Franklin Municipal Opportunities Trust
PMO
83 hedge funds and large institutions have $71.4M invested in Franklin Municipal Opportunities Trust in 2023 Q4 according to their latest regulatory filings, with 19 funds opening new positions, 22 increasing their positions, 20 reducing their positions, and 6 closing their positions.
217% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 6
44% more capital invested
Capital invested by funds: $49.7M → $71.4M (+$21.7M)
17% more funds holding
Funds holding: 71 → 83 (+12)
10% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 20
4.47% more ownership
Funds ownership: 15.9% → 20.37% (+4.5%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$5.78M |
| 2 |
SCM
Saba Capital Management
New York
|
+$2.58M |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$2.53M |
| 4 |
Morgan Stanley
New York
|
+$2.08M |
| 5 |
RIL
Rothschild Investment LLC
Chicago,
Illinois
|
+$1.86M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
-$1.28M |
| 2 |
AWAG
ARS Wealth Advisors Group
St. Petersburg,
Florida
|
-$532K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$511K |
| 4 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$485K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$440K |
PMO Hedge Fund Activity: Q4 2023 in Review
83 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Franklin Municipal Opportunities Trust (PMO) for Q4 2023, worth a combined $71.4M — up 44% from $49.7M a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new PMO positions and 6 closed out — a net gain of 13 holders — while 22 added to existing stakes and 20 trimmed.
The largest buyer was Fiera Capital (Canada), opening a new position worth an estimated $5.78M. The largest seller was Ameriprise, cutting an estimated $1.28M.
- 83 institutional investors held Franklin Municipal Opportunities Trust (PMO) as of Q4 2023, up from 71 in Q3 2023.
- Funds reported $71.4M of Franklin Municipal Opportunities Trust stock for Q4 2023, up 44% quarter-over-quarter.
- 19 funds opened new Franklin Municipal Opportunities Trust positions in Q4 2023 and 6 closed out, a net change of +13 holders.
- The largest Franklin Municipal Opportunities Trust buyer in Q4 2023 was Fiera Capital (Canada), an estimated $5.78M added.
- The largest Franklin Municipal Opportunities Trust seller in Q4 2023 was Ameriprise, an estimated $1.28M sold.
Based on aggregated 13F filings for Q4 2023.