Franklin Managed Municipal Income Trust
PMM
67 hedge funds and large institutions have $35.1M invested in Franklin Managed Municipal Income Trust in 2014 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 19 increasing their positions, 13 reducing their positions, and 4 closing their positions.
200% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 4
46% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 13
12% more capital invested
Capital invested by funds: $31.3M → $35.1M (+$3.75M)
10% more funds holding
Funds holding: 61 → 67 (+6)
0.94% more ownership
Funds ownership: 7.75% → 8.68% (+0.94%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DLG
Daniel L. Goodwin
|
+$851K |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$818K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$589K |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$547K |
| 5 |
Morgan Stanley
New York
|
+$521K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
-$367K |
| 2 |
GEM
Global Endowment Management
Charlotte,
North Carolina
|
-$337K |
| 3 |
NL
NWAM LLC
Mercer Island,
Washington
|
-$202K |
| 4 |
Invesco
Atlanta,
Georgia
|
-$105K |
| 5 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$105K |
PMM Hedge Fund Activity: Q3 2014 in Review
67 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q3 2014, worth a combined $35.1M — up 12% from $31.3M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new PMM positions and 4 closed out — a net gain of 8 holders — while 19 added to existing stakes and 13 trimmed.
The largest buyer was Daniel L. Goodwin, opening a new position worth an estimated $851K. The largest seller was B. Riley Wealth Advisors, cutting an estimated $367K.
- 67 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q3 2014, up from 61 in Q2 2014.
- Funds reported $35.1M of Franklin Managed Municipal Income Trust stock for Q3 2014, up 12% quarter-over-quarter.
- 12 funds opened new Franklin Managed Municipal Income Trust positions in Q3 2014 and 4 closed out, a net change of +8 holders.
- The largest Franklin Managed Municipal Income Trust buyer in Q3 2014 was Daniel L. Goodwin, an estimated $851K added.
- The largest Franklin Managed Municipal Income Trust seller in Q3 2014 was B. Riley Wealth Advisors, an estimated $367K sold.
Based on aggregated 13F filings for Q3 2014.