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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
KIM
1
Karpus Investment Management
New York
$12.2M +$12M +1,077,322 New
Wells Fargo
2
Wells Fargo
California
$9.23M +$1.06M +95,299 +13%
Invesco
3
Invesco
Georgia
$8.38M -$1.13M -101,452 -12%
BTS
4
BB&T Securities
Virginia
$8.12M +$8.5K +761 +1%
OHA
5
Oak Hill Advisors
New York
$4.96M +$4.9M +438,605 New
U
6
UBS
Switzerland
$4.29M +$1.26M +112,534 +42%
Morgan Stanley
7
Morgan Stanley
New York
$3.88M -$1.15M -103,264 -23%
PWP
8
Private Wealth Partners
California
$3.43M +$125K +11,200 +4%
AllianceBernstein
9
AllianceBernstein
Tennessee
$3.21M +$3.18M +284,496 New
AAM
10
Advisors Asset Management
Colorado
$3.21M -$725K -64,939 -19%
Wellington Management Group
11
Wellington Management Group
Massachusetts
$2.84M +$1.67M +149,402 +146%
RCM
12
Rivernorth Capital Management
Florida
$2.31M -$153K -13,700 -6%
Deutsche Bank
13
Deutsche Bank
Germany
$2.15M +$2.12M +189,895 New
RJA
14
Raymond James & Associates
Florida
$2.02M -$11.5K -1,031 -0.6%
Cohen & Steers
15
Cohen & Steers
New York
$1.88M +$1.11M +99,749 +150%
LPL Financial
16
LPL Financial
California
$1.66M -$112K -9,990 -6%
Bank of America
17
Bank of America
North Carolina
$1.47M +$952K +85,263 +190%
Citigroup
18
Citigroup
New York
$1.01M -$14.9K -1,330 -1%
GEM
19
Global Endowment Management
North Carolina
$949K +$938K +84,000 New
DLG
20
Daniel L. Goodwin
$939K – – –
PPA
21
Parametric Portfolio Associates
Washington
$927K +$270K +24,161 +42%
PAG
22
Private Advisor Group
New Jersey
$924K +$913K +81,760 New
GC
23
Guggenheim Capital
Illinois
$850K +$589K +52,772 +235%
Royal Bank of Canada
24
Royal Bank of Canada
Ontario, Canada
$776K +$75K +6,715 +11%
DS
25
DRW Securities
Illinois
$613K +$113K +10,152 +23%
1
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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.