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PMO

Franklin Municipal Opportunities Trust
PMO

53 hedge funds and large institutions have $71M invested in Franklin Municipal Opportunities Trust in 2016 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 18 increasing their positions, 14 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

29% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 14

9% more capital invested

Capital invested by funds: $64.8M → $71M (+$6.13M)

1.17% more ownership

Funds ownership: 11.74% → 12.91% (+1.2%)

0% more funds holding

Funds holding: 53 → 53 (0)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0% more first-time investments, than exits

New positions opened: 4 | Existing positions closed: 4

Holders
53
Holders Change
–
Holders Change %
0%
% 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
18
Reduced
14
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
+$2.3M
2
GC
Guggenheim Capital
Illinois
+$1.52M
3
RCM
Robinson Capital Management
Michigan
+$1.39M
4
MSL
Mackay Shields LLC
New York
+$1.27M
5
Bank of America
Bank of America
North Carolina
+$636K

Top Sellers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
-$840K
2
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$696K
3
AAM
Advisors Asset Management
Colorado
-$664K
4
RJA
Raymond James & Associates
Florida
-$626K
5
OC
Oppenheimer & Co
New York
-$301K
Name Holding Trade Value Shares
Change 		Change in
Stake
Cambridge Investment Research Advisors
26
Cambridge Investment Research Advisors
Iowa
$293K +$294K +21,947 New
1IA
27
1834 Investment Advisors
Wisconsin
$280K – – –
Ameriprise
28
Ameriprise
Minnesota
$267K +$111K +8,275 +70%
YP
29
Yellowstone Partners
Idaho
$238K – – –
WS
30
Wedbush Securities
California
$215K -$8.53K -636 -4%
SCA
31
STALEY CAPITAL ADVISERS
Pennsylvania
$200K -$13.4K -1,000 -6%
RJFSA
32
Raymond James Financial Services Advisors
Florida
$195K +$8.07K +602 +4%
HK
33
Horizon Kinetics
New York
$191K -$26K -1,937 -12%
BTS
34
BB&T Securities
Virginia
$188K – – –
CWM
35
Concert Wealth Management
California
$187K +$188K +14,059 New
NL
36
NWAM LLC
Washington
$176K – – –
FNFDCM
37
Folger Nolan Fleming Douglas Capital Management
District of Columbia
$165K – – –
MFS
38
MSI Financial Services
Massachusetts
$160K +$80.3K +5,990 +99%
IA
39
IFP Advisors
Florida
$149K +$99.9K +7,450 +201%
KIM
40
Karpus Investment Management
New York
$145K -$840K -62,642 -85%
Creative Planning
41
Creative Planning
Kansas
$126K +$11.2K +836 +10%
TCM
42
Tradewinds Capital Management
Washington
$77K +$77.7K +5,796 New
Bank of Montreal
43
Bank of Montreal
Ontario, Canada
$76K – – –
GWM
44
Geneos Wealth Management
Colorado
$73K – – –
PNC Financial Services Group
45
PNC Financial Services Group
Pennsylvania
$70K +$32.4K +2,414 +85%
US Bancorp
46
US Bancorp
Minnesota
$61K – – –
LTFS
47
Ladenburg Thalmann Financial Services
Florida
$44K -$2.72K -203 -6%
Fifth Third Bancorp
48
Fifth Third Bancorp
Ohio
$34K – – –
WAM
49
Wealthspire Advisors (Maryland)
Maryland
$28K – – –
PCP
50
Proficio Capital Partners
Massachusetts
$27K +$10.6K +792 +63%
1
2
3

PMO Hedge Fund Activity: Q3 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 Q3 2016, worth a combined $71M — up 9.5% from $64.8M a quarter earlier.

Fund positioning in PMO was balanced in Q3 2016: 4 funds opened new positions, 4 closed out, 18 added to existing stakes and 14 trimmed.

The largest buyer was Sit Investment Associates, adding an estimated $2.3M. The largest seller was Karpus Investment Management, cutting an estimated $840K.

  • 53 institutional investors held Franklin Municipal Opportunities Trust (PMO) as of Q3 2016, unchanged from Q2 2016.
  • Funds reported $71M of Franklin Municipal Opportunities Trust stock for Q3 2016, up 9.5% quarter-over-quarter.
  • 4 funds opened new Franklin Municipal Opportunities Trust positions in Q3 2016 and 4 closed out, a net change of 0 holders.
  • The largest Franklin Municipal Opportunities Trust buyer in Q3 2016 was Sit Investment Associates, an estimated $2.3M added.
  • The largest Franklin Municipal Opportunities Trust seller in Q3 2016 was Karpus Investment Management, an estimated $840K sold.

Based on aggregated 13F filings for Q3 2016.