Franklin Managed Municipal Income Trust
PMM
69 hedge funds and large institutions have $43.2M invested in Franklin Managed Municipal Income Trust in 2014 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 24 increasing their positions, 8 reducing their positions, and 7 closing their positions.
200% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 8
43% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 7
23% more capital invested
Capital invested by funds: $35.1M → $43.2M (+$8.17M)
3% more funds holding
Funds holding: 67 → 69 (+2)
0.94% more ownership
Funds ownership: 8.68% → 9.62% (+0.94%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NCM
Newgate Capital Management
Greenwich,
Connecticut
|
+$1.03M |
| 2 |
MIG
Mariner Investment Group
Harrison,
New York
|
+$894K |
| 3 |
Morgan Stanley
New York
|
+$573K |
| 4 |
SG Americas Securities
New York
|
+$366K |
| 5 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
+$323K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$579K |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$206K |
| 3 |
DA
Doliver Advisors
Houston,
Texas
|
-$179K |
| 4 |
Invesco
Atlanta,
Georgia
|
-$174K |
| 5 |
SCA
Strategic Capital Alternatives
Gig Harbor,
United States
|
-$135K |
PMM Hedge Fund Activity: Q4 2014 in Review
69 of the 3,765 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q4 2014, worth a combined $43.2M — up 23% from $35.1M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new PMM positions and 7 closed out — a net gain of 3 holders — while 24 added to existing stakes and 8 trimmed.
The largest buyer was Newgate Capital Management, adding an estimated $1.03M. The largest seller was Wolverine Asset Management, cutting an estimated $579K.
- 69 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q4 2014, up from 67 in Q3 2014.
- Funds reported $43.2M of Franklin Managed Municipal Income Trust stock for Q4 2014, up 23% quarter-over-quarter.
- 10 funds opened new Franklin Managed Municipal Income Trust positions in Q4 2014 and 7 closed out, a net change of +3 holders.
- The largest Franklin Managed Municipal Income Trust buyer in Q4 2014 was Newgate Capital Management, an estimated $1.03M added.
- The largest Franklin Managed Municipal Income Trust seller in Q4 2014 was Wolverine Asset Management, an estimated $579K sold.
Based on aggregated 13F filings for Q4 2014.