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BlackRock MuniHoldings Fund
MHD

109 hedge funds and large institutions have $284M invested in BlackRock MuniHoldings Fund in 2025 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 39 increasing their positions, 30 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

30% more repeat investments, than reductions

Existing positions increased: 39 | Existing positions reduced: 30

27% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 11

0% more funds holding

Funds holding: 109 → 109 (0)

0.56% less ownership

Funds ownership: 48.36% → 47.8% (-0.56%)

4% less capital invested

Capital invested by funds: $296M → $284M (-$11.8M)

Holders
109
Holders Change
–
Holders Change %
0%
% of All Funds
1.44%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.04%
New
14
Increased
39
Reduced
30
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Toronto Dominion Bank
Toronto Dominion Bank
Ontario, Canada
+$2.34M
2
RC
Rareview Capital
Nevada
+$1.99M
3
MSL
Mackay Shields LLC
New York
+$1.65M
4
WAM
Wolverine Asset Management
Illinois
+$986K
5
RCM
Rivernorth Capital Management
Florida
+$940K

Top Sellers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
-$2.95M
2
Pathstone Holdings
Pathstone Holdings
New Jersey
-$2.91M
3
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
-$1.01M
4
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$583K
5
AA
AQR Arbitrage
Connecticut
-$504K
Name Holding Trade Value Shares
Change 		Change in
Stake
Stifel Financial
51
Stifel Financial
Missouri
$374K +$5.14K +458 +1%
Goldman Sachs
52
Goldman Sachs
New York
$364K +$253K +22,500 +224%
NA
53
NewEdge Advisors
Louisiana
$362K -$2.21K -197 -0.6%
EWA
54
Encompass Wealth Advisors
Oregon
$327K +$25.8K +2,300 +9%
OC
55
Oppenheimer & Co
New York
$322K +$1.75K +156 +0.5%
WB
56
WesBanco Bank
West Virginia
$297K – – –
TIM
57
Total Investment Management
Arizona
$289K +$2.92K +260 +1%
PMG
58
ProVise Management Group
Florida
$287K -$11.5K -1,026 -4%
AllianceBernstein
59
AllianceBernstein
Tennessee
$279K – – –
EAM
60
Everstar Asset Management
North Carolina
$262K – – –
FAG
61
Fortitude Advisory Group
Washington
$259K – – –
KL
62
KIM LLC
Kansas
$254K +$2.65K +236 +1%
ICMP
63
Integrated Capital Management (Pennsylvania)
Pennsylvania
$249K +$41.6K +3,709 +20%
ACP
64
Aviance Capital Partners
Florida
$240K +$40.8K +3,633 +20%
USCWA
65
U.S. Capital Wealth Advisors
Texas
$236K +$76.2K +6,792 +48%
SA
66
Sanctuary Advisors
Indiana
$232K +$1.99K +177 +0.9%
Millennium Management
67
Millennium Management
New York
$227K +$228K +20,271 New
Osaic Holdings
68
Osaic Holdings
Arizona
$210K +$13.8K +1,227 +7%
Mariner
69
Mariner
Kansas
$203K +$203K +18,099 New
ASN
70
Advisory Services Network
Georgia
$196K +$42.2K +3,755 +27%
HKAM
71
Horizon Kinetics Asset Management
New York
$193K +$6.95K +619 +4%
Cetera Investment Advisers
72
Cetera Investment Advisers
Illinois
$190K -$3.62K -322 -2%
NFG
73
Nations Financial Group
Iowa
$184K – – –
EAM
74
Empirical Asset Management
Massachusetts
$166K – – –
CL
75
Choreo LLC
Illinois
$158K -$4.06K -362 -3%
1 2
3
4 5

MHD Hedge Fund Activity: Q2 2025 in Review

109 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniHoldings Fund (MHD) for Q2 2025, worth a combined $284M — down 4% from $296M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new MHD positions and 11 closed out — a net gain of 3 holders — while 39 added to existing stakes and 30 trimmed.

The largest buyer was Toronto Dominion Bank, opening a new position worth an estimated $2.34M. The largest seller was Karpus Investment Management, cutting an estimated $2.95M.

  • 109 institutional investors held BlackRock MuniHoldings Fund (MHD) as of Q2 2025, unchanged from Q1 2025.
  • Funds reported $284M of BlackRock MuniHoldings Fund stock for Q2 2025, down 4% quarter-over-quarter.
  • 14 funds opened new BlackRock MuniHoldings Fund positions in Q2 2025 and 11 closed out, a net change of +3 holders.
  • The largest BlackRock MuniHoldings Fund buyer in Q2 2025 was Toronto Dominion Bank, an estimated $2.34M added.
  • The largest BlackRock MuniHoldings Fund seller in Q2 2025 was Karpus Investment Management, an estimated $2.95M sold.

Based on aggregated 13F filings for Q2 2025.