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PMO

Franklin Municipal Opportunities Trust
PMO

86 hedge funds and large institutions have $63.2M invested in Franklin Municipal Opportunities Trust in 2024 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 20 increasing their positions, 27 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

67% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 6

4% more funds holding

Funds holding: 83 → 86 (+3)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

0.76% less ownership

Funds ownership: 20.37% → 19.61% (-0.76%)

11% less capital invested

Capital invested by funds: $71.4M → $63.2M (-$8.13M)

26% less repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 27

Holders
86
Holders Change
+3
Holders Change %
+3.61%
% of All Funds
1.24%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
10
Increased
20
Reduced
27
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$1.25M
2
PAS
Park Avenue Securities
New York
+$1.19M
3
LSC
Logan Stone Capital
Illinois
+$689K
4
NMC
Nine Masts Capital
Hong Kong
+$670K
5
Wells Fargo
Wells Fargo
California
+$353K

Top Sellers

Rank Fund Capital Flow
1
Ameriprise
Ameriprise
Minnesota
-$3.68M
2
SCM
Saba Capital Management
New York
-$2.9M
3
Morgan Stanley
Morgan Stanley
New York
-$2.26M
4
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$1.42M
5
VanEck Associates
VanEck Associates
New York
-$338K
Name Holding Trade Value Shares
Change 		Change in
Stake
1SB
26
1ST Source Bank
Indiana
$629K -$22.8K -2,217 -3%
LPL Financial
27
LPL Financial
California
$570K -$69.8K -6,789 -11%
OC
28
Oppenheimer & Co
New York
$565K +$1.12K +109 +0.2%
Northwestern Mutual Wealth Management
29
Northwestern Mutual Wealth Management
Wisconsin
$539K -$6.14K -597 -1%
RJFSA
30
Raymond James Financial Services Advisors
Florida
$518K -$39.3K -3,820 -7%
SMC
31
Smith, Moore & Co
Missouri
$365K +$36.4K +3,545 +11%
Bank of Montreal
32
Bank of Montreal
Ontario, Canada
$363K -$76.4K -7,428 -19%
TA
33
Tectonic Advisors
Texas
$349K +$3.57K +347 +1%
BW
34
Bison Wealth
Georgia
$344K +$55.4K +5,391 +19%
RVPG
35
Relative Value Partners Group
$334K – – –
TFCP
36
Twin Focus Capital Partners
Massachusetts
$318K – – –
Nomura Holdings
37
Nomura Holdings
Japan
$296K +$164K +15,925 +120%
Cohen & Steers
38
Cohen & Steers
New York
$284K – – –
IA
39
IFP Advisors
Florida
$276K +$2.83K +275 +1%
Stifel Financial
40
Stifel Financial
Missouri
$266K +$43.2K +4,200 +19%
NA
41
NewEdge Advisors
Louisiana
$259K +$24.3K +2,368 +10%
TWP
42
Tyche Wealth Partners
Texas
$241K +$134 +13 +0.1%
CAM
43
Cresset Asset Management
Illinois
$226K +$2.88K +280 +1%
GCP
44
Gill Capital Partners
Colorado
$224K – – –
BB
45
Burford Brothers
Texas
$202K – – –
HNB
46
Huntington National Bank
Ohio
$197K – – –
EIP
47
Ellis Investment Partners
Pennsylvania
$191K +$1.95K +190 +1%
Millennium Management
48
Millennium Management
New York
$188K -$274K -26,704 -59%
ICMP
49
Integrated Capital Management (Pennsylvania)
Pennsylvania
$169K +$171K +16,594 New
Cetera Investment Advisers
50
Cetera Investment Advisers
Illinois
$160K +$161K +15,703 New
1
2
3 4

PMO Hedge Fund Activity: Q1 2024 in Review

86 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Franklin Municipal Opportunities Trust (PMO) for Q1 2024, worth a combined $63.2M — down 11% from $71.4M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new PMO positions and 6 closed out — a net gain of 4 holders — while 20 added to existing stakes and 27 trimmed.

The largest buyer was Envestnet Asset Management, opening a new position worth an estimated $1.25M. The largest seller was Ameriprise, cutting an estimated $3.68M.

  • 86 institutional investors held Franklin Municipal Opportunities Trust (PMO) as of Q1 2024, up from 83 in Q4 2023.
  • Funds reported $63.2M of Franklin Municipal Opportunities Trust stock for Q1 2024, down 11% quarter-over-quarter.
  • 10 funds opened new Franklin Municipal Opportunities Trust positions in Q1 2024 and 6 closed out, a net change of +4 holders.
  • The largest Franklin Municipal Opportunities Trust buyer in Q1 2024 was Envestnet Asset Management, an estimated $1.25M added.
  • The largest Franklin Municipal Opportunities Trust seller in Q1 2024 was Ameriprise, an estimated $3.68M sold.

Based on aggregated 13F filings for Q1 2024.