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BlackRock MuniYield Michigan Quality Fund
MIY

33 hedge funds and large institutions have $31.1M invested in BlackRock MuniYield Michigan Quality Fund in 2015 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 16 increasing their positions, 4 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

300% more repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 4

200% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 4

111% more capital invested

Capital invested by funds: $14.7M → $31.1M (+$16.3M)

32% more funds holding

Funds holding: 25 → 33 (+8)

1.86% more ownership

Funds ownership: 6.15% → 8.01% (+1.9%)

Holders
33
Holders Change
+8
Holders Change %
+32%
% of All Funds
0.92%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
12
Increased
16
Reduced
4
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
+$3.79M
2
WAM
Weiss Asset Management
Massachusetts
+$2.45M
3
Bank of America
Bank of America
North Carolina
+$1.91M
4
KIM
Karpus Investment Management
New York
+$1.69M
5
SCA
Samson Capital Advisors
New York
+$1.03M

Top Sellers

Rank Fund Capital Flow
1
PCM
Pointe Capital Management
Michigan
-$173K
2
CRC
Curi RMB Capital
Illinois
-$153K
3
BIM
BlackRock Investment Management
Delaware
-$99K
4
AIG
American International Group
New York
-$69.6K
5
PAM
Panagora Asset Management
Massachusetts
-$45K
Name Holding Trade Value Shares
Change 		Change in
Stake
Geode Capital Management
26
Geode Capital Management
Massachusetts
$166K – – –
PMFA
27
Plante Moran Financial Advisors
Michigan
$149K – – –
AIG
28
American International Group
New York
$91K -$69.6K -5,248 -43%
Royal Bank of Canada
29
Royal Bank of Canada
Ontario, Canada
$81K +$81.3K +6,135 New
Fifth Third Bancorp
30
Fifth Third Bancorp
Ohio
$80K -$11.1K -841 -12%
WRM
31
Westport Resources Management
Connecticut
$71K +$70.9K +5,352 New
MBT
32
Monroe Bank & Trust
Michigan
$55K +$14.8K +1,114 +37%
RIA
33
Regal Investment Advisors
Michigan
$13K +$13.3K +1,000 New
Northern Trust
34
Northern Trust
Illinois
$4K +$117K +8,847 +34%
CRC
35
Curi RMB Capital
Illinois
– -$153K -11,524 Closed
BIM
36
BlackRock Investment Management
Delaware
– -$99K -7,465 Closed
PAM
37
Panagora Asset Management
Massachusetts
– -$45K -3,394 Closed
TRCT
38
Tower Research Capital (TRC)
New York
– -$19K -1,459 Closed
Citigroup
39
Citigroup
New York
– +$106 +8 New
1
2

MIY Hedge Fund Activity: Q3 2015 in Review

33 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield Michigan Quality Fund (MIY) for Q3 2015, worth a combined $31.1M — up 111% from $14.7M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new MIY positions and 4 closed out — a net gain of 8 holders — while 16 added to existing stakes and 4 trimmed.

The largest buyer was Sit Investment Associates, adding an estimated $3.79M. The largest seller was Pointe Capital Management, cutting an estimated $173K.

  • 33 institutional investors held BlackRock MuniYield Michigan Quality Fund (MIY) as of Q3 2015, up from 25 in Q2 2015.
  • Funds reported $31.1M of BlackRock MuniYield Michigan Quality Fund stock for Q3 2015, up 111% quarter-over-quarter.
  • 12 funds opened new BlackRock MuniYield Michigan Quality Fund positions in Q3 2015 and 4 closed out, a net change of +8 holders.
  • The largest BlackRock MuniYield Michigan Quality Fund buyer in Q3 2015 was Sit Investment Associates, an estimated $3.79M added.
  • The largest BlackRock MuniYield Michigan Quality Fund seller in Q3 2015 was Pointe Capital Management, an estimated $173K sold.

Based on aggregated 13F filings for Q3 2015.