BlackRock MuniAssets Fund
MUA
55 hedge funds and large institutions have $29.6M invested in BlackRock MuniAssets Fund in 2013 Q4 according to their latest regulatory filings, with 19 funds opening new positions, 12 increasing their positions, 15 reducing their positions, and 6 closing their positions.
217% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 6
31% more funds holding
Funds holding: 42 → 55 (+13)
29% more capital invested
Capital invested by funds: $23M → $29.6M (+$6.64M)
1.77% more ownership
Funds ownership: 5.4% → 7.16% (+1.8%)
20% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NCM
Narwhal Capital Management
Marietta,
Georgia
|
+$1.1M |
| 2 |
GEM
Global Endowment Management
Charlotte,
North Carolina
|
+$1.09M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.02M |
| 4 |
TC
TFS Capital
West Chester,
Pennsylvania
|
+$746K |
| 5 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$612K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$933K |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$440K |
| 3 |
Invesco
Atlanta,
Georgia
|
-$329K |
| 4 |
RCYC
Richard C. Young & Co
Newport,
Rhode Island
|
-$266K |
| 5 |
FTCM
Fir Tree Capital Management
New York
|
-$214K |
MUA Hedge Fund Activity: Q4 2013 in Review
55 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniAssets Fund (MUA) for Q4 2013, worth a combined $29.6M — up 29% from $23M a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new MUA positions and 6 closed out — a net gain of 13 holders — while 12 added to existing stakes and 15 trimmed.
The largest buyer was Narwhal Capital Management, opening a new position worth an estimated $1.1M. The largest seller was Morgan Stanley, cutting an estimated $933K.
- 55 institutional investors held BlackRock MuniAssets Fund (MUA) as of Q4 2013, up from 42 in Q3 2013.
- Funds reported $29.6M of BlackRock MuniAssets Fund stock for Q4 2013, up 29% quarter-over-quarter.
- 19 funds opened new BlackRock MuniAssets Fund positions in Q4 2013 and 6 closed out, a net change of +13 holders.
- The largest BlackRock MuniAssets Fund buyer in Q4 2013 was Narwhal Capital Management, an estimated $1.1M added.
- The largest BlackRock MuniAssets Fund seller in Q4 2013 was Morgan Stanley, an estimated $933K sold.
Based on aggregated 13F filings for Q4 2013.