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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FA
FSA Advisors
Troy,
Michigan
|
+$1.16M |
| 2 |
KAS
Kestra Advisory Services
Austin,
Texas
|
+$482K |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
+$376K |
| 4 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$304K |
| 5 |
AWM
Axxcess Wealth Management
Carlsbad,
California
|
+$147K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$6.05M |
| 2 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
-$386K |
| 3 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$343K |
| 4 |
WMA
West Michigan Advisors
Holland,
Michigan
|
-$230K |
| 5 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$215K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| $13K | -$7.99K | -695 | -38% |
|
|
NWMP
52
Noble Wealth Management PBC
Greenwood Village,
Colorado
| $5.69K | – | – | – |
|
|
FIA
53
FNY Investment Advisers
New York
| $5K | +$5.75K | +500 | New |
|
54
Citigroup
New York
| $23 | – | – | – |
|
|
HNB
55
Huntington National Bank
Columbus,
Ohio
| $11 | – | – | – |
|
|
SCM
56
Saba Capital Management
New York
| – | -$6.05M | -540,766 | Closed |
|
|
WMA
57
West Michigan Advisors
Holland,
Michigan
| – | -$230K | -20,596 | Closed |
|
|
FCM
58
Family Capital Management
Grand Rapids,
Michigan
| – | -$200K | -17,924 | Closed |
|
59
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$191K | -17,095 | Closed |
|
60
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$154K | -13,745 | Closed |
|
61
Nomura Holdings
Tokyo,
Japan
| – | -$135K | -12,035 | Closed |
|
|
CFGS
62
Concourse Financial Group Securities
Birmingham,
Alabama
| – | -$67K | -5,842 | Closed |
|
|
WAM
63
Wolverine Asset Management
Chicago,
Illinois
| – | -$6.71K | -600 | Closed |
|
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.