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BlackRock MuniYield Michigan Quality Fund
MIY

63 hedge funds and large institutions have $64.3M invested in BlackRock MuniYield Michigan Quality Fund in 2023 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 18 increasing their positions, 26 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

25% more first-time investments, than exits

New positions opened: 5 | Existing positions closed: 4

2% more funds holding

Funds holding: 62 → 63 (+1)

1.11% more ownership

Funds ownership: 20.66% → 21.78% (+1.1%)

6% less capital invested

Capital invested by funds: $68.2M → $64.3M (-$3.92M)

31% less repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 26

Holders
63
Holders Change
+1
Holders Change %
+1.61%
% of All Funds
1%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
18
Reduced
26
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$2.95M
2
AA
AQR Arbitrage
Connecticut
+$1.05M
3
SIA
Sit Investment Associates
Minnesota
+$871K
4
RCM
Robinson Capital Management
Michigan
+$483K
5
LSC
Logan Stone Capital
Illinois
+$390K

Top Sellers

Rank Fund Capital Flow
1
RCA
Reitz Capital Advisors
Michigan
-$1.16M
2
Bank of America
Bank of America
North Carolina
-$584K
3
RJA
Raymond James & Associates
Florida
-$372K
4
WDL
Well Done LLC
Michigan
-$346K
5
Cetera Investment Advisers
Cetera Investment Advisers
Illinois
-$324K
Name Holding Trade Value Shares
Change 		Change in
Stake
AIM
26
AHL Investment Management
Florida
$456K +$333K +30,950 +206%
Bank of Montreal
27
Bank of Montreal
Ontario, Canada
$395K +$18.9K +1,755 +6%
Commonwealth Equity Services
28
Commonwealth Equity Services
Massachusetts
$374K +$2.64K +245 +0.7%
Osaic Holdings
29
Osaic Holdings
Arizona
$341K +$82.7K +7,679 +29%
RCA
30
Reitz Capital Advisors
Michigan
$325K -$1.16M -108,141 -77%
CFGSD
31
Compass Financial Group (South Dakota)
South Dakota
$315K – – –
PCM
32
Pointe Capital Management
Michigan
$295K -$16.9K -1,571 -5%
Baird Financial Group
33
Baird Financial Group
Wisconsin
$274K -$180K -16,667 -38%
PAG
34
Private Advisor Group
New Jersey
$272K +$28.1K +2,606 +11%
Stifel Financial
35
Stifel Financial
Missouri
$255K -$74.3K -6,900 -21%
Cambridge Investment Research Advisors
36
Cambridge Investment Research Advisors
Iowa
$253K +$19.4K +1,801 +8%
AWA
37
Acorn Wealth Advisors
Michigan
$252K +$463 +43 +0.2%
RJA
38
Raymond James & Associates
Florida
$246K -$372K -34,573 -58%
RWP
39
RWA Wealth Partners
Massachusetts
$214K – – –
UBS Group
40
UBS Group
Switzerland
$207K -$52.9K -4,914 -19%
FCM
41
Family Capital Management
Michigan
$178K – – –
Susquehanna International Group
42
Susquehanna International Group
Pennsylvania
$170K -$56.5K -5,250 -24%
AAS
43
Avantax Advisory Services
Texas
$166K -$74.9K -6,957 -29%
LCM
44
Landscape Capital Management
New Jersey
$154K -$113K -10,481 -40%
SFC
45
SYM Financial Corp
Indiana
$152K +$165K +15,355 New
SPC
46
Sigma Planning Corp
Michigan
$150K -$20.6K -1,912 -11%
Northern Trust
47
Northern Trust
Illinois
$145K – – –
CAAS
48
Capital Asset Advisory Services
Michigan
$143K -$1.17K -109 -0.8%
AWM
49
Axxcess Wealth Management
California
$143K +$155K +14,400 New
Comerica Bank
50
Comerica Bank
Texas
$133K +$145K +13,432 New
1
2
3

MIY Hedge Fund Activity: Q3 2023 in Review

63 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield Michigan Quality Fund (MIY) for Q3 2023, worth a combined $64.3M — down 5.7% from $68.2M a quarter earlier.

Buyers outnumbered sellers: 5 funds opened new MIY positions and 4 closed out — a net gain of 1 holder — while 18 added to existing stakes and 26 trimmed.

The largest buyer was Saba Capital Management, adding an estimated $2.95M. The largest seller was Reitz Capital Advisors, cutting an estimated $1.16M.

  • 63 institutional investors held BlackRock MuniYield Michigan Quality Fund (MIY) as of Q3 2023, up from 62 in Q2 2023.
  • Funds reported $64.3M of BlackRock MuniYield Michigan Quality Fund stock for Q3 2023, down 5.7% quarter-over-quarter.
  • 5 funds opened new BlackRock MuniYield Michigan Quality Fund positions in Q3 2023 and 4 closed out, a net change of +1 holder.
  • The largest BlackRock MuniYield Michigan Quality Fund buyer in Q3 2023 was Saba Capital Management, an estimated $2.95M added.
  • The largest BlackRock MuniYield Michigan Quality Fund seller in Q3 2023 was Reitz Capital Advisors, an estimated $1.16M sold.

Based on aggregated 13F filings for Q3 2023.