Franklin Municipal Opportunities Trust
PMO
54 hedge funds and large institutions have $71.1M invested in Franklin Municipal Opportunities Trust in 2016 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 19 increasing their positions, 14 reducing their positions, and 3 closing their positions.
36% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 14
33% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 3
10% more capital invested
Capital invested by funds: $64.8M → $71.1M (+$6.25M)
2% more funds holding
Funds holding: 53 → 54 (+1)
1.19% more ownership
Funds ownership: 11.74% → 12.94% (+1.2%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$2.3M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.52M |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$1.39M |
| 4 |
MSL
Mackay Shields LLC
New York
|
+$1.27M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$636K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$840K |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$696K |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$664K |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$626K |
| 5 |
OC
Oppenheimer & Co
New York
|
-$301K |
PMO Hedge Fund Activity: Q3 2016 in Review
54 of the 3,759 institutional investors tracked by Wall St. Rank reported a position in Franklin Municipal Opportunities Trust (PMO) for Q3 2016, worth a combined $71.1M — up 9.6% from $64.8M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new PMO positions and 3 closed out — a net gain of 1 holder — while 19 added to existing stakes and 14 trimmed.
The largest buyer was Sit Investment Associates, adding an estimated $2.3M. The largest seller was Karpus Investment Management, cutting an estimated $840K.
- 54 institutional investors held Franklin Municipal Opportunities Trust (PMO) as of Q3 2016, up from 53 in Q2 2016.
- Funds reported $71.1M of Franklin Municipal Opportunities Trust stock for Q3 2016, up 9.6% quarter-over-quarter.
- 4 funds opened new Franklin Municipal Opportunities Trust positions in Q3 2016 and 3 closed out, a net change of +1 holder.
- The largest Franklin Municipal Opportunities Trust buyer in Q3 2016 was Sit Investment Associates, an estimated $2.3M added.
- The largest Franklin Municipal Opportunities Trust seller in Q3 2016 was Karpus Investment Management, an estimated $840K sold.
Based on aggregated 13F filings for Q3 2016.