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PMO

Franklin Municipal Opportunities Trust
PMO

54 hedge funds and large institutions have $86.5M invested in Franklin Municipal Opportunities Trust in 2015 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 15 increasing their positions, 11 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

36% more repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 11

11% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 9

0.83% less ownership

Funds ownership: 17.93% → 17.1% (-0.83%)

2% less capital invested

Capital invested by funds: $88.3M → $86.5M (-$1.81M)

2% less funds holding

Funds holding: 55 → 54 (-1)

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
54
Holders Change
-1
Holders Change %
-1.82%
% of All Funds
1.42%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
10
Increased
15
Reduced
11
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
+$3.51M
2
PPA
Parametric Portfolio Associates
Washington
+$884K
3
GC
Guggenheim Capital
Illinois
+$693K
4
LPL Financial
LPL Financial
California
+$572K
5
LCM
Landscape Capital Management
New Jersey
+$396K

Top Sellers

Rank Fund Capital Flow
1
OHA
Oak Hill Advisors
New York
-$3.08M
2
RCM
Rivernorth Capital Management
Florida
-$1.47M
3
COLIM
City of London Investment Management
United Kingdom
-$822K
4
Bank of America
Bank of America
North Carolina
-$788K
5
FIMG
Financial & Investment Management Group
Michigan
-$612K
Name Holding Trade Value Shares
Change 		Change in
Stake
SCA
26
STALEY CAPITAL ADVISERS
Pennsylvania
$402K – – –
AA
27
AQR Arbitrage
Connecticut
$400K -$370K -30,826 -49%
TFCP
28
Twin Focus Capital Partners
Massachusetts
$384K – – –
FAAS
29
First Allied Advisory Services
California
$293K +$493 +41 +0.2%
1IA
30
1834 Investment Advisors
Wisconsin
$258K -$20.4K -1,700 -7%
YP
31
Yellowstone Partners
Idaho
$236K – – –
SG Americas Securities
32
SG Americas Securities
New York
$230K +$225K +18,736 New
OC
33
Oppenheimer & Co
New York
$206K -$36K -3,000 -15%
HK
34
Horizon Kinetics
New York
$199K – – –
LCM
35
Laurion Capital Management
New York
$199K +$194K +16,188 New
NL
36
NWAM LLC
Washington
$162K +$158K +13,172 New
FNFDCM
37
Folger Nolan Fleming Douglas Capital Management
District of Columbia
$151K – – –
WS
38
Wedbush Securities
California
$129K +$1.71K +142 +1%
Northwestern Mutual Wealth Management
39
Northwestern Mutual Wealth Management
Wisconsin
$102K – – –
SIA
40
Sit Investment Associates
Minnesota
$80K – – –
US Bancorp
41
US Bancorp
Minnesota
$56K – – –
AIA
42
Allegis Investment Advisors
Idaho
$48K +$46.7K +3,891 New
IA
43
IFP Advisors
Florida
$46K +$44.6K +3,715 New
LTFS
44
Ladenburg Thalmann Financial Services
Florida
$38K +$9K +749 +32%
MFS
45
MSI Financial Services
Massachusetts
$36K +$20.1K +1,673 +137%
MA
46
MUFG Americas
New York
$33K – – –
Fifth Third Bancorp
47
Fifth Third Bancorp
Ohio
$31K – – –
WAM
48
Wealthspire Advisors (Maryland)
Maryland
$26K +$25K +2,081 New
PFSC
49
Peoples Financial Services Corp
Pennsylvania
$21K – – –
RAM
50
Riggs Asset Management
Pennsylvania
$18K – – –
1
2
3

PMO Hedge Fund Activity: Q4 2015 in Review

54 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in Franklin Municipal Opportunities Trust (PMO) for Q4 2015, worth a combined $86.5M — down 2% from $88.3M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new PMO positions and 9 closed out — a net gain of 1 holder — while 15 added to existing stakes and 11 trimmed.

The largest buyer was Fiera Capital (Canada), opening a new position worth an estimated $3.51M. The largest seller was Oak Hill Advisors, exiting entirely with an estimated $3.08M sold.

  • 54 institutional investors held Franklin Municipal Opportunities Trust (PMO) as of Q4 2015, down from 55 in Q3 2015.
  • Funds reported $86.5M of Franklin Municipal Opportunities Trust stock for Q4 2015, down 2% quarter-over-quarter.
  • 10 funds opened new Franklin Municipal Opportunities Trust positions in Q4 2015 and 9 closed out, a net change of +1 holder.
  • The largest Franklin Municipal Opportunities Trust buyer in Q4 2015 was Fiera Capital (Canada), an estimated $3.51M added.
  • The largest Franklin Municipal Opportunities Trust seller in Q4 2015 was Oak Hill Advisors, an estimated $3.08M sold.

Based on aggregated 13F filings for Q4 2015.