Franklin Managed Municipal Income Trust
PMM
89 hedge funds and large institutions have $59.4M invested in Franklin Managed Municipal Income Trust in 2025 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 15 increasing their positions, 23 reducing their positions, and 9 closing their positions.
100% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 9
19% more capital invested
Capital invested by funds: $49.9M → $59.4M (+$9.46M)
11% more funds holding
Funds holding: 80 → 89 (+9)
2.59% more ownership
Funds ownership: 17.8% → 20.39% (+2.6%)
35% less repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 23
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
+$2.72M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.68M |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$1.41M |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.23M |
| 5 |
P
&Partners
Nashville,
Tennessee
|
+$733K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$1.73M |
| 2 |
KIG
Kennedy Investment Group
West Depford,
New Jersey
|
-$989K |
| 3 |
XF
XML Financial
Bethesda,
Maryland
|
-$267K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$220K |
| 5 |
USCWA
U.S. Capital Wealth Advisors
Austin,
Texas
|
-$195K |
PMM Hedge Fund Activity: Q4 2025 in Review
89 of the 8,266 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q4 2025, worth a combined $59.4M — up 19% from $49.9M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new PMM positions and 9 closed out — a net gain of 9 holders — while 15 added to existing stakes and 23 trimmed.
The largest buyer was Hennion & Walsh Asset Management, adding an estimated $2.72M. The largest seller was Sit Investment Associates, cutting an estimated $1.73M.
- 89 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q4 2025, up from 80 in Q3 2025.
- Funds reported $59.4M of Franklin Managed Municipal Income Trust stock for Q4 2025, up 19% quarter-over-quarter.
- 18 funds opened new Franklin Managed Municipal Income Trust positions in Q4 2025 and 9 closed out, a net change of +9 holders.
- The largest Franklin Managed Municipal Income Trust buyer in Q4 2025 was Hennion & Walsh Asset Management, an estimated $2.72M added.
- The largest Franklin Managed Municipal Income Trust seller in Q4 2025 was Sit Investment Associates, an estimated $1.73M sold.
Based on aggregated 13F filings for Q4 2025.