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Franklin Managed Municipal Income Trust

PMM
Exchange
NYSE
SEC CIK
0000844790

In the last 90 days, Franklin Managed Municipal Income Trust insiders filed 1 open-market purchase and 1 sale; 87 institutions reported holding it in 13F filings for Q2 2026, worth $65.2M in total; no superinvestor holds it.

13F holders, Q2 2025

Institutional positions in Franklin Managed Municipal Income Trust as of Jun 30, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
85
+5 vs. Q1 2025
Shares held
8.45M
+34.5K (+0.4%) vs. Q1 2025
Total value
$50.5M
−$1.11M (−2.2%) vs. Q1 2025
New holders
13
24 more added
Sold out
8
17 more reduced

2 institutions that held it in Q1 2025 haven't filed for Q2 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q1 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting PMM on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ2 2025: 85 institutions
Q1 2021: 75 institutionsQ2 2021: 71 institutionsQ3 2021: 70 institutionsQ4 2021: 78 institutionsQ1 2022: 79 institutionsQ2 2022: 72 institutionsQ3 2022: 73 institutionsQ4 2022: 88 institutionsQ1 2023: 77 institutionsQ2 2023: 82 institutionsQ3 2023: 84 institutionsQ4 2023: 97 institutionsQ1 2024: 94 institutionsQ2 2024: 84 institutionsQ3 2024: 93 institutionsQ4 2024: 94 institutionsQ1 2025: 82 institutionsQ2 2025: 85 institutionsQ3 2025: 81 institutionsQ4 2025: 90 institutionsQ1 2026: 91 institutionsQ2 2026: 87 institutions
Value heldQ2 2025: $50.5M
Q1 2021: $38.1MQ2 2021: $38.9MQ3 2021: $38.2MQ4 2021: $42.2MQ1 2022: $35.9MQ2 2022: $34.8MQ3 2022: $30.3MQ4 2022: $36.6MQ1 2023: $34.4MQ2 2023: $36.4MQ3 2023: $33.6MQ4 2023: $40.0MQ1 2024: $38.2MQ2 2024: $40.7MQ3 2024: $46.5MQ4 2024: $47.1MQ1 2025: $52.2MQ2 2025: $50.5MQ3 2025: $49.9MQ4 2025: $59.4MQ1 2026: $59.6MQ2 2026: $65.2M
Institutions holding PMM and their total value by quarter
QuarterHoldersValue
Q2 202687$65.2M
Q1 202691$59.6M
Q4 202590$59.4M
Q3 202581$49.9M
Q2 202585$50.5M
Q1 202582$52.2M
Q4 202494$47.1M
Q3 202493$46.5M
Q2 202484$40.7M
Q1 202494$38.2M
Q4 202397$40.0M
Q3 202384$33.6M
Q2 202382$36.4M
Q1 202377$34.4M
Q4 202288$36.6M
Q3 202273$30.3M
Q2 202272$34.8M
Q1 202279$35.9M
Q4 202178$42.2M
Q3 202170$38.2M
Q2 202171$38.9M
Q1 202175$38.1M

Institutions, Q2 2025

Shares, value and share of portfolio for each institution holding Franklin Managed Municipal Income Trust; share changes are against Q1 2025.

