Weekly Holdings; Calastone Webinar
Crane Data published its latest Weekly Money Fund Portfolio Holdings statistics Tuesday, which track a shifting subset of our monthly Portfolio Holdings collection. The most recent cut (with data as of July 24) includes Holdings information from 86 money funds (up 15 from a week ago), which represent $2.475 trillion (up from $2.132 trillion) of the $4.963 trillion (49.9%) in total money fund assets tracked by Crane Data. (Note that our Weekly MFPH are e-mail only and aren't available on the website. For our latest monthly Holdings, see our July 13 News, "July MF Portfolio Holdings: Repo Plunges, Treasuries Break $2.5 Trillion.") Our latest Weekly MFPH Composition summary again shows Government assets dominating the holdings list with Treasury totaling $1.326 trillion (up from $1.204 trillion a week ago), or 53.6%, Repurchase Agreements (Repo) totaling $500.3 billion (up from $404.8 billion a week ago), or 20.2% and Government Agency securities totaling $381.5 billion (up from $339.6 billion), or 15.4%. Commercial Paper (CP) totaled $89.8 billion (up from $59.0 billion), or 3.6% and Certificates of Deposit (CDs) totaled $86.3 billion (up from $68.8 billion), or 3.5%. The Other category accounted for $52.1 billion or 2.1%, while VRDNs accounted for $38.6 billion, or 1.6%. The Ten Largest Issuers in our Weekly Holdings product include: the US Treasury with $1.326 trillion (53.6% of total holdings), Federal Home Loan Bank with $222.8B (9.0%), Federal Farm Credit Bank with $64.0B (2.6%), BNP Paribas with $62.6B (2.5%), Fixed Income Clearing Co with $54.9B (2.2%), Federal National Mortgage Association with $54.7B (2.2%), RBC with $44.6B (1.8%), Federal Home Loan Mortgage Co with $37.6B (1.5%), JP Morgan with $33.8B (1.4%) and Credit Agricole with $32.3B (1.3%). The Ten Largest Funds tracked in our latest Weekly include: Goldman Sachs FS Govt ($246.1B), JP Morgan US Govt MMkt ($192.1B), Fidelity Inv MM: Govt Port ($166.3B), Wells Fargo Govt MM ($139.9B), Federated Hermes Govt Obl ($133.6B), JP Morgan 100% US Treas MMkt ($124.1B), Goldman Sachs FS Treas Instruments ($97.4B), Morgan Stanley Inst Liq Govt ($91.3B), Dreyfus Govt Cash Mgmt ($88.4B), State Street Inst US Govt ($85.9B) and JP Morgan Prime MM ($82.8B). (Let us know if you'd like to see our latest domestic U.S. and/or "offshore" Weekly Portfolio Holdings collection and summary, or our Bond Fund Portfolio Holdings data series.) In other news, Calastone is sponsoring a Euromoney webinar entitled, "Managing the 24-hour money market." It takes place Thursday, July 30 at 9am Eastern (2pm UK). The webinar will feature Edward Lopez of Calastone, Naresh Aggarwal of ACT, Will Goldthwaite of State Street Global Advisors and Paul Przybylski of JP Morgan. It's description explains, "The money market is rapidly becoming a 24-hour industry. But as it becomes more global, continuous and wide-reaching, is that making it easier or harder to do business? This webinar from Euromoney and Calastone explores the importance of robust, accountable and informed technology in underpinning the money market, ensuring that people can make the right decisions with the right information and not simply be swamped with data. At the same time, it asks where we need to ensure oversight exists, so that automation doesn't lead to a lack of accountability or missed opportunities."
