Franklin Managed Municipal Income Trust
PMM
76 hedge funds and large institutions have $34.1M invested in Franklin Managed Municipal Income Trust in 2023 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 21 increasing their positions, 16 reducing their positions, and 14 closing their positions.
31% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 16
0.46% less ownership
Funds ownership: 11.88% → 11.42% (-0.46%)
7% less capital invested
Capital invested by funds: $36.6M → $34.1M (-$2.51M)
13% less funds holding
Funds holding: 87 → 76 (-11)
57% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$719K |
| 2 |
Rockefeller Capital Management
New York
|
+$564K |
| 3 |
Invesco
Atlanta,
Georgia
|
+$307K |
| 4 |
DLG
Daniel L. Goodwin
|
+$175K |
| 5 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
+$164K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$604K |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$524K |
| 3 |
PFT
Providence First Trust
Scottsdale,
Arizona
|
-$499K |
| 4 |
KIG
Kennedy Investment Group
West Depford,
New Jersey
|
-$356K |
| 5 |
Cohen & Steers
New York
|
-$294K |
PMM Hedge Fund Activity: Q1 2023 in Review
76 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q1 2023, worth a combined $34.1M — down 6.8% from $36.6M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of PMM and 6 opened new positions — a net loss of 8 holders — while 16 trimmed existing stakes and 21 added.
The largest buyer was Advisors Asset Management, adding an estimated $719K. The largest seller was Wells Fargo, cutting an estimated $604K.
- 76 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q1 2023, down from 87 in Q4 2022.
- Funds reported $34.1M of Franklin Managed Municipal Income Trust stock for Q1 2023, down 6.8% quarter-over-quarter.
- 6 funds opened new Franklin Managed Municipal Income Trust positions in Q1 2023 and 14 closed out, a net change of -8 holders.
- The largest Franklin Managed Municipal Income Trust buyer in Q1 2023 was Advisors Asset Management, an estimated $719K added.
- The largest Franklin Managed Municipal Income Trust seller in Q1 2023 was Wells Fargo, an estimated $604K sold.
Based on aggregated 13F filings for Q1 2023.