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PMO

Franklin Municipal Opportunities Trust
PMO

53 hedge funds and large institutions have $93.6M invested in Franklin Municipal Opportunities Trust in 2015 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 17 increasing their positions, 13 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

31% more repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 13

3% more capital invested

Capital invested by funds: $91.1M → $93.6M (+$2.51M)

0.09% more ownership

Funds ownership: 18.45% → 18.53% (+0.09%)

9% less funds holding

Funds holding: 58 → 53 (-5)

44% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 9

Holders
53
Holders Change
-5
Holders Change %
-8.62%
% of All Funds
1.41%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
17
Reduced
13
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$1.96M
2
PPA
Parametric Portfolio Associates
Washington
+$1.25M
3
Deutsche Bank
Deutsche Bank
Germany
+$680K
4
GC
Guggenheim Capital
Illinois
+$428K
5
OC
Oppenheimer & Co
New York
+$228K

Top Sellers

Rank Fund Capital Flow
1
AQR Capital Management
AQR Capital Management
Connecticut
-$1.87M
2
PAM
PT Asset Management
Illinois
-$1.45M
3
Invesco
Invesco
Georgia
-$1.11M
4
AAM
Advisors Asset Management
Colorado
-$661K
5
SG Americas Securities
SG Americas Securities
New York
-$204K
Name Holding Trade Value Shares
Change 		Change in
Stake
VanEck Associates
26
VanEck Associates
New York
$651K +$71.9K +5,870 +12%
Commonwealth Equity Services
27
Commonwealth Equity Services
Massachusetts
$577K +$34K +2,780 +6%
RVP
28
Relative Value Partners
Illinois
$503K – – –
Stifel Financial
29
Stifel Financial
Missouri
$486K -$4.05K -331 -0.8%
SCA
30
STALEY CAPITAL ADVISERS
Pennsylvania
$475K +$12.2K +1,000 +3%
Invesco
31
Invesco
Georgia
$397K -$1.11M -90,725 -74%
TFCP
32
Twin Focus Capital Partners
Massachusetts
$384K – – –
FAAS
33
First Allied Advisory Services
California
$292K -$43.5K -3,552 -13%
HK
34
Horizon Kinetics
New York
$268K -$118K -9,652 -31%
CNB
35
City National Bank
California
$237K -$3.23K -264 -1%
OC
36
Oppenheimer & Co
New York
$229K +$228K +18,650 New
DA
37
Doliver Advisors
Texas
$219K +$219K +17,899 New
YP
38
Yellowstone Partners
Idaho
$205K – – –
Cambridge Investment Research Advisors
39
Cambridge Investment Research Advisors
Iowa
$187K -$31.6K -2,585 -15%
NL
40
NWAM LLC
Washington
$161K – – –
FNFDCM
41
Folger Nolan Fleming Douglas Capital Management
District of Columbia
$150K – – –
SIA
42
Sit Investment Associates
Minnesota
$80K – – –
US Bancorp
43
US Bancorp
Minnesota
$56K – – –
MA
44
MUFG Americas
New York
$51K +$3.39K +277 +7%
OIA
45
Optimum Investment Advisors
Illinois
$33K – – –
MFS
46
MSI Financial Services
Massachusetts
$32K +$31.8K +2,598 New
Northwestern Mutual Wealth Management
47
Northwestern Mutual Wealth Management
Wisconsin
$32K +$32.4K +2,647 New
Fifth Third Bancorp
48
Fifth Third Bancorp
Ohio
$31K – – –
PFSC
49
Peoples Financial Services Corp
Pennsylvania
$21K – – –
RAM
50
Riggs Asset Management
Pennsylvania
$18K – – –
1
2
3

PMO Hedge Fund Activity: Q1 2015 in Review

53 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Franklin Municipal Opportunities Trust (PMO) for Q1 2015, worth a combined $93.6M — up 2.8% from $91.1M a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of PMO and 5 opened new positions — a net loss of 4 holders — while 13 trimmed existing stakes and 17 added.

The largest buyer was Karpus Investment Management, adding an estimated $1.96M. The largest seller was AQR Capital Management, exiting entirely with an estimated $1.87M sold.

  • 53 institutional investors held Franklin Municipal Opportunities Trust (PMO) as of Q1 2015, down from 58 in Q4 2014.
  • Funds reported $93.6M of Franklin Municipal Opportunities Trust stock for Q1 2015, up 2.8% quarter-over-quarter.
  • 5 funds opened new Franklin Municipal Opportunities Trust positions in Q1 2015 and 9 closed out, a net change of -4 holders.
  • The largest Franklin Municipal Opportunities Trust buyer in Q1 2015 was Karpus Investment Management, an estimated $1.96M added.
  • The largest Franklin Municipal Opportunities Trust seller in Q1 2015 was AQR Capital Management, an estimated $1.87M sold.

Based on aggregated 13F filings for Q1 2015.