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PMO

Franklin Municipal Opportunities Trust
PMO

75 hedge funds and large institutions have $94.1M invested in Franklin Municipal Opportunities Trust in 2018 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 19 increasing their positions, 17 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

83% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 6

12% more repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 17

7% more funds holding

Funds holding: 70 → 75 (+5)

3% more capital invested

Capital invested by funds: $91.6M → $94.1M (+$2.5M)

0.99% more ownership

Funds ownership: 20.38% → 21.38% (+0.99%)

Holders
75
Holders Change
+5
Holders Change %
+7.14%
% of All Funds
1.71%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
11
Increased
19
Reduced
17
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
+$6.55M
2
PPA
Parametric Portfolio Associates
Washington
+$1.67M
3
DWM
Dakota Wealth Management
Florida
+$1.44M
4
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
+$1.04M
5
COLIM
City of London Investment Management
United Kingdom
+$1M

Top Sellers

Rank Fund Capital Flow
1
RCM
Robinson Capital Management
Michigan
-$7.05M
2
Bank of America
Bank of America
North Carolina
-$1.24M
3
SIA
Sit Investment Associates
Minnesota
-$407K
4
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
-$298K
5
ICM
Ionic Capital Management
New York
-$294K
Name Holding Trade Value Shares
Change 		Change in
Stake
FNFDCM
51
Folger Nolan Fleming Douglas Capital Management
District of Columbia
$140K – – –
LNWWM
52
Laird Norton Wetherby Wealth Management
California
$118K – – –
SIM
53
Sonora Investment Management
Arizona
$114K – – –
Northwestern Mutual Wealth Management
54
Northwestern Mutual Wealth Management
Wisconsin
$95K – – –
AG
55
Advisor Group
Arizona
$86K +$87.1K +7,500 New
TJHA
56
Thomas J. Herzfeld Advisors
Florida
$83K – – –
WAP
57
Wealthcare Advisory Partners
Pennsylvania
$72K – – –
TCM
58
Tradewinds Capital Management
Washington
$66K – – –
Bank of Montreal
59
Bank of Montreal
Ontario, Canada
$65K – – –
GWM
60
Geneos Wealth Management
Colorado
$62K – – –
Fifth Third Bancorp
61
Fifth Third Bancorp
Ohio
$53K – – –
US Bancorp
62
US Bancorp
Minnesota
$52K – – –
1CP
63
1607 Capital Partners
Virginia
$50K +$51.1K +4,400 New
RCAG
64
Rehmann Capital Advisory Group
Michigan
$47.9K – – –
RCM
65
Robinson Capital Management
Michigan
$43K -$7.05M -607,535 -99%
PFSC
66
Peoples Financial Services Corp
Pennsylvania
$20K – – –
Carson Wealth (CWM LLC)
67
Carson Wealth (CWM LLC)
Nebraska
$17K +$17.8K +1,530 New
SWMG
68
Signature Wealth Management Group
Georgia
$9K – – –
PCG
69
Private Capital Group
Connecticut
$8K – – –
Citigroup
70
Citigroup
New York
$5K – – –
IA
71
IFP Advisors
Florida
$4K -$49K -4,220 -92%
CFA
72
Carroll Financial Associates
North Carolina
$3K – – –
FIA
73
FNY Investment Advisers
New York
$3K – – –
FHB
74
First Hawaiian Bank
Hawaii
$2K +$2.44K +210 New
Cambridge Investment Research Advisors
75
Cambridge Investment Research Advisors
Iowa
– -$298K -25,502 Closed
1 2
3
4

PMO Hedge Fund Activity: Q3 2018 in Review

75 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Franklin Municipal Opportunities Trust (PMO) for Q3 2018, worth a combined $94.1M — up 2.7% from $91.6M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new PMO positions and 6 closed out — a net gain of 5 holders — while 19 added to existing stakes and 17 trimmed.

The largest buyer was Wells Fargo, adding an estimated $6.55M. The largest seller was Robinson Capital Management, cutting an estimated $7.05M.

  • 75 institutional investors held Franklin Municipal Opportunities Trust (PMO) as of Q3 2018, up from 70 in Q2 2018.
  • Funds reported $94.1M of Franklin Municipal Opportunities Trust stock for Q3 2018, up 2.7% quarter-over-quarter.
  • 11 funds opened new Franklin Municipal Opportunities Trust positions in Q3 2018 and 6 closed out, a net change of +5 holders.
  • The largest Franklin Municipal Opportunities Trust buyer in Q3 2018 was Wells Fargo, an estimated $6.55M added.
  • The largest Franklin Municipal Opportunities Trust seller in Q3 2018 was Robinson Capital Management, an estimated $7.05M sold.

Based on aggregated 13F filings for Q3 2018.