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PMO

Franklin Municipal Opportunities Trust
PMO

59 hedge funds and large institutions have $68.1M invested in Franklin Municipal Opportunities Trust in 2017 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 18 increasing their positions, 14 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

29% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 14

17% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 6

1% more capital invested

Capital invested by funds: $67.5M → $68.1M (+$604K)

0% more funds holding

Funds holding: 59 → 59 (0)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

3.14% less ownership

Funds ownership: 13.68% → 10.54% (-3.1%)

Holders
59
Holders Change
–
Holders Change %
0%
% of All Funds
1.47%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
7
Increased
18
Reduced
14
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
+$1.24M
2
RCM
Robinson Capital Management
Michigan
+$655K
3
Bank of America
Bank of America
North Carolina
+$487K
4
Morgan Stanley
Morgan Stanley
New York
+$276K
5
CRC
Curi RMB Capital
Illinois
+$252K

Top Sellers

Rank Fund Capital Flow
1
AAM
Advisors Asset Management
Colorado
-$1.62M
2
IWA
IBEX Wealth Advisors
New Jersey
-$1.1M
3
WAM
Weiss Asset Management
Massachusetts
-$294K
4
GC
Guggenheim Capital
Illinois
-$240K
5
KIM
Karpus Investment Management
New York
-$207K
Name Holding Trade Value Shares
Change 		Change in
Stake
RJA
26
Raymond James & Associates
Florida
$347K -$200K -16,463 -36%
FAAS
27
First Allied Advisory Services
California
$333K -$60K -4,944 -15%
WS
28
Wedbush Securities
California
$299K +$104K +8,595 +53%
Ameriprise
29
Ameriprise
Minnesota
$259K +$36.3K +2,990 +16%
1IA
30
1834 Investment Advisors
Wisconsin
$252K – – –
CRC
31
Curi RMB Capital
Illinois
$249K +$252K +20,765 New
MML Investors Services
32
MML Investors Services
Massachusetts
$211K +$214K +17,602 New
SG Americas Securities
33
SG Americas Securities
New York
$191K +$193K +15,923 New
SCA
34
STALEY CAPITAL ADVISERS
Pennsylvania
$180K – – –
RJFSA
35
Raymond James Financial Services Advisors
Florida
$175K +$6.16K +507 +4%
HK
36
Horizon Kinetics
New York
$171K – – –
LNWWM
37
Laird Norton Wetherby Wealth Management
California
$164K +$166K +13,644 New
NL
38
NWAM LLC
Washington
$158K – – –
OC
39
Oppenheimer & Co
New York
$157K -$10.3K -850 -6%
FNFDCM
40
Folger Nolan Fleming Douglas Capital Management
District of Columbia
$147K – – –
BTS
41
BB&T Securities
Virginia
$128K -$41.8K -3,444 -24%
ZIC
42
ZWJ Investment Counsel
Georgia
$127K +$129K +10,581 New
SIM
43
Sonora Investment Management
Arizona
$120K +$121K +10,000 New
Creative Planning
44
Creative Planning
Kansas
$114K – – –
Northwestern Mutual Wealth Management
45
Northwestern Mutual Wealth Management
Wisconsin
$106K – – –
TCM
46
Tradewinds Capital Management
Washington
$70K – – –
Bank of Montreal
47
Bank of Montreal
Ontario, Canada
$69K – – –
GWM
48
Geneos Wealth Management
Colorado
$66K – – –
IA
49
IFP Advisors
Florida
$59K -$33.7K -2,775 -36%
US Bancorp
50
US Bancorp
Minnesota
$55K – – –
1
2
3

PMO Hedge Fund Activity: Q1 2017 in Review

59 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Franklin Municipal Opportunities Trust (PMO) for Q1 2017, worth a combined $68.1M — up 0.9% from $67.5M a quarter earlier.

Buyers outnumbered sellers: 7 funds opened new PMO positions and 6 closed out — a net gain of 1 holder — while 18 added to existing stakes and 14 trimmed.

The largest buyer was Wells Fargo, adding an estimated $1.24M. The largest seller was Advisors Asset Management, cutting an estimated $1.62M.

  • 59 institutional investors held Franklin Municipal Opportunities Trust (PMO) as of Q1 2017, unchanged from Q4 2016.
  • Funds reported $68.1M of Franklin Municipal Opportunities Trust stock for Q1 2017, up 0.9% quarter-over-quarter.
  • 7 funds opened new Franklin Municipal Opportunities Trust positions in Q1 2017 and 6 closed out, a net change of +1 holder.
  • The largest Franklin Municipal Opportunities Trust buyer in Q1 2017 was Wells Fargo, an estimated $1.24M added.
  • The largest Franklin Municipal Opportunities Trust seller in Q1 2017 was Advisors Asset Management, an estimated $1.62M sold.

Based on aggregated 13F filings for Q1 2017.