BlackRock MuniYield Michigan Quality Fund
MIY
27 hedge funds and large institutions have $8.06M invested in BlackRock MuniYield Michigan Quality Fund in 2013 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 5 increasing their positions, 8 reducing their positions, and 5 closing their positions.
40% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 5
8% more funds holding
Funds holding: 25 → 27 (+2)
0.26% more ownership
Funds ownership: 3.34% → 3.6% (+0.26%)
0% less capital invested
Capital invested by funds: $8.08M → $8.06M (-$16.6K)
38% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$833K |
| 2 |
AQR Capital Management
Greenwich,
Connecticut
|
+$421K |
| 3 |
Morgan Stanley
New York
|
+$309K |
| 4 |
B
Baird
Milwaukee,
Wisconsin
|
+$279K |
| 5 |
Barclays
London,
United Kingdom
|
+$104K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$350K |
| 2 |
DA
Doliver Advisors
Houston,
Texas
|
-$335K |
| 3 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$234K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$141K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$138K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TRCT
26
Tower Research Capital (TRC)
New York
| $3K | +$2.52K | +200 | New |
|
|
RJFSA
27
Raymond James Financial Services Advisors
St. Petersburg,
Florida
| – | -$350K | -25,422 | Closed |
|
|
DA
28
Doliver Advisors
Houston,
Texas
| – | -$335K | -24,316 | Closed |
|
|
HK
29
Horizon Kinetics
New York
| – | -$45K | -3,263 | Closed |
|
30
Nomura Holdings
Tokyo,
Japan
| – | -$29K | -2,100 | Closed |
|
|
BIM
31
BlackRock Investment Management
Wilmington,
Delaware
| – | -$25K | -1,791 | Closed |
|
32
Creative Planning
Overland Park,
Kansas
| – | +$13 | +1 | New |
|
MIY Hedge Fund Activity: Q3 2013 in Review
27 of the 3,085 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield Michigan Quality Fund (MIY) for Q3 2013, worth a combined $8.06M — down 0.21% from $8.08M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new MIY positions and 5 closed out — a net gain of 2 holders — while 5 added to existing stakes and 8 trimmed.
The largest buyer was Goldman Sachs, opening a new position worth an estimated $833K. The largest seller was Raymond James Financial Services Advisors, exiting entirely with an estimated $350K sold.
- 27 institutional investors held BlackRock MuniYield Michigan Quality Fund (MIY) as of Q3 2013, up from 25 in Q2 2013.
- Funds reported $8.06M of BlackRock MuniYield Michigan Quality Fund stock for Q3 2013, down 0.21% quarter-over-quarter.
- 7 funds opened new BlackRock MuniYield Michigan Quality Fund positions in Q3 2013 and 5 closed out, a net change of +2 holders.
- The largest BlackRock MuniYield Michigan Quality Fund buyer in Q3 2013 was Goldman Sachs, an estimated $833K added.
- The largest BlackRock MuniYield Michigan Quality Fund seller in Q3 2013 was Raymond James Financial Services Advisors, an estimated $350K sold.
Based on aggregated 13F filings for Q3 2013.