Franklin Municipal Opportunities Trust
PMO
59 hedge funds and large institutions have $68.6M invested in Franklin Municipal Opportunities Trust in 2013 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 14 increasing their positions, 14 reducing their positions, and 9 closing their positions.
89% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 9
20% more capital invested
Capital invested by funds: $57.3M → $68.6M (+$11.3M)
11% more funds holding
Funds holding: 53 → 59 (+6)
3.19% more ownership
Funds ownership: 12.24% → 15.42% (+3.2%)
0% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$2.71M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$2.17M |
| 3 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
+$2.16M |
| 4 |
GEM
Global Endowment Management
Charlotte,
North Carolina
|
+$1.64M |
| 5 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$1.53M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FTCM
Fir Tree Capital Management
New York
|
-$2.08M |
| 2 |
Morgan Stanley
New York
|
-$1.12M |
| 3 |
1SB
1ST Source Bank
South Bend,
Indiana
|
-$758K |
| 4 |
FAAS
First Allied Advisory Services
San Diego,
California
|
-$563K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$425K |
PMO Hedge Fund Activity: Q4 2013 in Review
59 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Franklin Municipal Opportunities Trust (PMO) for Q4 2013, worth a combined $68.6M — up 20% from $57.3M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new PMO positions and 9 closed out — a net gain of 8 holders — while 14 added to existing stakes and 14 trimmed.
The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $2.71M. The largest seller was Fir Tree Capital Management, exiting entirely with an estimated $2.08M sold.
- 59 institutional investors held Franklin Municipal Opportunities Trust (PMO) as of Q4 2013, up from 53 in Q3 2013.
- Funds reported $68.6M of Franklin Municipal Opportunities Trust stock for Q4 2013, up 20% quarter-over-quarter.
- 17 funds opened new Franklin Municipal Opportunities Trust positions in Q4 2013 and 9 closed out, a net change of +8 holders.
- The largest Franklin Municipal Opportunities Trust buyer in Q4 2013 was Rivernorth Capital Management, an estimated $2.71M added.
- The largest Franklin Municipal Opportunities Trust seller in Q4 2013 was Fir Tree Capital Management, an estimated $2.08M sold.
Based on aggregated 13F filings for Q4 2013.