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 |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $29K | +$29.2K | +2,503 | New |
|
|
TRCT
52
Tower Research Capital (TRC)
New York
| $22K | +$21.8K | +1,866 | New |
|
53
Fifth Third Bancorp
Cincinnati,
Ohio
| $8K | – | – | – |
|
|
MA
54
MUFG Americas
New York
| $2K | +$1.77K | +152 | New |
|
|
RCYC
55
Richard C. Young & Co
Newport,
Rhode Island
| – | -$266K | -22,336 | Closed |
|
|
FTCM
56
Fir Tree Capital Management
New York
| – | -$214K | -17,972 | Closed |
|
|
CAN
57
Cetera Advisor Networks
El Segundo,
California
| – | -$149K | -12,467 | Closed |
|
|
PP
58
Paloma Partners
Greenwich,
Connecticut
| – | -$144K | -12,119 | Closed |
|
59
Jones Financial Companies
Des Peres,
Missouri
| – | -$17K | -1,450 | Closed |
|
60
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$10K | -802 | Closed |
|
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.