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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
+$2.34M |
| 2 |
RC
Rareview Capital
Las Vegas,
Nevada
|
+$1.99M |
| 3 |
MSL
Mackay Shields LLC
New York
|
+$1.65M |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$986K |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$940K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$2.95M |
| 2 |
Pathstone Holdings
Englewood,
New Jersey
|
-$2.91M |
| 3 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$1.01M |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
-$583K |
| 5 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$504K |
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.