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PMO

Franklin Municipal Opportunities Trust
PMO

70 hedge funds and large institutions have $75.9M invested in Franklin Municipal Opportunities Trust in 2018 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 21 increasing their positions, 13 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

63% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 8

62% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 13

8% more funds holding

Funds holding: 65 → 70 (+5)

1.52% more ownership

Funds ownership: 15.54% → 17.06% (+1.5%)

4% more capital invested

Capital invested by funds: $73.3M → $75.9M (+$2.59M)

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
70
Holders Change
+5
Holders Change %
+7.69%
% of All Funds
1.6%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
13
Increased
21
Reduced
13
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$4.03M
2
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
+$2.07M
3
IWA
IBEX Wealth Advisors
New Jersey
+$856K
4
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
+$748K
5
LCM
Landscape Capital Management
New Jersey
+$629K

Top Sellers

Rank Fund Capital Flow
1
PPA
Parametric Portfolio Associates
Washington
-$1.21M
2
SIA
Sit Investment Associates
Minnesota
-$829K
3
Morgan Stanley
Morgan Stanley
New York
-$582K
4
AAM
Advisors Asset Management
Colorado
-$347K
5
RCM
Robinson Capital Management
Michigan
-$251K
Name Holding Trade Value Shares
Change 		Change in
Stake
Stifel Financial
26
Stifel Financial
Missouri
$491K +$13.8K +1,156 +3%
RVPG
27
Relative Value Partners Group
$478K – – –
BAM
28
Brave Asset Management
New Jersey
$424K -$121K -10,100 -22%
TFCP
29
Twin Focus Capital Partners
Massachusetts
$365K – – –
MML Investors Services
30
MML Investors Services
Massachusetts
$350K +$43.9K +3,681 +14%
Cohen & Steers
31
Cohen & Steers
New York
$345K – – –
LPL Financial
32
LPL Financial
California
$336K +$110K +9,196 +47%
FAAS
33
First Allied Advisory Services
California
$335K -$9.49K -795 -3%
LTFS
34
Ladenburg Thalmann Financial Services
Florida
$333K +$19.6K +1,641 +6%
Cambridge Investment Research Advisors
35
Cambridge Investment Research Advisors
Iowa
$288K +$6.54K +548 +2%
Ameriprise
36
Ameriprise
Minnesota
$241K +$1.83K +153 +0.7%
1IA
37
1834 Investment Advisors
Wisconsin
$212K – – –
Creative Planning
38
Creative Planning
Kansas
$188K – – –
ICM
39
Ionic Capital Management
New York
$177K +$181K +15,207 New
SCA
40
STALEY CAPITAL ADVISERS
Pennsylvania
$175K – – –
CRC
41
Curi RMB Capital
Illinois
$172K -$118K -9,893 -40%
SP
42
Successful Portfolios
Florida
$169K – – –
SBIA
43
Sheaff Brock Investment Advisors
Indiana
$167K – – –
WS
44
Wedbush Securities
California
$162K -$3.54K -297 -2%
DA
45
Doliver Advisors
Texas
$158K -$94.7K -7,936 -37%
AA
46
AQR Arbitrage
Connecticut
$157K +$160K +13,439 New
DWM
47
Dakota Wealth Management
Florida
$150K +$154K +12,900 New
FNFDCM
48
Folger Nolan Fleming Douglas Capital Management
District of Columbia
$143K – – –
Millennium Management
49
Millennium Management
New York
$122K +$125K +10,497 New
Susquehanna International Group
50
Susquehanna International Group
Pennsylvania
$121K +$124K +10,362 New
1
2
3 4

PMO Hedge Fund Activity: Q1 2018 in Review

70 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Franklin Municipal Opportunities Trust (PMO) for Q1 2018, worth a combined $75.9M — up 3.5% from $73.3M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new PMO positions and 8 closed out — a net gain of 5 holders — while 21 added to existing stakes and 13 trimmed.

The largest buyer was Karpus Investment Management, opening a new position worth an estimated $4.03M. The largest seller was Parametric Portfolio Associates, cutting an estimated $1.21M.

  • 70 institutional investors held Franklin Municipal Opportunities Trust (PMO) as of Q1 2018, up from 65 in Q4 2017.
  • Funds reported $75.9M of Franklin Municipal Opportunities Trust stock for Q1 2018, up 3.5% quarter-over-quarter.
  • 13 funds opened new Franklin Municipal Opportunities Trust positions in Q1 2018 and 8 closed out, a net change of +5 holders.
  • The largest Franklin Municipal Opportunities Trust buyer in Q1 2018 was Karpus Investment Management, an estimated $4.03M added.
  • The largest Franklin Municipal Opportunities Trust seller in Q1 2018 was Parametric Portfolio Associates, an estimated $1.21M sold.

Based on aggregated 13F filings for Q1 2018.