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PMO

Franklin Municipal Opportunities Trust
PMO

70 hedge funds and large institutions have $91.6M invested in Franklin Municipal Opportunities Trust in 2018 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 19 increasing their positions, 17 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

21% more capital invested

Capital invested by funds: $75.9M → $91.6M (+$15.7M)

12% more repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 17

3.33% more ownership

Funds ownership: 17.06% → 20.38% (+3.3%)

0% more funds holding

Funds holding: 70 → 70 (0)

0% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 7

Holders
70
Holders Change
–
Holders Change %
0%
% of All Funds
1.6%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
7
Increased
19
Reduced
17
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$14.5M
2
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
+$930K
3
PPA
Parametric Portfolio Associates
Washington
+$804K
4
RCM
Robinson Capital Management
Michigan
+$580K
5
HFS
HL Financial Services
Kentucky
+$525K

Top Sellers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
-$1.85M
2
AAM
Advisors Asset Management
Colorado
-$899K
3
Wells Fargo
Wells Fargo
California
-$491K
4
Morgan Stanley
Morgan Stanley
New York
-$323K
5
FAAS
First Allied Advisory Services
California
-$204K
Name Holding Trade Value Shares
Change 		Change in
Stake
SEI Investments
51
SEI Investments
Pennsylvania
$107K – – –
Northwestern Mutual Wealth Management
52
Northwestern Mutual Wealth Management
Wisconsin
$97K – – –
TJHA
53
Thomas J. Herzfeld Advisors
Florida
$85K – – –
WAP
54
Wealthcare Advisory Partners
Pennsylvania
$74K +$73.3K +6,300 New
TCM
55
Tradewinds Capital Management
Washington
$68K +$67.5K +5,796 New
Bank of Montreal
56
Bank of Montreal
Ontario, Canada
$67K – – –
GWM
57
Geneos Wealth Management
Colorado
$64K – – –
Fifth Third Bancorp
58
Fifth Third Bancorp
Ohio
$55K – – –
IA
59
IFP Advisors
Florida
$53K – – –
US Bancorp
60
US Bancorp
Minnesota
$53K – – –
RCAG
61
Rehmann Capital Advisory Group
Michigan
$49K – – –
PNC Financial Services Group
62
PNC Financial Services Group
Pennsylvania
$31K -$2.06K -177 -6%
PFSC
63
Peoples Financial Services Corp
Pennsylvania
$20K – – –
JP Morgan Chase
64
JP Morgan Chase
New York
$14K – – –
SWMG
65
Signature Wealth Management Group
Georgia
$9K – – –
PCG
66
Private Capital Group
Connecticut
$8K – – –
Citigroup
67
Citigroup
New York
$5K – – –
CFA
68
Carroll Financial Associates
North Carolina
$3K – – –
FIA
69
FNY Investment Advisers
New York
$3K +$3.14K +270 New
CFD
70
Creative Financial Designs
Indiana
$2K +$23 +2 +1%
CRC
71
Curi RMB Capital
Illinois
– -$172K -14,743 Closed
DWM
72
Dakota Wealth Management
Florida
– -$150K -12,900 Closed
Millennium Management
73
Millennium Management
New York
– -$122K -10,497 Closed
Susquehanna International Group
74
Susquehanna International Group
Pennsylvania
– -$121K -10,362 Closed
OIA
75
Optimum Investment Advisors
Illinois
– -$31K -2,688 Closed
1 2
3
4

PMO Hedge Fund Activity: Q2 2018 in Review

70 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Franklin Municipal Opportunities Trust (PMO) for Q2 2018, worth a combined $91.6M — up 21% from $75.9M a quarter earlier.

Fund positioning in PMO was balanced in Q2 2018: 7 funds opened new positions, 7 closed out, 19 added to existing stakes and 17 trimmed.

The largest buyer was Karpus Investment Management, adding an estimated $14.5M. The largest seller was Sit Investment Associates, cutting an estimated $1.85M.

  • 70 institutional investors held Franklin Municipal Opportunities Trust (PMO) as of Q2 2018, unchanged from Q1 2018.
  • Funds reported $91.6M of Franklin Municipal Opportunities Trust stock for Q2 2018, up 21% quarter-over-quarter.
  • 7 funds opened new Franklin Municipal Opportunities Trust positions in Q2 2018 and 7 closed out, a net change of 0 holders.
  • The largest Franklin Municipal Opportunities Trust buyer in Q2 2018 was Karpus Investment Management, an estimated $14.5M added.
  • The largest Franklin Municipal Opportunities Trust seller in Q2 2018 was Sit Investment Associates, an estimated $1.85M sold.

Based on aggregated 13F filings for Q2 2018.