BlackRock MuniHoldings Fund
MHD
114 hedge funds and large institutions have $315M invested in BlackRock MuniHoldings Fund in 2025 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 40 increasing their positions, 25 reducing their positions, and 13 closing their positions.
60% more repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 25
15% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 13
5% more capital invested
Capital invested by funds: $300M → $315M (+$15.7M)
2.56% more ownership
Funds ownership: 48.01% → 50.57% (+2.6%)
1% more funds holding
Funds holding: 113 → 114 (+1)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$15.6M |
| 2 |
Allspring Global Investments
Charlotte,
North Carolina
|
+$5.31M |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$2.06M |
| 4 |
Morgan Stanley
New York
|
+$1.98M |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.32M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Allianz Asset Management
Munich,
Germany
|
-$5.38M |
| 2 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
-$4.26M |
| 3 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
-$1.52M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$709K |
| 5 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
-$522K |
MHD Hedge Fund Activity: Q4 2025 in Review
114 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniHoldings Fund (MHD) for Q4 2025, worth a combined $315M — up 5.2% from $300M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new MHD positions and 13 closed out — a net gain of 2 holders — while 40 added to existing stakes and 25 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $15.6M. The largest seller was Allianz Asset Management, exiting entirely with an estimated $5.38M sold.
- 114 institutional investors held BlackRock MuniHoldings Fund (MHD) as of Q4 2025, up from 113 in Q3 2025.
- Funds reported $315M of BlackRock MuniHoldings Fund stock for Q4 2025, up 5.2% quarter-over-quarter.
- 15 funds opened new BlackRock MuniHoldings Fund positions in Q4 2025 and 13 closed out, a net change of +2 holders.
- The largest BlackRock MuniHoldings Fund buyer in Q4 2025 was Karpus Investment Management, an estimated $15.6M added.
- The largest BlackRock MuniHoldings Fund seller in Q4 2025 was Allianz Asset Management, an estimated $5.38M sold.
Based on aggregated 13F filings for Q4 2025.