Franklin Municipal Opportunities Trust
PMO
71 hedge funds and large institutions have $91.6M invested in Franklin Municipal Opportunities Trust in 2019 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 21 increasing their positions, 17 reducing their positions, and 7 closing their positions.
24% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 17
2% less capital invested
Capital invested by funds: $93M → $91.6M (-$1.43M)
1.05% less ownership
Funds ownership: 21.98% → 20.93% (-1%)
4% less funds holding
Funds holding: 74 → 71 (-3)
14% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$833K |
| 2 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$803K |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$651K |
| 4 |
SW
SVB Wealth
Boston,
Massachusetts
|
+$359K |
| 5 |
DADC
D.A. Davidson & Co
Great Falls,
Montana
|
+$250K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$1.49M |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$1.43M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.09M |
| 4 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$987K |
| 5 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$701K |
PMO Hedge Fund Activity: Q2 2019 in Review
71 of the 4,625 institutional investors tracked by Wall St. Rank reported a position in Franklin Municipal Opportunities Trust (PMO) for Q2 2019, worth a combined $91.6M — down 1.5% from $93M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of PMO and 6 opened new positions — a net loss of 1 holder — while 17 trimmed existing stakes and 21 added.
The largest buyer was Baird Financial Group, opening a new position worth an estimated $833K. The largest seller was Parametric Portfolio Associates, cutting an estimated $1.49M.
- 71 institutional investors held Franklin Municipal Opportunities Trust (PMO) as of Q2 2019, down from 74 in Q1 2019.
- Funds reported $91.6M of Franklin Municipal Opportunities Trust stock for Q2 2019, down 1.5% quarter-over-quarter.
- 6 funds opened new Franklin Municipal Opportunities Trust positions in Q2 2019 and 7 closed out, a net change of -1 holder.
- The largest Franklin Municipal Opportunities Trust buyer in Q2 2019 was Baird Financial Group, an estimated $833K added.
- The largest Franklin Municipal Opportunities Trust seller in Q2 2019 was Parametric Portfolio Associates, an estimated $1.49M sold.
Based on aggregated 13F filings for Q2 2019.