Vault-13

PUTNAM MUN OPPORTUNITIES TR PMO

SH BEN INT · Closed-End Fund · CUSIP 746922103

88 institutional holders +3 vs Q3 2025
8,677,7438.7m shares reported held*
$92.9mreported value*
6 new 29 added 20 reduced 7 sold out net bought ≈ $6.3m (+590.1k shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $10.70.

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 74Q4 22: 67Q1 23: 69Q2 23: 72Q3 23: 72Q4 23: 86Q1 24: 87Q2 24: 89Q3 24: 101Q4 24: 97Q1 25: 84Q2 25: 88Q3 25: 85Q4 25: 8888Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 202274
Q4 202267
Q1 202369
Q2 202372
Q3 202372
Q4 202386
Q1 202487
Q2 202489
Q3 2024101
Q4 202497
Q1 202584
Q2 202588
Q3 202585
Q4 202588

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
50050Q1 24: 29 bought or addedQ1 24: 33 cut or sold outQ2 24: 37 bought or addedQ2 24: 35 cut or sold outQ2 24Q3 24: 45 bought or addedQ3 24: 35 cut or sold outQ4 24: 36 bought or addedQ4 24: 33 cut or sold outQ4 24Q1 25: 32 bought or addedQ1 25: 43 cut or sold outQ2 25: 40 bought or addedQ2 25: 32 cut or sold outQ2 25Q3 25: 29 bought or addedQ3 25: 29 cut or sold outQ4 25: 35 bought or addedQ4 25: 27 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20242933
Q2 20243735
Q3 20244535
Q4 20243633
Q1 20253243
Q2 20254032
Q3 20252929
Q4 20253527

Biggest buyers

ROBINSON CAPITAL MANAGEMENT, LLC Added +332,941+332.9k
RIVERNORTH CAPITAL MANAGEMENT, LLC Added +180,105+180.1k
Advisors Asset Management, Inc. Added +177,794+177.8k
WELLS FARGO & COMPANY/MN Added +92,359+92.4k
Hennion & Walsh Asset Management, Inc. Added +70,735+70.7k
GUGGENHEIM CAPITAL LLC Added +56,158+56.2k
Invesco Ltd. Added +55,226+55.2k
Focus Partners Wealth New +53,009+53.0k
ENVESTNET ASSET MANAGEMENT INC Added +41,811+41.8k
RIVERBRIDGE PARTNERS LLC Added +41,190+41.2k

Biggest sellers

Pathstone Holdings, LLC Reduced -190,960-191.0k
Matisse Capital Sold out -166,367-166.4k
Karpus Management, Inc. Reduced -94,926-94.9k
1607 Capital Partners, LLC Reduced -39,252-39.3k
NorthCoast Asset Management LLC Sold out -32,000-32.0k
LEIGH BALDWIN & CO., LLC Sold out -25,814-25.8k
COMMONWEALTH EQUITY SERVICES, LLC Reduced -16,742-16.7k
Sunpointe, LLC Sold out -15,360-15.4k
Capital Investment Advisors, LLC Reduced -11,515-11.5k
Private Wealth Advisors, LLC Sold out -11,093-11.1k

Insider purchases and sales in Q4 2025

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

Officers and directors buying vs selling

Number of people, by quarter (10% owners not included)

BuyingSelling
101Q1 24: 0 buyingQ1 24: 0 sellingQ2 24: 0 buyingQ2 24: 0 sellingQ2 24Q3 24: 0 buyingQ3 24: 0 sellingQ4 24: 0 buyingQ4 24: 0 sellingQ4 24Q1 25: 0 buyingQ1 25: 0 sellingQ2 25: 1 buyingQ2 25: 0 sellingQ2 25Q3 25: 0 buyingQ3 25: 0 sellingQ4 25: 0 buyingQ4 25: 0 sellingQ4 25
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q1 20240—0——
Q2 20240—0——
Q3 20240—0——
Q4 20240—0——
Q1 20250—0——
Q2 20251—0——
Q3 20250—0——
Q4 20250—0——

None reported in Q4 2025.

