PMM · Franklin Managed Municipal Income Trust · Holdings

$5.94 -0.01 (-0.17%) At close · Oct 21

Market Cap

$254.86M

42.83M

Volume · Oct 21 127.4K Avg daily vol (3M) 142.65K

Institutional ownership from SEC Form 13F filings. Investment managers with more than $100 million in U.S. equities must disclose their positions every quarter, within 45 days of quarter-end, so the holdings shown can lag the market by up to a quarter.

Use institutional holdings through the 13F API or MCP → See every holder of PMM: 13F, 13D and 13G, insiders and funds →

Institutional holdings are being reconciled with SEC filings. Holder totals and changes may be incomplete until reconciliation finishes.

The Sep 30, 2026 filing window is still open — showing the latest known positions. Funds that have not filed yet carry their prior-quarter positions; a fund that filed without this stock counts as sold out. Each fund's Change is measured against its own previous reported quarter, shown in the Reported column. Pick a completed quarter in the Quarter selector below to put every fund on one quarter and see the stock-wide activity breakdown.

Quarter:

Holders: 87

Total Value: $63,565,089

Total Shares: 9,957,414

Institutional Ownership Trend

27 quarters

Holder Concentration

Across 87 13F filers

Top Holder

12.0%

of institutional value

Top 5

52.7%

of institutional value

Top 10

75.9%

of institutional value

HHI

704

Broadly held

Who Holds PMM

Last 8 quarters through Sep 30, 2026 (filing window open)

Each kind of 13F filer's share of the common shares 13F filers report. Holder type comes from regulatory records, never the filer's name; style, turnover and horizon are measured from each filer's own 13F book. The quarter selector does not change this card.

Jun 30, 2026, the newest closed quarter: 86 filers, like-for-like change +2.8%; actively managed books +1.9%; index-like books +10.0%.

Holder type	Share	Filers	Change	New	Exited
Registered adviser	23.8%	44	+6.3%	4	6
Adviser	7.7%	3	+1.3%	0	0
Bank	13.8%	6	+1.5%	0	0
Broker-dealer	2.2%	1	-1.6%	0	0
Holding company	8.7%	2	+9.5%	0	0
Unknown	43.8%	30	+0.6%	0	3

Style	Share	Filers	Change	New	Exited
Index-like	11.9%	2	+10.0%	0	0
Concentrated	3.7%	12	-8.3%	0	3
Diversified active	84.4%	72	+2.4%	4	6
Systematic-like	0.0%	0	—	0	0
Not measured	0.0%	0	—	0	0
Unknown	0.0%	0	—	0	0

Turnover	Share	Filers	Change	New	Exited
Low turnover	87.6%	70	+1.9%	3	4
Medium turnover	10.8%	10	+24.4%	1	2
High turnover	0.5%	1	-72.1%	0	3
Unknown	1.1%	5	+18.3%	0	0
Not measured	0.0%	0	—	0	0

Holding horizon	Share	Filers	Change	New	Exited
Short horizon	0.2%	3	0.0%	0	0
Medium horizon	13.9%	14	+15.0%	0	1
Long horizon	80.7%	66	0.0%	2	6
Unknown	5.2%	3	+20.0%	2	2
Not measured	0.0%	0	—	0	0

13F book size	Share	Filers	Change	New	Exited
Under $1B	11.8%	29	+18.8%	2	5
$1B to $10B	26.5%	27	+0.1%	2	2
$10B to $100B	13.9%	17	-12.6%	0	1
$100B or more	47.8%	13	+6.3%	0	1
Not measured	0.0%	0	—	0	0

Client base	Share	Filers	Change	New	Exited
Individuals and high net worth	8.8%	38	-1.0%	3	4
Pooled investment vehicles	0.9%	1	+1338.8%	1	1
Registered funds and BDCs	13.8%	2	+4.9%	0	1
Pension and profit sharing plans	0.1%	1	0.0%	0	0
Other investment advisers	0.1%	1	0.0%	0	0
Diversified	0.1%	1	+1.4%	0	0
Unknown	76.2%	42	+1.7%	0	3

Private funds	Share	Filers	Change	New	Exited
Hedge funds	1.0%	2	-19.0%	1	2
Private equity funds	0.2%	1	+38.7%	0	0
Venture capital funds	0.1%	1	0.0%	0	0
Real estate funds	1.3%	3	+0.1%	0	0
Other private funds	10.8%	4	+12.3%	0	0
Private funds, type not stated	4.0%	1	+10.5%	0	0
No private funds	6.5%	32	+0.4%	3	4
Unknown	76.2%	42	+1.7%	0	3

Location	Share	Filers	Change	New	Exited
United States	98.4%	84	+3.3%	4	8
Outside the US	1.6%	2	-21.8%	0	1

The Sep 30, 2026 filing window is still open, so its bar carries the Jun 30, 2026 positions of filers that have not filed yet.

