Franklin Managed Municipal Income Trust
PMM
67 hedge funds and large institutions have $46.9M invested in Franklin Managed Municipal Income Trust in 2015 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 26 increasing their positions, 7 reducing their positions, and 5 closing their positions.
271% more repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 7
80% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 5
13% more capital invested
Capital invested by funds: $41.5M → $46.9M (+$5.39M)
6% more funds holding
Funds holding: 63 → 67 (+4)
1.02% more ownership
Funds ownership: 10.44% → 11.46% (+1%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
+$1.3M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$1.22M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$713K |
| 4 |
LPL Financial
San Diego,
California
|
+$693K |
| 5 |
Morgan Stanley
New York
|
+$325K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$4.02M |
| 2 |
LSA
Liberty Street Advisors
New York
|
-$2M |
| 3 |
MIM
Macroview Investment Management
Bethesda,
Maryland
|
-$552K |
| 4 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$397K |
| 5 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$371K |
PMM Hedge Fund Activity: Q4 2015 in Review
67 of the 3,824 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q4 2015, worth a combined $46.9M — up 13% from $41.5M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new PMM positions and 5 closed out — a net gain of 4 holders — while 26 added to existing stakes and 7 trimmed.
The largest buyer was Laurion Capital Management, opening a new position worth an estimated $1.3M. The largest seller was Bank of America, cutting an estimated $4.02M.
- 67 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q4 2015, up from 63 in Q3 2015.
- Funds reported $46.9M of Franklin Managed Municipal Income Trust stock for Q4 2015, up 13% quarter-over-quarter.
- 9 funds opened new Franklin Managed Municipal Income Trust positions in Q4 2015 and 5 closed out, a net change of +4 holders.
- The largest Franklin Managed Municipal Income Trust buyer in Q4 2015 was Laurion Capital Management, an estimated $1.3M added.
- The largest Franklin Managed Municipal Income Trust seller in Q4 2015 was Bank of America, an estimated $4.02M sold.
Based on aggregated 13F filings for Q4 2015.