Franklin Managed Municipal Income Trust
PMM
78 hedge funds and large institutions have $47.5M invested in Franklin Managed Municipal Income Trust in 2018 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 19 increasing their positions, 19 reducing their positions, and 8 closing their positions.
25% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 8
3% more funds holding
Funds holding: 76 → 78 (+2)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 19
0.09% less ownership
Funds ownership: 12.89% → 12.8% (-0.09%)
7% less capital inflows, than outflows
Capital inflows: $4.8M | Capital outflows: $5.14M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
+$1.34M |
| 2 |
City of London Investment Management
London,
United Kingdom
|
+$692K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$276K |
| 4 |
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$274K |
| 5 |
Advisor Group
Phoenix,
Arizona
|
+$208K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
-$852K |
| 2 |
Advisors Asset Management
Monument,
Colorado
|
-$712K |
| 3 |
Karpus Investment Management
Pittsford,
New York
|
-$579K |
| 4 |
Invesco
Atlanta,
Georgia
|
-$551K |
| 5 |
6 Meridian
Wichita,
Kansas
|
-$503K |
PMM Hedge Fund Activity: Q3 2018 in Review
78 of the 4,392 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q3 2018, worth a combined $47.5M — down 3% from $49M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new PMM positions and 8 closed out — a net gain of 2 holders — while 19 added to existing stakes and 19 trimmed.
The largest buyer was Envestnet Asset Management, opening a new position worth an estimated $1.34M. The largest seller was Ameriprise, cutting an estimated $852K.
- 78 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q3 2018, up from 76 in Q2 2018.
- Funds reported $47.5M of Franklin Managed Municipal Income Trust stock for Q3 2018, down 3% quarter-over-quarter.
- 10 funds opened new Franklin Managed Municipal Income Trust positions in Q3 2018 and 8 closed out, a net change of +2 holders.
- The largest Franklin Managed Municipal Income Trust buyer in Q3 2018 was Envestnet Asset Management, an estimated $1.34M added.
- The largest Franklin Managed Municipal Income Trust seller in Q3 2018 was Ameriprise, an estimated $852K sold.
Based on aggregated 13F filings for Q3 2018.