Franklin Municipal Opportunities Trust
PMO
74 hedge funds and large institutions have $92.8M invested in Franklin Municipal Opportunities Trust in 2019 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 25 increasing their positions, 17 reducing their positions, and 8 closing their positions.
47% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 17
0.22% less ownership
Funds ownership: 22.2% → 21.98% (-0.22%)
2% less capital invested
Capital invested by funds: $94.9M → $92.8M (-$2.06M)
6% less funds holding
Funds holding: 79 → 74 (-5)
50% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 8
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$6.88M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$1.29M |
| 3 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$629K |
| 4 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$409K |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$381K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$9.46M |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$5.14M |
| 3 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$1.28M |
| 4 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$975K |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$939K |
PMO Hedge Fund Activity: Q1 2019 in Review
74 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Franklin Municipal Opportunities Trust (PMO) for Q1 2019, worth a combined $92.8M — down 2.2% from $94.9M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of PMO and 4 opened new positions — a net loss of 4 holders — while 17 trimmed existing stakes and 25 added.
The largest buyer was Rivernorth Capital Management, adding an estimated $6.88M. The largest seller was Wells Fargo, cutting an estimated $9.46M.
- 74 institutional investors held Franklin Municipal Opportunities Trust (PMO) as of Q1 2019, down from 79 in Q4 2018.
- Funds reported $92.8M of Franklin Municipal Opportunities Trust stock for Q1 2019, down 2.2% quarter-over-quarter.
- 4 funds opened new Franklin Municipal Opportunities Trust positions in Q1 2019 and 8 closed out, a net change of -4 holders.
- The largest Franklin Municipal Opportunities Trust buyer in Q1 2019 was Rivernorth Capital Management, an estimated $6.88M added.
- The largest Franklin Municipal Opportunities Trust seller in Q1 2019 was Wells Fargo, an estimated $9.46M sold.
Based on aggregated 13F filings for Q1 2019.