Franklin Municipal Opportunities Trust
PMO
53 hedge funds and large institutions have $64.8M invested in Franklin Municipal Opportunities Trust in 2016 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 11 increasing their positions, 22 reducing their positions, and 7 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
3.68% less ownership
Funds ownership: 15.42% → 11.74% (-3.7%)
5% less funds holding
Funds holding: 56 → 53 (-3)
20% less capital invested
Capital invested by funds: $80.7M → $64.8M (-$15.9M)
43% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 7
50% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 22
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MSL
Mackay Shields LLC
New York
|
+$14M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$975K |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$357K |
| 4 |
VanEck Associates
New York
|
+$201K |
| 5 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$191K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$17.1M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$13.1M |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$849K |
| 4 |
LPL Financial
San Diego,
California
|
-$706K |
| 5 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$687K |
PMO Hedge Fund Activity: Q2 2016 in Review
53 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Franklin Municipal Opportunities Trust (PMO) for Q2 2016, worth a combined $64.8M — down 20% from $80.7M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of PMO and 4 opened new positions — a net loss of 3 holders — while 22 trimmed existing stakes and 11 added.
The largest buyer was Mackay Shields LLC, adding an estimated $14M. The largest seller was Parametric Portfolio Associates, exiting entirely with an estimated $17.1M sold.
- 53 institutional investors held Franklin Municipal Opportunities Trust (PMO) as of Q2 2016, down from 56 in Q1 2016.
- Funds reported $64.8M of Franklin Municipal Opportunities Trust stock for Q2 2016, down 20% quarter-over-quarter.
- 4 funds opened new Franklin Municipal Opportunities Trust positions in Q2 2016 and 7 closed out, a net change of -3 holders.
- The largest Franklin Municipal Opportunities Trust buyer in Q2 2016 was Mackay Shields LLC, an estimated $14M added.
- The largest Franklin Municipal Opportunities Trust seller in Q2 2016 was Parametric Portfolio Associates, an estimated $17.1M sold.
Based on aggregated 13F filings for Q2 2016.