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EIM

Eaton Vance Municipal Bond Fund
EIM

65 hedge funds and large institutions have $88.5M invested in Eaton Vance Municipal Bond Fund in 2013 Q4 according to their latest regulatory filings, with 20 funds opening new positions, 21 increasing their positions, 14 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

233% more first-time investments, than exits

New positions opened: 20 | Existing positions closed: 6

50% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 14

45% more capital invested

Capital invested by funds: $61.2M → $88.5M (+$27.3M)

25% more funds holding

Funds holding: 52 → 65 (+13)

3.7% more ownership

Funds ownership: 6.84% → 10.55% (+3.7%)

Holders
65
Holders Change
+13
Holders Change %
+25%
% of All Funds
1.89%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.03%
New
20
Increased
21
Reduced
14
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
KIM
Karpus Investment Management
New York
+$12M
2
OHA
Oak Hill Advisors
New York
+$4.9M
3
AllianceBernstein
AllianceBernstein
Tennessee
+$3.18M
4
Deutsche Bank
Deutsche Bank
Germany
+$2.12M
5
Wellington Management Group
Wellington Management Group
Massachusetts
+$1.67M

Top Sellers

1
Morgan Stanley
Morgan Stanley
New York
-$1.15M
2
Invesco
Invesco
Georgia
-$1.13M
3
SIA
Sit Investment Associates
Minnesota
-$1.13M
4
AAM
Advisors Asset Management
Colorado
-$725K
5
ACM
Argentus Capital Management
Texas
-$186K
Name Holding Trade Value Shares
Change 		Change in
Stake
SG Americas Securities
26
SG Americas Securities
New York
$602K +$595K +53,273 New
VanEck Associates
27
VanEck Associates
New York
$501K -$66K -5,913 -12%
AQR Capital Management
28
AQR Capital Management
Connecticut
$451K +$446K +39,893 New
PNC Financial Services Group
29
PNC Financial Services Group
Pennsylvania
$339K +$216K +19,324 +182%
WFI
30
West Family Investments
California
$288K +$285K +25,500 New
LTFS
31
Ladenburg Thalmann Financial Services
Florida
$287K -$81.1K -7,258 -22%
Jane Street
32
Jane Street
New York
$264K +$260K +23,322 New
YP
33
Yellowstone Partners
Idaho
$247K +$244K +21,838 New
MWM
34
Merriman Wealth Management
Washington
$247K +$245K +21,897 New
HighTower Advisors
35
HighTower Advisors
Illinois
$239K +$237K +21,179 New
HCM
36
Hollencrest Capital Management
California
$233K +$230K +20,590 New
MIM
37
Macroview Investment Management
Maryland
$213K +$34.6K +3,100 +20%
Janney Montgomery Scott
38
Janney Montgomery Scott
Pennsylvania
$197K -$21.1K -1,889 -10%
HK
39
Horizon Kinetics
New York
$182K +$4.82K +432 +3%
VFS
40
VSR Financial Services
Kansas
$181K +$67 +6 +0%
EGA
41
Eagle Global Advisors
Texas
$181K +$179K +16,005 New
B
42
Baird
Wisconsin
$179K -$4.47K -400 -2%
Commonwealth Equity Services
43
Commonwealth Equity Services
Massachusetts
$169K +$916 +82 +0.6%
FFSOTS
44
Fiduciary Financial Services of The Southwest
Texas
$147K -$138K -12,355 -49%
TCM
45
Tradewinds Capital Management
Washington
$141K +$140K +12,500 New
VKH
46
Virtu KCG Holdings
New York
$139K +$137K +12,279 New
ICAS
47
Investors Capital Advisory Services
Massachusetts
$115K -$44.7K -4,000 -28%
PMG
48
ProVise Management Group
Florida
$113K – – –
Creative Planning
49
Creative Planning
Kansas
$111K +$106K +9,501 +2,632%
US Bancorp
50
US Bancorp
Minnesota
$96K +$14.9K +1,334 +19%
1
2
3

EIM Hedge Fund Activity: Q4 2013 in Review

65 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance Municipal Bond Fund (EIM) for Q4 2013, worth a combined $88.5M — up 45% from $61.2M a quarter earlier.

Buyers outnumbered sellers: 20 funds opened new EIM positions and 6 closed out — a net gain of 14 holders — while 21 added to existing stakes and 14 trimmed.

The largest buyer was Karpus Investment Management, opening a new position worth an estimated $12M. The largest seller was Morgan Stanley, cutting an estimated $1.15M.

  • 65 institutional investors held Eaton Vance Municipal Bond Fund (EIM) as of Q4 2013, up from 52 in Q3 2013.
  • Funds reported $88.5M of Eaton Vance Municipal Bond Fund stock for Q4 2013, up 45% quarter-over-quarter.
  • 20 funds opened new Eaton Vance Municipal Bond Fund positions in Q4 2013 and 6 closed out, a net change of +14 holders.
  • The largest Eaton Vance Municipal Bond Fund buyer in Q4 2013 was Karpus Investment Management, an estimated $12M added.
  • The largest Eaton Vance Municipal Bond Fund seller in Q4 2013 was Morgan Stanley, an estimated $1.15M sold.

Based on aggregated 13F filings for Q4 2013.