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PMO

Franklin Municipal Opportunities Trust
PMO

63 hedge funds and large institutions have $86.3M invested in Franklin Municipal Opportunities Trust in 2014 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 22 increasing their positions, 12 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

83% more repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 12

25% more first-time investments, than exits

New positions opened: 5 | Existing positions closed: 4

13% more capital invested

Capital invested by funds: $76.1M → $86.3M (+$10.2M)

2% more funds holding

Funds holding: 62 → 63 (+1)

1.58% more ownership

Funds ownership: 16.25% → 17.83% (+1.6%)

Holders
63
Holders Change
+1
Holders Change %
+1.61%
% of All Funds
1.81%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
22
Reduced
12
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
+$3.26M
2
PPA
Parametric Portfolio Associates
Washington
+$2.75M
3
DA
Doliver Advisors
Texas
+$656K
4
KIM
Karpus Investment Management
New York
+$567K
5
AAM
Advisors Asset Management
Colorado
+$423K

Top Sellers

Rank Fund Capital Flow
1
Invesco
Invesco
Georgia
-$539K
2
TC
TFS Capital
Pennsylvania
-$511K
3
GC
Guggenheim Capital
Illinois
-$191K
4
1SB
1ST Source Bank
Indiana
-$191K
5
HK
Horizon Kinetics
New York
-$175K
Name Holding Trade Value Shares
Change 		Change in
Stake
MA
51
MUFG Americas
New York
$44K +$1.56K +134 +4%
OIA
52
Optimum Investment Advisors
Illinois
$32K +$31.2K +2,688 New
PFO
53
Pathstone Family Office
New Jersey
$31K +$465 +40 +2%
Fifth Third Bancorp
54
Fifth Third Bancorp
Ohio
$30K – – –
PFSC
55
Peoples Financial Services Corp
Pennsylvania
$20K – – –
FCCM
56
First City Capital Management
Georgia
$12.3K – – –
LTFS
57
Ladenburg Thalmann Financial Services
Florida
$12K – – –
FAM
58
Formidable Asset Management
Ohio
$10K – – –
TJHA
59
Thomas J. Herzfeld Advisors
Florida
$9K – – –
BRWA
60
B. Riley Wealth Advisors
Florida
$5.1K +$5.04K +434 New
1IC
61
1919 Investment Counsel
Maryland
$4K – – –
TRCT
62
Tower Research Capital (TRC)
New York
$2K – – –
TC
63
TFS Capital
Pennsylvania
– -$511K -44,946 Closed
AllianceBernstein
64
AllianceBernstein
Tennessee
– -$107K -9,406 Closed
Citigroup
65
Citigroup
New York
– -$31.4K -2,700 -99%
FHA
66
First Horizon Advisors
Tennessee
– -$13K -1,147 Closed
SNT
67
Security National Trust
West Virginia
– -$10K -860 Closed
1 2
3

PMO Hedge Fund Activity: Q2 2014 in Review

63 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Franklin Municipal Opportunities Trust (PMO) for Q2 2014, worth a combined $86.3M — up 13% from $76.1M a quarter earlier.

Buyers outnumbered sellers: 5 funds opened new PMO positions and 4 closed out — a net gain of 1 holder — while 22 added to existing stakes and 12 trimmed.

The largest buyer was BNP Paribas Financial Markets, adding an estimated $3.26M. The largest seller was Invesco, cutting an estimated $539K.

  • 63 institutional investors held Franklin Municipal Opportunities Trust (PMO) as of Q2 2014, up from 62 in Q1 2014.
  • Funds reported $86.3M of Franklin Municipal Opportunities Trust stock for Q2 2014, up 13% quarter-over-quarter.
  • 5 funds opened new Franklin Municipal Opportunities Trust positions in Q2 2014 and 4 closed out, a net change of +1 holder.
  • The largest Franklin Municipal Opportunities Trust buyer in Q2 2014 was BNP Paribas Financial Markets, an estimated $3.26M added.
  • The largest Franklin Municipal Opportunities Trust seller in Q2 2014 was Invesco, an estimated $539K sold.

Based on aggregated 13F filings for Q2 2014.