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PMO

Franklin Municipal Opportunities Trust
PMO

74 hedge funds and large institutions have $58.7M invested in Franklin Municipal Opportunities Trust in 2020 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 19 increasing their positions, 24 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

120% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 5

4% more funds holding

Funds holding: 71 → 74 (+3)

4.67% less ownership

Funds ownership: 19.01% → 14.34% (-4.7%)

21% less repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 24

32% less capital invested

Capital invested by funds: $86.3M → $58.7M (-$27.6M)

Holders
74
Holders Change
+3
Holders Change %
+4.23%
% of All Funds
1.63%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
11
Increased
19
Reduced
24
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Rockefeller Capital Management
Rockefeller Capital Management
New York
+$1.09M
2
UBS Group
UBS Group
Switzerland
+$698K
3
Bank of America
Bank of America
North Carolina
+$569K
4
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
+$492K
5
Invesco
Invesco
Georgia
+$421K

Top Sellers

Rank Fund Capital Flow
1
MSL
Mackay Shields LLC
New York
-$12.7M
2
RCM
Rivernorth Capital Management
Florida
-$6.67M
3
PPA
Parametric Portfolio Associates
Washington
-$2.87M
4
Morgan Stanley
Morgan Stanley
New York
-$1.01M
5
LNC
Lincoln National Corp
Pennsylvania
-$707K
Name Holding Trade Value Shares
Change 		Change in
Stake
PWAC
51
Private Wealth Advisors (California)
California
$136K -$53.4K -4,131 -27%
CAN
52
Cetera Advisor Networks
California
$134K -$29.7K -2,300 -17%
AA
53
AQR Arbitrage
Connecticut
$128K +$139K +10,727 New
SIM
54
Sonora Investment Management
Arizona
$119K – – –
TCM
55
Tradewinds Capital Management
Washington
$69K – – –
Bank of Montreal
56
Bank of Montreal
Ontario, Canada
$64K +$60.7K +4,695 +523%
Fifth Third Bancorp
57
Fifth Third Bancorp
Ohio
$56K – – –
US Bancorp
58
US Bancorp
Minnesota
$54K – – –
HNB
59
Huntington National Bank
Ohio
$49K – – –
BFEC
60
Benjamin F. Edwards & Company
Missouri
$41K +$9.44K +730 +27%
APA
61
American Portfolios Advisors
New York
$36.4K +$39.4K +3,051 New
PNC Financial Services Group
62
PNC Financial Services Group
Pennsylvania
$33K +$194 +15 +0.5%
Carson Wealth (CWM LLC)
63
Carson Wealth (CWM LLC)
Nebraska
$31K – – –
FIA
64
FNY Investment Advisers
New York
$23K +$18.8K +1,454 +266%
GWM
65
Geneos Wealth Management
Colorado
$20K -$49.1K -3,800 -69%
SPIA
66
Steward Partners Investment Advisory
New York
$17K +$103 +8 +0.5%
AIM
67
Anchor Investment Management
South Carolina
$11.9K +$12.9K +1,000 New
WAM
68
Wolverine Asset Management
Illinois
$11K +$12.9K +1,000 New
BWL
69
Bogart Wealth LLC
Virginia
$9K – – –
CAN
70
Claraphi Advisory Network
United States
$6K +$6.48K +501 New
Citigroup
71
Citigroup
New York
$5K – – –
CFA
72
Carroll Financial Associates
North Carolina
$3K – – –
WCG
73
Weaver Consulting Group
California
$1K – – –
AIC
74
Ameritas Investment Company
Nebraska
$1K +$1.03K +80 New
DWM
75
Darwin Wealth Management
Florida
$1K +$1.29K +100 New
1 2
3
4

PMO Hedge Fund Activity: Q1 2020 in Review

74 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Franklin Municipal Opportunities Trust (PMO) for Q1 2020, worth a combined $58.7M — down 32% from $86.3M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new PMO positions and 5 closed out — a net gain of 6 holders — while 19 added to existing stakes and 24 trimmed.

The largest buyer was Rockefeller Capital Management, opening a new position worth an estimated $1.09M. The largest seller was Mackay Shields LLC, cutting an estimated $12.7M.

  • 74 institutional investors held Franklin Municipal Opportunities Trust (PMO) as of Q1 2020, up from 71 in Q4 2019.
  • Funds reported $58.7M of Franklin Municipal Opportunities Trust stock for Q1 2020, down 32% quarter-over-quarter.
  • 11 funds opened new Franklin Municipal Opportunities Trust positions in Q1 2020 and 5 closed out, a net change of +6 holders.
  • The largest Franklin Municipal Opportunities Trust buyer in Q1 2020 was Rockefeller Capital Management, an estimated $1.09M added.
  • The largest Franklin Municipal Opportunities Trust seller in Q1 2020 was Mackay Shields LLC, an estimated $12.7M sold.

Based on aggregated 13F filings for Q1 2020.