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 GUGGENHEIM CAPITAL LLC 0.05% of their portfolio CHICAGO, IL 663,914663.9k $7.1m $7.1m 0.05% Added +56.2k +56,158
2 Advisors Asset Management, Inc. 0.11% of their portfolio Monument, CO 598,344598.3k $6.4m $6.4m 0.11% Added +177.8k +177,794
3 Hennion & Walsh Asset Management, Inc. 0.19% of their portfolio Parsippany, NJ 518,691518.7k $5.5m $5.5m 0.19% Added +70.7k +70,735
4 ROBINSON CAPITAL MANAGEMENT, LLC 2.21% of their portfolio GROSSE POINTE FARMS, MI 493,396493.4k $5.3m $5.3m 2.21% Added +332.9k +332,941
5 MELFA WEALTH MANAGEMENT, INC. 2.91% of their portfolio WESTBOROUGH, MA 472,403472.4k $5.1m $5.1m 2.91% Reduced -8.0k -8,041
6 RIVERNORTH CAPITAL MANAGEMENT, LLC 0.22% of their portfolio WEST PALM BEACH, FL 427,625427.6k $4.6m $4.6m 0.22% Added +180.1k +180,105
7 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 401,211401.2k $4.3m $4.3m 0.00% Added +16.8k +16,760
8 Pathstone Holdings, LLC 0.02% of their portfolio ENGLEWOOD, NJ 372,584372.6k $4.0m $4.0m 0.02% Reduced -191.0k -190,960
9 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 372,017372.0k $4.0m $4.0m 0.00% Added +92.4k +92,359
10 1607 Capital Partners, LLC 0.23% of their portfolio Richmond, VA 311,109311.1k $3.3m $3.3m 0.23% Reduced -39.3k -39,252
11 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 303,910303.9k $3.3m $3.3m 0.00% Reduced -16.7k -16,742
12 Fiera Capital Corp 0.01% of their portfolio MONTREAL, A8 283,503283.5k $3.0m $3.0m 0.01% Reduced -5.4k -5,372
13 VAN ECK ASSOCIATES CORP 0.00% of their portfolio NEW YORK, NY 210,252210.3k $2.2m $2.2m 0.00% Added +25.5k +25,511
14 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 179,156179.2k $1.9m $1.9m 0.00% Reduced -8.8k -8,833
15 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 178,607178.6k $1.9m $1.9m 0.00% Added +26.6k +26,562
16 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 165,413165.4k $1.8m $1.8m 0.00% Added +41.8k +41,811
17 Karpus Management, Inc. 0.05% of their portfolio Pittsford, NY 161,566161.6k $1.7m $1.7m 0.05% Reduced -94.9k -94,926
18 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 159,253159.3k $1.7m $1.7m 0.00% Added +55.2k +55,226
19 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 155,159155.2k $1.7m $1.7m 0.00% Added +936 +936
20 Worthington Financial Partners, LLC 1.44% of their portfolio WORTHINGTON, OH 152,035152.0k $1.6m $1.6m 1.44% First filing
21 Allspring Global Investments Holdings, LLC 0.00% of their portfolio CHARLOTTE, NC 149,715149.7k $1.6m $1.6m 0.00% Added +17.7k +17,671
22 UBS Group AG 0.00% of their portfolio ZURICH, V8 137,998138.0k $1.5m $1.5m 0.00% Added +1.6k +1,554
23 COHEN & STEERS, INC. 0.00% of their portfolio NEW YORK, NY 134,200134.2k $1.4m $1.4m 0.00% Unchanged
24 RIVERBRIDGE PARTNERS LLC 0.02% of their portfolio MINNEAPOLIS, MN 118,230118.2k $1.3m $1.3m 0.02% Added +41.2k +41,190
25 SMITH, MOORE & CO. 0.09% of their portfolio CLAYTON, MO 115,236115.2k $1.2m $1.2m 0.09% Reduced -10.1k -10,067
26 PARK AVENUE SECURITIES LLC 0.01% of their portfolio NEW YORK, NY 108,352108.4k $1.2m $1.2m 0.01% Reduced -2.4k -2,437
27 Intellus Advisors LLC 0.14% of their portfolio NAPLES, FL 101,019101.0k $1.1m $1.1m 0.14% Reduced -1.4k -1,444
28 Nova R Wealth, Inc. 0.36% of their portfolio OVERLAND PARK, KS 93,05993.1k $995.7k $995.7k 0.36% Unchanged
