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PMO

Franklin Municipal Opportunities Trust
PMO

59 hedge funds and large institutions have $67.5M invested in Franklin Municipal Opportunities Trust in 2016 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 16 increasing their positions, 15 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

233% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 3

11% more funds holding

Funds holding: 53 → 59 (+6)

7% more repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 15

0.77% more ownership

Funds ownership: 12.91% → 13.68% (+0.77%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

5% less capital invested

Capital invested by funds: $71M → $67.5M (-$3.49M)

Holders
59
Holders Change
+6
Holders Change %
+11.32%
% of All Funds
1.48%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
10
Increased
16
Reduced
15
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
+$1.67M
2
Bank of America
Bank of America
North Carolina
+$1.4M
3
RCM
Robinson Capital Management
Michigan
+$1.27M
4
SIA
Sit Investment Associates
Minnesota
+$1.15M
5
Invesco
Invesco
Georgia
+$948K

Top Sellers

Rank Fund Capital Flow
1
NVIM
New Vernon Investment Management
Illinois
-$3.6M
2
BAM
Brave Asset Management
New Jersey
-$817K
3
UBS Group
UBS Group
Switzerland
-$616K
4
AAM
Advisors Asset Management
Colorado
-$470K
5
VanEck Associates
VanEck Associates
New York
-$460K
Name Holding Trade Value Shares
Change 		Change in
Stake
FAAS
26
First Allied Advisory Services
California
$390K +$1.34K +109 +0.3%
TFCP
27
Twin Focus Capital Partners
Massachusetts
$374K – – –
Cambridge Investment Research Advisors
28
Cambridge Investment Research Advisors
Iowa
$325K +$64K +5,211 +24%
WAM
29
Weiss Asset Management
Massachusetts
$294K +$302K +24,618 New
1IA
30
1834 Investment Advisors
Wisconsin
$251K – – –
Ameriprise
31
Ameriprise
Minnesota
$222K -$17.8K -1,453 -7%
KIM
32
Karpus Investment Management
New York
$207K +$79.2K +6,450 +59%
Squarepoint
33
Squarepoint
New York
$207K +$212K +17,300 New
WS
34
Wedbush Securities
California
$195K +$2.46K +200 +1%
BTS
35
BB&T Securities
Virginia
$188K – – –
MFS
36
MSI Financial Services
Massachusetts
$187K +$44.3K +3,609 +30%
SCA
37
STALEY CAPITAL ADVISERS
Pennsylvania
$179K – – –
HK
38
Horizon Kinetics
New York
$170K -$1.23K -100 -0.7%
RJFSA
39
Raymond James Financial Services Advisors
Florida
$168K -$7.39K -602 -4%
OC
40
Oppenheimer & Co
New York
$167K +$171K +13,950 New
FNFDCM
41
Folger Nolan Fleming Douglas Capital Management
District of Columbia
$165K – – –
NL
42
NWAM LLC
Washington
$157K – – –
Creative Planning
43
Creative Planning
Kansas
$113K – – –
Northwestern Mutual Wealth Management
44
Northwestern Mutual Wealth Management
Wisconsin
$105K +$108K +8,803 New
IA
45
IFP Advisors
Florida
$92K -$42.3K -3,441 -31%
TCM
46
Tradewinds Capital Management
Washington
$69K -$71.2K -5,796 Closed
Bank of Montreal
47
Bank of Montreal
Ontario, Canada
$68K – – –
GWM
48
Geneos Wealth Management
Colorado
$65K – – –
US Bancorp
49
US Bancorp
Minnesota
$54K – – –
LTFS
50
Ladenburg Thalmann Financial Services
Florida
$35K -$4.63K -377 -11%
1
2
3

PMO Hedge Fund Activity: Q4 2016 in Review

59 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Franklin Municipal Opportunities Trust (PMO) for Q4 2016, worth a combined $67.5M — down 4.9% from $71M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new PMO positions and 3 closed out — a net gain of 7 holders — while 16 added to existing stakes and 15 trimmed.

The largest buyer was Fiera Capital (Canada), adding an estimated $1.67M. The largest seller was New Vernon Investment Management, exiting entirely with an estimated $3.6M sold.

  • 59 institutional investors held Franklin Municipal Opportunities Trust (PMO) as of Q4 2016, up from 53 in Q3 2016.
  • Funds reported $67.5M of Franklin Municipal Opportunities Trust stock for Q4 2016, down 4.9% quarter-over-quarter.
  • 10 funds opened new Franklin Municipal Opportunities Trust positions in Q4 2016 and 3 closed out, a net change of +7 holders.
  • The largest Franklin Municipal Opportunities Trust buyer in Q4 2016 was Fiera Capital (Canada), an estimated $1.67M added.
  • The largest Franklin Municipal Opportunities Trust seller in Q4 2016 was New Vernon Investment Management, an estimated $3.6M sold.

Based on aggregated 13F filings for Q4 2016.