Franklin Managed Municipal Income Trust
PMM
81 hedge funds and large institutions have $36.4M invested in Franklin Managed Municipal Income Trust in 2023 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 21 increasing their positions, 18 reducing their positions, and 8 closing their positions.
75% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 8
17% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 18
7% more capital invested
Capital invested by funds: $34.1M → $36.4M (+$2.31M)
7% more funds holding
Funds holding: 76 → 81 (+5)
0.74% more ownership
Funds ownership: 11.42% → 12.15% (+0.74%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$937K |
| 2 |
Morgan Stanley
New York
|
+$649K |
| 3 |
VanEck Associates
New York
|
+$464K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$300K |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$226K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$316K |
| 2 |
IFG
Independent Financial Group
San Diego,
California
|
-$249K |
| 3 |
AAS
Avantax Advisory Services
Dallas,
Texas
|
-$217K |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$192K |
| 5 |
GSC
Grey Street Capital
Chicago,
Illinois
|
-$122K |
PMM Hedge Fund Activity: Q2 2023 in Review
81 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q2 2023, worth a combined $36.4M — up 6.8% from $34.1M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new PMM positions and 8 closed out — a net gain of 6 holders — while 21 added to existing stakes and 18 trimmed.
The largest buyer was UBS Group, adding an estimated $937K. The largest seller was Wells Fargo, cutting an estimated $316K.
- 81 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q2 2023, up from 76 in Q1 2023.
- Funds reported $36.4M of Franklin Managed Municipal Income Trust stock for Q2 2023, up 6.8% quarter-over-quarter.
- 14 funds opened new Franklin Managed Municipal Income Trust positions in Q2 2023 and 8 closed out, a net change of +6 holders.
- The largest Franklin Managed Municipal Income Trust buyer in Q2 2023 was UBS Group, an estimated $937K added.
- The largest Franklin Managed Municipal Income Trust seller in Q2 2023 was Wells Fargo, an estimated $316K sold.
Based on aggregated 13F filings for Q2 2023.