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BlackRock MuniYield Michigan Quality Fund
MIY

33 hedge funds and large institutions have $31.1M invested in BlackRock MuniYield Michigan Quality Fund in 2015 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 16 increasing their positions, 4 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

300% more repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 4

200% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 4

111% more capital invested

Capital invested by funds: $14.7M → $31.1M (+$16.3M)

32% more funds holding

Funds holding: 25 → 33 (+8)

1.86% more ownership

Funds ownership: 6.15% → 8.01% (+1.9%)

Holders
33
Holders Change
+8
Holders Change %
+32%
% of All Funds
0.92%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
12
Increased
16
Reduced
4
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
+$3.79M
2
WAM
Weiss Asset Management
Massachusetts
+$2.45M
3
Bank of America
Bank of America
North Carolina
+$1.91M
4
KIM
Karpus Investment Management
New York
+$1.69M
5
SCA
Samson Capital Advisors
New York
+$1.03M

Top Sellers

Rank Fund Capital Flow
1
PCM
Pointe Capital Management
Michigan
-$173K
2
CRC
Curi RMB Capital
Illinois
-$153K
3
BIM
BlackRock Investment Management
Delaware
-$99K
4
AIG
American International Group
New York
-$69.6K
5
PAM
Panagora Asset Management
Massachusetts
-$45K
Name Holding Trade Value Shares
Change 		Change in
Stake
SIA
1
Sit Investment Associates
Minnesota
$4.87M +$3.79M +285,642 +340%
Morgan Stanley
2
Morgan Stanley
New York
$3.14M +$501K +37,770 +19%
Bank of America
3
Bank of America
North Carolina
$3.1M +$1.91M +144,352 +159%
WAM
4
Weiss Asset Management
Massachusetts
$2.43M +$2.45M +184,675 New
PCM
5
Pointe Capital Management
Michigan
$1.85M -$173K -13,023 -9%
PNC Financial Services Group
6
PNC Financial Services Group
Pennsylvania
$1.73M +$396K +29,902 +30%
KIM
7
Karpus Investment Management
New York
$1.68M +$1.69M +127,587 New
UBS Group
8
UBS Group
Switzerland
$1.45M +$490K +36,966 +51%
AA
9
AQR Arbitrage
Connecticut
$1.18M +$561K +42,318 +89%
SCA
10
Samson Capital Advisors
New York
$1.02M +$1.03M +77,696 New
KeyBank National Association
11
KeyBank National Association
Ohio
$1.02M -$13.3K -1,000 -1%
LCM
12
Landscape Capital Management
New Jersey
$898K +$347K +26,216 +63%
RCAG
13
Rehmann Capital Advisory Group
Michigan
$883K +$16.2K +1,220 +2%
RJA
14
Raymond James & Associates
Florida
$771K +$775K +58,490 New
LCM
15
Laurion Capital Management
New York
$665K +$668K +50,433 New
Baird Financial Group
16
Baird Financial Group
Wisconsin
$648K +$289K +21,831 +80%
WAM
17
Wolverine Asset Management
Illinois
$631K +$619K +46,699 +3,892%
LPL Financial
18
LPL Financial
California
$517K +$176K +13,251 +52%
TC
19
TFS Capital
Pennsylvania
$405K +$407K +30,693 New
Wells Fargo
20
Wells Fargo
California
$354K +$151K +11,378 +73%
SI
21
SII Investments
Wisconsin
$294K +$91.4K +6,893 +45%
DA
22
Doliver Advisors
Texas
$253K +$33.3K +2,510 +15%
GC
23
Guggenheim Capital
Illinois
$235K +$236K +17,835 New
WKWM
24
Walter & Keenan Wealth Management
Indiana
$175K +$176K +13,249 New
AIM
25
Arcadia Investment Management
Michigan
$166K – – –
1
2

MIY Hedge Fund Activity: Q3 2015 in Review

33 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield Michigan Quality Fund (MIY) for Q3 2015, worth a combined $31.1M — up 111% from $14.7M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new MIY positions and 4 closed out — a net gain of 8 holders — while 16 added to existing stakes and 4 trimmed.

The largest buyer was Sit Investment Associates, adding an estimated $3.79M. The largest seller was Pointe Capital Management, cutting an estimated $173K.

  • 33 institutional investors held BlackRock MuniYield Michigan Quality Fund (MIY) as of Q3 2015, up from 25 in Q2 2015.
  • Funds reported $31.1M of BlackRock MuniYield Michigan Quality Fund stock for Q3 2015, up 111% quarter-over-quarter.
  • 12 funds opened new BlackRock MuniYield Michigan Quality Fund positions in Q3 2015 and 4 closed out, a net change of +8 holders.
  • The largest BlackRock MuniYield Michigan Quality Fund buyer in Q3 2015 was Sit Investment Associates, an estimated $3.79M added.
  • The largest BlackRock MuniYield Michigan Quality Fund seller in Q3 2015 was Pointe Capital Management, an estimated $173K sold.

Based on aggregated 13F filings for Q3 2015.