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, Q4 2025
Institutional positions in Franklin Managed Municipal Income Trust as of Dec 31, 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
- 90
- +9 vs. Q3 2025
- Shares held
- 9.47M
- +1.20M (+14.6%) vs. Q3 2025
- Total value
- $59.4M
- +$9.46M (+19.0%) vs. Q3 2025
- New holders
- 18
- 15 more added
- Sold out
- 9
- 23 more reduced
Compare with Q3 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.
| Quarter | Holders | Value |
|---|---|---|
| Q2 2026 | 87 | $65.2M |
| Q1 2026 | 91 | $59.6M |
| Q4 2025 | 90 | $59.4M |
| Q3 2025 | 81 | $49.9M |
| Q2 2025 | 85 | $50.5M |
| Q1 2025 | 82 | $52.2M |
| Q4 2024 | 94 | $47.1M |
| Q3 2024 | 93 | $46.5M |
| Q2 2024 | 84 | $40.7M |
| Q1 2024 | 94 | $38.2M |
| Q4 2023 | 97 | $40.0M |
| Q3 2023 | 84 | $33.6M |
| Q2 2023 | 82 | $36.4M |
| Q1 2023 | 77 | $34.4M |
| Q4 2022 | 88 | $36.6M |
| Q3 2022 | 73 | $30.3M |
| Q2 2022 | 72 | $34.8M |
| Q1 2022 | 79 | $35.9M |
| Q4 2021 | 78 | $42.2M |
| Q3 2021 | 70 | $38.2M |
| Q2 2021 | 71 | $38.9M |
| Q1 2021 | 75 | $38.1M |
Institutions, Q4 2025
Shares, value and share of portfolio for each institution holding Franklin Managed Municipal Income Trust; share changes are against Q3 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Wells Fargo & Company | 1,111,767 | $6.97M | 0.00% | +15,203+1.4% | Added |
| Hennion & Walsh Asset Management, Inc. | 1,009,350 | $6.33M | 0.22% | +444,374+78.7% | Added |
| Guggenheim Capital LLC | 937,993 | $5.88M | 0.04% | −35,866−3.7% | Reduced |
| Advisors Asset Management, Inc. | 867,048 | $5.44M | 0.09% | +199,831+29.9% | Added |
| Morgan Stanley | 783,384 | $4.91M | 0.00% | +5,731+0.7% | Added |
| Raymond James Financial Inc | 627,050 | $3.93M | 0.00% | +78,940+14.4% | Added |
| Invesco Ltd. | 417,901 | $2.62M | 0.00% | +78,533+23.1% | Added |
| Van Eck Associates Corp | 318,677 | $2.00M | 0.00% | +38,097+13.6% | Added |
| Ameriprise Financial Inc | 290,872 | $1.82M | 0.00% | −17,015−5.5% | Reduced |
| Rivernorth Capital Management, LLC | 274,720 | $1.72M | 0.08% | +274,720 | New |
| Robinson Capital Management, LLC | 230,145 | $1.44M | 0.61% | +230,145 | New |
| Sit Investment Associates Inc | 221,351 | $1.39M | 0.03% | −281,598−56.0% | Reduced |
| LPL Financial LLC | 188,605 | $1.18M | 0.00% | +69,898+58.9% | Added |
| Bank of America Corp | 136,639 | $856.7K | 0.00% | +5,416+4.1% | Added |
| Cetera Investment Advisers | 130,062 | $815.5K | 0.00% | −4,530−3.4% | Reduced |
| Wiley Bros.-Aintree Capital, LLC | 119,560 | $749.6K | 0.00% | +119,560 | New |
| G2 Capital Management, LLC | 107,416 | $673.5K | 0.16% | +107,416 | New |
| Melfa Wealth Management, LLC | 95,856 | $601.0K | 0.35% | 00.0% | Unchanged |
| Royal Bank of Canada | 92,194 | $578.0K | 0.00% | −2,881−3.0% | Reduced |
| Bridgewater Advisors Inc. | 76,102 | $474.9K | 0.03% | 00.0% | Unchanged |
| UBS Group AG | 73,080 | $458.2K | 0.00% | +1,020+1.4% | Added |
| Rockefeller Capital Management L.P. | 72,420 | $454.1K | 0.00% | −7,280−9.1% | Reduced |
