Franklin Municipal Opportunities Trust
PMO
71 hedge funds and large institutions have $86.3M invested in Franklin Municipal Opportunities Trust in 2019 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 26 increasing their positions, 11 reducing their positions, and 6 closing their positions.
136% more repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 11
33% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 6
22% more capital invested
Capital invested by funds: $71M → $86.3M (+$15.3M)
0% more funds holding
Funds holding: 71 → 71 (0)
1.02% less ownership
Funds ownership: 20.03% → 19.01% (-1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$381K |
| 2 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$319K |
| 3 |
AWS
AJ Wealth Strategies
New York
|
+$294K |
| 4 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$278K |
| 5 |
Invesco
Atlanta,
Georgia
|
+$240K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.28M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$1.68M |
| 3 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$1.13M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$919K |
| 5 |
LNC
Lincoln National Corp
Radnor,
Pennsylvania
|
-$851K |
PMO Hedge Fund Activity: Q4 2019 in Review
71 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Franklin Municipal Opportunities Trust (PMO) for Q4 2019, worth a combined $86.3M — up 22% from $71M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new PMO positions and 6 closed out — a net gain of 2 holders — while 26 added to existing stakes and 11 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $381K. The largest seller was Rivernorth Capital Management, cutting an estimated $2.28M.
- 71 institutional investors held Franklin Municipal Opportunities Trust (PMO) as of Q4 2019, unchanged from Q3 2019.
- Funds reported $86.3M of Franklin Municipal Opportunities Trust stock for Q4 2019, up 22% quarter-over-quarter.
- 8 funds opened new Franklin Municipal Opportunities Trust positions in Q4 2019 and 6 closed out, a net change of +2 holders.
- The largest Franklin Municipal Opportunities Trust buyer in Q4 2019 was Morgan Stanley, an estimated $381K added.
- The largest Franklin Municipal Opportunities Trust seller in Q4 2019 was Rivernorth Capital Management, an estimated $2.28M sold.
Based on aggregated 13F filings for Q4 2019.