Franklin Managed Municipal Income Trust
PMM
66 hedge funds and large institutions have $49.1M invested in Franklin Managed Municipal Income Trust in 2016 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 20 increasing their positions, 15 reducing their positions, and 5 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
33% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 15
20% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 5
5% more capital invested
Capital invested by funds: $46.9M → $49.1M (+$2.25M)
0.1% more ownership
Funds ownership: 11.46% → 11.55% (+0.1%)
1% less funds holding
Funds holding: 67 → 66 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
+$1.73M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$1.55M |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$813K |
| 4 |
VanEck Associates
New York
|
+$338K |
| 5 |
HighTower Advisors
Chicago,
Illinois
|
+$326K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SBIA
Sheaff Brock Investment Advisors
Indianapolis,
Indiana
|
-$2.3M |
| 2 |
Morgan Stanley
New York
|
-$704K |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$505K |
| 4 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$343K |
| 5 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$339K |
PMM Hedge Fund Activity: Q1 2016 in Review
66 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q1 2016, worth a combined $49.1M — up 4.8% from $46.9M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new PMM positions and 5 closed out — a net gain of 1 holder — while 20 added to existing stakes and 15 trimmed.
The largest buyer was Laurion Capital Management, adding an estimated $1.73M. The largest seller was Sheaff Brock Investment Advisors, cutting an estimated $2.3M.
- 66 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q1 2016, down from 67 in Q4 2015.
- Funds reported $49.1M of Franklin Managed Municipal Income Trust stock for Q1 2016, up 4.8% quarter-over-quarter.
- 6 funds opened new Franklin Managed Municipal Income Trust positions in Q1 2016 and 5 closed out, a net change of +1 holder.
- The largest Franklin Managed Municipal Income Trust buyer in Q1 2016 was Laurion Capital Management, an estimated $1.73M added.
- The largest Franklin Managed Municipal Income Trust seller in Q1 2016 was Sheaff Brock Investment Advisors, an estimated $2.3M sold.
Based on aggregated 13F filings for Q1 2016.