FRANKLIN MANAGED MUNICIPAL INCOME TRUST (PMM) — Institutional Holders, Q2 2026
87 institutional investment managers reported a PMM position on SEC Form 13F-HR for the quarter ended June 30, 2026, with a combined reported value of $65.4M. Every filer is listed below, ranked by position value. Put and call option positions are excluded, and a firm filing several lots or share classes is shown once with its total.
PMM in Q2 2026: what funds did
Funds that filed a 13F for both Q1 2026 and Q2 2026, by what they did with the common stock. Share counts are adjusted for any split between the two quarters; dollar figures are the change in shares at this quarter’s price.
Biggest buyers
- RAYMOND JAMES FINANCIALAdded · +166,640 sh+$1.1M
- Advisors Asset ManagementAdded · +134,574 sh+$880.1K
- ROBINSON CAPITAL MANAGEMENTAdded · +108,212 sh+$707.7K
- Thomas J. Herzfeld AdvisorsNew · +89,911 sh+$588.0K
- MORGAN STANLEYAdded · +70,250 sh+$459.4K
Biggest sellers
- GUGGENHEIM CAPITALTrimmed · -191,548 sh-$1.3M
- RIVERNORTH CAPITAL MANAGEMENTSold out · -107,693 sh-$704.3K
- ROYAL BANK OF CANADATrimmed · -23,323 sh-$152.5K
- Hennion & Walsh Asset ManagementTrimmed · -22,356 sh-$146.2K
- Ackerman Capital AdvisorsTrimmed · -21,517 sh-$140.7K
PMM 13F holders ranked 1–87 of 87
| # | Institution | Shares | Value | % of portfolio | QoQShares vs Q1 2026 |
|---|---|---|---|---|---|
| 1 | RAYMOND JAMES FINANCIAL#1 · 1,194,669 sh | 1,194,669 | $7.8M | <0.01% | +16.2% |
| 2 | Hennion & Walsh Asset Management#2 · 1,191,663 sh | 1,191,663 | $7.8M | — | -1.8% |
| 3 | WELLS FARGO & COMPANY#3 · 1,103,273 sh | 1,103,273 | $7.2M | <0.01% | +2.8% |
| 4 | Advisors Asset Management#4 · 979,362 sh | 979,362 | $6.4M | 0.10% | +15.9% |
| 5 | MORGAN STANLEY#5 · 788,908 sh | 788,908 | $5.2M | <0.01% | +9.8% |
| 6 | GUGGENHEIM CAPITAL#6 · 754,172 sh | 754,172 | $4.9M | 0.03% | -20.3% |
| 7 | ROBINSON CAPITAL MANAGEMENT#7 · 423,151 sh | 423,151 | $2.8M | 1.22% | +34.4% |
| 8 | VAN ECK ASSOCIATES#8 · 399,438 sh | 399,438 | $2.6M | <0.01% | +10.5% |
| 9 | Invesco Ltd.#9 · 396,036 sh | 396,036 | $2.6M | <0.01% | 0.0% |
| 10 | AMERIPRISE FINANCIAL#10 · 338,720 sh | 338,720 | $2.2M | <0.01% | 0.0% |
| 11 | LPL Financial#11 · 223,550 sh | 223,550 | $1.5M | <0.01% | -1.6% |
| 12 | WILEY BROS.-AINTREE CAPITAL#12 · 117,830 sh | 117,830 | $770.6K | <0.01% | +2.9% |
| 13 | BANK OF AMERICA#13 · 106,083 sh | 106,083 | $693.8K | 0.00% | +20.0% |
| 14 | G2 CAPITAL MANAGEMENT, / OH#14 · 101,416 sh | 101,416 | $663.3K | — | 0.0% |
| 15 | MELFA WEALTH MANAGEMENT#15 · 95,679 sh | 95,679 | $625.7K | 0.34% | -0.2% |
| 16 | Thomas J. Herzfeld Advisors#16 · 89,911 sh | 89,911 | $588.0K | 0.18% | New |
| 17 | ROYAL BANK OF CANADA#17 · 86,339 sh | 86,339 | $565.0K | <0.01% | -21.3% |
| 18 | UBS Group AG#18 · 75,277 sh | 75,277 | $492.3K | <0.01% | -3.7% |
| 19 | OSAIC#19 · 74,865 sh | 74,865 | $489.6K | <0.01% | +7.0% |
| 20 | Bridgewater Advisors#20 · 76,102 sh | 76,102 | $471.8K | 0.03% | 0.0% |
| 21 | Cetera Investment Advisers#21 · 65,944 sh | 65,944 | $431.3K | <0.01% | +4.0% |
| 22 | GILL CAPITAL PARTNERS#22 · 63,968 sh | 63,968 | $418.4K | — | +100.0% |
| 23 | Capital Investment Advisors#23 · 58,869 sh | 58,869 | $385.0K | — | -2.5% |