How the mix is measured

Shares are 13F common shares restated to today's split basis; options and principal amounts are left out. The change compares only filers with a 13F in both quarters and keeps each filer in its bucket of the later quarter on both sides; a filer that continues under a new CIK is compared through its successor. Holder type comes from each filer's current regulatory profile; client base and private funds come from the Form ADV roster current at each quarter end (rosters from December 2019, so an earlier quarter reads Unknown). Style, turnover, horizon and book size are measured from each filer's 13F book in the newest measured quarter, and Not measured means none was. Actively managed books are those measured systematic-like, concentrated or diversified active.

Excluded 1 holder with no observed 2026-03-31 13F.

Conviction and Crowding

86 13F filers, quarter ended Jun 30, 2026

Measured across every 13F filer's common-share book once the quarter's filing window closed. Crowding counts filers with high turnover or that advise private funds on Form ADV.

Conviction holders

0.000% of filers hold it in their top 10

Mar 31, 2026: 0

Holders above 5%

median weight 0.002%

Mar 31, 2026: 0

Crowding

—

no cover-page share count is dated within about a year of the quarter end

Private-fund advisers

—

of shares outstanding

Institutional ownership

—

no cover-page share count is dated within about a year of the quarter end

Top 10 holders

75.9%

of 13F shares, Herfindahl 0.070

Active holders

+1.9%

like-for-like share change of active filers

5% stakes on record

0 13D, 0 13G

How long holders have held it value-weighted 15.4 quarters

Under 1 year 9.65% 1 to 3 years 31.7% 3 years or more 58.7% Since coverage start 0.000%

Managers in the top fifth by current three-year FundScore alpha were net buyers of $0 (0 buying, 0 selling).

Estimated Holder Cost Basis

Quarter ended Jun 30, 2026, on that quarter's share basis

Estimated, never filed: each 13F buy is costed at its quarter's average traded price and each sale keeps the average cost, so this is what holders paid on average if they traded evenly through each quarter.

Estimated avg cost

$6.15

estimated per share

Mar 31, 2026: $6.15

Quarter-end price

$6.54

implied by 13F values

Estimated gain or loss

+6.3%

price against the estimated cost

Estimated at a loss

1.79%

of costed 13F value

Estimated cost covers 46.3% of the 13F shares; positions already held when a filer's 13F history starts, or bought in a quarter without a trusted average price, have no estimate.

Fund Ownership of PMM by Fund Type

Registered funds' Form N-PORT reports for the quarter ended Jun 30, 2026

Index funds and index ETFs hold 0.85% of shares outstanding.

Fund type	Of shares outstanding	Change	Shares	Funds
Index funds	0.00%	0.00 pp	0	0
Index ETFs	0.85%	+0.08 pp	364,202	1
Active ETFs	0.00%	0.00 pp	0	0
Active funds	0.99%	+0.06 pp	424,221	3
Unclassified	0.00%	0.00 pp	0	0
All registered funds	1.84%	+0.14 pp	788,423	4

How fund types are measured

Each fund series counts once, with its latest Form N-PORT report dated inside the quarter; only long share positions count, restated to today's split basis. The fund type is the series' latest Form N-CEN answer on or before the quarter end (the index-fund box and the exchange-traded flag), never its name. Unclassified funds have no usable N-CEN; unit investment trusts are among them, so index ownership is a floor. Funds sit inside their advisers' 13F reports, so these shares overlap the 13F figures and are never added to them.

