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PMO

Franklin Municipal Opportunities Trust
PMO

56 hedge funds and large institutions have $80.7M invested in Franklin Municipal Opportunities Trust in 2016 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 16 increasing their positions, 14 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

25% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 8

14% more repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 14

4% more funds holding

Funds holding: 54 → 56 (+2)

1.68% less ownership

Funds ownership: 17.1% → 15.42% (-1.7%)

7% less capital invested

Capital invested by funds: $86.5M → $80.7M (-$5.85M)

Holders
56
Holders Change
+2
Holders Change %
+3.7%
% of All Funds
1.49%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.03%
New
10
Increased
16
Reduced
14
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Robinson Capital Management
Michigan
+$2.12M
2
MSL
Mackay Shields LLC
New York
+$893K
3
PPA
Parametric Portfolio Associates
Washington
+$884K
4
CRC
Curi RMB Capital
Illinois
+$437K
5
VanEck Associates
VanEck Associates
New York
+$326K

Top Sellers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
-$9.87M
2
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
-$2.58M
3
LCM
Landscape Capital Management
New Jersey
-$636K
4
AA
AQR Arbitrage
Connecticut
-$400K
5
Morgan Stanley
Morgan Stanley
New York
-$246K
Name Holding Trade Value Shares
Change 		Change in
Stake
SCA
26
STALEY CAPITAL ADVISERS
Pennsylvania
$416K – – –
TFCP
27
Twin Focus Capital Partners
Massachusetts
$397K – – –
FAAS
28
First Allied Advisory Services
California
$336K +$34.3K +2,748 +12%
SIA
29
Sit Investment Associates
Minnesota
$309K +$223K +17,837 +273%
OC
30
Oppenheimer & Co
New York
$286K +$71.2K +5,700 +34%
1IA
31
1834 Investment Advisors
Wisconsin
$267K – – –
YP
32
Yellowstone Partners
Idaho
$227K -$16.9K -1,350 -7%
Creative Planning
33
Creative Planning
Kansas
$222K +$218K +17,488 New
WS
34
Wedbush Securities
California
$210K +$75.3K +6,030 +57%
HK
35
Horizon Kinetics
New York
$206K – – –
RJFSA
36
Raymond James Financial Services Advisors
Florida
$184K +$181K +14,471 New
BTS
37
BB&T Securities
Virginia
$179K +$176K +14,102 New
NL
38
NWAM LLC
Washington
$167K – – –
FNFDCM
39
Folger Nolan Fleming Douglas Capital Management
District of Columbia
$156K – – –
WAM
40
Wolverine Asset Management
Illinois
$139K +$137K +10,981 New
Northwestern Mutual Wealth Management
41
Northwestern Mutual Wealth Management
Wisconsin
$105K – – –
US Bancorp
42
US Bancorp
Minnesota
$78K +$20K +1,600 +35%
GWM
43
Geneos Wealth Management
Colorado
$70K +$68.7K +5,503 New
MFS
44
MSI Financial Services
Massachusetts
$48K +$11.1K +891 +31%
PNC Financial Services Group
45
PNC Financial Services Group
Pennsylvania
$45K -$2.58M -206,883 -98%
LTFS
46
Ladenburg Thalmann Financial Services
Florida
$41K +$1.17K +94 +3%
Fifth Third Bancorp
47
Fifth Third Bancorp
Ohio
$32K – – –
WAM
48
Wealthspire Advisors (Maryland)
Maryland
$26K – – –
MA
49
MUFG Americas
New York
$24K -$9.99K -800 -30%
PFSC
50
Peoples Financial Services Corp
Pennsylvania
$22K – – –
1
2
3

PMO Hedge Fund Activity: Q1 2016 in Review

56 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Franklin Municipal Opportunities Trust (PMO) for Q1 2016, worth a combined $80.7M — down 6.8% from $86.5M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new PMO positions and 8 closed out — a net gain of 2 holders — while 16 added to existing stakes and 14 trimmed.

The largest buyer was Robinson Capital Management, adding an estimated $2.12M. The largest seller was Karpus Investment Management, cutting an estimated $9.87M.

  • 56 institutional investors held Franklin Municipal Opportunities Trust (PMO) as of Q1 2016, up from 54 in Q4 2015.
  • Funds reported $80.7M of Franklin Municipal Opportunities Trust stock for Q1 2016, down 6.8% quarter-over-quarter.
  • 10 funds opened new Franklin Municipal Opportunities Trust positions in Q1 2016 and 8 closed out, a net change of +2 holders.
  • The largest Franklin Municipal Opportunities Trust buyer in Q1 2016 was Robinson Capital Management, an estimated $2.12M added.
  • The largest Franklin Municipal Opportunities Trust seller in Q1 2016 was Karpus Investment Management, an estimated $9.87M sold.

Based on aggregated 13F filings for Q1 2016.