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PMO

Franklin Municipal Opportunities Trust
PMO

74 hedge funds and large institutions have $57.2M invested in Franklin Municipal Opportunities Trust in 2021 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 21 increasing their positions, 19 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

11% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 19

0.89% less ownership

Funds ownership: 12.74% → 11.85% (-0.89%)

2% less capital invested

Capital invested by funds: $58.2M → $57.2M (-$1.07M)

5% less funds holding

Funds holding: 78 → 74 (-4)

43% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 7

Holders
74
Holders Change
-4
Holders Change %
-5.13%
% of All Funds
1.29%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
4
Increased
21
Reduced
19
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
LB
Leo Brokerage
Texas
+$924K
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$208K
3
Invesco
Invesco
Georgia
+$163K
4
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
+$155K
5
1SB
1ST Source Bank
Indiana
+$132K

Top Sellers

Rank Fund Capital Flow
1
MSL
Mackay Shields LLC
New York
-$1.69M
2
RCM
Robinson Capital Management
Michigan
-$1.31M
3
UBS Group
UBS Group
Switzerland
-$1.05M
4
BFEC
Benjamin F. Edwards & Company
Missouri
-$429K
5
Bank of America
Bank of America
North Carolina
-$335K
Name Holding Trade Value Shares
Change 		Change in
Stake
GCP
26
Gill Capital Partners
Colorado
$593K -$37.2K -2,667 -6%
RVPG
27
Relative Value Partners Group
$582K – – –
Janney Montgomery Scott
28
Janney Montgomery Scott
Pennsylvania
$487K – – –
Royal Bank of Canada
29
Royal Bank of Canada
Ontario, Canada
$485K – – –
TFCP
30
Twin Focus Capital Partners
Massachusetts
$442K – – –
OC
31
Oppenheimer & Co
New York
$375K – – –
AWS
32
AJ Wealth Strategies
New York
$371K – – –
Cambridge Investment Research Advisors
33
Cambridge Investment Research Advisors
Iowa
$351K +$14.3K +1,028 +4%
MAFM
34
Mid Atlantic Financial Management
Pennsylvania
$297K +$18.1K +1,300 +7%
EIP
35
Ellis Investment Partners
Pennsylvania
$291K +$3.29K +236 +1%
Truist Financial
36
Truist Financial
North Carolina
$288K -$1.39K -100 -0.5%
DADC
37
D.A. Davidson & Co
Montana
$284K – – –
LPL Financial
38
LPL Financial
California
$283K -$59.1K -4,244 -18%
IWA
39
IBEX Wealth Advisors
New Jersey
$258K -$10.7K -767 -4%
SIA
40
Sit Investment Associates
Minnesota
$255K -$124K -8,876 -33%
WAP
41
Wealthcare Advisory Partners
Pennsylvania
$238K +$41.8K +3,000 +22%
Creative Planning
42
Creative Planning
Kansas
$218K – – –
FNWM
43
Financial Network Wealth Management
Utah
$217K – – –
Koshinski Asset Management
44
Koshinski Asset Management
Illinois
$212K -$193K -13,838 -48%
SCA
45
STALEY CAPITAL ADVISERS
Pennsylvania
$212K – – –
Susquehanna International Group
46
Susquehanna International Group
Pennsylvania
$211K +$208K +14,920 New
Cetera Investment Advisers
47
Cetera Investment Advisers
Illinois
$209K +$25.1K +1,800 +14%
SP
48
Successful Portfolios
Florida
$204K – – –
WS
49
Wedbush Securities
California
$198K – – –
IFG
50
Independent Financial Group
California
$194K -$49.5K -3,553 -21%
1
2
3 4

PMO Hedge Fund Activity: Q2 2021 in Review

74 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in Franklin Municipal Opportunities Trust (PMO) for Q2 2021, worth a combined $57.2M — down 1.8% from $58.2M a quarter earlier.

Sellers outnumbered buyers: 7 funds closed out of PMO and 4 opened new positions — a net loss of 3 holders — while 19 trimmed existing stakes and 21 added.

The largest buyer was Leo Brokerage, adding an estimated $924K. The largest seller was Mackay Shields LLC, cutting an estimated $1.69M.

  • 74 institutional investors held Franklin Municipal Opportunities Trust (PMO) as of Q2 2021, down from 78 in Q1 2021.
  • Funds reported $57.2M of Franklin Municipal Opportunities Trust stock for Q2 2021, down 1.8% quarter-over-quarter.
  • 4 funds opened new Franklin Municipal Opportunities Trust positions in Q2 2021 and 7 closed out, a net change of -3 holders.
  • The largest Franklin Municipal Opportunities Trust buyer in Q2 2021 was Leo Brokerage, an estimated $924K added.
  • The largest Franklin Municipal Opportunities Trust seller in Q2 2021 was Mackay Shields LLC, an estimated $1.69M sold.

Based on aggregated 13F filings for Q2 2021.