Franklin Managed Municipal Income Trust
PMM
62 hedge funds and large institutions have $40.7M invested in Franklin Managed Municipal Income Trust in 2015 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 21 increasing their positions, 13 reducing their positions, and 8 closing their positions.
62% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 13
0.45% more ownership
Funds ownership: 9.91% → 10.37% (+0.45%)
0% more capital invested
Capital invested by funds: $40.7M → $40.7M (+$21K)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
6% less funds holding
Funds holding: 66 → 62 (-4)
38% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$1.33M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$1.2M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$496K |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$344K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$294K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$916K |
| 2 |
MIM
Macroview Investment Management
Bethesda,
Maryland
|
-$593K |
| 3 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
-$307K |
| 4 |
TFMS
Trust & Fiduciary Management Services
Boston,
Massachusetts
|
-$298K |
| 5 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$197K |
PMM Hedge Fund Activity: Q2 2015 in Review
62 of the 3,711 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q2 2015, worth a combined $40.7M — up 0.05% from $40.7M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of PMM and 5 opened new positions — a net loss of 3 holders — while 13 trimmed existing stakes and 21 added.
The largest buyer was Bank of America, adding an estimated $1.33M. The largest seller was Morgan Stanley, cutting an estimated $916K.
- 62 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q2 2015, down from 66 in Q1 2015.
- Funds reported $40.7M of Franklin Managed Municipal Income Trust stock for Q2 2015, up 0.05% quarter-over-quarter.
- 5 funds opened new Franklin Managed Municipal Income Trust positions in Q2 2015 and 8 closed out, a net change of -3 holders.
- The largest Franklin Managed Municipal Income Trust buyer in Q2 2015 was Bank of America, an estimated $1.33M added.
- The largest Franklin Managed Municipal Income Trust seller in Q2 2015 was Morgan Stanley, an estimated $916K sold.
Based on aggregated 13F filings for Q2 2015.