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PMO

Franklin Municipal Opportunities Trust
PMO

71 hedge funds and large institutions have $86.3M invested in Franklin Municipal Opportunities Trust in 2019 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 26 increasing their positions, 11 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

136% more repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 11

33% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 6

22% more capital invested

Capital invested by funds: $71M → $86.3M (+$15.3M)

0% more funds holding

Funds holding: 71 → 71 (0)

1.02% less ownership

Funds ownership: 20.03% → 19.01% (-1%)

Holders
71
Holders Change
–
Holders Change %
0%
% of All Funds
1.4%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
26
Reduced
11
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$381K
2
LTFS
Ladenburg Thalmann Financial Services
Florida
+$319K
3
AWS
AJ Wealth Strategies
New York
+$294K
4
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
+$278K
5
Invesco
Invesco
Georgia
+$240K

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$2.28M
2
PPA
Parametric Portfolio Associates
Washington
-$1.68M
3
COLIM
City of London Investment Management
United Kingdom
-$1.13M
4
GC
Guggenheim Capital
Illinois
-$919K
5
LNC
Lincoln National Corp
Pennsylvania
-$851K
Name Holding Trade Value Shares
Change 		Change in
Stake
LNC
26
Lincoln National Corp
Pennsylvania
$707K -$851K -64,824 -55%
Stifel Financial
27
Stifel Financial
Missouri
$605K +$11.3K +862 +2%
RVPG
28
Relative Value Partners Group
$541K – – –
TFCP
29
Twin Focus Capital Partners
Massachusetts
$412K – – –
Cohen & Steers
30
Cohen & Steers
New York
$401K – – –
SW
31
SVB Wealth
Massachusetts
$375K – – –
AG
32
Advisor Group
Arizona
$374K +$15.7K +1,200 +4%
WS
33
Wedbush Securities
California
$342K +$46.5K +3,540 +16%
Creative Planning
34
Creative Planning
Kansas
$335K – – –
IWA
35
IBEX Wealth Advisors
New Jersey
$308K +$2.6K +198 +0.9%
BAM
36
Brave Asset Management
New Jersey
$307K – – –
AWS
37
AJ Wealth Strategies
New York
$295K +$294K +22,400 New
LPL Financial
38
LPL Financial
California
$292K +$91.9K +7,000 +46%
Cambridge Investment Research Advisors
39
Cambridge Investment Research Advisors
Iowa
$279K +$278K +21,180 New
Ameriprise
40
Ameriprise
Minnesota
$277K +$17.3K +1,319 +7%
DADC
41
D.A. Davidson & Co
Montana
$264K – – –
MAFM
42
Mid Atlantic Financial Management
Pennsylvania
$261K +$15.7K +1,200 +6%
Koshinski Asset Management
43
Koshinski Asset Management
Illinois
$221K – – –
PWAC
44
Private Wealth Advisors (California)
California
$205K -$8.88K -677 -4%
SCA
45
STALEY CAPITAL ADVISERS
Pennsylvania
$197K -$131K -10,000 -40%
FAAS
46
First Allied Advisory Services
California
$197K -$17.8K -1,356 -8%
SP
47
Successful Portfolios
Florida
$190K – – –
SBIA
48
Sheaff Brock Investment Advisors
Indiana
$188K – – –
MML Investors Services
49
MML Investors Services
Massachusetts
$181K +$472 +36 +0.3%
CAN
50
Cetera Advisor Networks
California
$178K +$178K +13,550 New
1
2
3 4

PMO Hedge Fund Activity: Q4 2019 in Review

71 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Franklin Municipal Opportunities Trust (PMO) for Q4 2019, worth a combined $86.3M — up 22% from $71M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new PMO positions and 6 closed out — a net gain of 2 holders — while 26 added to existing stakes and 11 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $381K. The largest seller was Rivernorth Capital Management, cutting an estimated $2.28M.

  • 71 institutional investors held Franklin Municipal Opportunities Trust (PMO) as of Q4 2019, unchanged from Q3 2019.
  • Funds reported $86.3M of Franklin Municipal Opportunities Trust stock for Q4 2019, up 22% quarter-over-quarter.
  • 8 funds opened new Franklin Municipal Opportunities Trust positions in Q4 2019 and 6 closed out, a net change of +2 holders.
  • The largest Franklin Municipal Opportunities Trust buyer in Q4 2019 was Morgan Stanley, an estimated $381K added.
  • The largest Franklin Municipal Opportunities Trust seller in Q4 2019 was Rivernorth Capital Management, an estimated $2.28M sold.

Based on aggregated 13F filings for Q4 2019.