BlackRock MuniYield Michigan Quality Fund
MIY
25 hedge funds and large institutions have $14.7M invested in BlackRock MuniYield Michigan Quality Fund in 2015 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 10 increasing their positions, 5 reducing their positions, and 2 closing their positions.
250% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 2
100% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 5
19% more funds holding
Funds holding: 21 → 25 (+4)
0.93% less ownership
Funds ownership: 7.08% → 6.15% (-0.93%)
19% less capital invested
Capital invested by funds: $18.2M → $14.7M (-$3.43M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$400K |
| 2 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$306K |
| 3 |
SI
SII Investments
Appleton,
Wisconsin
|
+$212K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$197K |
| 5 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$159K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$1.76M |
| 2 |
LPL Financial
San Diego,
California
|
-$968K |
| 3 |
Goldman Sachs
New York
|
-$932K |
| 4 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$258K |
| 5 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$172K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Northern Trust
Chicago,
Illinois
| $3K | – | – | – |
|
|
27
Goldman Sachs
New York
| – | -$932K | -66,076 | Closed |
|
|
TC
28
TFS Capital
West Chester,
Pennsylvania
| – | -$172K | -12,156 | Closed |
|
MIY Hedge Fund Activity: Q2 2015 in Review
25 of the 3,712 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield Michigan Quality Fund (MIY) for Q2 2015, worth a combined $14.7M — down 19% from $18.2M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new MIY positions and 2 closed out — a net gain of 5 holders — while 10 added to existing stakes and 5 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $400K. The largest seller was Sit Investment Associates, cutting an estimated $1.76M.
- 25 institutional investors held BlackRock MuniYield Michigan Quality Fund (MIY) as of Q2 2015, up from 21 in Q1 2015.
- Funds reported $14.7M of BlackRock MuniYield Michigan Quality Fund stock for Q2 2015, down 19% quarter-over-quarter.
- 7 funds opened new BlackRock MuniYield Michigan Quality Fund positions in Q2 2015 and 2 closed out, a net change of +5 holders.
- The largest BlackRock MuniYield Michigan Quality Fund buyer in Q2 2015 was Morgan Stanley, an estimated $400K added.
- The largest BlackRock MuniYield Michigan Quality Fund seller in Q2 2015 was Sit Investment Associates, an estimated $1.76M sold.
Based on aggregated 13F filings for Q2 2015.