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PMO

Franklin Municipal Opportunities Trust
PMO

58 hedge funds and large institutions have $86M invested in Franklin Municipal Opportunities Trust in 2014 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 17 increasing their positions, 13 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

31% more repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 13

0.01% more ownership

Funds ownership: 17.83% → 17.84% (+0.01%)

0% less capital invested

Capital invested by funds: $86.3M → $86M (-$334K)

8% less funds holding

Funds holding: 63 → 58 (-5)

50% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 8

Holders
58
Holders Change
-5
Holders Change %
-7.94%
% of All Funds
1.68%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
4
Increased
17
Reduced
13
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PPA
Parametric Portfolio Associates
Washington
+$1.56M
2
KIM
Karpus Investment Management
New York
+$764K
3
COLIM
City of London Investment Management
United Kingdom
+$685K
4
NES
New England Securities
New York
+$335K
5
AQR Capital Management
AQR Capital Management
Connecticut
+$315K

Top Sellers

Rank Fund Capital Flow
1
Invesco
Invesco
Georgia
-$1.66M
2
RCM
Robinson Capital Management
Michigan
-$510K
3
PIA
Peachtree Investment Advisors
Georgia
-$497K
4
GEM
Global Endowment Management
North Carolina
-$419K
5
DA
Doliver Advisors
Texas
-$355K
Name Holding Trade Value Shares
Change 		Change in
Stake
Fifth Third Bancorp
51
Fifth Third Bancorp
Ohio
$30K – – –
Northwestern Mutual Wealth Management
52
Northwestern Mutual Wealth Management
Wisconsin
$22K +$22.3K +1,913 New
PFSC
53
Peoples Financial Services Corp
Pennsylvania
$20K – – –
FCCM
54
First City Capital Management
Georgia
$12.2K – – –
LTFS
55
Ladenburg Thalmann Financial Services
Florida
$12K – – –
FAM
56
Formidable Asset Management
Ohio
$11K – – –
TJHA
57
Thomas J. Herzfeld Advisors
Florida
$9K – – –
1IC
58
1919 Investment Counsel
Maryland
$4K – – –
RCM
59
Robinson Capital Management
Michigan
– -$510K -44,177 Closed
VKH
60
Virtu KCG Holdings
New York
– -$154K -13,089 Closed
Cambridge Investment Research Advisors
61
Cambridge Investment Research Advisors
Iowa
– -$124K -10,520 Closed
PAG
62
Private Advisor Group
New Jersey
– -$118K -10,050 Closed
PFO
63
Pathstone Family Office
New Jersey
– -$31K -2,646 Closed
BRWA
64
B. Riley Wealth Advisors
Florida
– -$5.1K -434 Closed
TRCT
65
Tower Research Capital (TRC)
New York
– -$2K -155 Closed
1 2
3

PMO Hedge Fund Activity: Q3 2014 in Review

58 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in Franklin Municipal Opportunities Trust (PMO) for Q3 2014, worth a combined $86M — down 0.39% from $86.3M a quarter earlier.

Sellers outnumbered buyers: 8 funds closed out of PMO and 4 opened new positions — a net loss of 4 holders — while 13 trimmed existing stakes and 17 added.

The largest buyer was Parametric Portfolio Associates, adding an estimated $1.56M. The largest seller was Invesco, cutting an estimated $1.66M.

  • 58 institutional investors held Franklin Municipal Opportunities Trust (PMO) as of Q3 2014, down from 63 in Q2 2014.
  • Funds reported $86M of Franklin Municipal Opportunities Trust stock for Q3 2014, down 0.39% quarter-over-quarter.
  • 4 funds opened new Franklin Municipal Opportunities Trust positions in Q3 2014 and 8 closed out, a net change of -4 holders.
  • The largest Franklin Municipal Opportunities Trust buyer in Q3 2014 was Parametric Portfolio Associates, an estimated $1.56M added.
  • The largest Franklin Municipal Opportunities Trust seller in Q3 2014 was Invesco, an estimated $1.66M sold.

Based on aggregated 13F filings for Q3 2014.