Franklin Municipal Opportunities Trust
PMO
86 hedge funds and large institutions have $63.2M invested in Franklin Municipal Opportunities Trust in 2024 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 20 increasing their positions, 27 reducing their positions, and 6 closing their positions.
67% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 6
4% more funds holding
Funds holding: 83 → 86 (+3)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0.76% less ownership
Funds ownership: 20.37% → 19.61% (-0.76%)
11% less capital invested
Capital invested by funds: $71.4M → $63.2M (-$8.13M)
26% less repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 27
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
+$1.25M |
| 2 |
PAS
Park Avenue Securities
New York
|
+$1.19M |
| 3 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$689K |
| 4 |
NMC
Nine Masts Capital
Central,
Hong Kong
|
+$670K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$353K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
-$3.68M |
| 2 |
SCM
Saba Capital Management
New York
|
-$2.9M |
| 3 |
Morgan Stanley
New York
|
-$2.26M |
| 4 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$1.42M |
| 5 |
VanEck Associates
New York
|
-$338K |
PMO Hedge Fund Activity: Q1 2024 in Review
86 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Franklin Municipal Opportunities Trust (PMO) for Q1 2024, worth a combined $63.2M — down 11% from $71.4M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new PMO positions and 6 closed out — a net gain of 4 holders — while 20 added to existing stakes and 27 trimmed.
The largest buyer was Envestnet Asset Management, opening a new position worth an estimated $1.25M. The largest seller was Ameriprise, cutting an estimated $3.68M.
- 86 institutional investors held Franklin Municipal Opportunities Trust (PMO) as of Q1 2024, up from 83 in Q4 2023.
- Funds reported $63.2M of Franklin Municipal Opportunities Trust stock for Q1 2024, down 11% quarter-over-quarter.
- 10 funds opened new Franklin Municipal Opportunities Trust positions in Q1 2024 and 6 closed out, a net change of +4 holders.
- The largest Franklin Municipal Opportunities Trust buyer in Q1 2024 was Envestnet Asset Management, an estimated $1.25M added.
- The largest Franklin Municipal Opportunities Trust seller in Q1 2024 was Ameriprise, an estimated $3.68M sold.
Based on aggregated 13F filings for Q1 2024.