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PMM

Franklin Managed Municipal Income Trust

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.

New
Increased
Maintained
Reduced
Closed

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: 7681 (+5)

0.74% more ownership

Funds ownership: 11.42%12.15% (+0.74%)

Holders
81
Holders Change
+5
Holders Change %
+6.58%
% of All Funds
1.27%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
14
Increased
21
Reduced
18
Closed
8
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$4.54M +$649K +108,930 +17%
RJA
2
Raymond James & Associates
Florida
$3.7M -$192K -32,265 -5%
Ameriprise
3
Ameriprise
Minnesota
$3.06M +$107K +17,980 +4%
KMWM
4
Keudell/Morrison Wealth Management
Oregon
$1.95M -$85.9K -14,400 -4%
KIG
5
Kennedy Investment Group
New Jersey
$1.94M -$39.1K -6,555 -2%
AAM
6
Advisors Asset Management
Colorado
$1.64M -$1.49K -249 -0.1%
VanEck Associates
7
VanEck Associates
New York
$1.54M +$464K +77,748 +44%
RJFSA
8
Raymond James Financial Services Advisors
Florida
$1.43M -$18.7K -3,136 -1%
Wells Fargo
9
Wells Fargo
California
$1.29M -$316K -52,916 -20%
UBS Group
10
UBS Group
Switzerland
$1.18M +$937K +157,221 +435%
Invesco
11
Invesco
Georgia
$1.01M -$46.2K -7,751 -4%
LPL Financial
12
LPL Financial
California
$990K -$51.1K -8,563 -5%
DLG
13
Daniel L. Goodwin
$767K +$23.8K +4,000 +3%
Osaic Holdings
14
Osaic Holdings
Arizona
$732K +$24.8K +4,157 +4%
CAN
15
Cetera Advisor Networks
California
$650K
AAS
16
Avantax Advisory Services
Texas
$632K -$217K -36,476 -26%
CIA
17
Capital Investment Advisors
Georgia
$624K -$3.97K -666 -0.6%
MWM
18
Melfa Wealth Management
Massachusetts
$595K +$1.05K +177 +0.2%
Rockefeller Capital Management
19
Rockefeller Capital Management
New York
$589K +$30.2K +5,065 +6%
JPLA
20
Joseph P. Lucia & Associates
New York
$381K -$22.7K -3,803 -6%
SBIA
21
Sheaff Brock Investment Advisors
Indiana
$377K +$47.7K +8,000 +15%
TFCP
22
Twin Focus Capital Partners
Massachusetts
$377K
GCP
23
Gill Capital Partners
Colorado
$374K
Commonwealth Equity Services
24
Commonwealth Equity Services
Massachusetts
$340K +$8.19K +1,373 +3%
Bank of America
25
Bank of America
North Carolina
$336K +$16.2K +2,719 +5%

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.