Franklin Municipal Opportunities Trust
PMO
53 hedge funds and large institutions have $71M invested in Franklin Municipal Opportunities Trust in 2016 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 18 increasing their positions, 14 reducing their positions, and 4 closing their positions.
29% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 14
9% more capital invested
Capital invested by funds: $64.8M → $71M (+$6.13M)
1.17% more ownership
Funds ownership: 11.74% → 12.91% (+1.2%)
0% more funds holding
Funds holding: 53 → 53 (0)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$2.3M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.52M |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$1.39M |
| 4 |
MSL
Mackay Shields LLC
New York
|
+$1.27M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$636K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$840K |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$696K |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$664K |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$626K |
| 5 |
OC
Oppenheimer & Co
New York
|
-$301K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MA
51
MUFG Americas
New York
| $25K | – | – | – |
|
|
PFSC
52
Peoples Financial Services Corp
Dunmore,
Pennsylvania
| $23K | – | – | – |
|
|
RAM
53
Riggs Asset Management
Dallas,
Pennsylvania
| $20K | – | – | – |
|
|
OC
54
Oppenheimer & Co
New York
| – | -$301K | -22,500 | Closed |
|
|
SI
55
SII Investments
Appleton,
Wisconsin
| – | -$140K | -10,547 | Closed |
|
56
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$112K | -8,403 | Closed |
|
|
TRCT
57
Tower Research Capital (TRC)
New York
| – | -$1K | -100 | Closed |
|
PMO Hedge Fund Activity: Q3 2016 in Review
53 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Franklin Municipal Opportunities Trust (PMO) for Q3 2016, worth a combined $71M — up 9.5% from $64.8M a quarter earlier.
Fund positioning in PMO was balanced in Q3 2016: 4 funds opened new positions, 4 closed out, 18 added to existing stakes and 14 trimmed.
The largest buyer was Sit Investment Associates, adding an estimated $2.3M. The largest seller was Karpus Investment Management, cutting an estimated $840K.
- 53 institutional investors held Franklin Municipal Opportunities Trust (PMO) as of Q3 2016, unchanged from Q2 2016.
- Funds reported $71M of Franklin Municipal Opportunities Trust stock for Q3 2016, up 9.5% quarter-over-quarter.
- 4 funds opened new Franklin Municipal Opportunities Trust positions in Q3 2016 and 4 closed out, a net change of 0 holders.
- The largest Franklin Municipal Opportunities Trust buyer in Q3 2016 was Sit Investment Associates, an estimated $2.3M added.
- The largest Franklin Municipal Opportunities Trust seller in Q3 2016 was Karpus Investment Management, an estimated $840K sold.
Based on aggregated 13F filings for Q3 2016.