Franklin Managed Municipal Income Trust
PMM
61 hedge funds and large institutions have $31.3M invested in Franklin Managed Municipal Income Trust in 2014 Q2 according to their latest regulatory filings, with 11 funds opening new positions, 16 increasing their positions, 13 reducing their positions, and 5 closing their positions.
120% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 5
91% more capital inflows, than outflows
Capital inflows: $5.07M | Capital outflows: $2.66M
23% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 13
11% more funds holding
Funds holding: 55 → 61 (+6)
0.58% more ownership
Funds ownership: 7.16% → 7.75% (+0.58%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Parametric Portfolio Associates
Seattle,
Washington
|
+$1.93M |
| 2 |
Morgan Stanley
New York
|
+$839K |
| 3 |
Advisors Asset Management
Monument,
Colorado
|
+$802K |
| 4 |
B. Riley Wealth Advisors
Boca Raton,
Florida
|
+$371K |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
+$160K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$1.13M |
| 2 |
DLG
Daniel L. Goodwin
|
-$843K |
| 3 |
Wells Fargo
San Francisco,
California
|
-$145K |
| 4 |
Horizon Kinetics
New York
|
-$122K |
| 5 |
Credit Suisse
Zurich,
Switzerland
|
-$84K |
PMM Hedge Fund Activity: Q2 2014 in Review
61 of the 3,491 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q2 2014, worth a combined $31.3M — up 10% from $28.4M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new PMM positions and 5 closed out — a net gain of 6 holders — while 16 added to existing stakes and 13 trimmed.
The largest buyer was Parametric Portfolio Associates, adding an estimated $1.93M. The largest seller was Invesco, cutting an estimated $1.13M.
- 61 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q2 2014, up from 55 in Q1 2014.
- Funds reported $31.3M of Franklin Managed Municipal Income Trust stock for Q2 2014, up 10% quarter-over-quarter.
- 11 funds opened new Franklin Managed Municipal Income Trust positions in Q2 2014 and 5 closed out, a net change of +6 holders.
- The largest Franklin Managed Municipal Income Trust buyer in Q2 2014 was Parametric Portfolio Associates, an estimated $1.93M added.
- The largest Franklin Managed Municipal Income Trust seller in Q2 2014 was Invesco, an estimated $1.13M sold.
Based on aggregated 13F filings for Q2 2014.