FRANKLIN MUNICIPAL OPPORTUNITIES TRUST (PMO) — Institutional Holders, Q2 2026
90 institutional investment managers reported a PMO position on SEC Form 13F-HR for the quarter ended June 30, 2026, with a combined reported value of $94.8M. 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.
PMO 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
- RIVERNORTH CAPITAL MANAGEMENTAdded · +263,219 sh+$2.8M
- Allspring Global InvestmentsAdded · +157,543 sh+$1.7M
- Thomas J. Herzfeld AdvisorsNew · +70,700 sh+$745.2K
- ROBINSON CAPITAL MANAGEMENTAdded · +66,992 sh+$706.1K
- BANK OF AMERICAAdded · +43,926 sh+$463.0K
Biggest sellers
- GUGGENHEIM CAPITALTrimmed · -168,147 sh-$1.8M
- 1607 Capital PartnersTrimmed · -99,500 sh-$1.0M
- Karpus ManagementTrimmed · -46,689 sh-$492.1K
- PathstoneTrimmed · -42,568 sh-$448.7K
- SUSQUEHANNA INTERNATIONAL GROUP, LLPSold out · -24,229 sh-$255.4K
PMO 13F holders ranked 1–90 of 90
| # | Institution | Shares | Value | % of portfolio | QoQShares vs Q1 2026 |
|---|---|---|---|---|---|
| 1 | RIVERNORTH CAPITAL MANAGEMENT#1 · 949,042 sh | 949,042 | $10.0M | 0.48% | +38.4% |
| 2 | Advisors Asset Management#2 · 701,629 sh | 701,629 | $7.4M | 0.11% | +1.1% |
| 3 | ROBINSON CAPITAL MANAGEMENT#3 · 645,263 sh | 645,263 | $6.8M | 3.00% | +11.6% |
| 4 | Hennion & Walsh Asset Management#4 · 550,516 sh | 550,516 | $5.8M | — | -2.0% |
| 5 | MELFA WEALTH MANAGEMENT#5 · 459,506 sh | 459,506 | $4.8M | 2.61% | -2.7% |
| 6 | MORGAN STANLEY#6 · 443,299 sh | 443,299 | $4.7M | <0.01% | +2.0% |
| 7 | GUGGENHEIM CAPITAL#7 · 430,744 sh | 430,744 | $4.5M | 0.03% | -28.1% |
| 8 | Allspring Global Investments#8 · 307,431 sh | 307,431 | $3.2M | <0.01% | +105.1% |
| 9 | COMMONWEALTH EQUITY SERVICES#9 · 306,528 sh | 306,528 | $3.2M | <0.01% | -0.4% |
| 10 | WELLS FARGO & COMPANY#10 · 280,634 sh | 280,634 | $3.0M | <0.01% | -4.1% |
| 11 | VAN ECK ASSOCIATES#11 · 256,148 sh | 256,148 | $2.7M | <0.01% | +0.9% |
| 12 | Invesco Ltd.#12 · 236,500 sh | 236,500 | $2.5M | <0.01% | +21.3% |
| 13 | 1607 Capital Partners#13 · 211,609 sh | 211,609 | $2.2M | 0.19% | -32.0% |
| 14 | AMERIPRISE FINANCIAL#14 · 209,998 sh | 209,998 | $2.2M | <0.01% | -2.2% |
| 15 | Pathstone#15 · 203,238 sh | 203,238 | $2.1M | <0.01% | -17.3% |
| 16 | BANK OF AMERICA#16 · 197,113 sh | 197,113 | $2.1M | <0.01% | +28.7% |
| 17 | LPL Financial#17 · 178,489 sh | 178,489 | $1.9M | <0.01% | -2.9% |
| 18 | ENVESTNET ASSET MANAGEMENT#18 · 165,602 sh | 165,602 | $1.7M | <0.01% | +1.7% |
| 19 | COHEN & STEERS#19 · 162,200 sh | 162,200 | $1.7M | <0.01% | -4.1% |
| 20 | Worthington Financial Partners#20 · 135,343 sh | 135,343 | $1.4M | — | -5.2% |
| 21 | UBS Group AG#21 · 123,850 sh | 123,850 | $1.3M | <0.01% | -1.9% |
| 22 | PARK AVENUE SECURITIES#22 · 103,738 sh | 103,738 | $1.1M | — | -2.2% |
| 23 | Fiera Capital#23 · 93,752 sh | 93,752 | $988.1K | <0.01% | -4.9% |
| 24 | Nova R Wealth#24 · 93,059 sh | 93,059 | $980.8K | — | 0.0% |
