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PMO

Franklin Municipal Opportunities Trust
PMO

70 hedge funds and large institutions have $75.9M invested in Franklin Municipal Opportunities Trust in 2018 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 21 increasing their positions, 13 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

63% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 8

62% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 13

8% more funds holding

Funds holding: 65 → 70 (+5)

1.52% more ownership

Funds ownership: 15.54% → 17.06% (+1.5%)

4% more capital invested

Capital invested by funds: $73.3M → $75.9M (+$2.59M)

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
70
Holders Change
+5
Holders Change %
+7.69%
% of All Funds
1.6%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
13
Increased
21
Reduced
13
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$4.03M
2
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
+$2.07M
3
IWA
IBEX Wealth Advisors
New Jersey
+$856K
4
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
+$748K
5
LCM
Landscape Capital Management
New Jersey
+$629K

Top Sellers

Rank Fund Capital Flow
1
PPA
Parametric Portfolio Associates
Washington
-$1.21M
2
SIA
Sit Investment Associates
Minnesota
-$829K
3
Morgan Stanley
Morgan Stanley
New York
-$582K
4
AAM
Advisors Asset Management
Colorado
-$347K
5
RCM
Robinson Capital Management
Michigan
-$251K
Name Holding Trade Value Shares
Change 		Change in
Stake
SIM
51
Sonora Investment Management
Arizona
$117K – – –
SEI Investments
52
SEI Investments
Pennsylvania
$107K +$61.4K +5,147 +129%
Northwestern Mutual Wealth Management
53
Northwestern Mutual Wealth Management
Wisconsin
$97K – – –
TJHA
54
Thomas J. Herzfeld Advisors
Florida
$84K – – –
TCM
55
Tradewinds Capital Management
Washington
$68K -$69.2K -5,796 Closed
Bank of Montreal
56
Bank of Montreal
Ontario, Canada
$67K – – –
GWM
57
Geneos Wealth Management
Colorado
$64K – – –
IA
58
IFP Advisors
Florida
$56K – – –
Fifth Third Bancorp
59
Fifth Third Bancorp
Ohio
$54K +$25.4K +2,130 +84%
US Bancorp
60
US Bancorp
Minnesota
$53K – – –
RCAG
61
Rehmann Capital Advisory Group
Michigan
$49K +$50K +4,193 New
PNC Financial Services Group
62
PNC Financial Services Group
Pennsylvania
$33K +$48 +4 +0.1%
OIA
63
Optimum Investment Advisors
Illinois
$31K +$32.1K +2,688 New
KF
64
Krilogy Financial
Missouri
$22K – – –
LNB
65
Ledyard National Bank
$22K – – –
PFSC
66
Peoples Financial Services Corp
Pennsylvania
$20K – – –
JP Morgan Chase
67
JP Morgan Chase
New York
$14K – – –
GBBWRPM
68
Genovese Burford & Brothers Wealth & Retirement Plan Management
California
$13K +$13.1K +1,100 New
SWMG
69
Signature Wealth Management Group
Georgia
$9K – – –
PCG
70
Private Capital Group
Connecticut
$9K +$8.71K +730 New
Citigroup
71
Citigroup
New York
$5K – – –
CFA
72
Carroll Financial Associates
North Carolina
$3K – – –
CFD
73
Creative Financial Designs
Indiana
$2K +$24 +2 +1%
LCM
74
Laurion Capital Management
New York
– -$202K -16,368 Closed
NL
75
NWAM LLC
Washington
– -$163K -13,172 Closed
1 2
3
4

PMO Hedge Fund Activity: Q1 2018 in Review

70 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Franklin Municipal Opportunities Trust (PMO) for Q1 2018, worth a combined $75.9M — up 3.5% from $73.3M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new PMO positions and 8 closed out — a net gain of 5 holders — while 21 added to existing stakes and 13 trimmed.

The largest buyer was Karpus Investment Management, opening a new position worth an estimated $4.03M. The largest seller was Parametric Portfolio Associates, cutting an estimated $1.21M.

  • 70 institutional investors held Franklin Municipal Opportunities Trust (PMO) as of Q1 2018, up from 65 in Q4 2017.
  • Funds reported $75.9M of Franklin Municipal Opportunities Trust stock for Q1 2018, up 3.5% quarter-over-quarter.
  • 13 funds opened new Franklin Municipal Opportunities Trust positions in Q1 2018 and 8 closed out, a net change of +5 holders.
  • The largest Franklin Municipal Opportunities Trust buyer in Q1 2018 was Karpus Investment Management, an estimated $4.03M added.
  • The largest Franklin Municipal Opportunities Trust seller in Q1 2018 was Parametric Portfolio Associates, an estimated $1.21M sold.

Based on aggregated 13F filings for Q1 2018.