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BlackRock MuniYield Michigan Quality Fund
MIY

42 hedge funds and large institutions have $54.5M invested in BlackRock MuniYield Michigan Quality Fund in 2018 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 17 increasing their positions, 6 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

183% more repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 6

9% more capital invested

Capital invested by funds: $50.1M → $54.5M (+$4.41M)

2.03% more ownership

Funds ownership: 12.97% → 15% (+2%)

2% less funds holding

Funds holding: 43 → 42 (-1)

17% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 6

Holders
42
Holders Change
-1
Holders Change %
-2.33%
% of All Funds
0.96%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
17
Reduced
6
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Robinson Capital Management
Michigan
+$3.43M
2
KIM
Karpus Investment Management
New York
+$2.23M
3
CRC
Curi RMB Capital
Illinois
+$1.58M
4
LCM
Landscape Capital Management
New Jersey
+$1.12M
5
Wells Fargo
Wells Fargo
California
+$1.06M

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$2.14M
2
LCM
Laurion Capital Management
New York
-$1.19M
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$472K
4
DA
Doliver Advisors
Texas
-$207K
5
UBS Group
UBS Group
Switzerland
-$126K
Name Holding Trade Value Shares
Change 		Change in
Stake
TSS
26
Two Sigma Securities
New York
$174K +$180K +14,054 New
IA
27
IFP Advisors
Florida
$166K +$1.99K +155 +1%
AIM
28
Arcadia Investment Management
Michigan
$157K – – –
AWA
29
Acorn Wealth Advisors
Michigan
$154K +$602 +47 +0.4%
LPIC
30
LeJeune Puetz Investment Counsel
Michigan
$143K – – –
BAM
31
Barrett Asset Management
New York
$96K – – –
Walleye Trading
32
Walleye Trading
New York
$76K +$78.1K +6,100 New
Fifth Third Bancorp
33
Fifth Third Bancorp
Ohio
$52K – – –
SWP
34
Stratos Wealth Partners
Ohio
$49K +$50.2K +3,923 New
AG
35
Advisor Group
Arizona
$36K +$12.8K +1,000 +53%
RFM
36
Royal Fund Management
Florida
$21K – – –
ASN
37
Advisory Services Network
Georgia
$19K +$154 +12 +0.8%
Carson Wealth (CWM LLC)
38
Carson Wealth (CWM LLC)
Nebraska
$12K -$24.8K -1,936 -67%
PMFA
39
Plante Moran Financial Advisors
Michigan
$9K – – –
Northern Trust
40
Northern Trust
Illinois
$3K – – –
FIA
41
FNY Investment Advisers
New York
$1K – – –
WKWM
42
Walter & Keenan Wealth Management
Indiana
$356 +$17.6K +1,373 +5%
LCM
43
Laurion Capital Management
New York
– -$1.19M -90,924 Closed
Susquehanna International Group
44
Susquehanna International Group
Pennsylvania
– -$472K -35,996 Closed
DA
45
Doliver Advisors
Texas
– -$207K -15,765 Closed
LTFS
46
Ladenburg Thalmann Financial Services
Florida
– -$87K -6,576 Closed
STA
47
Summit Trail Advisors
New York
– -$8K -622 Closed
Northwestern Mutual Wealth Management
48
Northwestern Mutual Wealth Management
Wisconsin
– -$1K -100 Closed
1
2

MIY Hedge Fund Activity: Q3 2018 in Review

42 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield Michigan Quality Fund (MIY) for Q3 2018, worth a combined $54.5M — up 8.8% from $50.1M a quarter earlier.

Sellers outnumbered buyers: 6 funds closed out of MIY and 5 opened new positions — a net loss of 1 holder — while 6 trimmed existing stakes and 17 added.

The largest buyer was Robinson Capital Management, adding an estimated $3.43M. The largest seller was Morgan Stanley, cutting an estimated $2.14M.

  • 42 institutional investors held BlackRock MuniYield Michigan Quality Fund (MIY) as of Q3 2018, down from 43 in Q2 2018.
  • Funds reported $54.5M of BlackRock MuniYield Michigan Quality Fund stock for Q3 2018, up 8.8% quarter-over-quarter.
  • 5 funds opened new BlackRock MuniYield Michigan Quality Fund positions in Q3 2018 and 6 closed out, a net change of -1 holder.
  • The largest BlackRock MuniYield Michigan Quality Fund buyer in Q3 2018 was Robinson Capital Management, an estimated $3.43M added.
  • The largest BlackRock MuniYield Michigan Quality Fund seller in Q3 2018 was Morgan Stanley, an estimated $2.14M sold.

Based on aggregated 13F filings for Q3 2018.