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Franklin Municipal Opportunities Trust

PMO
Exchange
NYSE
SEC CIK
0000900422

No open-market purchases or sales by Franklin Municipal Opportunities Trust insiders were filed in the last 90 days; 89 institutions reported holding it in 13F filings for Q2 2026, worth $94.6M in total; no superinvestor holds it.

13F holders, Q4 2025

Institutional positions in Franklin Municipal Opportunities 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
88
+3 vs. Q3 2025
Shares held
8.68M
+793.2K (+10.1%) vs. Q3 2025
Total value
$92.9M
+$11.4M (+14.0%) vs. Q3 2025
New holders
10
29 more added
Sold out
7
20 more reduced

Compare with Q3 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting PMO 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 holdersQ4 2025: 88 institutions
Q1 2021: 78 institutionsQ2 2021: 74 institutionsQ3 2021: 72 institutionsQ4 2021: 78 institutionsQ1 2022: 84 institutionsQ2 2022: 77 institutionsQ3 2022: 73 institutionsQ4 2022: 66 institutionsQ1 2023: 69 institutionsQ2 2023: 71 institutionsQ3 2023: 71 institutionsQ4 2023: 84 institutionsQ1 2024: 86 institutionsQ2 2024: 88 institutionsQ3 2024: 100 institutionsQ4 2024: 95 institutionsQ1 2025: 83 institutionsQ2 2025: 87 institutionsQ3 2025: 85 institutionsQ4 2025: 88 institutionsQ1 2026: 89 institutionsQ2 2026: 89 institutions
Value heldQ4 2025: $92.9M
Q1 2021: $58.2MQ2 2021: $57.2MQ3 2021: $53.9MQ4 2021: $53.9MQ1 2022: $51.6MQ2 2022: $47.4MQ3 2022: $38.7MQ4 2022: $47.7MQ1 2023: $46.8MQ2 2023: $50.2MQ3 2023: $49.7MQ4 2023: $69.1MQ1 2024: $63.1MQ2 2024: $64.1MQ3 2024: $74.2MQ4 2024: $75.4MQ1 2025: $74.7MQ2 2025: $74.0MQ3 2025: $81.4MQ4 2025: $92.9MQ1 2026: $90.0MQ2 2026: $94.6M
Institutions holding PMO and their total value by quarter
QuarterHoldersValue
Q2 202689$94.6M
Q1 202689$90.0M
Q4 202588$92.9M
Q3 202585$81.4M
Q2 202587$74.0M
Q1 202583$74.7M
Q4 202495$75.4M
Q3 2024100$74.2M
Q2 202488$64.1M
Q1 202486$63.1M
Q4 202384$69.1M
Q3 202371$49.7M
Q2 202371$50.2M
Q1 202369$46.8M
Q4 202266$47.7M
Q3 202273$38.7M
Q2 202277$47.4M
Q1 202284$51.6M
Q4 202178$53.9M
Q3 202172$53.9M
Q2 202174$57.2M
Q1 202178$58.2M

Institutions, Q4 2025

Shares, value and share of portfolio for each institution holding Franklin Municipal Opportunities Trust; share changes are against Q3 2025.

