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PMM

Franklin Managed Municipal Income Trust
PMM

84 hedge funds and large institutions have $50.5M invested in Franklin Managed Municipal Income Trust in 2025 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 24 increasing their positions, 17 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

75% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 8

41% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 17

5% more funds holding

Funds holding: 80 → 84 (+4)

3% less capital invested

Capital invested by funds: $52.1M → $50.5M (-$1.54M)

1.29% less ownership

Funds ownership: 19.48% → 18.2% (-1.3%)

Holders
84
Holders Change
+4
Holders Change %
+5%
% of All Funds
1.11%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
14
Increased
24
Reduced
17
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
HWAM
Hennion & Walsh Asset Management
New Jersey
+$1.47M
2
AF
Allworth Financial
California
+$611K
3
Invesco
Invesco
Georgia
+$549K
4
GC
Guggenheim Capital
Illinois
+$544K
5
Wells Fargo
Wells Fargo
California
+$414K

Top Sellers

Rank Fund Capital Flow
1
Pathstone Holdings
Pathstone Holdings
New Jersey
-$1.59M
2
RIL
Rothschild Investment LLC
Illinois
-$1.27M
3
RCM
Rivernorth Capital Management
Florida
-$917K
4
UBS Group
UBS Group
Switzerland
-$465K
5
ARC
Advisor Resource Council
Texas
-$406K
Name Holding Trade Value Shares
Change 		Change in
Stake
CHC
76
City Holding Co
West Virginia
$12K – – –
CWP
77
Concord Wealth Partners
Virginia
$9.29K – – –
HNB
78
Hilltop National Bank
Wyoming
$8.49K +$8.4K +1,420 New
CAL
79
Capital Analysts LLC
Pennsylvania
$6K +$30 +5 +0.5%
MWM
80
Mascoma Wealth Management
New Hampshire
$4.01K – – –
DEM
81
Disciplined Equity Management
Florida
$838 +$829 +140 New
CA
82
CoreCap Advisors
Michigan
$598 – – –
GI
83
GAMMA Investing
California
$431 +$426 +72 New
JP Morgan Chase
84
JP Morgan Chase
New York
$329 +$326 +55 New
HNB
85
Huntington National Bank
Ohio
$6 – – –
RCM
86
Rivernorth Capital Management
Florida
– -$917K -149,544 Closed
ARC
87
Advisor Resource Council
Texas
– -$406K -66,293 Closed
Citadel Advisors
88
Citadel Advisors
Florida
– -$132K -21,586 Closed
GJWM
89
Gilliland Jeter Wealth Management
Arkansas
– -$74.4K -12,138 Closed
HF
90
HRT Financial
New York
– -$65K -10,677 Closed
AGA
91
Arkos Global Advisors
Texas
– -$62K -10,049 Closed
AG
92
AmeriFlex Group
Nevada
– -$7.36K -1,200 Closed
TRCT
93
Tower Research Capital (TRC)
New York
– -$239 -39 Closed
1 2 3
4

PMM Hedge Fund Activity: Q2 2025 in Review

84 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q2 2025, worth a combined $50.5M — down 3% from $52.1M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new PMM positions and 8 closed out — a net gain of 6 holders — while 24 added to existing stakes and 17 trimmed.

The largest buyer was Hennion & Walsh Asset Management, adding an estimated $1.47M. The largest seller was Pathstone Holdings, cutting an estimated $1.59M.

  • 84 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q2 2025, up from 80 in Q1 2025.
  • Funds reported $50.5M of Franklin Managed Municipal Income Trust stock for Q2 2025, down 3% quarter-over-quarter.
  • 14 funds opened new Franklin Managed Municipal Income Trust positions in Q2 2025 and 8 closed out, a net change of +6 holders.
  • The largest Franklin Managed Municipal Income Trust buyer in Q2 2025 was Hennion & Walsh Asset Management, an estimated $1.47M added.
  • The largest Franklin Managed Municipal Income Trust seller in Q2 2025 was Pathstone Holdings, an estimated $1.59M sold.

Based on aggregated 13F filings for Q2 2025.