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PMO

Franklin Municipal Opportunities Trust
PMO

74 hedge funds and large institutions have $58.7M invested in Franklin Municipal Opportunities Trust in 2020 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 19 increasing their positions, 24 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

120% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 5

4% more funds holding

Funds holding: 71 → 74 (+3)

4.67% less ownership

Funds ownership: 19.01% → 14.34% (-4.7%)

21% less repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 24

32% less capital invested

Capital invested by funds: $86.3M → $58.7M (-$27.6M)

Holders
74
Holders Change
+3
Holders Change %
+4.23%
% of All Funds
1.63%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
11
Increased
19
Reduced
24
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Rockefeller Capital Management
Rockefeller Capital Management
New York
+$1.09M
2
UBS Group
UBS Group
Switzerland
+$698K
3
Bank of America
Bank of America
North Carolina
+$569K
4
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
+$492K
5
Invesco
Invesco
Georgia
+$421K

Top Sellers

Rank Fund Capital Flow
1
MSL
Mackay Shields LLC
New York
-$12.7M
2
RCM
Rivernorth Capital Management
Florida
-$6.67M
3
PPA
Parametric Portfolio Associates
Washington
-$2.87M
4
Morgan Stanley
Morgan Stanley
New York
-$1.01M
5
LNC
Lincoln National Corp
Pennsylvania
-$707K
Name Holding Trade Value Shares
Change 		Change in
Stake
Stifel Financial
26
Stifel Financial
Missouri
$576K +$30.6K +2,369 +5%
GCP
27
Gill Capital Partners
Colorado
$551K +$597K +46,175 New
RVPG
28
Relative Value Partners Group
$489K – – –
Creative Planning
29
Creative Planning
Kansas
$423K +$129K +10,000 +39%
TFCP
30
Twin Focus Capital Partners
Massachusetts
$373K – – –
Cohen & Steers
31
Cohen & Steers
New York
$364K – – –
BAM
32
Brave Asset Management
New Jersey
$278K – – –
IWA
33
IBEX Wealth Advisors
New Jersey
$272K -$7.95K -615 -3%
Ameriprise
34
Ameriprise
Minnesota
$256K +$5.52K +427 +2%
SW
35
SVB Wealth
Massachusetts
$251K -$97K -7,500 -26%
DADC
36
D.A. Davidson & Co
Montana
$240K – – –
Cambridge Investment Research Advisors
37
Cambridge Investment Research Advisors
Iowa
$239K -$14.8K -1,142 -5%
AWS
38
AJ Wealth Strategies
New York
$237K -$32.3K -2,500 -11%
MAFM
39
Mid Atlantic Financial Management
Pennsylvania
$231K -$6.46K -500 -3%
LPL Financial
40
LPL Financial
California
$223K -$45.7K -3,535 -16%
Truist Financial
41
Truist Financial
North Carolina
$218K +$77.9K +6,025 +49%
SCA
42
STALEY CAPITAL ADVISERS
Pennsylvania
$179K – – –
WS
43
Wedbush Securities
California
$178K -$143K -11,074 -43%
FAAS
44
First Allied Advisory Services
California
$177K – – –
OC
45
Oppenheimer & Co
New York
$174K +$189K +14,585 New
SP
46
Successful Portfolios
Florida
$173K – – –
WAP
47
Wealthcare Advisory Partners
Pennsylvania
$165K +$71.1K +5,500 +66%
MWM
48
Merriman Wealth Management
Washington
$156K – – –
MML Investors Services
49
MML Investors Services
Massachusetts
$153K -$12.4K -960 -7%
SBIA
50
Sheaff Brock Investment Advisors
Indiana
$143K -$29.7K -2,300 -16%
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PMO Hedge Fund Activity: Q1 2020 in Review

74 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Franklin Municipal Opportunities Trust (PMO) for Q1 2020, worth a combined $58.7M — down 32% from $86.3M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new PMO positions and 5 closed out — a net gain of 6 holders — while 19 added to existing stakes and 24 trimmed.

The largest buyer was Rockefeller Capital Management, opening a new position worth an estimated $1.09M. The largest seller was Mackay Shields LLC, cutting an estimated $12.7M.

  • 74 institutional investors held Franklin Municipal Opportunities Trust (PMO) as of Q1 2020, up from 71 in Q4 2019.
  • Funds reported $58.7M of Franklin Municipal Opportunities Trust stock for Q1 2020, down 32% quarter-over-quarter.
  • 11 funds opened new Franklin Municipal Opportunities Trust positions in Q1 2020 and 5 closed out, a net change of +6 holders.
  • The largest Franklin Municipal Opportunities Trust buyer in Q1 2020 was Rockefeller Capital Management, an estimated $1.09M added.
  • The largest Franklin Municipal Opportunities Trust seller in Q1 2020 was Mackay Shields LLC, an estimated $12.7M sold.

Based on aggregated 13F filings for Q1 2020.