| XML Financial, LLC | 67,563 | $423.6K | 0.03% | −43,602−39.2% | Reduced |
| Capital Investment Advisors, LLC | 60,369 | $378.5K | 0.01% | −9,076−13.1% | Reduced |
| Keudell/Morrison Wealth Management | 59,600 | $373.7K | 0.08% | +59,600 | New |
| Oppenheimer & Co Inc | 57,294 | $359.2K | 0.01% | −2,980−4.9% | Reduced |
| Commonwealth Equity Services, LLC | 53,629 | $336.3K | 0.00% | +385+0.7% | Added |
| Advisor Group Holdings, Inc. | 48,047 | $301.3K | 0.00% | −14,588−23.3% | Reduced |
| Susquehanna International Group, LLP | 45,301 | $284.0K | 0.00% | +45,301 | New |
| Allworth Financial LP | 42,129 | $264.1K | 0.00% | −3,000−6.6% | Reduced |
| Tyche Wealth Partners LLC | 39,722 | $249.1K | 0.04% | 00.0% | Unchanged |
| Jane Street Group, LLC | 38,851 | $243.6K | 0.00% | +38,851 | New |
| Ackerman Capital Advisors, LLC | 37,584 | $235.7K | 0.05% | +14,170+60.5% | Added |
| HighTower Advisors, LLC | 34,926 | $219.0K | 0.00% | +34,926 | New |
| Kestra Advisory Services, LLC | 34,852 | $218.5K | 0.00% | −9,625−21.6% | Reduced |
| WealthBridge Capital Management, LLC | 34,000 | $213.2K | 0.05% | +2,950+9.5% | Added |
| Cambridge Investment Research Advisors, Inc. | 33,225 | $208.0K | 0.00% | −3,363−9.2% | Reduced |
| Gill Capital Partners, LLC | 31,984 | $200.5K | 0.06% | −1,483−4.4% | Reduced |
| Clear Creek Financial Management, LLC | 31,870 | $199.8K | 0.02% | 00.0% | Unchanged |
| Concurrent Investment Advisors, LLC | 29,014 | $181.9K | 0.00% | 00.0% | Unchanged |
| Joseph P. Lucia & Associates, LLC | 27,986 | $175.5K | 0.06% | −1,846−6.2% | Reduced |
| Wesbanco Bank Inc | 27,700 | $173.7K | 0.00% | 00.0% | Unchanged |
| Burford Brothers, Inc. | 25,850 | $162.1K | 0.07% | 00.0% | Unchanged |
| GWM Advisors LLC | 24,419 | $153.1K | 0.00% | −9,987−29.0% | Reduced |
| Twin Focus Capital Partners, LLC | 23,993 | $150.4K | 0.02% | 00.0% | Unchanged |
| Everstar Asset Management, LLC | 22,200 | $139.2K | 0.07% | −6,700−23.2% | Reduced |
| Cohen & Steers, Inc. | 20,000 | $125.0K | 0.00% | +20,000 | New |
| Fortitude Advisory Group L.L.C. | 18,285 | $114.6K | 0.05% | 00.0% | Unchanged |
| Ashton Thomas Private Wealth, LLC | 17,327 | $108.6K | 0.00% | 00.0% | Unchanged |
| Noble Wealth Management PBC | 16,793 | $105.3K | 0.05% | +943+5.9% | Added |
| Nomura Holdings Inc | 16,250 | $101.9K | 0.00% | +16,250 | New |
| Kennedy Investment Group | 14,748 | $92.5K | 0.03% | −161,315−91.6% | Reduced |
| Meridian Wealth Management, LLC | 14,291 | $89.6K | 0.00% | 00.0% | Unchanged |
| Mariner, LLC | 14,034 | $88.0K | 0.00% | 00.0% | Unchanged |
| Regal Investment Advisors LLC | 13,606 | $85.3K | 0.01% | 00.0% | Unchanged |
| Procyon Private Wealth Partners, LLC | 12,803 | $80.3K | 0.00% | 00.0% | Unchanged |
| Steward Partners Investment Advisory, LLC | 12,551 | $78.7K | 0.00% | +32+0.3% | Added |
| Spire Wealth Management | 12,464 | $78.1K | 0.00% | 00.0% | Unchanged |
| Wedbush Securities Inc | 12,412 | $78.0K | 0.00% | 00.0% | Unchanged |
| Citadel Advisors LLC | 12,065 | $75.6K | 0.00% | +12,065 | New |
