Franklin Municipal Opportunities Trust
PMO
70 hedge funds and large institutions have $75.9M invested in Franklin Municipal Opportunities Trust in 2018 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 21 increasing their positions, 13 reducing their positions, and 8 closing their positions.
63% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 8
62% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 13
8% more funds holding
Funds holding: 65 → 70 (+5)
1.52% more ownership
Funds ownership: 15.54% → 17.06% (+1.5%)
4% more capital invested
Capital invested by funds: $73.3M → $75.9M (+$2.59M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$4.03M |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$2.07M |
| 3 |
IWA
IBEX Wealth Advisors
Bedminster,
New Jersey
|
+$856K |
| 4 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$748K |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$629K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$1.21M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$829K |
| 3 |
Morgan Stanley
New York
|
-$582K |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$347K |
| 5 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$251K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AGM
76
Alpine Global Management
New York
| – | -$152K | -12,298 | Closed |
|
77
Squarepoint
New York
| – | -$147K | -11,876 | Closed |
|
|
RAM
78
Riggs Asset Management
Dallas,
Pennsylvania
| – | -$19K | -1,500 | Closed |
|
|
MOS
79
MGO One Seven
Beachwood,
Ohio
| – | -$14K | -1,164 | Closed |
|
|
PCP
80
Proficio Capital Partners
Newton,
Massachusetts
| – | -$6K | -450 | Closed |
|
PMO Hedge Fund Activity: Q1 2018 in Review
70 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Franklin Municipal Opportunities Trust (PMO) for Q1 2018, worth a combined $75.9M — up 3.5% from $73.3M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new PMO positions and 8 closed out — a net gain of 5 holders — while 21 added to existing stakes and 13 trimmed.
The largest buyer was Karpus Investment Management, opening a new position worth an estimated $4.03M. The largest seller was Parametric Portfolio Associates, cutting an estimated $1.21M.
- 70 institutional investors held Franklin Municipal Opportunities Trust (PMO) as of Q1 2018, up from 65 in Q4 2017.
- Funds reported $75.9M of Franklin Municipal Opportunities Trust stock for Q1 2018, up 3.5% quarter-over-quarter.
- 13 funds opened new Franklin Municipal Opportunities Trust positions in Q1 2018 and 8 closed out, a net change of +5 holders.
- The largest Franklin Municipal Opportunities Trust buyer in Q1 2018 was Karpus Investment Management, an estimated $4.03M added.
- The largest Franklin Municipal Opportunities Trust seller in Q1 2018 was Parametric Portfolio Associates, an estimated $1.21M sold.
Based on aggregated 13F filings for Q1 2018.