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BlackRock MuniYield Michigan Quality Fund
MIY

54 hedge funds and large institutions have $65.7M invested in BlackRock MuniYield Michigan Quality Fund in 2025 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 16 increasing their positions, 14 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

14% more repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 14

1.66% less ownership

Funds ownership: 21.6% → 19.94% (-1.7%)

6% less capital invested

Capital invested by funds: $70.1M → $65.7M (-$4.38M)

8% less funds holding

Funds holding: 59 → 54 (-5)

50% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 8

Holders
54
Holders Change
-5
Holders Change %
-8.47%
% of All Funds
0.72%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
4
Increased
16
Reduced
14
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
FA
FSA Advisors
Michigan
+$1.16M
2
KAS
Kestra Advisory Services
Texas
+$482K
3
Stifel Financial
Stifel Financial
Missouri
+$376K
4
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
+$304K
5
AWM
Axxcess Wealth Management
California
+$147K

Top Sellers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
-$6.05M
2
LSC
Logan Stone Capital
Illinois
-$386K
3
AA
AQR Arbitrage
Connecticut
-$343K
4
WMA
West Michigan Advisors
Michigan
-$230K
5
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$215K
Name Holding Trade Value Shares
Change 		Change in
Stake
CAAS
26
Capital Asset Advisory Services
Michigan
$369K +$147K +12,750 +66%
AWM
27
Axxcess Wealth Management
California
$364K +$147K +12,750 +66%
CFGSD
28
Compass Financial Group (South Dakota)
South Dakota
$361K – – –
Baird Financial Group
29
Baird Financial Group
Wisconsin
$325K -$115K -9,989 -26%
Cambridge Investment Research Advisors
30
Cambridge Investment Research Advisors
Iowa
$323K -$7.87K -684 -2%
PAG
31
Private Advisor Group
New Jersey
$304K +$2.52K +219 +0.8%
FCMA
32
Foresight Capital Management Advisors
Michigan
$302K – – –
SFC
33
Summit Financial Consulting
Michigan
$282K +$285K +24,801 New
AWA
34
Acorn Wealth Advisors
Michigan
$267K -$4.53K -394 -2%
RWP
35
RWA Wealth Partners
Massachusetts
$245K – – –
Bank of Montreal
36
Bank of Montreal
Ontario, Canada
$226K +$1.24K +108 +0.5%
PCM
37
Pointe Capital Management
Michigan
$219K – – –
Focus Partners Wealth
38
Focus Partners Wealth
Massachusetts
$217K – – –
SRC
39
Shufro Rose & Co
New York
$199K +$57.5K +5,000 +40%
Northern Trust
40
Northern Trust
Illinois
$159K +$610 +53 +0.4%
HI
41
Harbour Investments
Wisconsin
$139K – – –
UBS Group
42
UBS Group
Switzerland
$133K -$69.1K -6,004 -34%
WKWM
43
Walter & Keenan Wealth Management
Indiana
$133K +$1.24K +108 +0.9%
Comerica Bank
44
Comerica Bank
Texas
$132K +$115 +10 +0.1%
Envestnet Asset Management
45
Envestnet Asset Management
Illinois
$120K -$2.99K -260 -2%
SQA
46
Simon Quick Advisors
New Jersey
$116K +$117K +10,182 New
BBPWM
47
Blue Bell Private Wealth Management
Pennsylvania
$78.7K – – –
EC
48
Elequin Capital
New York
$28.8K -$20.8K -1,808 -42%
CA
49
CoreCap Advisors
Michigan
$22.6K – – –
IA
50
IFP Advisors
Florida
$15.5K – – –
1
2
3

MIY Hedge Fund Activity: Q1 2025 in Review

54 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield Michigan Quality Fund (MIY) for Q1 2025, worth a combined $65.7M — down 6.3% from $70.1M a quarter earlier.

Sellers outnumbered buyers: 8 funds closed out of MIY and 4 opened new positions — a net loss of 4 holders — while 14 trimmed existing stakes and 16 added.

The largest buyer was FSA Advisors, opening a new position worth an estimated $1.16M. The largest seller was Saba Capital Management, exiting entirely with an estimated $6.05M sold.

  • 54 institutional investors held BlackRock MuniYield Michigan Quality Fund (MIY) as of Q1 2025, down from 59 in Q4 2024.
  • Funds reported $65.7M of BlackRock MuniYield Michigan Quality Fund stock for Q1 2025, down 6.3% quarter-over-quarter.
  • 4 funds opened new BlackRock MuniYield Michigan Quality Fund positions in Q1 2025 and 8 closed out, a net change of -4 holders.
  • The largest BlackRock MuniYield Michigan Quality Fund buyer in Q1 2025 was FSA Advisors, an estimated $1.16M added.
  • The largest BlackRock MuniYield Michigan Quality Fund seller in Q1 2025 was Saba Capital Management, an estimated $6.05M sold.

Based on aggregated 13F filings for Q1 2025.