Franklin Municipal Opportunities Trust
PMO
63 hedge funds and large institutions have $72.2M invested in Franklin Municipal Opportunities Trust in 2017 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 18 increasing their positions, 13 reducing their positions, and 7 closing their positions.
38% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 13
14% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 7
5% more capital invested
Capital invested by funds: $68.8M → $72.2M (+$3.49M)
0.58% more ownership
Funds ownership: 14.44% → 15.01% (+0.58%)
0% more funds holding
Funds holding: 63 → 63 (0)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$1.41M |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$1.11M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$1.05M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$434K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$409K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$1.61M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$605K |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$580K |
| 4 |
WS
Wedbush Securities
Los Angeles,
California
|
-$189K |
| 5 |
HK
Horizon Kinetics
New York
|
-$175K |
PMO Hedge Fund Activity: Q3 2017 in Review
63 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Franklin Municipal Opportunities Trust (PMO) for Q3 2017, worth a combined $72.2M — up 5.1% from $68.8M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new PMO positions and 7 closed out — a net gain of 1 holder — while 18 added to existing stakes and 13 trimmed.
The largest buyer was Parametric Portfolio Associates, adding an estimated $1.41M. The largest seller was Fiera Capital (Canada), exiting entirely with an estimated $1.61M sold.
- 63 institutional investors held Franklin Municipal Opportunities Trust (PMO) as of Q3 2017, unchanged from Q2 2017.
- Funds reported $72.2M of Franklin Municipal Opportunities Trust stock for Q3 2017, up 5.1% quarter-over-quarter.
- 8 funds opened new Franklin Municipal Opportunities Trust positions in Q3 2017 and 7 closed out, a net change of +1 holder.
- The largest Franklin Municipal Opportunities Trust buyer in Q3 2017 was Parametric Portfolio Associates, an estimated $1.41M added.
- The largest Franklin Municipal Opportunities Trust seller in Q3 2017 was Fiera Capital (Canada), an estimated $1.61M sold.
Based on aggregated 13F filings for Q3 2017.