| 24 | OPPENHEIMER#24 · 58,773 sh | 58,773 | $384.4K | — | +1.3% |
| 25 | COMMONWEALTH EQUITY SERVICES#25 · 57,610 sh | 57,610 | $376.8K | <0.01% | +1.7% |
| 26 | Keudell/Morrison Wealth Management#26 · 57,600 sh | 57,600 | $376.7K | — | 0.0% |
| 27 | Rockefeller Capital Management L.P.#27 · 57,248 sh | 57,248 | $374.4K | <0.01% | -16.9% |
| 28 | Ackerman Capital Advisors#28 · 54,213 sh | 54,213 | $354.6K | 0.07% | -28.4% |
| 29 | XML Financial#29 · 47,113 sh | 47,113 | $308.1K | 0.02% | -9.6% |
| 30 | SUSQUEHANNA INTERNATIONAL GROUP, LLP#30 · 46,558 sh | 46,558 | $304.5K | 0.00% | +11.7% |
| 31 | Allworth Financial#31 · 42,197 sh | 42,197 | $276.0K | <0.01% | +7.7% |
| 32 | WealthBridge Capital Management#32 · 40,000 sh | 40,000 | $261.6K | — | +9.6% |
| 33 | Tyche Wealth Partners#33 · 39,722 sh | 39,722 | $259.8K | 0.04% | 0.0% |
| 34 | Kestra Advisory Services#34 · 38,868 sh | 38,868 | $254.2K | <0.01% | -1.5% |
| 35 | NewEdge Advisors#35 · 32,419 sh | 32,419 | $212.0K | <0.01% | 0.0% |
| 36 | Noble Wealth Management PBC#36 · 31,793 sh | 31,793 | $207.9K | — | +89.3% |
| 37 | Cambridge Investment Research Advisors#37 · 31,404 sh | 31,404 | $205.0K | <0.01% | -4.6% |
| 38 | COHEN & STEERS#38 · 30,000 sh | 30,000 | $196.0K | <0.01% | +50.0% |
| 39 | Concurrent Investment Advisors#39 · 29,014 sh | 29,014 | $189.8K | — | 0.0% |
| 40 | Clear Creek Financial Management#40 · 28,020 sh | 28,020 | $183.3K | 0.01% | -12.1% |
| 41 | WESBANCO BANK#41 · 27,700 sh | 27,700 | $181.2K | <0.01% | 0.0% |
| 42 | Joseph P. Lucia & Associates#42 · 27,636 sh | 27,636 | $180.7K | 0.05% | -1.3% |
| 43 | TWIN FOCUS CAPITAL PARTNERS#43 · 23,993 sh | 23,993 | $156.9K | 0.02% | 0.0% |
| 44 | Fortitude Advisory Group L.L.C.#44 · 21,429 sh | 21,429 | $140.1K | — | +17.2% |
| 45 | Jupiter Wealth Management#45 · 20,000 sh | 20,000 | $130.8K | 0.05% | 0.0% |
| 46 | NWF Advisory Services#46 · 20,000 sh | 20,000 | $130.8K | — | 0.0% |
| 47 | Mariner#47 · 19,527 sh | 19,527 | $127.7K | <0.01% | +38.7% |
| 48 | Everstar Asset Management#48 · 18,900 sh | 18,900 | $123.6K | 0.06% | 0.0% |
| 49 | Ashton Thomas Private Wealth#49 · 17,327 sh | 17,327 | $113.3K | <0.01% | 0.0% |
| 50 | LANGLEY WEALTH MANAGEMENT#50 · 16,358 sh | 16,358 | $107.0K | 0.10% | — |
| 51 | HOHIMER WEALTH MANAGEMENT#51 · 15,000 sh | 15,000 | $98.1K | <0.01% | 0.0% |
| 52 | HighTower Advisors#52 · 14,801 sh | 14,801 | $96.8K | <0.01% | -26.7% |
| 53 | Meridian Wealth Management#53 · 14,291 sh | 14,291 | $93.5K | <0.01% | 0.0% |
| 54 | Regal Investment Advisors#54 · 13,606 sh | 13,606 | $89.0K | <0.01% | 0.0% |
| 55 | AE Wealth Management#55 · 12,879 sh | 12,879 | $84.2K | <0.01% | +9.7% |
| 56 | Procyon Advisors#56 · 12,803 sh | 12,803 | $83.7K | — | 0.0% |
| 57 | Spire Wealth Management#57 · 12,464 sh | 12,464 | $81.5K | <0.01% | 0.0% |
| 58 | WEDBUSH SECURITIES#58 · 12,412 sh | 12,412 | $81.0K | — | 0.0% |
| 59 | MGO ONE SEVEN#59 · 12,135 sh | 12,135 | $79.4K | <0.01% | New |
| 60 | Wealthcare Advisory Partners#60 · 12,018 sh | 12,018 | $78.6K | — | 0.0% |
| 61 | Simplicity Wealth#61 · 12,000 sh | 12,000 | $78.5K | — | 0.0% |
| 62 | UMB Bank, n.a.#62 · 11,200 sh | 11,200 | $73.2K | <0.01% | 0.0% |
