- The largest Franklin Managed Municipal Income Trust buyer in Q1 2025 was Sit Investment Associates, an estimated $1.81M added.
- The largest Franklin Managed Municipal Income Trust seller in Q1 2025 was Robinson Capital Management, an estimated $1.89M sold.
Based on aggregated 13F filings for Q1 2025.