29 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 89,44789.4k $957.1k $957.1k 0.00% Reduced -4.3k -4,329
30 Capital Investment Advisors, LLC 0.01% of their portfolio ATLANTA, GA 78,67878.7k $841.9k $841.9k 0.01% Reduced -11.5k -11,515
31 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 78,59278.6k $840.9k $840.9k 0.00% Added +5.5k +5,491
32 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 66,36966.4k $710.1k $710.1k 0.00% Added +660 +660
33 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 53,00953.0k $567.2k $567.2k 0.00% New
34 Noble Wealth Management PBC 0.22% of their portfolio GREENWOOD VILLAGE, CO 41,60041.6k $445.1k $445.1k 0.22% Reduced -2.4k -2,400
35 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 38,57038.6k $412.0k $412.0k 0.00% Added +8.5k +8,494
36 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 32,46632.5k $347.0k $347.0k 0.00% Reduced -2.3k -2,312
37 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 31,33231.3k $335.3k $335.3k 0.00% New
38 TWIN FOCUS CAPITAL PARTNERS, LLC 0.04% of their portfolio Boston, MA 31,29431.3k $334.8k $334.8k 0.04% Unchanged
39 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 30,98031.0k $331.5k $331.5k 0.00% Reduced -9.0k -8,952
40 Cyndeo Wealth Partners, LLC 0.02% of their portfolio ST. PETERSBURG, FL 26,01026.0k $278.3k $278.3k 0.02% Added +29 +29
41 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 24,11224.1k $258.0k $258.0k 0.00% Added +3.3k +3,256
42 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 23,18823.2k $248.1k $248.1k 0.00% Added +2.4k +2,406
43 INTEGRATED CAPITAL MANAGEMENT, INC. 0.16% of their portfolio JESSUP, PA 22,90822.9k $245.1k $245.1k 0.16% Reduced -243 -243
44 Generation Capital Management LLC 0.16% of their portfolio PITTSFORD, NY 22,74822.7k $243.4k $243.4k 0.16% Added +6.0k +6,000
45 Ackerman Capital Advisors, LLC 0.05% of their portfolio DALLAS, TX 22,50022.5k $240.8k $240.8k 0.05% Added +2.5k +2,475
46 Stratos Wealth Partners, LTD. 0.00% of their portfolio BEACHWOOD, OH 22,30022.3k $238.6k $238.6k 0.00% Unchanged
47 Closed-End Fund Advisors, Inc. 0.14% of their portfolio RICHMOND, VA 21,64021.6k $231.5k $231.5k 0.14% First filing
48 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 21,50821.5k $230.1k $230.1k 0.00% Reduced -1.2k -1,223
49 Catalina Capital Group, LLC 0.13% of their portfolio Torrance, CA 20,51520.5k $219.5k $219.5k 0.13% Unchanged
50 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 20,37820.4k $218.0k $218.0k 0.00% Unchanged
51 Cresset Asset Management, LLC 0.00% of their portfolio Chicago, IL 20,30020.3k $217.2k $217.2k 0.00% Unchanged
52 OPPENHEIMER & CO INC 0.00% of their portfolio NEW YORK, NY 20,14620.1k $215.6k $215.6k 0.00% Added +2.5k +2,500
53 Burford Brothers, Inc. 0.09% of their portfolio DALLAS, TX 19,90019.9k $212.9k $212.9k 0.09% Unchanged
54 Concurrent Investment Advisors, LLC 0.00% of their portfolio Tampa, FL 18,34018.3k $196.2k $196.2k 0.00% Unchanged
55 Westview Management dba Westview Investment Advisors 0.08% of their portfolio BURLINGTON, VT 15,30015.3k $163.7k $163.7k 0.08% First filing
56 GILL CAPITAL PARTNERS, LLC 0.05% of their portfolio DENVER, CO 14,81314.8k $158.5k $158.5k 0.05% Unchanged
57 Oakmont Investment Advisors, Inc. 0.11% of their portfolio PITTSBURGH, PA 14,10014.1k $150.9k $150.9k 0.11% First filing
