Franklin Municipal Opportunities Trust
PMO
74 hedge funds and large institutions have $58.7M invested in Franklin Municipal Opportunities Trust in 2020 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 19 increasing their positions, 24 reducing their positions, and 5 closing their positions.
120% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 5
4% more funds holding
Funds holding: 71 → 74 (+3)
4.67% less ownership
Funds ownership: 19.01% → 14.34% (-4.7%)
21% less repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 24
32% less capital invested
Capital invested by funds: $86.3M → $58.7M (-$27.6M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Rockefeller Capital Management
New York
|
+$1.09M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$698K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$569K |
| 4 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$492K |
| 5 |
Invesco
Atlanta,
Georgia
|
+$421K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MSL
Mackay Shields LLC
New York
|
-$12.7M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$6.67M |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$2.87M |
| 4 |
Morgan Stanley
New York
|
-$1.01M |
| 5 |
LNC
Lincoln National Corp
Radnor,
Pennsylvania
|
-$707K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PPA
76
Parametric Portfolio Associates
Seattle,
Washington
| – | -$2.87M | -217,915 | Closed |
|
|
LNC
77
Lincoln National Corp
Radnor,
Pennsylvania
| – | -$707K | -53,771 | Closed |
|
78
Koshinski Asset Management
Decatur,
Illinois
| – | -$221K | -16,800 | Closed |
|
|
VCP
79
Verus Capital Partners
Scottsdale,
Arizona
| – | -$41K | -3,090 | Closed |
|
80
JP Morgan Chase
New York
| – | -$6K | -431 | Closed |
|
PMO Hedge Fund Activity: Q1 2020 in Review
74 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Franklin Municipal Opportunities Trust (PMO) for Q1 2020, worth a combined $58.7M — down 32% from $86.3M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new PMO positions and 5 closed out — a net gain of 6 holders — while 19 added to existing stakes and 24 trimmed.
The largest buyer was Rockefeller Capital Management, opening a new position worth an estimated $1.09M. The largest seller was Mackay Shields LLC, cutting an estimated $12.7M.
- 74 institutional investors held Franklin Municipal Opportunities Trust (PMO) as of Q1 2020, up from 71 in Q4 2019.
- Funds reported $58.7M of Franklin Municipal Opportunities Trust stock for Q1 2020, down 32% quarter-over-quarter.
- 11 funds opened new Franklin Municipal Opportunities Trust positions in Q1 2020 and 5 closed out, a net change of +6 holders.
- The largest Franklin Municipal Opportunities Trust buyer in Q1 2020 was Rockefeller Capital Management, an estimated $1.09M added.
- The largest Franklin Municipal Opportunities Trust seller in Q1 2020 was Mackay Shields LLC, an estimated $12.7M sold.
Based on aggregated 13F filings for Q1 2020.