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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Allspring Global Investments
Charlotte,
North Carolina
|
+$799K |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$410K |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
+$149K |
| 4 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$142K |
| 5 |
FPCP
Fort Point Capital Partners
San Francisco,
California
|
+$141K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$2.59M |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$1.57M |
| 3 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
-$980K |
| 4 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$489K |
| 5 |
MAV
Mason & Associates (Virginia)
Newport News,
Virginia
|
-$305K |
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.