Latest N-MFP Portfolio Holdings
Crane Data's latest monthly Money Fund Portfolio Holdings statistics will be published Monday, March 11, and we'll be writing our normal monthly update on the Feb. 28 data for Tuesday's News. But we also generate a separate and broader Portfolio Holdings data set based on the SEC's Form N-MFP filings. (We continue to merge the two series, and the N-MFP version is now available via Holdings file listings to Money Fund Wisdom subscribers.) Our summary, with data as of Feb. 28, 2019, includes holdings information from 1,182 money funds (the same number as last month), representing assets of $3.439 trillion (up from $3.368 trillion). We review the latest data below. Our latest Form N-MFP Summary for All Funds (taxable and tax-exempt) shows Repurchase Agreement (Repo) holdings in money market funds totaling $1,092.9 billion (down from $1,097.8 billion on Jan. 31), or 31.8% of all assets. Treasury holdings total $918.0 billion (up from $851.7), or 26.7%, and Government Agency securities total $683.0 billion (up from $682.0 billion), or 19.9%. Commercial Paper (CP) totals $275.9 billion (up from $257.7 billion), or 8.0%, and Certificates of Deposit (CDs) total $232.6 billion (up from $225.4 billion), or 6.8%. The Other category (primarily Time Deposits) totals $131.2 billion (down from $146.8 billion), or 3.8%, and VRDNs account for $105.6 billion (down from $106.8 billion), or 3.1%. Broken out into the SEC's more detailed categories, the CP totals were comprised of: $167.8 billion, or 4.9%, in Financial Company Commercial Paper; $58.5 billion or 1.7%, in Asset Backed Commercial Paper; and, $49.6 billion, or 1.4%, in Non-Financial Company Commercial Paper. The Repo totals were made up of: U.S. Treasury Repo ($652.1B, or 19.0%), U.S. Govt Agency Repo ($403.9B, or 11.7%), and Other Repo ($36.9B, or 1.1%). The N-MFP Holdings summary for the 217 Prime Money Market Funds shows: CP holdings of $270.8 billion (up from $252.6 billion), or 30.8%; CD holdings of $232.6 billion (up from $225.4B), or 26.5%; Repo holdings of $144.5 billion (down from $148.1B), or 16.4%; Other (primarily Time Deposits) holdings of $87.0 billion (up from $86.4B), or 9.9%; Treasury holdings of $100.3 billion (up from $67.2B), or 11.4%; Government Agency holdings of $36.7 billion (down from $37.5B), or 4.2%; and VRDN holdings of $6.8B (unchanged), or 0.8%. The SEC's more detailed categories show CP in Prime MMFs made up of: $167.8 billion (up from $160.7 billion), or 19.1%, in Financial Company Commercial Paper; $58.5 billion, or 6.7%, in Asset Backed Commercial Paper; and, $44.5 billion, or 5.1%, in Non-Financial Company Commercial Paper. The Repo totals include: U.S. Treasury Repo ($55.4B, or 6.3%), U.S. Govt Agency Repo ($52.3B, or 5.9%), and Other Repo ($36.9B, or 4.2%).
