Franklin Municipal Opportunities Trust
PMO
59 hedge funds and large institutions have $67.5M invested in Franklin Municipal Opportunities Trust in 2016 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 16 increasing their positions, 15 reducing their positions, and 3 closing their positions.
233% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 3
11% more funds holding
Funds holding: 53 → 59 (+6)
7% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 15
0.77% more ownership
Funds ownership: 12.91% → 13.68% (+0.77%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
5% less capital invested
Capital invested by funds: $71M → $67.5M (-$3.49M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$1.67M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$1.4M |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$1.27M |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.15M |
| 5 |
Invesco
Atlanta,
Georgia
|
+$948K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NVIM
New Vernon Investment Management
Highland Park,
Illinois
|
-$3.6M |
| 2 |
BAM
Brave Asset Management
Summit,
New Jersey
|
-$817K |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$616K |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$470K |
| 5 |
VanEck Associates
New York
|
-$460K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $34K | -$29.6K | -2,414 | -46% |
|
52
Fifth Third Bancorp
Cincinnati,
Ohio
| $30K | – | – | – |
|
|
WAM
53
Wealthspire Advisors (Maryland)
Potomac,
Maryland
| $25K | – | – | – |
|
|
PCP
54
Proficio Capital Partners
Newton,
Massachusetts
| $24K | – | – | – |
|
|
MA
55
MUFG Americas
New York
| $23K | – | – | – |
|
|
PFSC
56
Peoples Financial Services Corp
Dunmore,
Pennsylvania
| $23K | – | – | – |
|
|
RAM
57
Riggs Asset Management
Dallas,
Pennsylvania
| $18K | – | – | – |
|
|
WA
58
WFG Advisors
Dallas,
Texas
| $6K | +$6.19K | +504 | New |
|
|
CFA
59
Carroll Financial Associates
Charlotte,
North Carolina
| $3K | +$4.09K | +333 | New |
|
|
PA
60
Parallel Advisors
San Francisco,
California
| $1K | +$700 | +57 | New |
|
|
NVIM
61
New Vernon Investment Management
Highland Park,
Illinois
| – | -$3.6M | -269,948 | Closed |
|
|
CWM
62
Concert Wealth Management
San Jose,
California
| – | -$187K | -14,059 | Closed |
|
PMO Hedge Fund Activity: Q4 2016 in Review
59 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Franklin Municipal Opportunities Trust (PMO) for Q4 2016, worth a combined $67.5M — down 4.9% from $71M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new PMO positions and 3 closed out — a net gain of 7 holders — while 16 added to existing stakes and 15 trimmed.
The largest buyer was Fiera Capital (Canada), adding an estimated $1.67M. The largest seller was New Vernon Investment Management, exiting entirely with an estimated $3.6M sold.
- 59 institutional investors held Franklin Municipal Opportunities Trust (PMO) as of Q4 2016, up from 53 in Q3 2016.
- Funds reported $67.5M of Franklin Municipal Opportunities Trust stock for Q4 2016, down 4.9% quarter-over-quarter.
- 10 funds opened new Franklin Municipal Opportunities Trust positions in Q4 2016 and 3 closed out, a net change of +7 holders.
- The largest Franklin Municipal Opportunities Trust buyer in Q4 2016 was Fiera Capital (Canada), an estimated $1.67M added.
- The largest Franklin Municipal Opportunities Trust seller in Q4 2016 was New Vernon Investment Management, an estimated $3.6M sold.
Based on aggregated 13F filings for Q4 2016.