| 25 | Intellus Advisors#25 · 91,217 sh | 91,217 | $961.4K | 0.12% | -4.9% |
| 26 | STIFEL FINANCIAL#26 · 86,275 sh | 86,275 | $909.3K | <0.01% | +6.4% |
| 27 | RAYMOND JAMES FINANCIAL#27 · 83,199 sh | 83,199 | $876.9K | <0.01% | -8.6% |
| 28 | Noble Wealth Management PBC#28 · 82,471 sh | 82,471 | $869.2K | — | +92.9% |
| 29 | SMITH, MOORE#29 · 79,749 sh | 79,749 | $840.6K | 0.05% | +5.4% |
| 30 | Rockefeller Capital Management L.P.#30 · 77,236 sh | 77,236 | $814.1K | <0.01% | -3.7% |
| 31 | Capital Investment Advisors#31 · 73,454 sh | 73,454 | $774.2K | — | -0.6% |
| 32 | Thomas J. Herzfeld Advisors#32 · 70,700 sh | 70,700 | $745.2K | 0.23% | New |
| 33 | Bank of New York Mellon#33 · 59,765 sh | 59,765 | $629.9K | <0.01% | +23.2% |
| 34 | RIVERBRIDGE PARTNERS#34 · 57,807 sh | 57,807 | $609.3K | 0.02% | -24.8% |
| 35 | OSAIC#35 · 44,254 sh | 44,254 | $466.4K | <0.01% | +37.5% |
| 36 | Summit Trail Advisors#36 · 40,461 sh | 40,461 | $426.5K | <0.01% | -5.6% |
| 37 | Cyndeo Wealth Partners#37 · 37,350 sh | 37,350 | $393.7K | — | +31.0% |
| 38 | WILEY BROS.-AINTREE CAPITAL#38 · 31,844 sh | 31,844 | $335.6K | <0.01% | -6.5% |
| 39 | TWIN FOCUS CAPITAL PARTNERS#39 · 31,294 sh | 31,294 | $329.8K | 0.03% | 0.0% |
| 40 | ROYAL BANK OF CANADA#40 · 29,331 sh | 29,331 | $309.0K | 0.00% | -6.7% |
| 41 | Cambridge Investment Research Advisors#41 · 29,279 sh | 29,279 | $309.0K | <0.01% | -10.8% |
| 42 | TORONTO DOMINION BANK#42 · 28,100 sh | 28,100 | $296.2K | <0.01% | New |
| 43 | Stratos Wealth Partners, LTD.#43 · 25,930 sh | 25,930 | $273.3K | <0.01% | 0.0% |
| 44 | GILL CAPITAL PARTNERS#44 · 25,512 sh | 25,512 | $268.9K | — | +100.0% |
| 45 | Generation Capital Management#45 · 22,748 sh | 22,748 | $239.8K | 0.15% | 0.0% |
| 46 | Closed-End Fund Advisors#46 · 21,640 sh | 21,640 | $228.1K | 0.22% | 0.0% |
| 47 | Ackerman Capital Advisors#47 · 21,216 sh | 21,216 | $223.6K | 0.04% | -44.8% |
| 48 | Focus Partners Wealth#48 · 21,009 sh | 21,009 | $221.4K | <0.01% | -15.3% |
| 49 | Cresset Asset Management#49 · 20,300 sh | 20,300 | $214.0K | <0.01% | 0.0% |
| 50 | OPPENHEIMER#50 · 20,200 sh | 20,200 | $212.9K | — | +0.1% |
| 51 | Burford Brothers#51 · 19,900 sh | 19,900 | $209.7K | — | 0.0% |
| 52 | NORTHWESTERN MUTUAL WEALTH MANAGEMENT#52 · 19,778 sh | 19,778 | $208.5K | <0.01% | 0.0% |
| 53 | Concurrent Investment Advisors#53 · 18,340 sh | 18,340 | $193.3K | — | 0.0% |
| 54 | INTEGRATED CAPITAL MANAGEMENT#54 · 18,014 sh | 18,014 | $189.9K | — | -10.3% |
| 55 | Karpus Management#55 · 16,955 sh | 16,955 | $178.7K | <0.01% | -73.4% |
| 56 | Westview Management dba Westview Investment Advisors#56 · 15,300 sh | 15,300 | $161.3K | 0.08% | 0.0% |
| 57 | Moors & Cabot#57 · 14,137 sh | 14,137 | $149.0K | <0.01% | +1.1% |
| 58 | Spire Wealth Management#58 · 14,000 sh | 14,000 | $147.6K | <0.01% | 0.0% |
| 59 | Successful Portfolios#59 · 13,428 sh | 13,428 | $142.8K | — | 0.0% |
| 60 | Collaborative Wealth Managment#60 · 13,400 sh | 13,400 | $141.2K | 0.06% | 0.0% |
