BlackRock MuniHoldings Fund
MHD
23 hedge funds and large institutions have $18.3M invested in BlackRock MuniHoldings Fund in 2015 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 6 increasing their positions, 10 reducing their positions, and 7 closing their positions.
2.36% less ownership
Funds ownership: 9.79% → 7.43% (-2.4%)
21% less funds holding
Funds holding: 29 → 23 (-6)
22% less capital invested
Capital invested by funds: $23.5M → $18.3M (-$5.23M)
40% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 10
71% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 7
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$2.57M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$108K |
| 3 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$52.9K |
| 4 |
TRCT
Tower Research Capital (TRC)
New York
|
+$14K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$2.65K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$3.58M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$1.31M |
| 3 |
MSL
Mackay Shields LLC
New York
|
-$1.25M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$507K |
| 5 |
LSA
Liberty Street Advisors
New York
|
-$455K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$328K | -19,106 | Closed |
|
|
OC
27
Oppenheimer & Co
New York
| – | -$216K | -12,621 | Closed |
|
28
Mariner
Overland Park,
Kansas
| – | -$203K | -11,880 | Closed |
|
|
BRWA
29
B. Riley Wealth Advisors
Boca Raton,
Florida
| – | -$138 | -8,066 | Closed |
|
30
Citigroup
New York
| – | -$7K | -436 | Closed |
|
MHD Hedge Fund Activity: Q1 2015 in Review
23 of the 3,752 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniHoldings Fund (MHD) for Q1 2015, worth a combined $18.3M — down 22% from $23.5M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of MHD and 2 opened new positions — a net loss of 5 holders — while 10 trimmed existing stakes and 6 added.
The largest buyer was Bank of America, adding an estimated $2.57M. The largest seller was Sit Investment Associates, cutting an estimated $3.58M.
- 23 institutional investors held BlackRock MuniHoldings Fund (MHD) as of Q1 2015, down from 29 in Q4 2014.
- Funds reported $18.3M of BlackRock MuniHoldings Fund stock for Q1 2015, down 22% quarter-over-quarter.
- 2 funds opened new BlackRock MuniHoldings Fund positions in Q1 2015 and 7 closed out, a net change of -5 holders.
- The largest BlackRock MuniHoldings Fund buyer in Q1 2015 was Bank of America, an estimated $2.57M added.
- The largest BlackRock MuniHoldings Fund seller in Q1 2015 was Sit Investment Associates, an estimated $3.58M sold.
Based on aggregated 13F filings for Q1 2015.