Franklin Municipal Opportunities Trust
PMO
72 hedge funds and large institutions have $53.9M invested in Franklin Municipal Opportunities Trust in 2021 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 18 increasing their positions, 17 reducing their positions, and 7 closing their positions.
6% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 17
0.31% less ownership
Funds ownership: 11.85% → 11.54% (-0.31%)
3% less funds holding
Funds holding: 74 → 72 (-2)
6% less capital invested
Capital invested by funds: $57.2M → $53.9M (-$3.22M)
14% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BRWM
B. Riley Wealth Management
Memphis,
Tennessee
|
+$1.25M |
| 2 |
AP
Americana Partners
Houston,
Texas
|
+$338K |
| 3 |
AA
AlphaCentric Advisors
San Juan,
Puerto Rico
|
+$330K |
| 4 |
Invesco
Atlanta,
Georgia
|
+$294K |
| 5 |
OFG
OTA Financial Group
Purchase,
New York
|
+$210K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MSL
Mackay Shields LLC
New York
|
-$1.9M |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$1M |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
-$600K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$556K |
| 5 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$255K |
PMO Hedge Fund Activity: Q3 2021 in Review
72 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in Franklin Municipal Opportunities Trust (PMO) for Q3 2021, worth a combined $53.9M — down 5.6% from $57.2M 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 18 added.
The largest buyer was B. Riley Wealth Management, opening a new position worth an estimated $1.25M. The largest seller was Mackay Shields LLC, exiting entirely with an estimated $1.9M sold.
- 72 institutional investors held Franklin Municipal Opportunities Trust (PMO) as of Q3 2021, down from 74 in Q2 2021.
- Funds reported $53.9M of Franklin Municipal Opportunities Trust stock for Q3 2021, down 5.6% quarter-over-quarter.
- 6 funds opened new Franklin Municipal Opportunities Trust positions in Q3 2021 and 7 closed out, a net change of -1 holder.
- The largest Franklin Municipal Opportunities Trust buyer in Q3 2021 was B. Riley Wealth Management, an estimated $1.25M added.
- The largest Franklin Municipal Opportunities Trust seller in Q3 2021 was Mackay Shields LLC, an estimated $1.9M sold.
Based on aggregated 13F filings for Q3 2021.