Franklin Municipal Opportunities Trust
PMO
56 hedge funds and large institutions have $80.7M invested in Franklin Municipal Opportunities Trust in 2016 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 16 increasing their positions, 14 reducing their positions, and 8 closing their positions.
25% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 8
14% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 14
4% more funds holding
Funds holding: 54 → 56 (+2)
1.68% less ownership
Funds ownership: 17.1% → 15.42% (-1.7%)
7% less capital invested
Capital invested by funds: $86.5M → $80.7M (-$5.85M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$2.12M |
| 2 |
MSL
Mackay Shields LLC
New York
|
+$893K |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$884K |
| 4 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$437K |
| 5 |
VanEck Associates
New York
|
+$326K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$9.87M |
| 2 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$2.58M |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$636K |
| 4 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$400K |
| 5 |
Morgan Stanley
New York
|
-$246K |
PMO Hedge Fund Activity: Q1 2016 in Review
56 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Franklin Municipal Opportunities Trust (PMO) for Q1 2016, worth a combined $80.7M — down 6.8% from $86.5M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new PMO positions and 8 closed out — a net gain of 2 holders — while 16 added to existing stakes and 14 trimmed.
The largest buyer was Robinson Capital Management, adding an estimated $2.12M. The largest seller was Karpus Investment Management, cutting an estimated $9.87M.
- 56 institutional investors held Franklin Municipal Opportunities Trust (PMO) as of Q1 2016, up from 54 in Q4 2015.
- Funds reported $80.7M of Franklin Municipal Opportunities Trust stock for Q1 2016, down 6.8% quarter-over-quarter.
- 10 funds opened new Franklin Municipal Opportunities Trust positions in Q1 2016 and 8 closed out, a net change of +2 holders.
- The largest Franklin Municipal Opportunities Trust buyer in Q1 2016 was Robinson Capital Management, an estimated $2.12M added.
- The largest Franklin Municipal Opportunities Trust seller in Q1 2016 was Karpus Investment Management, an estimated $9.87M sold.
Based on aggregated 13F filings for Q1 2016.