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BlackRock MuniYield Michigan Quality Fund
MIY

64 hedge funds and large institutions have $76.4M invested in BlackRock MuniYield Michigan Quality Fund in 2024 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 21 increasing their positions, 16 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

31% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 16

1.86% less ownership

Funds ownership: 24.9% → 23.04% (-1.9%)

4% less funds holding

Funds holding: 67 → 64 (-3)

9% less capital invested

Capital invested by funds: $83.5M → $76.4M (-$7.16M)

40% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 5

Holders
64
Holders Change
-3
Holders Change %
-4.48%
% of All Funds
0.92%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
3
Increased
21
Reduced
16
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Allspring Global Investments
Allspring Global Investments
North Carolina
+$799K
2
SIA
Sit Investment Associates
Minnesota
+$410K
3
Stifel Financial
Stifel Financial
Missouri
+$149K
4
RCM
Robinson Capital Management
Michigan
+$142K
5
FPCP
Fort Point Capital Partners
California
+$141K

Top Sellers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
-$2.59M
2
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$1.57M
3
LSC
Logan Stone Capital
Illinois
-$980K
4
AA
AQR Arbitrage
Connecticut
-$489K
5
MAV
Mason & Associates (Virginia)
Virginia
-$305K
Name Holding Trade Value Shares
Change 		Change in
Stake
SP
26
Stonebrook Private
Michigan
$415K – – –
LCM
27
Landscape Capital Management
New Jersey
$378K -$5.94K -527 -2%
CFGSD
28
Compass Financial Group (South Dakota)
South Dakota
$363K – – –
Royal Bank of Canada
29
Royal Bank of Canada
Ontario, Canada
$362K +$3.26K +289 +0.9%
Cambridge Investment Research Advisors
30
Cambridge Investment Research Advisors
Iowa
$325K – – –
RJA
31
Raymond James & Associates
Florida
$320K +$45.8K +4,058 +17%
FCMA
32
Foresight Capital Management Advisors
Michigan
$303K – – –
PAG
33
Private Advisor Group
New Jersey
$295K +$3.17K +281 +1%
AWA
34
Acorn Wealth Advisors
Michigan
$273K – – –
Osaic Holdings
35
Osaic Holdings
Arizona
$247K +$226 +20 +0.1%
RWP
36
RWA Wealth Partners
Massachusetts
$247K – – –
Baird Financial Group
37
Baird Financial Group
Wisconsin
$242K -$50.7K -4,494 -18%
Bank of Montreal
38
Bank of Montreal
Ontario, Canada
$241K -$112K -9,958 -35%
PCM
39
Pointe Capital Management
Michigan
$220K – – –
BSW
40
Buckingham Strategic Wealth
Missouri
$218K -$77.4K -6,866 -27%
CAAS
41
Capital Asset Advisory Services
Michigan
$214K +$4.51K +400 +2%
AWM
42
Axxcess Wealth Management
California
$212K +$4.51K +400 +2%
FCM
43
Family Capital Management
Michigan
$205K – – –
WKWM
44
Walter & Keenan Wealth Management
Indiana
$180K +$1.57K +139 +0.9%
Nomura Holdings
45
Nomura Holdings
Japan
$179K – – –
Carson Wealth (CWM LLC)
46
Carson Wealth (CWM LLC)
Nebraska
$171K – – –
UBS Group
47
UBS Group
Switzerland
$161K +$13.7K +1,219 +10%
SPC
48
Sigma Planning Corp
Michigan
$158K +$11 +1 +0%
Northern Trust
49
Northern Trust
Illinois
$157K -$9.99K -886 -6%
Comerica Bank
50
Comerica Bank
Texas
$154K +$135 +12 +0.1%
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MIY Hedge Fund Activity: Q2 2024 in Review

64 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield Michigan Quality Fund (MIY) for Q2 2024, worth a combined $76.4M — down 8.6% from $83.5M a quarter earlier.

Sellers outnumbered buyers: 5 funds closed out of MIY and 3 opened new positions — a net loss of 2 holders — while 16 trimmed existing stakes and 21 added.

The largest buyer was Allspring Global Investments, adding an estimated $799K. The largest seller was Saba Capital Management, cutting an estimated $2.59M.

  • 64 institutional investors held BlackRock MuniYield Michigan Quality Fund (MIY) as of Q2 2024, down from 67 in Q1 2024.
  • Funds reported $76.4M of BlackRock MuniYield Michigan Quality Fund stock for Q2 2024, down 8.6% quarter-over-quarter.
  • 3 funds opened new BlackRock MuniYield Michigan Quality Fund positions in Q2 2024 and 5 closed out, a net change of -2 holders.
  • The largest BlackRock MuniYield Michigan Quality Fund buyer in Q2 2024 was Allspring Global Investments, an estimated $799K added.
  • The largest BlackRock MuniYield Michigan Quality Fund seller in Q2 2024 was Saba Capital Management, an estimated $2.59M sold.

Based on aggregated 13F filings for Q2 2024.