58 Spire Wealth Management 0.01% of their portfolio MCLEAN, VA 14,00014.0k $149.8k $149.8k 0.01% Unchanged
59 Moors & Cabot, Inc. 0.01% of their portfolio BOSTON, MA 13,83813.8k $148.1k $148.1k 0.01% Added +1.6k +1,620
60 Successful Portfolios LLC 0.07% of their portfolio CLEARWATER, FL 13,42813.4k $143.1k $143.1k 0.07% Unchanged
61 Collaborative Wealth Managment Inc. 0.05% of their portfolio LAKE MARY, FL 13,40013.4k $143.4k $143.4k 0.05% Unchanged
62 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 12,96513.0k $138.7k $138.7k 0.00% Added +1.1k +1,071
63 STALEY CAPITAL ADVISERS INC 0.01% of their portfolio PITTSBURGH, PA 12,50012.5k $133.8k $133.8k 0.01% Unchanged
64 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 12,00012.0k $128.4k $128.4k 0.00% Reduced -139 -139
65 Tyche Wealth Partners LLC 0.02% of their portfolio PLANO, TX 11,94011.9k $127.8k $127.8k 0.02% Unchanged
66 Aviance Capital Partners, LLC 0.01% of their portfolio NAPLES, FL 10,55510.6k $112.9k $112.9k 0.01% Added +40 +40
67 Wellspring Financial Advisors, LLC 0.01% of their portfolio CLEVELAND, OH 10,50010.5k $112.3k $112.3k 0.01% Unchanged
68 Meridian Wealth Management, LLC 0.00% of their portfolio LEXINGTON, KY 10,10810.1k $108.2k $108.2k 0.00% Unchanged
69 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 10,01410.0k $107.2k $107.2k 0.00% New
70 MAI Capital Management 0.00% of their portfolio INDEPENDENCE, OH 7,2017.2k $77.1k $77.1k 0.00% Unchanged
71 COMERICA BANK 0.00% of their portfolio DALLAS, TX 5,0385.0k $53.9k $53.9k 0.00% Unchanged
72 DUNCKER STREETT & CO INC 0.01% of their portfolio St. Louis, MO 4,9004.9k $52.4k $52.4k 0.01% Unchanged
73 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 4,3484.3k $46.5k $46.5k 0.00% Unchanged
74 Elyxium Wealth, LLC 0.01% of their portfolio BEVERLY HILLS, CA 4,1584.2k $44.5k $44.5k 0.01% New
75 Activest Wealth Management 0.01% of their portfolio AVENTURA, FL 3,7753.8k $40.4k $40.4k 0.01% Reduced -375 -375
76 CX Institutional 0.00% of their portfolio AUBURN, IN 3,0033.0k $32.0k $32.0k 0.00% Added +34 +34
77 ST GERMAIN D J CO INC 0.00% of their portfolio SPRINGFIELD, MA 3,0003.0k $32.1k $32.1k 0.00% Unchanged
78 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 2,5392.5k $27.2k $27.2k 0.00% Unchanged
79 ROTHSCHILD INVESTMENT LLC 0.00% of their portfolio CHICAGO, IL 2,3892.4k $25.6k $25.6k 0.00% Unchanged
80 BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.00% of their portfolio BLUE BELL, PA 2,1232.1k $22.7k $22.7k 0.00% Reduced -800 -800
81 Geneos Wealth Management Inc. 0.00% of their portfolio ENGLEWOOD, CO 1,5631.6k $16.7k $16.7k 0.00% Unchanged
82 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 1,4081.4k $15.1k $15.1k 0.00% Unchanged
83 Kilter Group LLC 0.01% of their portfolio RHINEBECK, NY 1,2551.3k $13.4k $13.4k 0.01% Added +74 +74
84 INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.00% of their portfolio ORLANDO, FL 1,2291.2k $13.2k $13.2k 0.00% New
85 Mascoma Wealth Management LLC 0.00% of their portfolio HANOVER, NH 1,1911.2k $12.7k $12.7k 0.00% Unchanged
86 Anchor Investment Management, LLC 0.00% of their portfolio COLUMBIA, SC 1,0001.0k $10.7k $10.7k 0.00% Unchanged
87 Hilltop National Bank 0.00% of their portfolio CASPER, WY 780780 $8.3k $8.3k 0.00% Unchanged
88 Elevated Capital Advisors, LLC 0.00% of their portfolio SANDY, UT 595595 $6.4k $6.4k 0.00% New