Franklin Managed Municipal Income Trust
PMM
58 hedge funds and large institutions have $42M invested in Franklin Managed Municipal Income Trust in 2016 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 20 increasing their positions, 14 reducing their positions, and 7 closing their positions.
43% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 14
7% more capital invested
Capital invested by funds: $39.4M → $42M (+$2.62M)
0.67% more ownership
Funds ownership: 8.82% → 9.49% (+0.67%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
5% less funds holding
Funds holding: 61 → 58 (-3)
43% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.49M |
| 2 |
Cohen & Steers
New York
|
+$843K |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$574K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$306K |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$279K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$928K |
| 2 |
Morgan Stanley
New York
|
-$363K |
| 3 |
OFG
OTA Financial Group
Purchase,
New York
|
-$308K |
| 4 |
MIM
Macroview Investment Management
Bethesda,
Maryland
|
-$199K |
| 5 |
EAM
Evanson Asset Management
Carmel,
California
|
-$142K |
PMM Hedge Fund Activity: Q3 2016 in Review
58 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q3 2016, worth a combined $42M — up 6.7% from $39.4M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of PMM and 4 opened new positions — a net loss of 3 holders — while 14 trimmed existing stakes and 20 added.
The largest buyer was Advisors Asset Management, adding an estimated $1.49M. The largest seller was Wells Fargo, cutting an estimated $928K.
- 58 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q3 2016, down from 61 in Q2 2016.
- Funds reported $42M of Franklin Managed Municipal Income Trust stock for Q3 2016, up 6.7% quarter-over-quarter.
- 4 funds opened new Franklin Managed Municipal Income Trust positions in Q3 2016 and 7 closed out, a net change of -3 holders.
- The largest Franklin Managed Municipal Income Trust buyer in Q3 2016 was Advisors Asset Management, an estimated $1.49M added.
- The largest Franklin Managed Municipal Income Trust seller in Q3 2016 was Wells Fargo, an estimated $928K sold.
Based on aggregated 13F filings for Q3 2016.