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PMO

Franklin Municipal Opportunities Trust
PMO

71 hedge funds and large institutions have $76.4M invested in Franklin Municipal Opportunities Trust in 2019 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 21 increasing their positions, 17 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

24% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 17

1.05% less ownership

Funds ownership: 21.98% → 20.93% (-1%)

4% less funds holding

Funds holding: 74 → 71 (-3)

14% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 7

18% less capital invested

Capital invested by funds: $92.8M → $76.4M (-$16.4M)

Holders
71
Holders Change
-3
Holders Change %
-4.05%
% of All Funds
1.54%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
21
Reduced
17
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Baird Financial Group
Baird Financial Group
Wisconsin
+$833K
2
Northwestern Mutual Wealth Management
Northwestern Mutual Wealth Management
Wisconsin
+$803K
3
UBS Group
UBS Group
Switzerland
+$651K
4
SW
SVB Wealth
Massachusetts
+$359K
5
DADC
D.A. Davidson & Co
Montana
+$250K

Top Sellers

Rank Fund Capital Flow
1
PPA
Parametric Portfolio Associates
Washington
-$1.49M
2
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$1.43M
3
GC
Guggenheim Capital
Illinois
-$1.09M
4
RCM
Robinson Capital Management
Michigan
-$987K
5
KIM
Karpus Investment Management
New York
-$701K
Name Holding Trade Value Shares
Change 		Change in
Stake
BRWA
51
B. Riley Wealth Advisors
Florida
$149K +$146K +11,754 New
Citigroup
52
Citigroup
New York
$131K +$123K +9,936 +2,484%
SIM
53
Sonora Investment Management
Arizona
$127K – – –
WAP
54
Wealthcare Advisory Partners
Pennsylvania
$105K – – –
TCM
55
Tradewinds Capital Management
Washington
$73K -$72K -5,796 Closed
Bank of Montreal
56
Bank of Montreal
Ontario, Canada
$72K – – –
GWM
57
Geneos Wealth Management
Colorado
$69K – – –
Fifth Third Bancorp
58
Fifth Third Bancorp
Ohio
$59K – – –
US Bancorp
59
US Bancorp
Minnesota
$58K – – –
RCAG
60
Rehmann Capital Advisory Group
Michigan
$53.1K – – –
PNC Financial Services Group
61
PNC Financial Services Group
Pennsylvania
$33K +$199 +16 +0.6%
Carson Wealth (CWM LLC)
62
Carson Wealth (CWM LLC)
Nebraska
$31K – – –
PFSC
63
Peoples Financial Services Corp
Pennsylvania
$22K – – –
BFEC
64
Benjamin F. Edwards & Company
Missouri
$19K – – –
RCM
65
Rivernorth Capital Management
Florida
$15K – – –
PCG
66
Private Capital Group
Connecticut
$9K – – –
BWL
67
Bogart Wealth LLC
Virginia
$9K +$9.66K +778 New
SPIA
68
Steward Partners Investment Advisory
New York
$8K +$8.38K +675 New
FIA
69
FNY Investment Advisers
New York
$6K +$745 +60 +14%
CFA
70
Carroll Financial Associates
North Carolina
$4K – – –
MWM
71
Merriman Wealth Management
Washington
$1.66K -$11.7K -944 -7%
WCG
72
Weaver Consulting Group
California
$1K – – –
KIM
73
Karpus Investment Management
New York
– -$701K -56,883 Closed
DWM
74
Dakota Wealth Management
Florida
– -$602K -49,002 Closed
OC
75
Oppenheimer & Co
New York
– -$163K -13,300 Closed
1 2
3
4

PMO Hedge Fund Activity: Q2 2019 in Review

71 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Franklin Municipal Opportunities Trust (PMO) for Q2 2019, worth a combined $76.4M — down 18% from $92.8M a quarter earlier.

Sellers outnumbered buyers: 7 funds closed out of PMO and 6 opened new positions — a net loss of 1 holder — while 17 trimmed existing stakes and 21 added.

The largest buyer was Baird Financial Group, opening a new position worth an estimated $833K. The largest seller was Parametric Portfolio Associates, cutting an estimated $1.49M.

  • 71 institutional investors held Franklin Municipal Opportunities Trust (PMO) as of Q2 2019, down from 74 in Q1 2019.
  • Funds reported $76.4M of Franklin Municipal Opportunities Trust stock for Q2 2019, down 18% quarter-over-quarter.
  • 6 funds opened new Franklin Municipal Opportunities Trust positions in Q2 2019 and 7 closed out, a net change of -1 holder.
  • The largest Franklin Municipal Opportunities Trust buyer in Q2 2019 was Baird Financial Group, an estimated $833K added.
  • The largest Franklin Municipal Opportunities Trust seller in Q2 2019 was Parametric Portfolio Associates, an estimated $1.49M sold.

Based on aggregated 13F filings for Q2 2019.