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BlackRock MuniYield Michigan Quality Fund
MIY

64 hedge funds and large institutions have $61.7M invested in BlackRock MuniYield Michigan Quality Fund in 2022 Q4 according to their latest regulatory filings, with 23 funds opening new positions, 13 increasing their positions, 21 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

667% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 3

42% more funds holding

Funds holding: 45 → 64 (+19)

5% more capital invested

Capital invested by funds: $58.7M → $61.7M (+$2.97M)

2.7% more ownership

Funds ownership: 16.17% → 18.86% (+2.7%)

38% less repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 21

100% less funds holding in top 10

Funds holding in top 10: 2 → 0 (-2)

Holders
64
Holders Change
+19
Holders Change %
+42.22%
% of All Funds
1.03%
Holding in Top 10
–
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-100%
% of All Funds
–
New
23
Increased
13
Reduced
21
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Robinson Capital Management
Michigan
+$3.37M
2
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
+$2.9M
3
LSC
Logan Stone Capital
Illinois
+$1.24M
4
SAM
Secure Asset Management
Michigan
+$1.13M
5
WAM
Wolverine Asset Management
Illinois
+$997K

Top Sellers

Rank Fund Capital Flow
1
MSL
Mackay Shields LLC
New York
-$1.51M
2
RCA
Reitz Capital Advisors
Michigan
-$1.12M
3
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
-$480K
4
WKWM
Walter & Keenan Wealth Management
Indiana
-$423K
5
RJA
Raymond James & Associates
Florida
-$387K
Name Holding Trade Value Shares
Change 		Change in
Stake
Stifel Financial
26
Stifel Financial
Missouri
$472K -$334K -29,257 -41%
WKWM
27
Walter & Keenan Wealth Management
Indiana
$462K -$423K -37,036 -47%
SM
28
SG3 Management
Puerto Rico
$444K +$457K +40,000 New
Commonwealth Equity Services
29
Commonwealth Equity Services
Massachusetts
$435K +$19.2K +1,678 +4%
LCM
30
Landscape Capital Management
New Jersey
$426K +$438K +38,368 New
UBS Group
31
UBS Group
Switzerland
$413K -$45.3K -3,972 -10%
Bank of Montreal
32
Bank of Montreal
Ontario, Canada
$385K +$185K +16,223 +115%
JP Morgan Chase
33
JP Morgan Chase
New York
$374K +$385K +33,689 New
CFGSD
34
Compass Financial Group (South Dakota)
South Dakota
$352K +$362K +31,709 New
AA
35
AQR Arbitrage
Connecticut
$352K +$362K +31,708 New
PCM
36
Pointe Capital Management
Michigan
$347K -$110K -9,600 -23%
IWC
37
Integrated Wealth Concepts
Massachusetts
$301K +$309K +27,100 New
AWA
38
Acorn Wealth Advisors
Michigan
$272K +$605 +53 +0.2%
MC
39
Matisse Capital
Oregon
$240K +$247K +21,623 New
LPIC
40
LeJeune Puetz Investment Counsel
Michigan
$239K +$114K +10,000 +87%
Walleye Capital
41
Walleye Capital
New York
$237K +$244K +21,392 New
Northern Trust
42
Northern Trust
Illinois
$222K – – –
FCM
43
Family Capital Management
Michigan
$199K +$205K +17,924 New
SPC
44
Sigma Planning Corp
Michigan
$193K -$93K -8,150 -32%
Osaic Holdings
45
Osaic Holdings
Arizona
$181K -$44K -3,857 -19%
AIM
46
AHL Investment Management
Florida
$166K +$171K +15,000 New
Carson Wealth (CWM LLC)
47
Carson Wealth (CWM LLC)
Nebraska
$166K +$171K +15,000 New
CAAS
48
Capital Asset Advisory Services
Michigan
$165K +$170K +14,909 New
STA
49
Summit Trail Advisors
New York
$157K +$161K +14,146 New
LCM
50
Liberty Capital Management
Michigan
$142K – – –
1
2
3

MIY Hedge Fund Activity: Q4 2022 in Review

64 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield Michigan Quality Fund (MIY) for Q4 2022, worth a combined $61.7M — up 5.1% from $58.7M a quarter earlier.

Buyers outnumbered sellers: 23 funds opened new MIY positions and 3 closed out — a net gain of 20 holders — while 13 added to existing stakes and 21 trimmed.

The largest buyer was Robinson Capital Management, opening a new position worth an estimated $3.37M. The largest seller was Mackay Shields LLC, cutting an estimated $1.51M.

  • 64 institutional investors held BlackRock MuniYield Michigan Quality Fund (MIY) as of Q4 2022, up from 45 in Q3 2022.
  • Funds reported $61.7M of BlackRock MuniYield Michigan Quality Fund stock for Q4 2022, up 5.1% quarter-over-quarter.
  • 23 funds opened new BlackRock MuniYield Michigan Quality Fund positions in Q4 2022 and 3 closed out, a net change of +20 holders.
  • The largest BlackRock MuniYield Michigan Quality Fund buyer in Q4 2022 was Robinson Capital Management, an estimated $3.37M added.
  • The largest BlackRock MuniYield Michigan Quality Fund seller in Q4 2022 was Mackay Shields LLC, an estimated $1.51M sold.

Based on aggregated 13F filings for Q4 2022.