Franklin Managed Municipal Income Trust
PMM
64 hedge funds and large institutions have $33.2M invested in Franklin Managed Municipal Income Trust in 2020 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 14 increasing their positions, 19 reducing their positions, and 15 closing their positions.
1.04% less ownership
Funds ownership: 10.23% → 9.19% (-1%)
8% less capital invested
Capital invested by funds: $36.2M → $33.2M (-$3.03M)
12% less funds holding
Funds holding: 73 → 64 (-9)
26% less repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 19
60% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$767K |
| 2 |
JPLA
Joseph P. Lucia & Associates
Yorktown Heights,
New York
|
+$287K |
| 3 |
RIG
Ramiah Investment Group
Brookfield,
Wisconsin
|
+$251K |
| 4 |
Morgan Stanley
New York
|
+$222K |
| 5 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$215K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$990K |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
-$936K |
| 3 |
GI
Glovista Investments
Jersey City,
New Jersey
|
-$522K |
| 4 |
Invesco
Atlanta,
Georgia
|
-$458K |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
-$401K |
PMM Hedge Fund Activity: Q2 2020 in Review
64 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q2 2020, worth a combined $33.2M — down 8.4% from $36.2M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of PMM and 6 opened new positions — a net loss of 9 holders — while 19 trimmed existing stakes and 14 added.
The largest buyer was UBS Group, adding an estimated $767K. The largest seller was Karpus Investment Management, exiting entirely with an estimated $990K sold.
- 64 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q2 2020, down from 73 in Q1 2020.
- Funds reported $33.2M of Franklin Managed Municipal Income Trust stock for Q2 2020, down 8.4% quarter-over-quarter.
- 6 funds opened new Franklin Managed Municipal Income Trust positions in Q2 2020 and 15 closed out, a net change of -9 holders.
- The largest Franklin Managed Municipal Income Trust buyer in Q2 2020 was UBS Group, an estimated $767K added.
- The largest Franklin Managed Municipal Income Trust seller in Q2 2020 was Karpus Investment Management, an estimated $990K sold.
Based on aggregated 13F filings for Q2 2020.