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BlackRock MuniYield Michigan Quality Fund
MIY

62 hedge funds and large institutions have $68.2M invested in BlackRock MuniYield Michigan Quality Fund in 2023 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 20 increasing their positions, 23 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

5% more capital invested

Capital invested by funds: $64.6M → $68.2M (+$3.54M)

1.19% more ownership

Funds ownership: 19.47% → 20.66% (+1.2%)

3% less funds holding

Funds holding: 64 → 62 (-2)

13% less repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 23

14% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 7

Holders
62
Holders Change
-2
Holders Change %
-3.13%
% of All Funds
0.97%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
20
Reduced
23
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$3.56M
2
RCM
Rivernorth Capital Management
Florida
+$1.66M
3
LSC
Logan Stone Capital
Illinois
+$1.11M
4
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
+$752K
5
MC
Matisse Capital
Oregon
+$676K

Top Sellers

Rank Fund Capital Flow
1
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
-$1.93M
2
MSL
Mackay Shields LLC
New York
-$1.41M
3
SAM
Secure Asset Management
Michigan
-$336K
4
IWC
Integrated Wealth Concepts
Massachusetts
-$303K
5
VF
Virtu Financial
New York
-$198K
Name Holding Trade Value Shares
Change 		Change in
Stake
MWM
26
Melfa Wealth Management
Massachusetts
$586K +$408 +37 +0.1%
WKWM
27
Walter & Keenan Wealth Management
Indiana
$518K +$1.1K +100 +0.2%
Baird Financial Group
28
Baird Financial Group
Wisconsin
$489K -$130K -11,772 -21%
Cetera Investment Advisers
29
Cetera Investment Advisers
Illinois
$444K +$79K +7,158 +22%
Commonwealth Equity Services
30
Commonwealth Equity Services
Massachusetts
$414K -$36.4K -3,300 -8%
Bank of Montreal
31
Bank of Montreal
Ontario, Canada
$387K +$15.2K +1,381 +5%
Stifel Financial
32
Stifel Financial
Missouri
$360K -$125K -11,283 -26%
CFGSD
33
Compass Financial Group (South Dakota)
South Dakota
$350K – – –
PCM
34
Pointe Capital Management
Michigan
$345K – – –
Osaic Holdings
35
Osaic Holdings
Arizona
$295K +$13.2K +1,200 +5%
LCM
36
Landscape Capital Management
New Jersey
$287K -$101K -9,157 -26%
UBS Group
37
UBS Group
Switzerland
$285K -$110 -10 -0%
AWA
38
Acorn Wealth Advisors
Michigan
$280K +$1.25K +113 +0.4%
PAG
39
Private Advisor Group
New Jersey
$274K +$2.24K +203 +0.8%
AAS
40
Avantax Advisory Services
Texas
$262K +$262K +23,696 New
Cambridge Investment Research Advisors
41
Cambridge Investment Research Advisors
Iowa
$261K -$1.93M -174,929 -88%
Susquehanna International Group
42
Susquehanna International Group
Pennsylvania
$247K +$67.3K +6,097 +38%
RWP
43
RWA Wealth Partners
Massachusetts
$238K +$238K +21,550 New
JP Morgan Chase
44
JP Morgan Chase
New York
$205K -$159K -14,412 -44%
LFAS
45
Level Four Advisory Services
Texas
$200K – – –
FCM
46
Family Capital Management
Michigan
$198K – – –
SPC
47
Sigma Planning Corp
Michigan
$188K +$24.4K +2,214 +15%
AIM
48
AHL Investment Management
Florida
$166K +$166K +15,000 New
Northern Trust
49
Northern Trust
Illinois
$161K -$5.24K -475 -3%
CAAS
50
Capital Asset Advisory Services
Michigan
$160K -$4.42K -400 -3%
1
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MIY Hedge Fund Activity: Q2 2023 in Review

62 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield Michigan Quality Fund (MIY) for Q2 2023, worth a combined $68.2M — up 5.5% from $64.6M a quarter earlier.

Sellers outnumbered buyers: 7 funds closed out of MIY and 6 opened new positions — a net loss of 1 holder — while 23 trimmed existing stakes and 20 added.

The largest buyer was Saba Capital Management, adding an estimated $3.56M. The largest seller was Cambridge Investment Research Advisors, cutting an estimated $1.93M.

  • 62 institutional investors held BlackRock MuniYield Michigan Quality Fund (MIY) as of Q2 2023, down from 64 in Q1 2023.
  • Funds reported $68.2M of BlackRock MuniYield Michigan Quality Fund stock for Q2 2023, up 5.5% quarter-over-quarter.
  • 6 funds opened new BlackRock MuniYield Michigan Quality Fund positions in Q2 2023 and 7 closed out, a net change of -1 holder.
  • The largest BlackRock MuniYield Michigan Quality Fund buyer in Q2 2023 was Saba Capital Management, an estimated $3.56M added.
  • The largest BlackRock MuniYield Michigan Quality Fund seller in Q2 2023 was Cambridge Investment Research Advisors, an estimated $1.93M sold.

Based on aggregated 13F filings for Q2 2023.