BlackRock MuniAssets Fund
MUA
46 hedge funds and large institutions have $27.6M invested in BlackRock MuniAssets Fund in 2014 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 19 increasing their positions, 12 reducing their positions, and 8 closing their positions.
58% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 12
0.69% less ownership
Funds ownership: 6.71% → 6.02% (-0.69%)
7% less capital invested
Capital invested by funds: $29.6M → $27.6M (-$1.95M)
8% less funds holding
Funds holding: 50 → 46 (-4)
50% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$372K |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$315K |
| 3 |
LPL Financial
San Diego,
California
|
+$187K |
| 4 |
TC
TFS Capital
West Chester,
Pennsylvania
|
+$168K |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
+$162K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GEM
Global Endowment Management
Charlotte,
North Carolina
|
-$1.15M |
| 2 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$1.03M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$1.01M |
| 4 |
N
Nuveen
Charlotte,
North Carolina
|
-$813K |
| 5 |
PIA
Peachtree Investment Advisors
Atlanta,
Georgia
|
-$496K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
AllianceBernstein
Nashville,
Tennessee
| – | -$168K | -13,654 | Closed |
|
52
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$65K | -5,250 | Closed |
|
|
TJHA
53
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
| – | -$31K | -2,500 | Closed |
|
|
TRCT
54
Tower Research Capital (TRC)
New York
| – | -$5K | -400 | Closed |
|
MUA Hedge Fund Activity: Q2 2014 in Review
46 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniAssets Fund (MUA) for Q2 2014, worth a combined $27.6M — down 6.6% from $29.6M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of MUA and 4 opened new positions — a net loss of 4 holders — while 12 trimmed existing stakes and 19 added.
The largest buyer was Bank of America, adding an estimated $372K. The largest seller was Global Endowment Management, cutting an estimated $1.15M.
- 46 institutional investors held BlackRock MuniAssets Fund (MUA) as of Q2 2014, down from 50 in Q1 2014.
- Funds reported $27.6M of BlackRock MuniAssets Fund stock for Q2 2014, down 6.6% quarter-over-quarter.
- 4 funds opened new BlackRock MuniAssets Fund positions in Q2 2014 and 8 closed out, a net change of -4 holders.
- The largest BlackRock MuniAssets Fund buyer in Q2 2014 was Bank of America, an estimated $372K added.
- The largest BlackRock MuniAssets Fund seller in Q2 2014 was Global Endowment Management, an estimated $1.15M sold.
Based on aggregated 13F filings for Q2 2014.