Holder type: Registered adviser 44 Adviser 3 Bank 6 Broker-dealer 1 Holding company 2 Unknown 31

Showing 87 of 87

All Common Calls Puts

Compact Export CSV

Holder

Value (USD)

% of 13F

RAYMOND JAMES FINANCIAL INC

$7,813,134

12.29%

1,194,669

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
RAYMOND JAMES & ASSOCIATES	1,177,461	$7,700,594	98.6%	Defined
Raymond James Financial Services Advisors, Inc.	17,208	$112,540	1.4%	Defined

WELLS FARGO & COMPANY/MN

$7,215,404

11.35%

1,103,273

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
WELLS FARGO ADVISORS FINANCIAL NETWORK, LLC	257,574	$1,684,533	23.3%	Defined
WELLS FARGO CLEARING SERVICES, LLC	845,699	$5,530,871	76.7%	Defined

Hennion & Walsh Asset Management, Inc.

$6,443,424

10.14%

1,184,453

Advisors Asset Management, Inc.

$6,405,027

10.08%

979,362

MORGAN STANLEY

$5,159,456

8.12%

788,908

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
MORGAN STANLEY SMITH BARNEY LLC	733,701	$4,798,404	93.0%	Defined
PARAMETRIC PORTFOLIO ASSOCIATES LLC	55,207	$361,052	7.0%	Defined

GUGGENHEIM CAPITAL LLC

$4,932,284

7.76%

754,172

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
GUGGENHEIM FUNDS DISTRIBUTORS, LLC	753,102	$4,925,287	99.9%	Defined
SECURITY INVESTORS LLC	1,070	$6,997	0.1%	Defined

ROBINSON CAPITAL MANAGEMENT, LLC

$2,767,407

4.35%

423,151

VAN ECK ASSOCIATES CORP

$2,612,324

4.11%

399,438

Invesco Ltd.

$2,590,075

4.07%

396,036

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Invesco Investment Advisers LLC	396,036	$2,590,075	100.0%	Defined

AMERIPRISE FINANCIAL INC

$2,215,228

3.48%

338,720

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Ameriprise Financial Services, LLC	338,720	$2,215,228	100.0%	Defined

LPL Financial LLC

$1,462,017

2.30%

223,550

&PARTNERS

$770,608

1.21%

117,830

BANK OF AMERICA CORP /DE/

$693,782

1.09%

106,083

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
MERRILL LYNCH, PIERCE, FENNER & SMITH INC.	106,083	$693,782	100.0%	Defined

G2 CAPITAL MANAGEMENT, LLC / OH

$663,260

1.04%

101,416

MELFA WEALTH MANAGEMENT, INC.

$625,740

0.98%

95,679

Thomas J. Herzfeld Advisors, Inc.

$588,017

0.93%

89,911

ROYAL BANK OF CANADA

$564,657

0.89%

86,339

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
RBC Capital Markets, LLC	86,339	$564,657	100.0%	Defined

Bridgewater Advisors Inc.

$497,707

0.78%

76,102

UBS Group AG

$492,311

0.77%

75,277

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
UBS Financial Services Inc	74,754	$488,891	99.3%	Defined
UBS Securities LLC	523	$3,420	0.7%	Defined

OSAIC HOLDINGS, INC.

$489,617

0.77%

74,865

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
OSAIC WEALTH, INC.	74,865	$489,617	100.0%	Defined

Cetera Investment Advisers

$431,273

0.68%

65,944

Capital Investment Advisors, LLC

$385,003

0.61%

58,869

OPPENHEIMER & CO INC

$384,375

0.60%

58,773

COMMONWEALTH EQUITY SERVICES, LLC

$376,769

0.59%

57,610

Rockefeller Capital Management L.P.

$374,401

0.59%

57,248

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
ROCKEFELLER FINANCIAL LLC	57,248	$374,401	100.0%	Defined

Ackerman Capital Advisors, LLC

$354,553

0.56%

54,213

Keudell/Morrison Wealth Management

$339,456

0.53%

62,400

XML Financial, LLC

$308,119

0.48%

47,113

SUSQUEHANNA INTERNATIONAL GROUP, LLP

$304,489

0.48%

46,558

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
G1 EXECUTION SERVICES, LLC	46,558	$304,489	100.0%	Other

Allworth Financial LP

$275,968

0.43%

42,197

Tyche Wealth Partners LLC

$259,781

0.41%

39,722

Kestra Advisory Services, LLC

$254,196

0.40%

38,868

Concurrent Investment Advisors, LLC

$227,272

0.36%

41,778

NewEdge Advisors, LLC

$212,020

0.33%

32,419

WealthBridge Capital Management, LLC

$209,440

0.33%

38,500

Cambridge Investment Research Advisors, Inc.

