Franklin Municipal Opportunities Trust
PMO
55 hedge funds and large institutions have $88.3M invested in Franklin Municipal Opportunities Trust in 2015 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 10 increasing their positions, 20 reducing their positions, and 4 closing their positions.
50% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 4
4% more funds holding
Funds holding: 53 → 55 (+2)
3% less capital invested
Capital invested by funds: $90.9M → $88.3M (-$2.6M)
1.08% less ownership
Funds ownership: 19.01% → 17.93% (-1.1%)
50% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 20
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$519K |
| 2 |
SCA
Samson Capital Advisors
New York
|
+$477K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$436K |
| 4 |
1IA
1834 Investment Advisors
Milwaukee,
Wisconsin
|
+$268K |
| 5 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$239K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.71M |
| 2 |
GEM
Global Endowment Management
Charlotte,
North Carolina
|
-$1.53M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.43M |
| 4 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
-$1.04M |
| 5 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$632K |
PMO Hedge Fund Activity: Q3 2015 in Review
55 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Franklin Municipal Opportunities Trust (PMO) for Q3 2015, worth a combined $88.3M — down 2.9% from $90.9M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new PMO positions and 4 closed out — a net gain of 2 holders — while 10 added to existing stakes and 20 trimmed.
The largest buyer was Guggenheim Capital, adding an estimated $519K. The largest seller was Rivernorth Capital Management, cutting an estimated $1.71M.
- 55 institutional investors held Franklin Municipal Opportunities Trust (PMO) as of Q3 2015, up from 53 in Q2 2015.
- Funds reported $88.3M of Franklin Municipal Opportunities Trust stock for Q3 2015, down 2.9% quarter-over-quarter.
- 6 funds opened new Franklin Municipal Opportunities Trust positions in Q3 2015 and 4 closed out, a net change of +2 holders.
- The largest Franklin Municipal Opportunities Trust buyer in Q3 2015 was Guggenheim Capital, an estimated $519K added.
- The largest Franklin Municipal Opportunities Trust seller in Q3 2015 was Rivernorth Capital Management, an estimated $1.71M sold.
Based on aggregated 13F filings for Q3 2015.