Franklin Municipal Opportunities Trust
PMO
53 hedge funds and large institutions have $57.3M invested in Franklin Municipal Opportunities Trust in 2013 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 16 increasing their positions, 10 reducing their positions, and 7 closing their positions.
60% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 10
43% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 7
9% more capital invested
Capital invested by funds: $52.6M → $57.3M (+$4.78M)
4% more funds holding
Funds holding: 51 → 53 (+2)
1.59% more ownership
Funds ownership: 10.65% → 12.24% (+1.6%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1SB
1ST Source Bank
South Bend,
Indiana
|
+$3.71M |
| 2 |
FTCM
Fir Tree Capital Management
New York
|
+$2.06M |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$1.28M |
| 4 |
AQR Capital Management
Greenwich,
Connecticut
|
+$878K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$575K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DA
Doliver Advisors
Houston,
Texas
|
-$520K |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$352K |
| 3 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$350K |
| 4 |
NCM
Newgate Capital Management
Greenwich,
Connecticut
|
-$311K |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$293K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
1IC
51
1919 Investment Counsel
Baltimore,
Maryland
| $4K | – | – | – |
|
|
TRCT
52
Tower Research Capital (TRC)
New York
| $3K | +$2.74K | +253 | New |
|
|
CA
53
Cornerstone Advisors
Asheville,
North Carolina
| – | -$350K | -30,393 | Closed |
|
|
WAM
54
Wolverine Asset Management
Chicago,
Illinois
| – | -$288K | -25,070 | Closed |
|
|
RJFSA
55
Raymond James Financial Services Advisors
St. Petersburg,
Florida
| – | -$274K | -23,770 | Closed |
|
|
ST
56
Sentinel Trust
Houston,
Texas
| – | -$193K | -16,735 | Closed |
|
|
CAN
57
Cetera Advisor Networks
El Segundo,
California
| – | -$132K | -11,500 | Closed |
|
|
1CP
58
1607 Capital Partners
Richmond,
Virginia
| – | -$130K | -11,300 | Closed |
|
|
WC
59
Whitnell & Co
Oak Brook,
Illinois
| – | -$1K | -115 | Closed |
|
60
Citigroup
New York
| – | +$184 | +17 | New |
|
PMO Hedge Fund Activity: Q3 2013 in Review
53 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Franklin Municipal Opportunities Trust (PMO) for Q3 2013, worth a combined $57.3M — up 9.1% from $52.6M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new PMO positions and 7 closed out — a net gain of 3 holders — while 16 added to existing stakes and 10 trimmed.
The largest buyer was 1ST Source Bank, opening a new position worth an estimated $3.71M. The largest seller was Doliver Advisors, cutting an estimated $520K.
- 53 institutional investors held Franklin Municipal Opportunities Trust (PMO) as of Q3 2013, up from 51 in Q2 2013.
- Funds reported $57.3M of Franklin Municipal Opportunities Trust stock for Q3 2013, up 9.1% quarter-over-quarter.
- 10 funds opened new Franklin Municipal Opportunities Trust positions in Q3 2013 and 7 closed out, a net change of +3 holders.
- The largest Franklin Municipal Opportunities Trust buyer in Q3 2013 was 1ST Source Bank, an estimated $3.71M added.
- The largest Franklin Municipal Opportunities Trust seller in Q3 2013 was Doliver Advisors, an estimated $520K sold.
Based on aggregated 13F filings for Q3 2013.