$205,382

0.32%

31,404

COHEN & STEERS, INC.

$196,200

0.31%

30,000

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Cohen & Steers Capital Management Inc	30,000	$196,200	100.0%	Sole

Clear Creek Financial Management, LLC

$183,250

0.29%

28,020

WESBANCO BANK INC

$181,158

0.28%

27,700

Joseph P. Lucia & Associates, LLC

$180,739

0.28%

27,636

GILL CAPITAL PARTNERS, LLC

$173,992

0.27%

31,984

Noble Wealth Management PBC

$159,353

0.25%

29,293

TWIN FOCUS CAPITAL PARTNERS, LLC

$156,914

0.25%

23,993

Jupiter Wealth Management LLC

$130,800

0.21%

20,000

Mariner, LLC

$127,706

0.20%

19,527

Everstar Asset Management, LLC

$123,606

0.19%

18,900

Fortitude Advisory Group L.L.C.

$116,573

0.18%

21,429

Ashton Thomas Private Wealth, LLC

$113,318

0.18%

17,327

LANGLEY WEALTH MANAGEMENT, LLC

$106,981

0.17%

16,358

HOHIMER WEALTH MANAGEMENT, LLC

$98,100

0.15%

15,000

HighTower Advisors, LLC

$96,798

0.15%

14,801

Meridian Wealth Management, LLC

$93,463

0.15%

14,291

Regal Investment Advisors LLC

$88,983

0.14%

13,606

AE Wealth Management LLC

$84,228

0.13%

12,879

Procyon Advisors, LLC

$83,731

0.13%

12,803

Spire Wealth Management

$81,514

0.13%

12,464

WEDBUSH SECURITIES INC

$81,174

0.13%

12,412

MGO ONE SEVEN LLC

$79,362

0.12%

12,135

Wealthcare Advisory Partners LLC

$78,597

0.12%

12,018

Simplicity Wealth,LLC

$78,480

0.12%

12,000

UMB Bank, n.a.

$73,248

0.12%

11,200

Mesirow Financial Investment Management, Inc.

$67,617

0.11%

10,339

WealthCare Investment Partners, LLC

$65,674

0.10%

10,042

TCTC Holdings, LLC

$65,530

0.10%

10,020

Steward Partners Investment Advisory, LLC

$65,400

0.10%

10,000

ROTHSCHILD INVESTMENT LLC

$65,400

0.10%

10,000

Smallwood Wealth Investment Management, LLC

$58,860

0.09%

9,000

Gunpowder Capital Management, LLC dba Oliver Wealth Management

$46,434

0.07%

7,100

NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO

$46,021

0.07%

7,037

DUNCKER STREETT & CO INC

$45,780

0.07%

7,000

INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC

$37,696

0.06%

5,764

Ascentis Wealth Management, LLC

$17,978

0.03%

2,749

PNC FINANCIAL SERVICES GROUP, INC.

$17,952

0.03%

2,745

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
PNC Wealth Management LLC	2,745	$17,952	100.0%	Defined

Towne Trust Company, N.A

$17,553

0.03%

2,684

Geneos Wealth Management Inc.

$14,021

0.02%

2,144

IFG Advisory, LLC

$11,673

0.02%

1,785

Concord Wealth Partners

$10,163

0.02%

1,554

Farther Finance Advisors, LLC

$8,154

0.01%

1,499

Hilltop National Bank

$7,724

0.01%

1,420

HARBOR INVESTMENT ADVISORY, LLC

$5,440

0.01%

1,000

Mascoma Wealth Management LLC

$4,381

0.01%

670

CDKV HOLDINGS LLC

$4,322

0.01%

661

Community Financial Services Group, LLC

$3,100

0.00%

570

HARBOUR INVESTMENTS, INC.

$3,001

0.00%

459

HIGHLINE WEALTH PARTNERS LLC

$2,420

0.00%

445

CoreCap Advisors, LLC

$544

0.00%

100

HUNTINGTON NATIONAL BANK

0.00%

Key facts CIK 844790 CUSIP 746823103 13F (30d) 13 filings 13 filers Visit website Investor relations