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PMO

Franklin Municipal Opportunities Trust
PMO

53 hedge funds and large institutions have $64.8M invested in Franklin Municipal Opportunities Trust in 2016 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 11 increasing their positions, 22 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

3.68% less ownership

Funds ownership: 15.42% → 11.74% (-3.7%)

5% less funds holding

Funds holding: 56 → 53 (-3)

20% less capital invested

Capital invested by funds: $80.7M → $64.8M (-$15.9M)

43% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 7

50% less repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 22

Holders
53
Holders Change
-3
Holders Change %
-5.36%
% of All Funds
1.41%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
4
Increased
11
Reduced
22
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
MSL
Mackay Shields LLC
New York
+$14M
2
AAM
Advisors Asset Management
Colorado
+$975K
3
SIA
Sit Investment Associates
Minnesota
+$357K
4
VanEck Associates
VanEck Associates
New York
+$201K
5
RCM
Robinson Capital Management
Michigan
+$191K

Top Sellers

Rank Fund Capital Flow
1
PPA
Parametric Portfolio Associates
Washington
-$17.1M
2
KIM
Karpus Investment Management
New York
-$13.1M
3
RJA
Raymond James & Associates
Florida
-$849K
4
LPL Financial
LPL Financial
California
-$706K
5
COLIM
City of London Investment Management
United Kingdom
-$687K
Name Holding Trade Value Shares
Change 		Change in
Stake
OC
26
Oppenheimer & Co
New York
$301K – – –
1IA
27
1834 Investment Advisors
Wisconsin
$281K – – –
YP
28
Yellowstone Partners
Idaho
$239K – – –
WS
29
Wedbush Securities
California
$224K +$2.54K +193 +1%
HK
30
Horizon Kinetics
New York
$217K – – –
SCA
31
STALEY CAPITAL ADVISERS
Pennsylvania
$214K -$220K -16,720 -51%
RJFSA
32
Raymond James Financial Services Advisors
Florida
$188K -$5.66K -431 -3%
BTS
33
BB&T Securities
Virginia
$188K – – –
NL
34
NWAM LLC
Washington
$176K – – –
FNFDCM
35
Folger Nolan Fleming Douglas Capital Management
District of Columbia
$164K – – –
Ameriprise
36
Ameriprise
Minnesota
$158K +$155K +11,773 New
SI
37
SII Investments
Wisconsin
$140K +$139K +10,547 New
Creative Planning
38
Creative Planning
Kansas
$115K -$116K -8,862 -51%
Northwestern Mutual Wealth Management
39
Northwestern Mutual Wealth Management
Wisconsin
$112K +$1.31K +100 +1%
MFS
40
MSI Financial Services
Massachusetts
$81K +$29.3K +2,233 +59%
TCM
41
Tradewinds Capital Management
Washington
$78K – – –
Bank of Montreal
42
Bank of Montreal
Ontario, Canada
$77K +$75.2K +5,725 New
GWM
43
Geneos Wealth Management
Colorado
$74K – – –
US Bancorp
44
US Bancorp
Minnesota
$61K -$21K -1,600 -26%
IA
45
IFP Advisors
Florida
$50K +$48.8K +3,715 New
LTFS
46
Ladenburg Thalmann Financial Services
Florida
$47K +$3.94K +300 +9%
PNC Financial Services Group
47
PNC Financial Services Group
Pennsylvania
$38K -$8.76K -667 -19%
Fifth Third Bancorp
48
Fifth Third Bancorp
Ohio
$34K – – –
WAM
49
Wealthspire Advisors (Maryland)
Maryland
$28K – – –
MA
50
MUFG Americas
New York
$25K – – –
1
2
3

PMO Hedge Fund Activity: Q2 2016 in Review

53 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Franklin Municipal Opportunities Trust (PMO) for Q2 2016, worth a combined $64.8M — down 20% from $80.7M a quarter earlier.

Sellers outnumbered buyers: 7 funds closed out of PMO and 4 opened new positions — a net loss of 3 holders — while 22 trimmed existing stakes and 11 added.

The largest buyer was Mackay Shields LLC, adding an estimated $14M. The largest seller was Parametric Portfolio Associates, exiting entirely with an estimated $17.1M sold.

  • 53 institutional investors held Franklin Municipal Opportunities Trust (PMO) as of Q2 2016, down from 56 in Q1 2016.
  • Funds reported $64.8M of Franklin Municipal Opportunities Trust stock for Q2 2016, down 20% quarter-over-quarter.
  • 4 funds opened new Franklin Municipal Opportunities Trust positions in Q2 2016 and 7 closed out, a net change of -3 holders.
  • The largest Franklin Municipal Opportunities Trust buyer in Q2 2016 was Mackay Shields LLC, an estimated $14M added.
  • The largest Franklin Municipal Opportunities Trust seller in Q2 2016 was Parametric Portfolio Associates, an estimated $17.1M sold.

Based on aggregated 13F filings for Q2 2016.