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PMM

Franklin Managed Municipal Income Trust
PMM

80 hedge funds and large institutions have $49.9M invested in Franklin Managed Municipal Income Trust in 2025 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 19 increasing their positions, 16 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

19% more repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 16

0.4% less ownership

Funds ownership: 18.2% → 17.8% (-0.4%)

1% less capital invested

Capital invested by funds: $50.5M → $49.9M (-$613K)

5% less funds holding

Funds holding: 84 → 80 (-4)

18% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 11

Holders
80
Holders Change
-4
Holders Change %
-4.76%
% of All Funds
1.05%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
9
Increased
19
Reduced
16
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
+$600K
2
Ameriprise
Ameriprise
Minnesota
+$488K
3
Cetera Investment Advisers
Cetera Investment Advisers
Illinois
+$463K
4
Invesco
Invesco
Georgia
+$463K
5
HWAM
Hennion & Walsh Asset Management
New Jersey
+$345K

Top Sellers

Rank Fund Capital Flow
1
AAM
Advisors Asset Management
Colorado
-$1.16M
2
Pathstone Holdings
Pathstone Holdings
New Jersey
-$699K
3
AF
Allworth Financial
California
-$345K
4
BBHC
Brown Brothers Harriman & Co
New York
-$332K
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$322K
Name Holding Trade Value Shares
Change 		Change in
Stake
CAL
76
Capital Analysts LLC
Pennsylvania
$7K +$83 +14 +1%
WAM
77
Wolverine Asset Management
Illinois
$6.04K +$5.93K +1,000 New
MWM
78
Mascoma Wealth Management
New Hampshire
$4.05K – – –
CA
79
CoreCap Advisors
Michigan
$604 – – –
GI
80
GAMMA Investing
California
$435 – – –
HNB
81
Huntington National Bank
Ohio
$6 – – –
Pathstone Holdings
82
Pathstone Holdings
New Jersey
– -$699K -116,957 Closed
BBHC
83
Brown Brothers Harriman & Co
New York
– -$332K -55,583 Closed
Susquehanna International Group
84
Susquehanna International Group
Pennsylvania
– -$322K -53,856 Closed
FAIM
85
Financial Advocates Investment Management
Washington
– -$122K -20,391 Closed
BRWA
86
B. Riley Wealth Advisors
Florida
– -$110K -18,473 Closed
Nomura Holdings
87
Nomura Holdings
Japan
– -$59.8K -10,000 Closed
US Bancorp
88
US Bancorp
Minnesota
– -$42.8K -7,149 Closed
AAS
89
Ameritas Advisory Services
Nebraska
– -$17.9K -3,000 Closed
CHC
90
City Holding Co
West Virginia
– -$12K -2,000 Closed
DEM
91
Disciplined Equity Management
Florida
– -$838 -140 Closed
JP Morgan Chase
92
JP Morgan Chase
New York
– -$329 -55 Closed
1 2 3
4

PMM Hedge Fund Activity: Q3 2025 in Review

80 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q3 2025, worth a combined $49.9M — down 1.2% from $50.5M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of PMM and 9 opened new positions — a net loss of 2 holders — while 16 trimmed existing stakes and 19 added.

The largest buyer was Wells Fargo, adding an estimated $600K. The largest seller was Advisors Asset Management, cutting an estimated $1.16M.

  • 80 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q3 2025, down from 84 in Q2 2025.
  • Funds reported $49.9M of Franklin Managed Municipal Income Trust stock for Q3 2025, down 1.2% quarter-over-quarter.
  • 9 funds opened new Franklin Managed Municipal Income Trust positions in Q3 2025 and 11 closed out, a net change of -2 holders.
  • The largest Franklin Managed Municipal Income Trust buyer in Q3 2025 was Wells Fargo, an estimated $600K added.
  • The largest Franklin Managed Municipal Income Trust seller in Q3 2025 was Advisors Asset Management, an estimated $1.16M sold.

Based on aggregated 13F filings for Q3 2025.