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 Feb. 11) includes Holdings information from 62 money funds (down from 65 two weeks ago), which represent $2.124 trillion (down from $2.268 trillion) of the $4.977 trillion (42.7%) in total money fund assets tracked by Crane Data. (Our Weekly MFPH are e-mail only and aren't available on the website. See our Feb. 10 News, "Feb. MF Portfolio Holdings: Repo Drops, Time Deposits, Treasuries Jump," for more.)
Our latest Weekly MFPH Composition summary again shows Government assets dominating the holdings list with Repurchase Agreements (Repo) totaling $1.042 trillion (down from $1.068 trillion two weeks ago), or 49.1%; Treasuries totaling $802.5 billion (down from $876.5 billion two weeks ago), or 37.8%, and Government Agency securities totaling $110.5 billion (down from $138.2 billion), or 5.2%. Commercial Paper (CP) totaled $60.3 billion (down from two weeks ago at $61.7 billion), or 2.8%. Certificates of Deposit (CDs) totaled $38.3 billion (down from $43.1 billion two weeks ago), or 1.8%. The Other category accounted for $51.9 billion or 2.4%, while VRDNs accounted for $18.7 billion, or 0.9%.
The Ten Largest Issuers in our Weekly Holdings product include: the US Treasury with $802.5 billion (37.8% of total holdings), the Federal Reserve Bank of New York with $672.9B (31.7%), BNP Paribas with $50.8B (2.4%), Fixed Income Clearing Corp with $47.8B (2.3%), Federal Home Loan Bank with $45.7B (2.2%), RBC with $40.5B (1.9%), Federal Farm Credit Bank with $37.3B (1.8%), Societe Generale with $24.7B (1.2%), Mitsubishi UFJ Financial Group Inc with $18.2B (0.9%) and Federal National Mortgage Association with $17.8B (0.8%).
The Ten Largest Funds tracked in our latest Weekly include: JPMorgan US Govt MM ($235.3B), Goldman Sachs FS Govt ($217.2B), Morgan Stanley Inst Liq Govt ($147.2B), Allspring Govt MM ($132.6B), Fidelity Inv MM: Govt Port ($126.6B), Dreyfus Govt Cash Mgmt ($126.2B), Goldman Sachs FS Treas Instruments ($110.4B), JPMorgan 100% US Treas MMkt ($99.9B), First American Govt Oblg ($94.9B) and State Street Inst US Govt ($90.1B). (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 related news, ICI also 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.
The MMF Holdings release says, "The Investment Company Institute (ICI) reports that, as of the final Friday in January, prime money market funds held 29.3 percent of their portfolios in daily liquid assets and 47.6 percent in weekly liquid assets, while government money market funds held 86.9 percent of their portfolios in daily liquid assets and 93.5 percent in weekly liquid assets." Prime DLA was down from 34.6% in December, and Prime WLA was down from 47.9%. Govt MMFs' DLA increased from 84.6% in December and Govt WLA increased from 92.2% the previous month.
ICI explains, "At the end of January, prime funds had a weighted average maturity (WAM) of 32 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 31 days and a WAL of 77 days." Prime WAMs were nine days shorter than December, while WALs were five days lower than the previous month. Govt WAMs were five days shorter and WALs were three days shorter than December, respectively.
Regarding Holdings by Region of Issuer, the release tells us, "Prime money market funds' holdings attributable to the Americas declined from $235.59 billion in December to $160.82 billion in January. Government money market funds’ holdings attributable to the Americas declined from $3,972.38 billion in December to $3,794.54 billion in January."
The Prime Money Market Funds by Region of Issuer table shows Americas-related holdings at $160.8 billion, or 36.6%; Asia and Pacific at $87.9 billion, or 20.0%; Europe at $185.0 billion, or 42.1%; and, Other (including Supranational) at $5.5 billion, or 1.3%. The Government Money Market Funds by Region of Issuer table shows Americas at $3.795 trillion, or 91.9%; Asia and Pacific at $119.7 billion, or 2.9%; Europe at $195.0 billion, 4.7%, and Other (Including Supranational) at $19.3 billion, or 0.5%.
