Franklin Municipal Opportunities Trust
PMO
75 hedge funds and large institutions have $60.7M invested in Franklin Municipal Opportunities Trust in 2020 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 20 increasing their positions, 21 reducing their positions, and 3 closing their positions.
167% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 3
7% more funds holding
Funds holding: 70 → 75 (+5)
1% more capital invested
Capital invested by funds: $60.3M → $60.7M (+$329K)
0.12% less ownership
Funds ownership: 13.74% → 13.63% (-0.12%)
5% less repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 21
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$501K |
| 2 |
SCA
Snowden Capital Advisors
New York
|
+$248K |
| 3 |
OFG
OTA Financial Group
Purchase,
New York
|
+$230K |
| 4 |
Morgan Stanley
New York
|
+$123K |
| 5 |
GWS
Glassman Wealth Services
Vienna,
Virginia
|
+$117K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$3.42M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$551K |
| 3 |
Invesco
Atlanta,
Georgia
|
-$384K |
| 4 |
SW
SVB Wealth
Boston,
Massachusetts
|
-$178K |
| 5 |
Cohen & Steers
New York
|
-$167K |
PMO Hedge Fund Activity: Q3 2020 in Review
75 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Franklin Municipal Opportunities Trust (PMO) for Q3 2020, worth a combined $60.7M — up 0.54% from $60.3M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new PMO positions and 3 closed out — a net gain of 5 holders — while 20 added to existing stakes and 21 trimmed.
The largest buyer was Northwestern Mutual Wealth Management, adding an estimated $501K. The largest seller was Rivernorth Capital Management, cutting an estimated $3.42M.
- 75 institutional investors held Franklin Municipal Opportunities Trust (PMO) as of Q3 2020, up from 70 in Q2 2020.
- Funds reported $60.7M of Franklin Municipal Opportunities Trust stock for Q3 2020, up 0.54% quarter-over-quarter.
- 8 funds opened new Franklin Municipal Opportunities Trust positions in Q3 2020 and 3 closed out, a net change of +5 holders.
- The largest Franklin Municipal Opportunities Trust buyer in Q3 2020 was Northwestern Mutual Wealth Management, an estimated $501K added.
- The largest Franklin Municipal Opportunities Trust seller in Q3 2020 was Rivernorth Capital Management, an estimated $3.42M sold.
Based on aggregated 13F filings for Q3 2020.