Franklin Municipal Opportunities Trust
PMO
62 hedge funds and large institutions have $76.1M invested in Franklin Municipal Opportunities Trust in 2014 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 19 increasing their positions, 12 reducing their positions, and 7 closing their positions.
58% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 12
43% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 7
11% more capital invested
Capital invested by funds: $68.6M → $76.1M (+$7.5M)
5% more funds holding
Funds holding: 59 → 62 (+3)
0.83% more ownership
Funds ownership: 15.42% → 16.25% (+0.83%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OHA
Oak Hill Advisors
New York
|
+$2.9M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$2.13M |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$1.27M |
| 4 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$1.01M |
| 5 |
BNP Paribas Financial Markets
Paris,
France
|
+$676K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$2.63M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$783K |
| 3 |
Morgan Stanley
New York
|
-$679K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$631K |
| 5 |
1SB
1ST Source Bank
South Bend,
Indiana
|
-$571K |
PMO Hedge Fund Activity: Q1 2014 in Review
62 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Franklin Municipal Opportunities Trust (PMO) for Q1 2014, worth a combined $76.1M — up 11% from $68.6M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new PMO positions and 7 closed out — a net gain of 3 holders — while 19 added to existing stakes and 12 trimmed.
The largest buyer was Oak Hill Advisors, opening a new position worth an estimated $2.9M. The largest seller was Invesco, cutting an estimated $2.63M.
- 62 institutional investors held Franklin Municipal Opportunities Trust (PMO) as of Q1 2014, up from 59 in Q4 2013.
- Funds reported $76.1M of Franklin Municipal Opportunities Trust stock for Q1 2014, up 11% quarter-over-quarter.
- 10 funds opened new Franklin Municipal Opportunities Trust positions in Q1 2014 and 7 closed out, a net change of +3 holders.
- The largest Franklin Municipal Opportunities Trust buyer in Q1 2014 was Oak Hill Advisors, an estimated $2.9M added.
- The largest Franklin Municipal Opportunities Trust seller in Q1 2014 was Invesco, an estimated $2.63M sold.
Based on aggregated 13F filings for Q1 2014.