Franklin Municipal Opportunities Trust
PMO
79 hedge funds and large institutions have $94.9M invested in Franklin Municipal Opportunities Trust in 2018 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 22 increasing their positions, 20 reducing their positions, and 6 closing their positions.
67% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 6
10% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 20
5% more funds holding
Funds holding: 75 → 79 (+4)
0.82% more ownership
Funds ownership: 21.38% → 22.2% (+0.82%)
1% more capital invested
Capital invested by funds: $94.1M → $94.9M (+$730K)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$10.2M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$6.82M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$2.24M |
| 4 |
LNC
Lincoln National Corp
Radnor,
Pennsylvania
|
+$1.17M |
| 5 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
+$737K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$16.6M |
| 2 |
CWM
Cornerstone Wealth Management
St. Peters,
Missouri
|
-$1.56M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.26M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$945K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$792K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FIA
76
FNY Investment Advisers
New York
| $3K | – | – | – |
|
|
FHB
77
First Hawaiian Bank
Honolulu,
Hawaii
| $2K | – | – | – |
|
78
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| $1K | -$91.8K | -8,186 | -99% |
|
|
ASN
79
Advisory Services Network
Atlanta,
Georgia
| $1K | +$785 | +70 | New |
|
|
CWM
80
Cornerstone Wealth Management
St. Peters,
Missouri
| – | -$1.56M | -19,683 | Closed |
|
|
AWS
81
AJ Wealth Strategies
New York
| – | -$183K | -16,000 | Closed |
|
82
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$161K | -14,136 | Closed |
|
|
TSS
83
Two Sigma Securities
New York
| – | -$150K | -13,111 | Closed |
|
|
SWMG
84
Signature Wealth Management Group
Atlanta,
Georgia
| – | -$9K | -781 | Closed |
|
PMO Hedge Fund Activity: Q4 2018 in Review
79 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Franklin Municipal Opportunities Trust (PMO) for Q4 2018, worth a combined $94.9M — up 0.78% from $94.1M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new PMO positions and 6 closed out — a net gain of 4 holders — while 22 added to existing stakes and 20 trimmed.
The largest buyer was Robinson Capital Management, adding an estimated $10.2M. The largest seller was Karpus Investment Management, cutting an estimated $16.6M.
- 79 institutional investors held Franklin Municipal Opportunities Trust (PMO) as of Q4 2018, up from 75 in Q3 2018.
- Funds reported $94.9M of Franklin Municipal Opportunities Trust stock for Q4 2018, up 0.78% quarter-over-quarter.
- 10 funds opened new Franklin Municipal Opportunities Trust positions in Q4 2018 and 6 closed out, a net change of +4 holders.
- The largest Franklin Municipal Opportunities Trust buyer in Q4 2018 was Robinson Capital Management, an estimated $10.2M added.
- The largest Franklin Municipal Opportunities Trust seller in Q4 2018 was Karpus Investment Management, an estimated $16.6M sold.
Based on aggregated 13F filings for Q4 2018.