Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Putnam Managed Mun Income Tr (PMM)

86 + 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
↓ -3
Streak
1Q ▼
Buyers last Q
53%

Smart Money Signals — PMM

Based on 87 hedge funds · latest filing: 2026 Q2 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their PMM positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 94% of 3.0Y peak

94% of all-time peak
87 funds currently hold this stock — 94% of the 3.0-year high of 93 funds (reached 2024 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📶

Steady growth — +5% more funds vs a year ago

fund count last 6Q
+4 new funds entered over the past year (+5% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 53% buying

33 buying29 selling
Last quarter: 33 funds bought or added vs 29 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.
➡️

Steady new buyers — ~7 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 10 → 19 → 9 → 7. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

68% of holders stayed for 2+ years

68% conviction (2yr+) 16% medium 16% new
59 out of 87 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.
⚠️

Saturation — most institutions already know this story

15 → 10 → 19 → 9 → 7 new funds/Q
New funds entering each quarter: 10 → 19 → 9 → 7. Far fewer institutions are entering now vs. a year ago. When the pool of potential new buyers shrinks this fast, future price support from institutional inflows weakens significantly.
🏛️

Veteran-anchored — 67% veterans vs 22% newcomers

67% veterans 11% 1-2yr 22% new
Entry-cohort mix of 87 holders: 58 (67%) are 2+ year veterans, 10 entered 1–2 years ago, and 19 (22%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.

Strong quality — 32% AUM from major funds

32% from top-100 AUM funds
10 of 87 holders rank in the top 100 by AUM, accounting for 32% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.2
out of 10
Low Exit Risk
Exit risk score 3.2/10 — 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 Q2, 33 hedge funds were net buyers of PMM (7 opened a new position, 26 added to an existing one), while 29 reduced or exited (19 trimmed, 10 sold completely) — a 53% buyer ratio, indicating a slight buying edge. 32% of total institutional value in PMM is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -3 funds (more exits than new entries). Total institutional holders: 87.

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

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

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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
0.4
/ 10
conviction
Hedge Fund Positioning: PMM
86 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 86 90 -4.44%
13F Shares 10M 10M 2.76%
Total Value $64M $57M 13.67%
New Positions 7 9 -2
Increased Positions 26 25 +1
Closed Positions 11 9 +2
Reduced Positions 19 18 +1
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: PMM

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Institutional Holders (2026 Q2)

86 + 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 PMM holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Robinson Capital Management, LLC 1.22% 423,151 $2.8M
2 Langley Wealth Management, LLC 0.97% 16,358 $148K
3 Melfa Wealth Management, INC. 0.34% 95,679 $626K
4 Hennion & Walsh Asset Management, Inc. 0.22% 1,191,663 $7.8M
5 Thomas J. Herzfeld Advisors, Inc. 0.18% 89,911 $588K
6 G2 Capital Management, LLC / Oh 0.14% 101,416 $663K
7 Advisors Asset Management, Inc. 0.10% 979,362 $6.4M
8 Noble Wealth Management PBC 0.09% 31,793 $208K
9 Ackerman Capital Advisors, LLC 0.07% 54,213 $355K
10 Keudell/Morrison Wealth Management 0.07% 57,600 $377K
11 Everstar Asset Management, LLC 0.06% 18,900 $124K
12 Gill Capital Partners, LLC 0.06% 31,984 $209K
13 Joseph P. Lucia & Associates, LLC 0.05% 27,636 $181K
14 Fortitude Advisory Group L.L.C. 0.05% 21,429 $140K
15 Jupiter Wealth Management LLC 0.05% 20,000 $131K
16 WealthBridge Capital Management, LLC 0.05% 40,000 $262K
17 Tyche Wealth Partners LLC 0.04% 39,722 $260K
18 Gunpowder Capital Management, LLC dba Oliver Wealth Management 0.03% 7,100 $46K
19 Guggenheim Capital LLC 0.03% 754,172 $4.9M
20 Bridgewater Advisors Inc. 0.03% 76,102 $472K
21 Smallwood Wealth Investment Management, LLC 0.03% 9,000 $59K
22 XML Financial, LLC 0.02% 47,113 $308K
23 Twin Focus Capital Partners, LLC 0.02% 23,993 $157K
24 WealthCare Investment Partners, LLC 0.02% 10,042 $66K
25 NWF Advisory Services Inc. 0.01% 20,000 $131K
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?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their PMM positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for PMM?

Slight buying edge — 53% buying: Last quarter: 33 funds bought or added vs 29 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 — 32% AUM from major funds: 10 of 87 holders rank in the top 100 by AUM, accounting for 32% 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?

68% of holders stayed for 2+ years: 59 out of 87 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.

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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