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PMO

Franklin Municipal Opportunities Trust
PMO

75 hedge funds and large institutions have $60.7M invested in Franklin Municipal Opportunities Trust in 2020 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 20 increasing their positions, 21 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

167% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 3

7% more funds holding

Funds holding: 70 → 75 (+5)

1% more capital invested

Capital invested by funds: $60.3M → $60.7M (+$329K)

0.12% less ownership

Funds ownership: 13.74% → 13.63% (-0.12%)

5% less repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 21

Holders
75
Holders Change
+5
Holders Change %
+7.14%
% of All Funds
1.51%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
20
Reduced
21
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Northwestern Mutual Wealth Management
Northwestern Mutual Wealth Management
Wisconsin
+$501K
2
SCA
Snowden Capital Advisors
New York
+$248K
3
OFG
OTA Financial Group
New York
+$230K
4
Morgan Stanley
Morgan Stanley
New York
+$123K
5
GWS
Glassman Wealth Services
Virginia
+$117K

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$3.42M
2
AAM
Advisors Asset Management
Colorado
-$551K
3
Invesco
Invesco
Georgia
-$384K
4
SW
SVB Wealth
Massachusetts
-$178K
5
Cohen & Steers
Cohen & Steers
New York
-$167K
Name Holding Trade Value Shares
Change 		Change in
Stake
SMC
26
Smith, Moore & Co
Missouri
$729K -$5.29K -397 -0.7%
DLG
27
Daniel L. Goodwin
$672K – – –
Ameriprise
28
Ameriprise
Minnesota
$619K -$1.44K -108 -0.2%
GCP
29
Gill Capital Partners
Colorado
$584K -$9.95K -747 -2%
Stifel Financial
30
Stifel Financial
Missouri
$563K -$1.72K -129 -0.3%
RVPG
31
Relative Value Partners Group
$534K – – –
Janney Montgomery Scott
32
Janney Montgomery Scott
Pennsylvania
$427K +$116K +8,742 +36%
LPL Financial
33
LPL Financial
California
$426K +$37.7K +2,830 +9%
TFCP
34
Twin Focus Capital Partners
Massachusetts
$406K – – –
OC
35
Oppenheimer & Co
New York
$314K +$66.6K +5,000 +26%
MAFM
36
Mid Atlantic Financial Management
Pennsylvania
$274K +$12K +900 +5%
IWA
37
IBEX Wealth Advisors
New Jersey
$265K -$6.8K -511 -2%
DADC
38
D.A. Davidson & Co
Montana
$261K – – –
Cambridge Investment Research Advisors
39
Cambridge Investment Research Advisors
Iowa
$259K +$7.52K +565 +3%
AWS
40
AJ Wealth Strategies
New York
$258K – – –
EIP
41
Ellis Investment Partners
Pennsylvania
$255K +$2.08K +156 +0.8%
SCA
42
Snowden Capital Advisors
New York
$241K +$248K +18,610 New
Cohen & Steers
43
Cohen & Steers
New York
$233K -$167K -12,572 -41%
OFG
44
OTA Financial Group
New York
$224K +$230K +17,271 New
Truist Financial
45
Truist Financial
North Carolina
$214K -$22.7K -1,702 -9%
Creative Planning
46
Creative Planning
Kansas
$200K -$115K -8,626 -36%
SCA
47
STALEY CAPITAL ADVISERS
Pennsylvania
$195K – – –
SP
48
Successful Portfolios
Florida
$188K – – –
WAP
49
Wealthcare Advisory Partners
Pennsylvania
$179K – – –
FAAS
50
First Allied Advisory Services
California
$177K -$6.79K -510 -4%
1
2
3 4

PMO Hedge Fund Activity: Q3 2020 in Review

75 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Franklin Municipal Opportunities Trust (PMO) for Q3 2020, worth a combined $60.7M — up 0.54% from $60.3M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new PMO positions and 3 closed out — a net gain of 5 holders — while 20 added to existing stakes and 21 trimmed.

The largest buyer was Northwestern Mutual Wealth Management, adding an estimated $501K. The largest seller was Rivernorth Capital Management, cutting an estimated $3.42M.

  • 75 institutional investors held Franklin Municipal Opportunities Trust (PMO) as of Q3 2020, up from 70 in Q2 2020.
  • Funds reported $60.7M of Franklin Municipal Opportunities Trust stock for Q3 2020, up 0.54% quarter-over-quarter.
  • 8 funds opened new Franklin Municipal Opportunities Trust positions in Q3 2020 and 3 closed out, a net change of +5 holders.
  • The largest Franklin Municipal Opportunities Trust buyer in Q3 2020 was Northwestern Mutual Wealth Management, an estimated $501K added.
  • The largest Franklin Municipal Opportunities Trust seller in Q3 2020 was Rivernorth Capital Management, an estimated $3.42M sold.

Based on aggregated 13F filings for Q3 2020.