Franklin Municipal Opportunities Trust
PMO
71 hedge funds and large institutions have $49.7M invested in Franklin Municipal Opportunities Trust in 2023 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 15 increasing their positions, 25 reducing their positions, and 7 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
1.49% more ownership
Funds ownership: 14.41% → 15.9% (+1.5%)
0% more funds holding
Funds holding: 71 → 71 (0)
0% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 7
1% less capital invested
Capital invested by funds: $50.2M → $49.7M (-$468K)
40% less repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 25
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$6.33M |
| 2 |
AWAG
ARS Wealth Advisors Group
St. Petersburg,
Florida
|
+$703K |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$474K |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
+$454K |
| 5 |
VanEck Associates
New York
|
+$303K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
-$963K |
| 2 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$464K |
| 3 |
SMC
Smith, Moore & Co
Clayton,
Missouri
|
-$411K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$374K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$316K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CFB
76
Cullen/Frost Bankers
San Antonio,
Texas
| – | -$42.5K | -4,165 | Closed |
|
|
SWM
77
Spire Wealth Management
Mclean,
Virginia
| – | -$25.7K | -2,514 | Closed |
|
78
JP Morgan Chase
New York
| – | -$4.58K | -449 | Closed |
|
PMO Hedge Fund Activity: Q3 2023 in Review
71 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Franklin Municipal Opportunities Trust (PMO) for Q3 2023, worth a combined $49.7M — down 0.93% from $50.2M a quarter earlier.
Fund positioning in PMO was balanced in Q3 2023: 7 funds opened new positions, 7 closed out, 15 added to existing stakes and 25 trimmed.
The largest buyer was Robinson Capital Management, opening a new position worth an estimated $6.33M. The largest seller was Cohen & Steers, cutting an estimated $963K.
- 71 institutional investors held Franklin Municipal Opportunities Trust (PMO) as of Q3 2023, unchanged from Q2 2023.
- Funds reported $49.7M of Franklin Municipal Opportunities Trust stock for Q3 2023, down 0.93% quarter-over-quarter.
- 7 funds opened new Franklin Municipal Opportunities Trust positions in Q3 2023 and 7 closed out, a net change of 0 holders.
- The largest Franklin Municipal Opportunities Trust buyer in Q3 2023 was Robinson Capital Management, an estimated $6.33M added.
- The largest Franklin Municipal Opportunities Trust seller in Q3 2023 was Cohen & Steers, an estimated $963K sold.
Based on aggregated 13F filings for Q3 2023.