Franklin Municipal Opportunities Trust
PMO
70 hedge funds and large institutions have $60.3M invested in Franklin Municipal Opportunities Trust in 2020 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 19 increasing their positions, 23 reducing their positions, and 9 closing their positions.
3% more capital invested
Capital invested by funds: $58.7M → $60.3M (+$1.6M)
0.59% less ownership
Funds ownership: 14.34% → 13.74% (-0.59%)
5% less funds holding
Funds holding: 74 → 70 (-4)
17% less repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 23
44% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFEC
Benjamin F. Edwards & Company
St. Louis,
Missouri
|
+$841K |
| 2 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$807K |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
+$325K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$317K |
| 5 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$298K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.48M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$723K |
| 3 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$454K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$368K |
| 5 |
BAM
Brave Asset Management
Summit,
New Jersey
|
-$278K |
PMO Hedge Fund Activity: Q2 2020 in Review
70 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Franklin Municipal Opportunities Trust (PMO) for Q2 2020, worth a combined $60.3M — up 2.7% from $58.7M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of PMO and 5 opened new positions — a net loss of 4 holders — while 23 trimmed existing stakes and 19 added.
The largest buyer was Benjamin F. Edwards & Company, adding an estimated $841K. The largest seller was Rivernorth Capital Management, cutting an estimated $2.48M.
- 70 institutional investors held Franklin Municipal Opportunities Trust (PMO) as of Q2 2020, down from 74 in Q1 2020.
- Funds reported $60.3M of Franklin Municipal Opportunities Trust stock for Q2 2020, up 2.7% quarter-over-quarter.
- 5 funds opened new Franklin Municipal Opportunities Trust positions in Q2 2020 and 9 closed out, a net change of -4 holders.
- The largest Franklin Municipal Opportunities Trust buyer in Q2 2020 was Benjamin F. Edwards & Company, an estimated $841K added.
- The largest Franklin Municipal Opportunities Trust seller in Q2 2020 was Rivernorth Capital Management, an estimated $2.48M sold.
Based on aggregated 13F filings for Q2 2020.