Institutions holding PMM in Q2 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Huntington National Bank–$60.00%––
JPMorgan Chase & Co55$3290.00%+55New
GAMMA Investing LLC72$4310.00%+72New
CoreCap Advisors, LLC100$5980.00%00.0%Unchanged
Disciplined Equity Management, Inc.140$8380.00%+140New
Mascoma Wealth Management LLC670$4.01K0.00%00.0%Unchanged
Capital Analysts, LLC1,064$6.00K0.00%+5+0.5%Added
Hilltop National Bank1,420$8.49K0.00%+1,420New
Concord Wealth Partners1,554$9.29K0.00%00.0%Unchanged
City Holding Co2,000$12.0K0.00%00.0%Unchanged
AdvisorNet Financial, Inc2,124$12.7K0.00%00.0%Unchanged
Geneos Wealth Management Inc.2,144$12.8K0.00%00.0%Unchanged
ORG Wealth Partners, LLC2,749$16.5K0.00%00.0%Unchanged
Rothschild Investment LLC3,000$17.9K0.00%−215,067−98.6%Reduced
Ameritas Advisory Services, LLC3,000$17.9K0.00%+3,000New
The PNC Financial Services Group, Inc.5,322$31.8K0.00%00.0%Unchanged
Activest Wealth Management6,600$39.5K0.01%00.0%Unchanged
Duncker Streett & Co Inc7,000$41.9K0.01%+7,000New
US Bancorp7,149$42.8K0.00%00.0%Unchanged
Smallwood Wealth Investment Management, LLC9,000$53.8K0.03%00.0%Unchanged
Northwestern Mutual Wealth Management Co10,000$59.8K0.00%−2,000−16.7%Reduced
Nomura Holdings Inc10,000$59.8K0.00%+10,000New
TCTC Holdings, LLC10,020$59.9K0.00%00.0%Unchanged
AE Wealth Management LLC11,735$70.2K0.00%00.0%Unchanged
Wealthcare Advisory Partners LLC12,018$71.9K0.00%+12,018New
Kestra Private Wealth Services, LLC12,246$73.2K0.00%00.0%Unchanged
J.W. Cole Advisors, Inc.12,281$73.4K0.00%+43+0.4%Added
Spire Wealth Management12,464$74.5K0.00%00.0%Unchanged
Steward Partners Investment Advisory, LLC12,485$74.7K0.00%−6,515−34.3%Reduced
Independent Financial Group, LLC12,753$76.3K0.00%+2,500+24.4%Added
Procyon Private Wealth Partners, LLC12,803$76.6K0.01%00.0%Unchanged
Regal Investment Advisors LLC13,606$81.4K0.01%00.0%Unchanged
Mariner, LLC14,034$83.9K0.00%00.0%Unchanged
Meridian Wealth Management, LLC14,291$85.5K0.00%+14,291New
Hohimer Wealth Management, LLC14,395$86.1K0.02%00.0%Unchanged
United Bank14,400$86.1K0.03%00.0%Unchanged
Wedbush Securities Inc15,372$92.0K0.00%+2,960+23.8%Added
Ashton Thomas Private Wealth, LLC17,327$103.6K0.00%+17,327New
Fortitude Advisory Group L.L.C.18,285$109.3K0.06%00.0%Unchanged
National Asset Management, Inc.18,473$110.5K0.01%−2,231−10.8%Reduced
Financial Advocates Investment Management20,391$121.9K0.01%00.0%Unchanged
Twin Focus Capital Partners, LLC23,993$143.5K0.02%00.0%Unchanged
Burford Brothers, Inc.25,850$154.6K0.07%00.0%Unchanged
Wesbanco Bank Inc27,700$165.6K0.00%00.0%Unchanged
Concurrent Investment Advisors, LLC29,014$173.5K0.00%00.0%Unchanged
Everstar Asset Management, LLC29,812$178.3K0.11%−15,100−33.6%Reduced
U.S. Capital Wealth Advisors, LLC30,606$183.0K0.01%+30,606New
Joseph P. Lucia & Associates, LLC30,832$184.4K0.08%−850−2.7%Reduced
WealthBridge Capital Management, LLC31,050$185.7K0.05%−5,000−13.9%Reduced
Clear Creek Financial Management, LLC31,870$190.6K0.02%−480−1.5%Reduced
GWM Advisors LLC34,393$205.7K0.00%+120.0%Added
Cambridge Investment Research Advisors, Inc.38,065$228.0K0.00%+2,605+7.3%Added
Tyche Wealth Partners LLC39,722$237.5K0.05%00.0%Unchanged
Kestra Advisory Services, LLC40,635$243.0K0.00%+6,970+20.7%Added
Gill Capital Partners, LLC41,537$248.4K0.08%00.0%Unchanged
Susquehanna International Group, LLP53,856$322.1K0.00%−422−0.8%Reduced
Brown Brothers Harriman & Co55,583$332.4K0.00%+55,583New
Cetera Investment Advisers56,514$338.0K0.00%+1,577+2.9%Added
XML Financial, LLC57,600$344.4K0.03%+34,500+149.4%Added
Avantax Advisory Services, Inc.58,938$352.5K0.00%+19,998+51.4%Added
Oppenheimer & Co Inc59,470$355.6K0.00%+763+1.3%Added
Commonwealth Equity Services, LLC61,458$368.0K0.00%+326+0.5%Added
Advisor Group Holdings, Inc.61,743$369.2K0.00%+11,659+23.3%Added
Keudell/Morrison Wealth Management66,964$400.4K0.09%−2,150−3.1%Reduced
Capital Investment Advisors, LLC69,056$413.0K0.01%−4,000−5.5%Reduced
Bridgewater Advisors Inc.76,102$444.4K0.03%00.0%Unchanged
Rockefeller Capital Management L.P.80,721$482.7K0.00%+928+1.2%Added
Royal Bank of Canada81,950$490.0K0.00%−778−0.9%Reduced
UBS Group AG86,910$519.7K0.00%−78,575−47.5%Reduced
Melfa Wealth Management, LLC95,856$573.2K0.36%00.0%Unchanged
Allworth Financial LP103,242$617.4K0.00%+103,242New
Pathstone Holdings, LLC116,957$699.4K0.00%−268,119−69.6%Reduced
LPL Financial LLC123,806$740.4K0.00%+8,321+7.2%Added
Bank of America Corp125,252$749.0K0.00%+40,699+48.1%Added
Kennedy Investment Group197,626$1.18M0.50%−25,995−11.6%Reduced
Ameriprise Financial Inc225,663$1.35M0.00%+271+0.1%Added
Invesco Ltd.261,413$1.56M0.00%+92,727+55.0%Added
Van Eck Associates Corp276,297$1.65M0.00%+7,741+2.9%Added
Sit Investment Associates Inc502,949$3.01M0.06%−12,400−2.4%Reduced
Hennion & Walsh Asset Management, Inc.506,760$3.03M0.12%+247,811+95.7%Added
Raymond James Financial Inc526,601$3.15M0.00%+55,674+11.8%Added
Morgan Stanley804,012$4.81M0.00%+4,271+0.5%Added
Advisors Asset Management, Inc.862,612$5.16M0.09%−13,219−1.5%Reduced
Wells Fargo & Company995,513$5.95M0.00%+69,900+7.6%Added
Guggenheim Capital LLC997,567$5.97M0.05%+91,933+10.2%Added
Rivernorth Capital Management, LLC0$00.00%−149,544−100.0%Sold out
Advisor Resource Council0$00.00%−66,293−100.0%Sold out
Citadel Advisors LLC0$00.00%−21,586−100.0%Sold out
Gilliland Jeter Wealth Management LLC0$00.00%−12,138−100.0%Sold out
HRT Financial LP0$00.00%−10,677−100.0%Sold out
Archetype Wealth Partners0$00.00%−10,049−100.0%Sold out
Ameriflex Group, Inc.0$00.00%−1,200−100.0%Sold out
Tower Research Capital LLC (TRC)0$00.00%−39−100.0%Sold out
Sheaff Brock Investment Advisors, LLC––––Not filed
Noble Wealth Management PBC––––Not filed