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PMO

Franklin Municipal Opportunities Trust
PMO

63 hedge funds and large institutions have $72.2M invested in Franklin Municipal Opportunities Trust in 2017 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 18 increasing their positions, 13 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

38% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 13

14% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 7

5% more capital invested

Capital invested by funds: $68.8M → $72.2M (+$3.49M)

0.58% more ownership

Funds ownership: 14.44% → 15.01% (+0.58%)

0% more funds holding

Funds holding: 63 → 63 (0)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

Holders
63
Holders Change
–
Holders Change %
0%
% of All Funds
1.57%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
8
Increased
18
Reduced
13
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PPA
Parametric Portfolio Associates
Washington
+$1.41M
2
RCM
Robinson Capital Management
Michigan
+$1.11M
3
Invesco
Invesco
Georgia
+$1.05M
4
GC
Guggenheim Capital
Illinois
+$434K
5
Bank of America
Bank of America
North Carolina
+$409K

Top Sellers

Rank Fund Capital Flow
1
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$1.61M
2
Wells Fargo
Wells Fargo
California
-$605K
3
AAM
Advisors Asset Management
Colorado
-$580K
4
WS
Wedbush Securities
California
-$189K
5
HK
Horizon Kinetics
New York
-$175K
Name Holding Trade Value Shares
Change 		Change in
Stake
TFCP
26
Twin Focus Capital Partners
Massachusetts
$395K – – –
FAAS
27
First Allied Advisory Services
California
$379K -$37.9K -3,000 -9%
CRC
28
Curi RMB Capital
Illinois
$353K +$353K +27,988 New
Cambridge Investment Research Advisors
29
Cambridge Investment Research Advisors
Iowa
$350K +$2.3K +182 +0.7%
DA
30
Doliver Advisors
Texas
$318K +$27.5K +2,181 +9%
MML Investors Services
31
MML Investors Services
Massachusetts
$289K +$36K +2,851 +14%
LTFS
32
Ladenburg Thalmann Financial Services
Florida
$282K +$105K +8,320 +59%
Ameriprise
33
Ameriprise
Minnesota
$280K +$34.7K +2,750 +14%
TJHA
34
Thomas J. Herzfeld Advisors
Florida
$250K -$56.3K -4,461 -18%
1IA
35
1834 Investment Advisors
Wisconsin
$230K – – –
LPL Financial
36
LPL Financial
California
$216K +$14.8K +1,170 +7%
FPCP
37
Fort Point Capital Partners
California
$209K +$208K +16,500 New
WAM
38
Weiss Asset Management
Massachusetts
$202K +$202K +15,975 New
SCA
39
STALEY CAPITAL ADVISERS
Pennsylvania
$189K – – –
SBIA
40
Sheaff Brock Investment Advisors
Indiana
$181K – – –
NL
41
NWAM LLC
Washington
$166K – – –
WS
42
Wedbush Securities
California
$165K -$189K -14,998 -53%
FNFDCM
43
Folger Nolan Fleming Douglas Capital Management
District of Columbia
$155K – – –
Creative Planning
44
Creative Planning
Kansas
$141K -$13.3K -1,050 -9%
SIM
45
Sonora Investment Management
Arizona
$126K – – –
Northwestern Mutual Wealth Management
46
Northwestern Mutual Wealth Management
Wisconsin
$111K – – –
SEI Investments
47
SEI Investments
Pennsylvania
$88K +$88.3K +7,000 New
TCM
48
Tradewinds Capital Management
Washington
$73K – – –
Bank of Montreal
49
Bank of Montreal
Ontario, Canada
$72K – – –
GWM
50
Geneos Wealth Management
Colorado
$69K – – –
1
2
3

PMO Hedge Fund Activity: Q3 2017 in Review

63 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Franklin Municipal Opportunities Trust (PMO) for Q3 2017, worth a combined $72.2M — up 5.1% from $68.8M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new PMO positions and 7 closed out — a net gain of 1 holder — while 18 added to existing stakes and 13 trimmed.

The largest buyer was Parametric Portfolio Associates, adding an estimated $1.41M. The largest seller was Fiera Capital (Canada), exiting entirely with an estimated $1.61M sold.

  • 63 institutional investors held Franklin Municipal Opportunities Trust (PMO) as of Q3 2017, unchanged from Q2 2017.
  • Funds reported $72.2M of Franklin Municipal Opportunities Trust stock for Q3 2017, up 5.1% quarter-over-quarter.
  • 8 funds opened new Franklin Municipal Opportunities Trust positions in Q3 2017 and 7 closed out, a net change of +1 holder.
  • The largest Franklin Municipal Opportunities Trust buyer in Q3 2017 was Parametric Portfolio Associates, an estimated $1.41M added.
  • The largest Franklin Municipal Opportunities Trust seller in Q3 2017 was Fiera Capital (Canada), an estimated $1.61M sold.

Based on aggregated 13F filings for Q3 2017.