Franklin Managed Municipal Income Trust
PMM
90 hedge funds and large institutions have $59.6M invested in Franklin Managed Municipal Income Trust in 2026 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 24 increasing their positions, 18 reducing their positions, and 8 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 18
13% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 8
1% more funds holding
Funds holding: 89 → 90 (+1)
0.47% more ownership
Funds ownership: 20.39% → 20.86% (+0.47%)
0% more capital invested
Capital invested by funds: $59.4M → $59.6M (+$223K)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Raymond James Financial
St Petersburg,
Florida
|
+$2.51M |
| 2 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
+$1.28M |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$531K |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
+$299K |
| 5 |
VanEck Associates
New York
|
+$267K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$1.39M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.05M |
| 3 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
-$418K |
| 4 |
Morgan Stanley
New York
|
-$406K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$302K |
PMM Hedge Fund Activity: Q1 2026 in Review
90 of the 8,187 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q1 2026, worth a combined $59.6M — up 0.38% from $59.4M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new PMM positions and 8 closed out — a net gain of 1 holder — while 24 added to existing stakes and 18 trimmed.
The largest buyer was Raymond James Financial, adding an estimated $2.51M. The largest seller was Sit Investment Associates, exiting entirely with an estimated $1.39M sold.
- 90 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q1 2026, up from 89 in Q4 2025.
- Funds reported $59.6M of Franklin Managed Municipal Income Trust stock for Q1 2026, up 0.38% quarter-over-quarter.
- 9 funds opened new Franklin Managed Municipal Income Trust positions in Q1 2026 and 8 closed out, a net change of +1 holder.
- The largest Franklin Managed Municipal Income Trust buyer in Q1 2026 was Raymond James Financial, an estimated $2.51M added.
- The largest Franklin Managed Municipal Income Trust seller in Q1 2026 was Sit Investment Associates, an estimated $1.39M sold.
Based on aggregated 13F filings for Q1 2026.