Franklin Municipal Opportunities Trust
PMO
54 hedge funds and large institutions have $86.5M invested in Franklin Municipal Opportunities Trust in 2015 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 15 increasing their positions, 11 reducing their positions, and 9 closing their positions.
36% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 11
11% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 9
0.83% less ownership
Funds ownership: 17.93% → 17.1% (-0.83%)
2% less capital invested
Capital invested by funds: $88.3M → $86.5M (-$1.81M)
2% less funds holding
Funds holding: 55 → 54 (-1)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$3.51M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$884K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$693K |
| 4 |
LPL Financial
San Diego,
California
|
+$572K |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$396K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OHA
Oak Hill Advisors
New York
|
-$3.08M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.47M |
| 3 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$822K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$788K |
| 5 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
-$612K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
HA
51
Harfst & Associates
Sheridan,
Wyoming
| $12K | – | – | – |
|
|
AIG
52
American International Group
New York
| $12K | +$12K | +1,000 | New |
|
|
FAM
53
Formidable Asset Management
Cincinnati,
Ohio
| $11K | – | – | – |
|
|
DOA
54
D'Orazio & Associates
Falls Church,
Virginia
| $2K | +$1.8K | +150 | New |
|
|
OHA
55
Oak Hill Advisors
New York
| – | -$3.08M | -257,500 | Closed |
|
|
RCM
56
Rivernorth Capital Management
West Palm Beach,
Florida
| – | -$1.47M | -122,543 | Closed |
|
|
FIMG
57
Financial & Investment Management Group
Traverse City,
Michigan
| – | -$612K | -51,151 | Closed |
|
58
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | -$421K | -35,225 | Closed |
|
|
PIA
59
Peachtree Investment Advisors
Atlanta,
Georgia
| – | -$319K | -26,674 | Closed |
|
60
Invesco
Atlanta,
Georgia
| – | -$153K | -12,756 | Closed |
|
61
HighTower Advisors
Chicago,
Illinois
| – | -$147K | -12,247 | Closed |
|
|
FCCM
62
First City Capital Management
Savannah,
Georgia
| – | -$12.5K | -1,043 | Closed |
|
|
TRCT
63
Tower Research Capital (TRC)
New York
| – | -$7K | -600 | Closed |
|
PMO Hedge Fund Activity: Q4 2015 in Review
54 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in Franklin Municipal Opportunities Trust (PMO) for Q4 2015, worth a combined $86.5M — down 2% from $88.3M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new PMO positions and 9 closed out — a net gain of 1 holder — while 15 added to existing stakes and 11 trimmed.
The largest buyer was Fiera Capital (Canada), opening a new position worth an estimated $3.51M. The largest seller was Oak Hill Advisors, exiting entirely with an estimated $3.08M sold.
- 54 institutional investors held Franklin Municipal Opportunities Trust (PMO) as of Q4 2015, down from 55 in Q3 2015.
- Funds reported $86.5M of Franklin Municipal Opportunities Trust stock for Q4 2015, down 2% quarter-over-quarter.
- 10 funds opened new Franklin Municipal Opportunities Trust positions in Q4 2015 and 9 closed out, a net change of +1 holder.
- The largest Franklin Municipal Opportunities Trust buyer in Q4 2015 was Fiera Capital (Canada), an estimated $3.51M added.
- The largest Franklin Municipal Opportunities Trust seller in Q4 2015 was Oak Hill Advisors, an estimated $3.08M sold.
Based on aggregated 13F filings for Q4 2015.