Franklin Managed Municipal Income Trust
PMM
87 hedge funds and large institutions have $36.6M invested in Franklin Managed Municipal Income Trust in 2022 Q4 according to their latest regulatory filings, with 24 funds opening new positions, 15 increasing their positions, 21 reducing their positions, and 8 closing their positions.
200% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 8
21% more capital invested
Capital invested by funds: $30.3M → $36.6M (+$6.27M)
19% more funds holding
Funds holding: 73 → 87 (+14)
0.95% more ownership
Funds ownership: 10.93% → 11.88% (+0.95%)
29% less repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 21
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$991K |
| 2 |
Morgan Stanley
New York
|
+$729K |
| 3 |
KMWM
Keudell/Morrison Wealth Management
Salem,
Oregon
|
+$557K |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
+$436K |
| 5 |
Invesco
Atlanta,
Georgia
|
+$323K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$1.95M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$448K |
| 3 |
Wells Fargo
San Francisco,
California
|
-$382K |
| 4 |
AAS
Avantax Advisory Services
Dallas,
Texas
|
-$227K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$147K |
PMM Hedge Fund Activity: Q4 2022 in Review
87 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q4 2022, worth a combined $36.6M — up 21% from $30.3M a quarter earlier.
Buyers outnumbered sellers: 24 funds opened new PMM positions and 8 closed out — a net gain of 16 holders — while 15 added to existing stakes and 21 trimmed.
The largest buyer was Advisors Asset Management, opening a new position worth an estimated $991K. The largest seller was Raymond James Financial Services Advisors, cutting an estimated $1.95M.
- 87 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q4 2022, up from 73 in Q3 2022.
- Funds reported $36.6M of Franklin Managed Municipal Income Trust stock for Q4 2022, up 21% quarter-over-quarter.
- 24 funds opened new Franklin Managed Municipal Income Trust positions in Q4 2022 and 8 closed out, a net change of +16 holders.
- The largest Franklin Managed Municipal Income Trust buyer in Q4 2022 was Advisors Asset Management, an estimated $991K added.
- The largest Franklin Managed Municipal Income Trust seller in Q4 2022 was Raymond James Financial Services Advisors, an estimated $1.95M sold.
Based on aggregated 13F filings for Q4 2022.