Franklin Managed Municipal Income Trust
PMM
83 hedge funds and large institutions have $40.7M invested in Franklin Managed Municipal Income Trust in 2024 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 20 increasing their positions, 23 reducing their positions, and 14 closing their positions.
6% more capital invested
Capital invested by funds: $38.5M → $40.7M (+$2.22M)
0.29% more ownership
Funds ownership: 13.87% → 14.16% (+0.29%)
12% less funds holding
Funds holding: 94 → 83 (-11)
13% less repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 23
64% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.19M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$955K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$449K |
| 4 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$311K |
| 5 |
VanEck Associates
New York
|
+$256K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Osaic Holdings
Scottsdale,
Arizona
|
-$413K |
| 2 |
HF
HRT Financial
New York
|
-$215K |
| 3 |
Invesco
Atlanta,
Georgia
|
-$207K |
| 4 |
Franklin Resources
San Mateo,
California
|
-$169K |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
-$156K |
PMM Hedge Fund Activity: Q2 2024 in Review
83 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q2 2024, worth a combined $40.7M — up 5.8% from $38.5M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of PMM and 5 opened new positions — a net loss of 9 holders — while 23 trimmed existing stakes and 20 added.
The largest buyer was Guggenheim Capital, adding an estimated $1.19M. The largest seller was Osaic Holdings, cutting an estimated $413K.
- 83 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q2 2024, down from 94 in Q1 2024.
- Funds reported $40.7M of Franklin Managed Municipal Income Trust stock for Q2 2024, up 5.8% quarter-over-quarter.
- 5 funds opened new Franklin Managed Municipal Income Trust positions in Q2 2024 and 14 closed out, a net change of -9 holders.
- The largest Franklin Managed Municipal Income Trust buyer in Q2 2024 was Guggenheim Capital, an estimated $1.19M added.
- The largest Franklin Managed Municipal Income Trust seller in Q2 2024 was Osaic Holdings, an estimated $413K sold.
Based on aggregated 13F filings for Q2 2024.