BlackRock MuniHoldings Fund
MHD
205 hedge funds and large institutions have $839M invested in BlackRock MuniHoldings Fund in 2026 Q1 according to their latest regulatory filings, with 105 funds opening new positions, 82 increasing their positions, 6 reducing their positions, and 11 closing their positions.
1,267% more repeat investments, than reductions
Existing positions increased: 82 | Existing positions reduced: 6
855% more first-time investments, than exits
New positions opened: 105 | Existing positions closed: 11
166% more capital invested
Capital invested by funds: $315M → $839M (+$523M)
133% more funds holding in top 10
Funds holding in top 10: 3 → 7 (+4)
89.15% more ownership
Funds ownership: 50.57% → 139.72% (+89%)
80% more funds holding
Funds holding: 114 → 205 (+91)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$136M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$98M |
| 3 |
Morgan Stanley
New York
|
+$51.3M |
| 4 |
Pathstone Holdings
Englewood,
New Jersey
|
+$33.9M |
| 5 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$21M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MSL
Mackay Shields LLC
New York
|
-$2.16M |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$973K |
| 3 |
USCWA
U.S. Capital Wealth Advisors
Austin,
Texas
|
-$247K |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$198K |
| 5 |
Balyasny Asset Management
Chicago,
Illinois
|
-$173K |
MHD Hedge Fund Activity: Q1 2026 in Review
205 of the 8,208 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniHoldings Fund (MHD) for Q1 2026, worth a combined $839M — up 166% from $315M a quarter earlier.
Buyers outnumbered sellers: 105 funds opened new MHD positions and 11 closed out — a net gain of 94 holders — while 82 added to existing stakes and 6 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $136M. The largest seller was Mackay Shields LLC, cutting an estimated $2.16M.
- 205 institutional investors held BlackRock MuniHoldings Fund (MHD) as of Q1 2026, up from 114 in Q4 2025.
- Funds reported $839M of BlackRock MuniHoldings Fund stock for Q1 2026, up 166% quarter-over-quarter.
- 105 funds opened new BlackRock MuniHoldings Fund positions in Q1 2026 and 11 closed out, a net change of +94 holders.
- The largest BlackRock MuniHoldings Fund buyer in Q1 2026 was Karpus Investment Management, an estimated $136M added.
- The largest BlackRock MuniHoldings Fund seller in Q1 2026 was Mackay Shields LLC, an estimated $2.16M sold.
Based on aggregated 13F filings for Q1 2026.