Franklin Municipal Opportunities Trust
PMO
70 hedge funds and large institutions have $91.6M invested in Franklin Municipal Opportunities Trust in 2018 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 19 increasing their positions, 17 reducing their positions, and 7 closing their positions.
21% more capital invested
Capital invested by funds: $75.9M → $91.6M (+$15.7M)
12% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 17
3.33% more ownership
Funds ownership: 17.06% → 20.38% (+3.3%)
0% more funds holding
Funds holding: 70 → 70 (0)
0% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$14.5M |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$930K |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$804K |
| 4 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$580K |
| 5 |
HFS
HL Financial Services
Louisville,
Kentucky
|
+$525K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$1.85M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$899K |
| 3 |
Wells Fargo
San Francisco,
California
|
-$491K |
| 4 |
Morgan Stanley
New York
|
-$323K |
| 5 |
FAAS
First Allied Advisory Services
San Diego,
California
|
-$204K |
PMO Hedge Fund Activity: Q2 2018 in Review
70 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Franklin Municipal Opportunities Trust (PMO) for Q2 2018, worth a combined $91.6M — up 21% from $75.9M a quarter earlier.
Fund positioning in PMO was balanced in Q2 2018: 7 funds opened new positions, 7 closed out, 19 added to existing stakes and 17 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $14.5M. The largest seller was Sit Investment Associates, cutting an estimated $1.85M.
- 70 institutional investors held Franklin Municipal Opportunities Trust (PMO) as of Q2 2018, unchanged from Q1 2018.
- Funds reported $91.6M of Franklin Municipal Opportunities Trust stock for Q2 2018, up 21% quarter-over-quarter.
- 7 funds opened new Franklin Municipal Opportunities Trust positions in Q2 2018 and 7 closed out, a net change of 0 holders.
- The largest Franklin Municipal Opportunities Trust buyer in Q2 2018 was Karpus Investment Management, an estimated $14.5M added.
- The largest Franklin Municipal Opportunities Trust seller in Q2 2018 was Sit Investment Associates, an estimated $1.85M sold.
Based on aggregated 13F filings for Q2 2018.