Franklin Managed Municipal Income Trust
PMM
84 hedge funds and large institutions have $50.5M invested in Franklin Managed Municipal Income Trust in 2025 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 24 increasing their positions, 17 reducing their positions, and 8 closing their positions.
75% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 8
41% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 17
5% more funds holding
Funds holding: 80 → 84 (+4)
3% less capital invested
Capital invested by funds: $52.1M → $50.5M (-$1.54M)
1.29% less ownership
Funds ownership: 19.48% → 18.2% (-1.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
+$1.47M |
| 2 |
AF
Allworth Financial
Folsom,
California
|
+$611K |
| 3 |
Invesco
Atlanta,
Georgia
|
+$549K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$544K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$414K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Pathstone Holdings
Englewood,
New Jersey
|
-$1.59M |
| 2 |
RIL
Rothschild Investment LLC
Chicago,
Illinois
|
-$1.27M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$917K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$465K |
| 5 |
ARC
Advisor Resource Council
Dallas,
Texas
|
-$406K |
PMM Hedge Fund Activity: Q2 2025 in Review
84 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q2 2025, worth a combined $50.5M — down 3% from $52.1M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new PMM positions and 8 closed out — a net gain of 6 holders — while 24 added to existing stakes and 17 trimmed.
The largest buyer was Hennion & Walsh Asset Management, adding an estimated $1.47M. The largest seller was Pathstone Holdings, cutting an estimated $1.59M.
- 84 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q2 2025, up from 80 in Q1 2025.
- Funds reported $50.5M of Franklin Managed Municipal Income Trust stock for Q2 2025, down 3% quarter-over-quarter.
- 14 funds opened new Franklin Managed Municipal Income Trust positions in Q2 2025 and 8 closed out, a net change of +6 holders.
- The largest Franklin Managed Municipal Income Trust buyer in Q2 2025 was Hennion & Walsh Asset Management, an estimated $1.47M added.
- The largest Franklin Managed Municipal Income Trust seller in Q2 2025 was Pathstone Holdings, an estimated $1.59M sold.
Based on aggregated 13F filings for Q2 2025.