Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

PUTNAM MANAGED MUN INCOME TR (PMM)

90 + Investors. Track Smart Money conviction in PMM. See who's accumulating, reducing, or initiating positions.

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Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
→ 0
Streak
1Q —
Buyers last Q
56%

Smart Money Signals — PMM

Based on 90 hedge funds · latest filing: 2026 Q1 · updated quarterly

➡️

No change last quarter

last 6Q
The number of hedge funds holding this stock didn't change last quarter. Neither a buying nor selling signal on its own — watch the next quarter for direction.
🏔️

At the ownership peak (97% of max)

97% of all-time peak
90 hedge funds hold PMM right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
📶

Steady growth — +12% more funds vs a year ago

fund count last 6Q
+10 new funds entered over the past year (+12% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 56% buying

34 buying27 selling
Last quarter: 34 funds bought or added vs 27 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
⚠️

Fewer new buyers each quarter (-10 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 15 → 10 → 19 → 9. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

63% of holders stayed for 2+ years

63% conviction (2yr+) 22% medium 14% new
57 out of 90 hedge funds have held PMM for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
➡️

Steady discovery — ~9 new funds/quarter

7 → 15 → 10 → 19 → 9 new funds/Q
New funds entering each quarter: 15 → 10 → 19 → 9. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Deep conviction — 66% of holders stayed 2+ years

66% veterans 14% 1-2yr 20% new
Of 90 current holders: 59 (66%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.

Strong quality — 34% AUM from major funds

34% from top-100 AUM funds
13 of 90 holders rank in the top 100 by AUM, accounting for 34% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.4
out of 10
Low Exit Risk
Exit risk score 3.4/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — PMM

In 2026 Q1, 34 hedge funds were net buyers of PMM (9 opened a new position, 25 added to an existing one), while 27 reduced or exited (18 trimmed, 9 sold completely) — a 56% buyer ratio, indicating a slight buying edge. 34% of total institutional value in PMM is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: flat (entries and exits balanced). Total institutional holders: 90.

Hedge Fund Ownership: PMM

How many hedge funds hold PMM — quarterly history vs. share price
Quarterly hedge fund ownership of PMM vs. share price

Market Analysis: PMM

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: PMM

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy PUTNAM MANAGED MUN INCOME TR (PMM) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much PMM has moved relative to its sector benchmark (XLF) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 59d ago
PMM
+6.8%
XLF
+3.8%

PMM outperformed XLF by +3.0% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 14d ago
PMM
-0.6%
XLF
+0.3%

Since the filing became public, PMM outperformed XLF by -0.9% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

3 top-rated funds 0 high-conviction
Consensus
2.6
/ 10
breadth
×
Elite
0.1
/ 10
conviction
Hedge Fund Positioning: PMM
90 + Investors

Track Smart Money conviction in PMM. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 90 90 -
13F Shares 10M 9M 2.25%
Total Value $57M $60M -6.09%
New Positions 9 19 -10
Increased Positions 25 14 +11
Closed Positions 9 8 +1
Reduced Positions 18 23 -5
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: PMM

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Financial Highlights

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Institutional Holders (2026 Q1)

90 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in PMM. Verified SEC 13F-HR filings.

QUARTER:
Top 25 institutional holders of PMM — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 ROBINSON CAPITAL MANAGEMENT, LLC 0.81% 314,939 $1.9M
2 MELFA WEALTH MANAGEMENT, INC. 0.34% 95,856 $590K
3 Hennion & Walsh Asset Management, Inc. 0.25% 1,214,019 $7.5M
4 G2 CAPITAL MANAGEMENT, LLC / OH 0.15% 101,416 $624K
5 Ackerman Capital Advisors, LLC 0.10% 75,730 $466K
6 Advisors Asset Management, Inc. 0.09% 844,788 $5.2M
7 Keudell/Morrison Wealth Management 0.07% 57,600 $354K
8 Everstar Asset Management, LLC 0.06% 18,900 $116K
9 Joseph P. Lucia & Associates, LLC 0.06% 27,986 $172K
10 GILL CAPITAL PARTNERS, LLC 0.06% 31,984 $197K
11 Noble Wealth Management PBC 0.05% 16,793 $103K
12 WealthBridge Capital Management, LLC 0.05% 36,500 $224K
13 Fortitude Advisory Group L.L.C. 0.05% 18,285 $112K
14 Jupiter Wealth Management LLC 0.05% 20,000 $126K
15 GUGGENHEIM CAPITAL LLC 0.05% 945,720 $5.8M
16 Tyche Wealth Partners LLC 0.04% 39,722 $244K
17 RIVERNORTH CAPITAL MANAGEMENT, LLC 0.03% 107,693 $662K
18 Smallwood Wealth Investment Management, LLC 0.03% 9,000 $55K
19 Bridgewater Advisors Inc. 0.03% 76,102 $478K
20 XML Financial, LLC 0.03% 52,113 $320K
21 TWIN FOCUS CAPITAL PARTNERS, LLC 0.02% 23,993 $148K
22 WealthCare Investment Partners, LLC 0.02% 10,000 $61K
23 Clear Creek Financial Management, LLC 0.02% 31,870 $196K
24 NWF Advisory Services Inc. 0.01% 20,000 $123K
25 HOHIMER WEALTH MANAGEMENT, LLC 0.01% 15,000 $92K
Investor Ownership
History
% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — PUTNAM MANAGED MUN INCOME TR (PMM)

What does the Smart Money Trend signal show for PMM?

No change last quarter: The number of hedge funds holding this stock didn't change last quarter. Neither a buying nor selling signal on its own — watch the next quarter for direction.

What is the institutional breadth score for PMM?

Slight buying edge — 56% buying: Last quarter: 34 funds bought or added vs 27 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for PMM holders?

Strong quality — 34% AUM from major funds: 13 of 90 holders rank in the top 100 by AUM, accounting for 34% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held PMM?

63% of holders stayed for 2+ years: 57 out of 90 hedge funds have held PMM for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy PUTNAM MANAGED MUN INCOME TR (PMM) following the 2026 Q1 hedge fund 13F filings?

As of today, PMM has moved -0.6% since the 2026 Q1 13F filing date (May 15, 2026), compared to +0.3% for the XLF sector ETF — an outperformance of -0.9%. Since the quarter end (March 31, 2026), PMM has gained +6.8% vs +3.8% for XLF. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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