Institutions holding PMO in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Guggenheim Capital LLC663,914$7.10M0.05%+56,158+9.2%Added
Advisors Asset Management, Inc.598,344$6.40M0.11%+177,794+42.3%Added
Hennion & Walsh Asset Management, Inc.518,691$5.55M0.19%+70,735+15.8%Added
Robinson Capital Management, LLC493,396$5.28M2.21%+332,941+207.5%Added
Melfa Wealth Management, LLC472,403$5.05M2.91%−8,041−1.7%Reduced
Rivernorth Capital Management, LLC427,625$4.58M0.22%+180,105+72.8%Added
Morgan Stanley401,211$4.29M0.00%+16,760+4.4%Added
Pathstone Holdings, LLC372,584$3.99M0.02%−190,960−33.9%Reduced
Wells Fargo & Company372,017$3.98M0.00%+92,359+33.0%Added
1607 Capital Partners, LLC311,109$3.33M0.23%−39,252−11.2%Reduced
Commonwealth Equity Services, LLC303,910$3.25M0.00%−16,742−5.2%Reduced
Fiera Capital Corp283,503$3.03M0.01%−5,372−1.9%Reduced
Van Eck Associates Corp210,252$2.25M0.00%+25,511+13.8%Added
Ameriprise Financial Inc179,156$1.92M0.00%−8,833−4.7%Reduced
LPL Financial LLC178,607$1.91M0.00%+26,562+17.5%Added
Envestnet Asset Management Inc165,413$1.77M0.00%+41,811+33.8%Added
Karpus Management, Inc.161,566$1.73M0.05%−94,926−37.0%Reduced
Invesco Ltd.159,253$1.70M0.00%+55,226+53.1%Added
Bank of America Corp155,159$1.66M0.00%+936+0.6%Added
Worthington Financial Partners, LLC152,035$1.63M1.44%+152,035New
Allspring Global Investments Holdings, LLC149,715$1.60M0.00%+17,671+13.4%Added
UBS Group AG137,998$1.48M0.00%+1,554+1.1%Added
Cohen & Steers, Inc.134,200$1.44M0.00%00.0%Unchanged
Riverbridge Partners LLC118,230$1.27M0.02%+41,190+53.5%Added
Smith, Moore & Co.115,236$1.23M0.09%−10,067−8.0%Reduced
Park Avenue Securities LLC108,352$1.16M0.01%−2,437−2.2%Reduced
Intellus Advisors LLC101,019$1.08M0.14%−1,444−1.4%Reduced
Nova R Wealth, Inc.93,059$995.7K0.36%00.0%Unchanged
Rockefeller Capital Management L.P.89,447$957.1K0.00%−4,329−4.6%Reduced
Capital Investment Advisors, LLC78,678$841.9K0.01%−11,515−12.8%Reduced
Stifel Financial Corp78,592$840.9K0.00%+5,491+7.5%Added
Raymond James Financial Inc66,369$710.1K0.00%+660+1.0%Added
Colony Group, LLC53,009$567.2K0.00%+53,009New
Noble Wealth Management PBC41,600$445.1K0.22%−2,400−5.5%Reduced
Royal Bank of Canada38,570$412.0K0.00%+8,494+28.2%Added
Cambridge Investment Research Advisors, Inc.32,466$347.0K0.00%−2,312−6.6%Reduced
Wiley Bros.-Aintree Capital, LLC31,332$335.3K0.00%+31,332New
Twin Focus Capital Partners, LLC31,294$334.8K0.04%00.0%Unchanged
Advisor Group Holdings, Inc.30,980$331.5K0.00%−8,952−22.4%Reduced
Cyndeo Wealth Partners, LLC26,010$278.3K0.02%+29+0.1%Added
HighTower Advisors, LLC24,112$258.0K0.00%+3,256+15.6%Added
Susquehanna International Group, LLP23,188$248.1K0.00%+2,406+11.6%Added
Integrated Capital Management, Inc.22,908$245.1K0.16%−243−1.0%Reduced
Generation Capital Management LLC22,748$243.4K0.16%+6,000+35.8%Added
Ackerman Capital Advisors, LLC22,500$240.8K0.05%+2,475+12.4%Added
Stratos Wealth Partners, LTD.22,300$238.6K0.00%00.0%Unchanged
Closed-End Fund Advisors, Inc.21,640$231.5K0.14%+21,640New
Bank of Montreal21,508$230.1K0.00%−1,223−5.4%Reduced
Catalina Capital Group, LLC20,515$219.5K0.13%00.0%Unchanged
Northwestern Mutual Wealth Management Co20,378$218.0K0.00%00.0%Unchanged
Cresset Asset Management, LLC20,300$217.2K0.00%00.0%Unchanged
Oppenheimer & Co Inc20,146$215.6K0.00%+2,500+14.2%Added
Burford Brothers, Inc.19,900$212.9K0.09%00.0%Unchanged
Concurrent Investment Advisors, LLC18,340$196.2K0.00%00.0%Unchanged
Westview Management dba Westview Investment Advisors15,300$163.7K0.08%+15,300New
Gill Capital Partners, LLC14,813$158.5K0.05%00.0%Unchanged
Oakmont Investment Advisors, Inc.14,100$150.9K0.11%+14,100New
Spire Wealth Management14,000$149.8K0.01%00.0%Unchanged
Moors & Cabot, Inc.13,838$148.1K0.01%+1,620+13.3%Added
Collaborative Wealth Managment Inc.13,400$143.4K0.05%00.0%Unchanged
Successful Portfolios LLC13,428$143.1K0.07%00.0%Unchanged
Jane Street Group, LLC12,965$138.7K0.00%+1,071+9.0%Added
Staley Capital Advisers Inc12,500$133.8K0.01%00.0%Unchanged
Allworth Financial LP12,000$128.4K0.00%−139−1.1%Reduced
Tyche Wealth Partners LLC11,940$127.8K0.02%00.0%Unchanged
Aviance Capital Partners, LLC10,555$112.9K0.01%+40+0.4%Added
Wellspring Financial Advisors, LLC10,500$112.3K0.01%00.0%Unchanged
Meridian Wealth Management, LLC10,108$108.2K0.00%00.0%Unchanged
MML Investors Services, LLC10,014$107.2K0.00%+10,014New
MAI Capital Management7,201$77.1K0.00%00.0%Unchanged
Comerica Bank5,038$53.9K0.00%00.0%Unchanged
Duncker Streett & Co Inc4,900$52.4K0.01%00.0%Unchanged
Global Retirement Partners, LLC4,348$46.5K0.00%00.0%Unchanged
Elyxium Wealth, LLC4,158$44.5K0.01%+4,158New
Activest Wealth Management3,775$40.4K0.01%−375−9.0%Reduced
St Germain D J Co Inc3,000$32.1K0.00%00.0%Unchanged
CX Institutional3,003$32.0K0.00%+34+1.1%Added
Fifth Third Bancorp2,539$27.2K0.00%00.0%Unchanged
Rothschild Investment LLC2,389$25.6K0.00%00.0%Unchanged
Blue Bell Private Wealth Management, LLC2,123$22.7K0.00%−800−27.4%Reduced
Geneos Wealth Management Inc.1,563$16.7K0.00%00.0%Unchanged
Harbour Investments, Inc.1,408$15.1K0.00%00.0%Unchanged
Kilter Group LLC1,255$13.4K0.01%+74+6.3%Added
International Assets Investment Management, LLC1,229$13.2K0.00%+1,229New
Mascoma Wealth Management LLC1,191$12.7K0.00%00.0%Unchanged
Anchor Investment Management, LLC1,000$10.7K0.00%00.0%Unchanged
Hilltop National Bank780$8.35K0.00%00.0%Unchanged
Elevated Capital Advisors, LLC595$6.37K0.00%+595New
Matisse Capital0$00.00%−166,367−100.0%Sold out
Kovitz Investment Group Partners, LLC0$00.00%−32,000−100.0%Sold out
Leigh Baldwin & Co., LLC0$00.00%−25,814−100.0%Sold out
Sunpointe, LLC0$00.00%−15,360−100.0%Sold out
Private Wealth Advisors0$00.00%−11,093−100.0%Sold out
Prospera Financial Services Inc0$00.00%−10,432−100.0%Sold out
Citadel Advisors LLC0$00.00%−10,257−100.0%Sold out