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PMO

Franklin Municipal Opportunities Trust
PMO

71 hedge funds and large institutions have $76.4M invested in Franklin Municipal Opportunities Trust in 2019 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 21 increasing their positions, 17 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

24% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 17

1.05% less ownership

Funds ownership: 21.98% → 20.93% (-1%)

4% less funds holding

Funds holding: 74 → 71 (-3)

14% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 7

18% less capital invested

Capital invested by funds: $92.8M → $76.4M (-$16.4M)

Holders
71
Holders Change
-3
Holders Change %
-4.05%
% of All Funds
1.54%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
21
Reduced
17
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Baird Financial Group
Baird Financial Group
Wisconsin
+$833K
2
Northwestern Mutual Wealth Management
Northwestern Mutual Wealth Management
Wisconsin
+$803K
3
UBS Group
UBS Group
Switzerland
+$651K
4
SW
SVB Wealth
Massachusetts
+$359K
5
DADC
D.A. Davidson & Co
Montana
+$250K

Top Sellers

Rank Fund Capital Flow
1
PPA
Parametric Portfolio Associates
Washington
-$1.49M
2
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$1.43M
3
GC
Guggenheim Capital
Illinois
-$1.09M
4
RCM
Robinson Capital Management
Michigan
-$987K
5
KIM
Karpus Investment Management
New York
-$701K
Name Holding Trade Value Shares
Change 		Change in
Stake
DLG
26
Daniel L. Goodwin
$721K – – –
Stifel Financial
27
Stifel Financial
Missouri
$595K +$1.75K +141 +0.3%
RVPG
28
Relative Value Partners Group
$521K – – –
TFCP
29
Twin Focus Capital Partners
Massachusetts
$396K – – –
Cohen & Steers
30
Cohen & Steers
New York
$386K +$11K +888 +3%
SW
31
SVB Wealth
Massachusetts
$366K +$359K +28,900 New
Ameriprise
32
Ameriprise
Minnesota
$358K -$14.6K -1,172 -4%
AG
33
Advisor Group
Arizona
$351K +$199K +16,000 +136%
Creative Planning
34
Creative Planning
Kansas
$304K +$114K +9,164 +62%
BAM
35
Brave Asset Management
New Jersey
$295K – – –
IWA
36
IBEX Wealth Advisors
New Jersey
$291K -$32.2K -2,590 -10%
WS
37
Wedbush Securities
California
$285K -$20.8K -1,673 -7%
LTFS
38
Ladenburg Thalmann Financial Services
Florida
$283K -$42.9K -3,455 -13%
DADC
39
D.A. Davidson & Co
Montana
$254K +$250K +20,097 New
MAFM
40
Mid Atlantic Financial Management
Pennsylvania
$233K +$6.35K +511 +3%
FAAS
41
First Allied Advisory Services
California
$222K -$6.32K -509 -3%
Koshinski Asset Management
42
Koshinski Asset Management
Illinois
$213K – – –
BTS
43
BB&T Securities
Virginia
$196K – – –
SCA
44
STALEY CAPITAL ADVISERS
Pennsylvania
$190K – – –
PWAC
45
Private Wealth Advisors (California)
California
$184K – – –
SP
46
Successful Portfolios
Florida
$183K – – –
SBIA
47
Sheaff Brock Investment Advisors
Indiana
$181K – – –
MML Investors Services
48
MML Investors Services
Massachusetts
$172K +$857 +69 +0.5%
LPL Financial
49
LPL Financial
California
$163K -$77K -6,201 -32%
FNFDCM
50
Folger Nolan Fleming Douglas Capital Management
District of Columbia
$155K – – –
1
2
3 4

PMO Hedge Fund Activity: Q2 2019 in Review

71 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Franklin Municipal Opportunities Trust (PMO) for Q2 2019, worth a combined $76.4M — down 18% from $92.8M a quarter earlier.

Sellers outnumbered buyers: 7 funds closed out of PMO and 6 opened new positions — a net loss of 1 holder — while 17 trimmed existing stakes and 21 added.

The largest buyer was Baird Financial Group, opening a new position worth an estimated $833K. The largest seller was Parametric Portfolio Associates, cutting an estimated $1.49M.

  • 71 institutional investors held Franklin Municipal Opportunities Trust (PMO) as of Q2 2019, down from 74 in Q1 2019.
  • Funds reported $76.4M of Franklin Municipal Opportunities Trust stock for Q2 2019, down 18% quarter-over-quarter.
  • 6 funds opened new Franklin Municipal Opportunities Trust positions in Q2 2019 and 7 closed out, a net change of -1 holder.
  • The largest Franklin Municipal Opportunities Trust buyer in Q2 2019 was Baird Financial Group, an estimated $833K added.
  • The largest Franklin Municipal Opportunities Trust seller in Q2 2019 was Parametric Portfolio Associates, an estimated $1.49M sold.

Based on aggregated 13F filings for Q2 2019.