Franklin Municipal Opportunities Trust
PMO
75 hedge funds and large institutions have $94.1M invested in Franklin Municipal Opportunities Trust in 2018 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 19 increasing their positions, 17 reducing their positions, and 6 closing their positions.
83% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 6
12% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 17
7% more funds holding
Funds holding: 70 → 75 (+5)
3% more capital invested
Capital invested by funds: $91.6M → $94.1M (+$2.5M)
0.99% more ownership
Funds ownership: 20.38% → 21.38% (+0.99%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$6.55M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$1.67M |
| 3 |
DWM
Dakota Wealth Management
Palm Beach Gardens,
Florida
|
+$1.44M |
| 4 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$1.04M |
| 5 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$7.05M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$1.24M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$407K |
| 4 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$298K |
| 5 |
ICM
Ionic Capital Management
New York
|
-$294K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ICM
76
Ionic Capital Management
New York
| – | -$294K | -25,188 | Closed |
|
|
DA
77
Doliver Advisors
Houston,
Texas
| – | -$135K | -11,586 | Closed |
|
78
SEI Investments
Oaks,
Pennsylvania
| – | -$107K | -9,147 | Closed |
|
79
JP Morgan Chase
New York
| – | -$14K | -1,200 | Closed |
|
|
CFD
80
Creative Financial Designs
Kokomo,
Indiana
| – | -$2K | -156 | Closed |
|
|
SWP
81
Stratos Wealth Partners
Beachwood,
Ohio
| – | +$35 | +3 | New |
|
PMO Hedge Fund Activity: Q3 2018 in Review
75 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Franklin Municipal Opportunities Trust (PMO) for Q3 2018, worth a combined $94.1M — up 2.7% from $91.6M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new PMO positions and 6 closed out — a net gain of 5 holders — while 19 added to existing stakes and 17 trimmed.
The largest buyer was Wells Fargo, adding an estimated $6.55M. The largest seller was Robinson Capital Management, cutting an estimated $7.05M.
- 75 institutional investors held Franklin Municipal Opportunities Trust (PMO) as of Q3 2018, up from 70 in Q2 2018.
- Funds reported $94.1M of Franklin Municipal Opportunities Trust stock for Q3 2018, up 2.7% quarter-over-quarter.
- 11 funds opened new Franklin Municipal Opportunities Trust positions in Q3 2018 and 6 closed out, a net change of +5 holders.
- The largest Franklin Municipal Opportunities Trust buyer in Q3 2018 was Wells Fargo, an estimated $6.55M added.
- The largest Franklin Municipal Opportunities Trust seller in Q3 2018 was Robinson Capital Management, an estimated $7.05M sold.
Based on aggregated 13F filings for Q3 2018.