Crane Data published its latest Weekly Money Fund Portfolio Holdings statistics Wednesday, which track a shifting subset of our monthly Portfolio Holdings collection. The most recent cut (with data as of February 13) includes Holdings information from 62 money funds (up 30 from two weeks ago), or $4.220 trillion (up from $2.007 trillion) of the $8.165 trillion in total money fund assets (or 51.7%) tracked by Crane Data. (Note: Our Weekly MFPH are e-mail only and aren't available on the website. See our latest Monthly Money Fund Portfolio Holdings here and our February 11 News, "Feb. Portfolio Holdings: Assets Dip; Agencies Jump, Treasuries Plummet.")
Our latest Weekly MFPH Composition summary shows Government assets dominating the holdings list with Treasuries totaling $1.987 trillion (up from $908.8 billion two weeks ago), or 47.1%; Repurchase Agreements (Repo) totaling $1.515 trillion (up from $779.8 billion two weeks ago), or 35.9%, and Government Agency securities totaling $383.6 billion (up from $222.5 billion two weeks ago), or 9.1%. Commercial Paper (CP) totaled $158.9 billion (up from $44.8 billion two weeks ago), or 3.8%. Certificates of Deposit (CDs) totaled $76.8 billion (up from $21.8 billion two weeks ago), or 1.8%. The Other category accounted for $60.8 billion or 1.4%, while VRDNs accounted for $38.4 billion or 0.9%.
The Ten Largest Issuers in our Weekly Holdings product include: the US Treasury with $1.987 trillion, Fixed Income Clearing Corp with $509.7B, the Federal Home Loan Bank with $223.4B, JP Morgan with $144.3B, RBC with $107.2B, Citi with $100.1B, BNP Paribas with $96.7B, Federal Farm Credit Bank with $95.3B, Wells Fargo with $81.5B and Bank of America with $55.9B.
The Ten Largest Funds tracked in our latest Weekly include: JPMorgan US Govt MM ($331.0B), JPMorgan 100% US Trs MM ($311.9B), Goldman Sachs FS Govt ($295.1B), Fidelity Inv MM: Govt Port ($272.7B), State Street Inst US Govt ($224.3B), Morgan Stanley Inst Liq Govt ($223.6B), BlackRock Lq FedFund ($195.2B), BlackRock Lq Treas Tr ($177.6B), Fidelity Inv MM: MM Port ($168.3B) and Dreyfus Govt Cash Mgmt ($165.3B). (Let us know if you'd like to see our latest domestic U.S. and/or "offshore" Weekly Portfolio Holdings collection and summary.
In related news, ICI recently released its latest monthly "Money Market Fund Holdings" summary, which reviews the aggregate daily and weekly liquid assets, regional exposure, and maturities (WAM and WAL) for Prime and Government money market funds. It tells us, "The Investment Company Institute (ICI) reports that, as of the final Friday in January, prime money market funds held 46.4 percent of their portfolios in daily liquid assets and 60.8 percent in weekly liquid assets, while government money market funds held 76.4 percent of their portfolios in daily liquid assets and 87.9 percent in weekly liquid assets." Prime DLA was up from 46.2% in December, and Prime WLA was up from 59.9%. Govt MMFs' DLA fell from 77.4% and Govt WLA was down from 88.5% for the previous month.
ICI explains, "At the end of January, prime funds had a weighted average maturity (WAM) of 34 days and a weighted average life (WAL) of 54 days. Average WAMs and WALs are asset-weighted. Government money market funds had a WAM of 44 days and a WAL of 96 days." Prime WAMs were up 3 days while WALs were also up 3 days from the previous month. Govt WAMs and WALs were both up from the previous month, WAMs were 2 days longer and WALs were 4 days longer.
Regarding Holdings by Region of Issuer, the release tells us, "Prime money market funds’ holdings attributable to the Americas declined from $785.86 billion in December to $755.74 billion in January. Government money market funds’ holdings attributable to the Americas declined from $6,085.24 billion in December to $5,868.84 billion in January."
The Prime Money Market Funds by Region of Issuer table shows Americas-related holdings at $755.7 billion, or 61.1%; Asia and Pacific at $179.8 billion, or 14.5%; Europe at $271.9 billion, or 22.0%; and, Other (including Supranational) at $29.2 billion, or 2.4%. The Government Money Market Funds by Region of Issuer table shows Americas at $5.869 trillion, or 92.1%; Asia and Pacific at $109.5 or 1.7%; Europe at $353.6 billion, 5.5%, and Other (Including Supranational) at $43.0 billion, or 0.7%.
