Franklin Managed Municipal Income Trust
PMM
86 hedge funds and large institutions have $65.2M invested in Franklin Managed Municipal Income Trust in 2026 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 25 increasing their positions, 19 reducing their positions, and 9 closing their positions.
32% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 19
9% more capital invested
Capital invested by funds: $59.6M → $65.2M (+$5.61M)
0.61% more ownership
Funds ownership: 20.86% → 21.48% (+0.61%)
4% less funds holding
Funds holding: 90 → 86 (-4)
44% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Raymond James Financial
St Petersburg,
Florida
|
+$1.04M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$840K |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$675K |
| 4 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$561K |
| 5 |
Morgan Stanley
New York
|
+$438K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.2M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$662K |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$146K |
| 4 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
-$140K |
| 5 |
ACA
Ackerman Capital Advisors
Dallas,
Texas
|
-$134K |
PMM Hedge Fund Activity: Q2 2026 in Review
86 of the 8,305 institutional investors tracked by Wall St. Rank reported a position in Franklin Managed Municipal Income Trust (PMM) for Q2 2026, worth a combined $65.2M — up 9.4% from $59.6M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of PMM and 5 opened new positions — a net loss of 4 holders — while 19 trimmed existing stakes and 25 added.
The largest buyer was Raymond James Financial, adding an estimated $1.04M. The largest seller was Guggenheim Capital, cutting an estimated $1.2M.
- 86 institutional investors held Franklin Managed Municipal Income Trust (PMM) as of Q2 2026, down from 90 in Q1 2026.
- Funds reported $65.2M of Franklin Managed Municipal Income Trust stock for Q2 2026, up 9.4% quarter-over-quarter.
- 5 funds opened new Franklin Managed Municipal Income Trust positions in Q2 2026 and 9 closed out, a net change of -4 holders.
- The largest Franklin Managed Municipal Income Trust buyer in Q2 2026 was Raymond James Financial, an estimated $1.04M added.
- The largest Franklin Managed Municipal Income Trust seller in Q2 2026 was Guggenheim Capital, an estimated $1.2M sold.
Based on aggregated 13F filings for Q2 2026.