Franklin Municipal Opportunities Trust
PMO
98 hedge funds and large institutions have $74.2M invested in Franklin Municipal Opportunities Trust in 2024 Q3 according to their latest regulatory filings, with 20 funds opening new positions, 24 increasing their positions, 27 reducing their positions, and 8 closing their positions.
150% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 8
16% more capital invested
Capital invested by funds: $64.1M → $74.2M (+$10.2M)
13% more funds holding
Funds holding: 87 → 98 (+11)
1.84% more ownership
Funds ownership: 19.57% → 21.41% (+1.8%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
11% less repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 27
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Pathstone Holdings
Englewood,
New Jersey
|
+$3.75M |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$2.47M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$2.19M |
| 4 |
MC
Matisse Capital
Portland,
Oregon
|
+$1.99M |
| 5 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$1.63M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$7.23M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
-$965K |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$724K |
| 4 |
SCM
Saba Capital Management
New York
|
-$464K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$422K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
RCM
101
Robinson Capital Management
Grosse Pointe Farms,
Michigan
| – | -$7.23M | -708,829 | Closed |
|
|
SCM
102
Saba Capital Management
New York
| – | -$464K | -45,223 | Closed |
|
|
BW
103
Bison Wealth
Atlanta,
Georgia
| – | -$344K | -33,889 | Closed |
|
|
IA
104
IFP Advisors
Tampa,
Florida
| – | -$281K | -27,388 | Closed |
|
105
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$262K | -25,514 | Closed |
|
|
SIMG
106
Sonora Investment Management Group
Tucson,
Arizona
| – | -$102K | -10,000 | Closed |
|
|
MPWT
107
MassMutual Private Wealth & Trust
Windsor,
Connecticut
| – | -$10.3K | -1,000 | Closed |
|
|
LWANC
108
Laurel Wealth Advisors (North Carolina)
Charlotte,
North Carolina
| – | -$2.83K | -276 | Closed |
|
PMO Hedge Fund Activity: Q3 2024 in Review
98 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Franklin Municipal Opportunities Trust (PMO) for Q3 2024, worth a combined $74.2M — up 16% from $64.1M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new PMO positions and 8 closed out — a net gain of 12 holders — while 24 added to existing stakes and 27 trimmed.
The largest buyer was Pathstone Holdings, opening a new position worth an estimated $3.75M. The largest seller was Robinson Capital Management, exiting entirely with an estimated $7.23M sold.
- 98 institutional investors held Franklin Municipal Opportunities Trust (PMO) as of Q3 2024, up from 87 in Q2 2024.
- Funds reported $74.2M of Franklin Municipal Opportunities Trust stock for Q3 2024, up 16% quarter-over-quarter.
- 20 funds opened new Franklin Municipal Opportunities Trust positions in Q3 2024 and 8 closed out, a net change of +12 holders.
- The largest Franklin Municipal Opportunities Trust buyer in Q3 2024 was Pathstone Holdings, an estimated $3.75M added.
- The largest Franklin Municipal Opportunities Trust seller in Q3 2024 was Robinson Capital Management, an estimated $7.23M sold.
Based on aggregated 13F filings for Q3 2024.