Franklin Managed Municipal Income Trust
PMM
94 hedge funds and large institutions have $38.5M invested in Franklin Managed Municipal Income Trust in 2024 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 16 increasing their positions, 21 reducing their positions, and 15 closing their positions.
0.14% more ownership
Funds ownership: 13.73% → 13.87% (+0.14%)
4% less capital invested
Capital invested by funds: $40M → $38.5M (-$1.5M)
2% less funds holding
Funds holding: 96 → 94 (-2)
13% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 15
24% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 21
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$788K |
| 2 |
Morgan Stanley
New York
|
+$698K |
| 3 |
BA
Bridgewater Advisors
New York
|
+$467K |
| 4 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$330K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$301K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$1.41M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$333K |
| 3 |
ARC
Advisor Resource Council
Dallas,
Texas
|
-$300K |
| 4 |
VanEck Associates
New York
|
-$274K |
| 5 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
-$239K |
PMM Hedge Fund Activity: Q1 2024 in Review
94 of the 6,958 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q1 2024, worth a combined $38.5M — down 3.7% from $40M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of PMM and 13 opened new positions — a net loss of 2 holders — while 21 trimmed existing stakes and 16 added.
The largest buyer was Advisors Asset Management, adding an estimated $788K. The largest seller was Sit Investment Associates, cutting an estimated $1.41M.
- 94 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q1 2024, down from 96 in Q4 2023.
- Funds reported $38.5M of Franklin Managed Municipal Income Trust stock for Q1 2024, down 3.7% quarter-over-quarter.
- 13 funds opened new Franklin Managed Municipal Income Trust positions in Q1 2024 and 15 closed out, a net change of -2 holders.
- The largest Franklin Managed Municipal Income Trust buyer in Q1 2024 was Advisors Asset Management, an estimated $788K added.
- The largest Franklin Managed Municipal Income Trust seller in Q1 2024 was Sit Investment Associates, an estimated $1.41M sold.
Based on aggregated 13F filings for Q1 2024.