BlackRock MuniYield Michigan Quality Fund
MIY
43 hedge funds and large institutions have $50.1M invested in BlackRock MuniYield Michigan Quality Fund in 2018 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 19 increasing their positions, 7 reducing their positions, and 5 closing their positions.
171% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 7
20% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 5
10% more capital invested
Capital invested by funds: $45.7M → $50.1M (+$4.45M)
2% more funds holding
Funds holding: 42 → 43 (+1)
1.32% more ownership
Funds ownership: 11.65% → 12.97% (+1.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
+$1.19M |
| 2 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$936K |
| 3 |
Wells Fargo
San Francisco,
California
|
+$911K |
| 4 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$737K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$472K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SPC
Sigma Planning Corp
Ann Arbor,
Michigan
|
-$230K |
| 2 |
Comerica Bank
Dallas,
Texas
|
-$181K |
| 3 |
IIC
Integrated Investment Consultants
Bloomfield Hills,
Michigan
|
-$133K |
| 4 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$126K |
| 5 |
SWP
Stratos Wealth Partners
Beachwood,
Ohio
|
-$52K |
MIY Hedge Fund Activity: Q2 2018 in Review
43 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield Michigan Quality Fund (MIY) for Q2 2018, worth a combined $50.1M — up 9.7% from $45.7M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new MIY positions and 5 closed out — a net gain of 1 holder — while 19 added to existing stakes and 7 trimmed.
The largest buyer was Laurion Capital Management, opening a new position worth an estimated $1.19M. The largest seller was Sigma Planning Corp, exiting entirely with an estimated $230K sold.
- 43 institutional investors held BlackRock MuniYield Michigan Quality Fund (MIY) as of Q2 2018, up from 42 in Q1 2018.
- Funds reported $50.1M of BlackRock MuniYield Michigan Quality Fund stock for Q2 2018, up 9.7% quarter-over-quarter.
- 6 funds opened new BlackRock MuniYield Michigan Quality Fund positions in Q2 2018 and 5 closed out, a net change of +1 holder.
- The largest BlackRock MuniYield Michigan Quality Fund buyer in Q2 2018 was Laurion Capital Management, an estimated $1.19M added.
- The largest BlackRock MuniYield Michigan Quality Fund seller in Q2 2018 was Sigma Planning Corp, an estimated $230K sold.
Based on aggregated 13F filings for Q2 2018.