Franklin Managed Municipal Income Trust
PMM
96 hedge funds and large institutions have $40M invested in Franklin Managed Municipal Income Trust in 2023 Q4 according to their latest regulatory filings, with 24 funds opening new positions, 16 increasing their positions, 28 reducing their positions, and 9 closing their positions.
167% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 9
53% more capital inflows, than outflows
Capital inflows: $9.16M | Capital outflows: $6M
16% more funds holding
Funds holding: 83 → 96 (+13)
0.87% more ownership
Funds ownership: 12.86% → 13.73% (+0.87%)
43% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 28
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$2.08M |
| 2 |
Rothschild Investment LLC
Chicago,
Illinois
|
+$1.42M |
| 3 |
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.35M |
| 4 |
Advisors Asset Management
Monument,
Colorado
|
+$769K |
| 5 |
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$669K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$1.86M |
| 2 |
KMWM
Keudell/Morrison Wealth Management
Salem,
Oregon
|
-$749K |
| 3 |
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$457K |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
-$456K |
| 5 |
Wolverine Asset Management
Chicago,
Illinois
|
-$409K |
PMM Hedge Fund Activity: Q4 2023 in Review
96 of the 6,877 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q4 2023, worth a combined $40M — up 19% from $33.6M a quarter earlier.
Buyers outnumbered sellers: 24 funds opened new PMM positions and 9 closed out — a net gain of 15 holders — while 16 added to existing stakes and 28 trimmed.
The largest buyer was Wells Fargo, adding an estimated $2.08M. The largest seller was Morgan Stanley, cutting an estimated $1.86M.
- 96 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q4 2023, up from 83 in Q3 2023.
- Funds reported $40M of Franklin Managed Municipal Income Trust stock for Q4 2023, up 19% quarter-over-quarter.
- 24 funds opened new Franklin Managed Municipal Income Trust positions in Q4 2023 and 9 closed out, a net change of +15 holders.
- The largest Franklin Managed Municipal Income Trust buyer in Q4 2023 was Wells Fargo, an estimated $2.08M added.
- The largest Franklin Managed Municipal Income Trust seller in Q4 2023 was Morgan Stanley, an estimated $1.86M sold.
Based on aggregated 13F filings for Q4 2023.