| Wealthcare Advisory Partners LLC | 12,018 | $75.4K | 0.00% | 00.0% | Unchanged |
| AE Wealth Management LLC | 11,735 | $73.6K | 0.00% | 00.0% | Unchanged |
| Umb Bank N A | 11,200 | $70.2K | 0.00% | +11,200 | New |
| Mesirow Financial Investment Management, Inc. | 10,069 | $63.1K | 0.00% | +10,069 | New |
| TCTC Holdings, LLC | 10,020 | $62.8K | 0.00% | 00.0% | Unchanged |
| U.S. Capital Wealth Advisors, LLC | 10,000 | $62.7K | 0.00% | −31,835−76.1% | Reduced |
| WealthCare Investment Partners, LLC | 10,000 | $62.0K | 0.02% | 00.0% | Unchanged |
| Smallwood Wealth Investment Management, LLC | 9,000 | $56.4K | 0.03% | 00.0% | Unchanged |
| Northwestern Mutual Wealth Management Co | 7,256 | $45.5K | 0.00% | −4,617−38.9% | Reduced |
| Gunpowder Capital Management, LLC dba Oliver Wealth Management | 7,100 | $44.5K | 0.03% | +7,100 | New |
| Duncker Streett & Co Inc | 7,000 | $43.9K | 0.01% | 00.0% | Unchanged |
| International Assets Investment Management, LLC | 5,679 | $35.6K | 0.00% | +5,679 | New |
| Activest Wealth Management | 4,500 | $28.2K | 0.01% | −2,100−31.8% | Reduced |
| The PNC Financial Services Group, Inc. | 4,110 | $25.8K | 0.00% | −1,212−22.8% | Reduced |
| Global Wealth Strategies & Associates | 3,105 | $19.5K | 0.00% | 00.0% | Unchanged |
| Rothschild Investment LLC | 3,000 | $18.8K | 0.00% | 00.0% | Unchanged |
| Asset Dedication, LLC | 2,823 | $17.7K | 0.00% | +2,823 | New |
| ORG Wealth Partners, LLC | 2,749 | $17.2K | 0.00% | 00.0% | Unchanged |
| Old Point Trust & Financial Services N A | 2,684 | $16.8K | 0.01% | +2,684 | New |
| Geneos Wealth Management Inc. | 2,144 | $13.4K | 0.00% | 00.0% | Unchanged |
| AdvisorNet Financial, Inc | 2,124 | $13.3K | 0.00% | 00.0% | Unchanged |
| Grove Bank & Trust | 1,959 | $12.3K | 0.00% | 00.0% | Unchanged |
| Concord Wealth Partners | 1,554 | $9.74K | 0.00% | 00.0% | Unchanged |
| Hilltop National Bank | 1,420 | $8.90K | 0.00% | 00.0% | Unchanged |
| Ameriflex Group, Inc. | 1,200 | $7.52K | 0.00% | −1,200−50.0% | Reduced |
| Mascoma Wealth Management LLC | 670 | $4.20K | 0.00% | 00.0% | Unchanged |
| CDKV Holdings LLC | 661 | $4.14K | 0.00% | +661 | New |
| CoreCap Advisors, LLC | 100 | $627 | 0.00% | 00.0% | Unchanged |
| GAMMA Investing LLC | 72 | $451 | 0.00% | 00.0% | Unchanged |
| Huntington National Bank | – | $6 | 0.00% | – | – |
| Readystate Asset Management LP | 0 | $0 | 0.00% | −15,619−100.0% | Sold out |
| United Bank | 0 | $0 | 0.00% | −14,400−100.0% | Sold out |
| Hohimer Wealth Management, LLC | 0 | $0 | 0.00% | −14,395−100.0% | Sold out |
| Kestra Private Wealth Services, LLC | 0 | $0 | 0.00% | −12,246−100.0% | Sold out |
| J.W. Cole Advisors, Inc. | 0 | $0 | 0.00% | −12,022−100.0% | Sold out |
| Independent Financial Group, LLC | 0 | $0 | 0.00% | −11,753−100.0% | Sold out |
| Virtu Financial LLC | 0 | $0 | 0.00% | −11,498−100.0% | Sold out |
| Capital Analysts, LLC | 0 | $0 | 0.00% | −1,078−100.0% | Sold out |
| Wolverine Asset Management LLC | 0 | $0 | 0.00% | −1,000−100.0% | Sold out |