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MFM

Aberdeen Municipal Income Fund
MFM

46 hedge funds and large institutions have $10.1M invested in Aberdeen Municipal Income Fund in 2013 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 14 increasing their positions, 9 reducing their positions, and closing their positions.

New
Increased
Maintained
Reduced
Closed

56% more repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 9

21% more funds holding

Funds holding: 38 → 46 (+8)

0.29% less ownership

Funds ownership: 4.14% → 3.86% (-0.29%)

13% less capital invested

Capital invested by funds: $11.6M → $10.1M (-$1.52M)

Holders
46
Holders Change
+8
Holders Change %
+21.05%
% of All Funds
1.49%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
14
Reduced
9
Closed
–
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
+$785K
2
Goldman Sachs
Goldman Sachs
New York
+$607K
3
AAM
Advisors Asset Management
Colorado
+$586K
4
PPA
Parametric Portfolio Associates
Washington
+$224K
5
U
UBS
Switzerland
+$194K

Top Sellers

Rank Fund Capital Flow
1
LPL Financial
LPL Financial
California
-$3.08M
2
DA
Doliver Advisors
Texas
-$240K
3
GC
Guggenheim Capital
Illinois
-$142K
4
RJA
Raymond James & Associates
Florida
-$111K
5
Bank of America
Bank of America
North Carolina
-$96.9K
Name Holding Trade Value Shares
Change 		Change in
Stake
LPL Financial
1
LPL Financial
California
$1.82M -$3.08M -490,980 -63%
Wells Fargo
2
Wells Fargo
California
$1.47M +$785K +125,149 +121%
GC
3
Guggenheim Capital
Illinois
$1.28M -$142K -22,626 -10%
Goldman Sachs
4
Goldman Sachs
New York
$620K +$607K +96,670 New
AAM
5
Advisors Asset Management
Colorado
$598K +$586K +93,297 New
NES
6
New England Securities
New York
$412K +$42K +6,700 +12%
Allianz Asset Management
7
Allianz Asset Management
Germany
$345K – – –
Morgan Stanley
8
Morgan Stanley
New York
$304K +$104K +16,560 +54%
PPA
9
Parametric Portfolio Associates
Washington
$229K +$224K +35,749 New
U
10
UBS
Switzerland
$210K +$194K +30,988 +1,694%
RJA
11
Raymond James & Associates
Florida
$208K -$111K -17,731 -35%
Barclays
12
Barclays
United Kingdom
$207K +$125K +19,850 +135%
VanEck Associates
13
VanEck Associates
New York
$193K +$45.2K +7,198 +32%
NPC
14
National Planning Corporation
California
$179K -$20.7K -3,300 -10%
Bank of New York Mellon
15
Bank of New York Mellon
New York
$173K – – –
WAM
16
Wolverine Asset Management
Illinois
$171K +$72.5K +11,558 +76%
Commonwealth Equity Services
17
Commonwealth Equity Services
Massachusetts
$153K +$12.9K +2,051 +9%
HK
18
Horizon Kinetics
New York
$140K – – –
DA
19
Doliver Advisors
Texas
$124K -$240K -38,247 -66%
Bank of America
20
Bank of America
North Carolina
$114K -$96.9K -15,434 -46%
CT
21
Cambridge Trust
Massachusetts
$108K – – –
PP
22
Paloma Partners
Connecticut
$88K +$10.9K +1,734 +14%
Royal Bank of Canada
23
Royal Bank of Canada
Ontario, Canada
$84K +$44.5K +7,095 +118%
FAAS
24
First Allied Advisory Services
California
$81K -$58.2K -9,267 -43%
ANB
25
Amarillo National Bank
Texas
$74K – – –
1
2

MFM Hedge Fund Activity: Q3 2013 in Review

46 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Aberdeen Municipal Income Fund (MFM) for Q3 2013, worth a combined $10.1M — down 13% from $11.6M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new MFM positions and 0 closed out — a net gain of 8 holders — while 14 added to existing stakes and 9 trimmed.

The largest buyer was Wells Fargo, adding an estimated $785K. The largest seller was LPL Financial, cutting an estimated $3.08M.

  • 46 institutional investors held Aberdeen Municipal Income Fund (MFM) as of Q3 2013, up from 38 in Q2 2013.
  • Funds reported $10.1M of Aberdeen Municipal Income Fund stock for Q3 2013, down 13% quarter-over-quarter.
  • 8 funds opened new Aberdeen Municipal Income Fund positions in Q3 2013 and 0 closed out, a net change of +8 holders.
  • The largest Aberdeen Municipal Income Fund buyer in Q3 2013 was Wells Fargo, an estimated $785K added.
  • The largest Aberdeen Municipal Income Fund seller in Q3 2013 was LPL Financial, an estimated $3.08M sold.

Based on aggregated 13F filings for Q3 2013.