Franklin Managed Municipal Income Trust
PMM
94 hedge funds and large institutions have $38.5M invested in Franklin Managed Municipal Income Trust in 2024 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 15 increasing their positions, 22 reducing their positions, and 15 closing their positions.
0.84% less ownership
Funds ownership: 14.71% → 13.87% (-0.84%)
2% less funds holding
Funds holding: 96 → 94 (-2)
10% less capital invested
Capital invested by funds: $42.9M → $38.5M (-$4.36M)
13% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 15
32% less repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 22
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$788K |
| 2 |
BA
Bridgewater Advisors
New York
|
+$467K |
| 3 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$330K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$301K |
| 5 |
WCM
WealthBridge Capital Management
Westerville,
Ohio
|
+$256K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$2.19M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$1.41M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$333K |
| 4 |
ARC
Advisor Resource Council
Dallas,
Texas
|
-$300K |
| 5 |
VanEck Associates
New York
|
-$274K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
DWM
101
Dakota Wealth Management
Palm Beach Gardens,
Florida
| – | -$96.9K | -15,933 | Closed |
|
|
PI
102
Parkside Investments
Deerfield,
Illinois
| – | -$91.2K | -15,000 | Closed |
|
103
Jane Street
New York
| – | -$86.2K | -14,185 | Closed |
|
|
SWIM
104
Smallwood Wealth Investment Management
Red Bank,
New Jersey
| – | -$71.8K | -11,806 | Closed |
|
|
IFG
105
Independent Financial Group
San Diego,
California
| – | -$65.1K | -10,700 | Closed |
|
|
AA
106
AlphaCentric Advisors
San Juan,
Puerto Rico
| – | -$49.4K | -8,125 | Closed |
|
|
TC
107
Truvestments Capital
Sarasota,
Florida
| – | -$24.3K | -4,000 | Closed |
|
|
NFA
108
Northwest Financial Advisors
Herndon,
Virginia
| – | -$7.58K | -1,247 | Closed |
|
109
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| – | -$3K | -489 | Closed |
|
|
PFA
110
Pathway Financial Advisers
Auburn,
Indiana
| – | -$2.63K | -429 | Closed |
|
PMM Hedge Fund Activity: Q1 2024 in Review
94 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q1 2024, worth a combined $38.5M — down 10% from $42.9M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of PMM and 13 opened new positions — a net loss of 2 holders — while 22 trimmed existing stakes and 15 added.
The largest buyer was Advisors Asset Management, adding an estimated $788K. The largest seller was Morgan Stanley, cutting an estimated $2.19M.
- 94 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q1 2024, down from 96 in Q4 2023.
- Funds reported $38.5M of Franklin Managed Municipal Income Trust stock for Q1 2024, down 10% quarter-over-quarter.
- 13 funds opened new Franklin Managed Municipal Income Trust positions in Q1 2024 and 15 closed out, a net change of -2 holders.
- The largest Franklin Managed Municipal Income Trust buyer in Q1 2024 was Advisors Asset Management, an estimated $788K added.
- The largest Franklin Managed Municipal Income Trust seller in Q1 2024 was Morgan Stanley, an estimated $2.19M sold.
Based on aggregated 13F filings for Q1 2024.