| 63 | Mesirow Financial Investment Management#63 · 10,339 sh | 10,339 | $67.6K | <0.01% | +1.4% |
| 64 | WealthCare Investment Partners#64 · 10,042 sh | 10,042 | $65.7K | 0.02% | +0.4% |
| 65 | TCTC#65 · 10,020 sh | 10,020 | $65.5K | <0.01% | 0.0% |
| 66 | Steward Partners Investment Advisory#66 · 10,000 sh | 10,000 | $65.4K | <0.01% | -20.5% |
| 67 | ROTHSCHILD INVESTMENT#67 · 10,000 sh | 10,000 | $65.4K | <0.01% | 0.0% |
| 68 | Smallwood Wealth Investment Management#68 · 9,000 sh | 9,000 | $58.9K | 0.03% | 0.0% |
| 69 | Gunpowder Capital Management, dba Oliver Wealth Management#69 · 7,100 sh | 7,100 | $46.4K | 0.03% | 0.0% |
| 70 | NORTHWESTERN MUTUAL WEALTH MANAGEMENT#70 · 7,037 sh | 7,037 | $46.0K | 0.00% | -5.5% |
| 71 | DUNCKER STREETT#71 · 7,000 sh | 7,000 | $45.8K | — | 0.0% |
| 72 | INTERNATIONAL ASSETS INVESTMENT MANAGEMENT#72 · 5,764 sh | 5,764 | $37.7K | <0.01% | +1.1% |
| 73 | ORG Wealth Partners#73 · 2,749 sh | 2,749 | $18.0K | <0.01% | 0.0% |
| 74 | PNC FINANCIAL SERVICES GROUP#74 · 2,745 sh | 2,745 | $18.0K | 0.00% | -33.2% |
| 75 | OLD POINT & FINANCIAL SERVICES N A#75 · 2,684 sh | 2,684 | $17.6K | <0.01% | 0.0% |
| 76 | Geneos Wealth Management#76 · 2,144 sh | 2,144 | $14.0K | <0.01% | 0.0% |
| 77 | AdvisorNet Financial#77 · 2,124 sh | 2,124 | $13.9K | — | 0.0% |
| 78 | IFG Advisory#78 · 1,785 sh | 1,785 | $11.7K | <0.01% | New |
| 79 | Concord Wealth Partners#79 · 1,554 sh | 1,554 | $10.2K | <0.01% | New |
| 80 | Farther Finance Advisors#80 · 1,474 sh | 1,474 | $9.6K | — | +1.4% |
| 81 | Hilltop National Bank#81 · 1,420 sh | 1,420 | $9.3K | — | 0.0% |
| 82 | Mascoma Wealth Management#82 · 670 sh | 670 | $4.4K | — | 0.0% |
| 83 | CDKV#83 · 661 sh | 661 | $4.3K | <0.01% | 0.0% |
| 84 | Community Financial Services Group#84 · 570 sh | 570 | $3.7K | — | 0.0% |
| 85 | HARBOUR INVESTMENTS#85 · 459 sh | 459 | $3.0K | 0.00% | 0.0% |
| 86 | CoreCap Advisors#86 · 100 sh | 100 | $654.00 | — | 0.0% |
| 87 | HUNTINGTON NATIONAL BANK#87 · 1 sh | 1 | $7.00 | 0.00% | 0.0% |
Funds that sold out of PMM in Q2 2026 (9)
Held PMM at the end of Q1 2026 and filed a Q2 2026 13F without it. Not in the list above, because they no longer hold it. Largest prior position first.
| Institution | Shares sold | Value in Q1 2026 |
|---|---|---|
| RIVERNORTH CAPITAL MANAGEMENT107,693 sh | 107,693 | $662.3K |
| NOMURA18,762 sh | 18,762 | $115.4K |
| JANE STREET GROUP11,172 sh | 11,172 | $68.7K |
| Activest Wealth Management6,600 sh | 6,600 | $40.6K |
| WOLVERINE ASSET MANAGEMENT6,249 sh | 6,249 | $38.4K |
| Arkos Global Advisors3,780 sh | 3,780 | $23.0K |
| Global Wealth Strategies & Associates3,105 sh | 3,105 | $19.1K |
| Grove Bank1,959 sh | 1,959 | $12.0K |
| AMERIFLEX GROUP1,200 sh | 1,200 | $7.4K |
Source: Form 13F-HR filings on SEC EDGAR, Q2 2026. Values are as reported by each manager at quarter end. “% of portfolio” is the position’s share of the manager’s total reported 13F value for the same quarter. “New” means the manager filed a 13F for Q1 2026 without this position; a dash means no comparison is available. Where a manager’s own filing is internally inconsistent its value is withheld and it is listed last. 13F data shows reported holdings, not recommendations.