| 61 | Smith Asset Management#61 · 12,549 sh | 12,549 | $132.3K | — | -8.7% |
| 62 | STALEY CAPITAL ADVISERS#62 · 12,500 sh | 12,500 | $131.8K | <0.01% | 0.0% |
| 63 | FOLGER NOLAN FLEMING DOUGLAS CAPITAL MANAGEMENT#63 · 12,262 sh | 12,262 | $129.2K | — | 0.0% |
| 64 | Allworth Financial#64 · 12,000 sh | 12,000 | $126.5K | <0.01% | 0.0% |
| 65 | Tyche Wealth Partners#65 · 11,940 sh | 11,940 | $125.8K | 0.02% | 0.0% |
| 66 | HRT FINANCIAL#66 · 11,770 sh | 11,770 | $124.0K | <0.01% | New |
| 67 | LYELL WEALTH MANAGEMENT#67 · 11,531 sh | 11,531 | $121.5K | <0.01% | New |
| 68 | HighTower Advisors#68 · 10,229 sh | 10,229 | $107.8K | <0.01% | -34.9% |
| 69 | Meridian Wealth Management#69 · 10,108 sh | 10,108 | $106.5K | <0.01% | 0.0% |
| 70 | Oakmont Investment Advisors#70 · 10,000 sh | 10,000 | $105.4K | — | 0.0% |
| 71 | FIFTH THIRD BANCORP#71 · 9,353 sh | 9,353 | $98.6K | <0.01% | -0.3% |
| 72 | Integrated Wealth Concepts#72 · 7,199 sh | 7,199 | $75.9K | <0.01% | New |
| 73 | Clear Street Group#73 · 5,050 sh | 5,050 | $53.2K | <0.01% | New |
| 74 | DUNCKER STREETT#74 · 4,900 sh | 4,900 | $51.6K | <0.01% | 0.0% |
| 75 | Global Retirement Partners#75 · 4,348 sh | 4,348 | $45.8K | <0.01% | — |
| 76 | HUNTINGTON NATIONAL BANK#76 · 3,226 sh | 3,226 | $34.0K | <0.01% | 0.0% |
| 77 | CX Institutional#77 · 3,074 sh | 3,074 | $32.0K | — | +1.3% |
| 78 | ST GERMAIN D J#78 · 3,000 sh | 3,000 | $31.6K | <0.01% | 0.0% |
| 79 | HARBOUR INVESTMENTS#79 · 2,908 sh | 2,908 | $30.6K | <0.01% | 0.0% |
| 80 | ROTHSCHILD INVESTMENT#80 · 2,389 sh | 2,389 | $25.2K | <0.01% | 0.0% |
| 81 | BLUE BELL PRIVATE WEALTH MANAGEMENT#81 · 2,123 sh | 2,123 | $22.4K | <0.01% | 0.0% |
| 82 | INTERNATIONAL ASSETS INVESTMENT MANAGEMENT#82 · 1,576 sh | 1,576 | $16.9K | <0.01% | +27.7% |
| 83 | Geneos Wealth Management#83 · 1,563 sh | 1,563 | $16.5K | <0.01% | 0.0% |
| 84 | CULLEN/FROST BANKERS#84 · 1,266 sh | 1,266 | $13.3K | <0.01% | 0.0% |
| 85 | Mascoma Wealth Management#85 · 1,191 sh | 1,191 | $12.6K | — | 0.0% |
| 86 | Anchor Investment Management#86 · 1,000 sh | 1,000 | $10.5K | <0.01% | 0.0% |
| 87 | Community Financial Services Group#87 · 935 sh | 935 | $10.0K | — | 0.0% |
| 88 | Hilltop National Bank#88 · 780 sh | 780 | $8.2K | — | 0.0% |
| 89 | Elevated Capital Advisors#89 · 595 sh | 595 | $6.3K | <0.01% | 0.0% |
| 90 | Capital Analysts#90 · 447 sh | 447 | $5.0K | <0.01% | New |
Funds that sold out of PMO in Q2 2026 (7)
Held PMO 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 |
|---|---|---|
| SUSQUEHANNA INTERNATIONAL GROUP, LLP24,229 sh | 24,229 | $249.6K |
| Aviance Capital Partners11,016 sh | 11,016 | $113.5K |
| MAI Capital Management7,201 sh | 7,201 | $74.2K |
| Activest Wealth Management4,150 sh | 4,150 | $42.7K |
| Advisory Services Network2,483 sh | 2,483 | $25.6K |
| WOLVERINE ASSET MANAGEMENT2,200 sh | 2,200 | $22.7K |
| Western Wealth Management640 sh | 640 | $6.6K |
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.