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PMO

Franklin Municipal Opportunities Trust
PMO

63 hedge funds and large institutions have $86.3M invested in Franklin Municipal Opportunities Trust in 2014 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 22 increasing their positions, 12 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

83% more repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 12

25% more first-time investments, than exits

New positions opened: 5 | Existing positions closed: 4

13% more capital invested

Capital invested by funds: $76.1M → $86.3M (+$10.2M)

2% more funds holding

Funds holding: 62 → 63 (+1)

1.58% more ownership

Funds ownership: 16.25% → 17.83% (+1.6%)

Holders
63
Holders Change
+1
Holders Change %
+1.61%
% of All Funds
1.81%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
22
Reduced
12
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
+$3.26M
2
PPA
Parametric Portfolio Associates
Washington
+$2.75M
3
DA
Doliver Advisors
Texas
+$656K
4
KIM
Karpus Investment Management
New York
+$567K
5
AAM
Advisors Asset Management
Colorado
+$423K

Top Sellers

Rank Fund Capital Flow
1
Invesco
Invesco
Georgia
-$539K
2
TC
TFS Capital
Pennsylvania
-$511K
3
GC
Guggenheim Capital
Illinois
-$191K
4
1SB
1ST Source Bank
Indiana
-$191K
5
HK
Horizon Kinetics
New York
-$175K
Name Holding Trade Value Shares
Change 		Change in
Stake
LPL Financial
26
LPL Financial
California
$575K -$165K -14,205 -23%
VanEck Associates
27
VanEck Associates
New York
$516K +$92.2K +7,937 +22%
RCM
28
Robinson Capital Management
Michigan
$510K -$1.12K -96 -0.2%
RVP
29
Relative Value Partners
Illinois
$482K – – –
SCA
30
STALEY CAPITAL ADVISERS
Pennsylvania
$443K – – –
Stifel Financial
31
Stifel Financial
Missouri
$435K +$2.48K +213 +0.6%
BAM
32
Brave Asset Management
New Jersey
$434K +$349K +30,000 +433%
FAAS
33
First Allied Advisory Services
California
$390K +$141K +12,146 +58%
Commonwealth Equity Services
34
Commonwealth Equity Services
Massachusetts
$387K -$14.5K -1,252 -4%
DI
35
Dalton Investments
Nevada
$386K +$5.84K +503 +2%
TFCP
36
Twin Focus Capital Partners
Massachusetts
$368K – – –
WAM
37
Wolverine Asset Management
Illinois
$336K +$320K +27,540 +2,470%
CNB
38
City National Bank
California
$227K -$80.4K -6,920 -26%
YP
39
Yellowstone Partners
Idaho
$173K – – –
Deutsche Bank
40
Deutsche Bank
Germany
$157K – – –
NL
41
NWAM LLC
Washington
$155K – – –
VKH
42
Virtu KCG Holdings
New York
$154K +$152K +13,089 New
FNFDCM
43
Folger Nolan Fleming Douglas Capital Management
District of Columbia
$144K – – –
BA
44
Bridgewater Advisors
New York
$132K – – –
Cambridge Investment Research Advisors
45
Cambridge Investment Research Advisors
Iowa
$124K +$122K +10,520 New
HighTower Advisors
46
HighTower Advisors
Illinois
$123K – – –
PAG
47
Private Advisor Group
New Jersey
$118K – – –
SIA
48
Sit Investment Associates
Minnesota
$77K – – –
US Bancorp
49
US Bancorp
Minnesota
$53K – – –
NES
50
New England Securities
New York
$46K +$25.6K +2,200 +132%
1
2
3

PMO Hedge Fund Activity: Q2 2014 in Review

63 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Franklin Municipal Opportunities Trust (PMO) for Q2 2014, worth a combined $86.3M — up 13% from $76.1M a quarter earlier.

Buyers outnumbered sellers: 5 funds opened new PMO positions and 4 closed out — a net gain of 1 holder — while 22 added to existing stakes and 12 trimmed.

The largest buyer was BNP Paribas Financial Markets, adding an estimated $3.26M. The largest seller was Invesco, cutting an estimated $539K.

  • 63 institutional investors held Franklin Municipal Opportunities Trust (PMO) as of Q2 2014, up from 62 in Q1 2014.
  • Funds reported $86.3M of Franklin Municipal Opportunities Trust stock for Q2 2014, up 13% quarter-over-quarter.
  • 5 funds opened new Franklin Municipal Opportunities Trust positions in Q2 2014 and 4 closed out, a net change of +1 holder.
  • The largest Franklin Municipal Opportunities Trust buyer in Q2 2014 was BNP Paribas Financial Markets, an estimated $3.26M added.
  • The largest Franklin Municipal Opportunities Trust seller in Q2 2014 was Invesco, an estimated $539K sold.

Based on aggregated 13F filings for Q2 2014.