BlackRock MuniYield Michigan Quality Fund
MIY
42 hedge funds and large institutions have $54.9M invested in BlackRock MuniYield Michigan Quality Fund in 2018 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 17 increasing their positions, 6 reducing their positions, and 6 closing their positions.
183% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 6
10% more capital invested
Capital invested by funds: $50.1M → $54.9M (+$4.77M)
2.03% more ownership
Funds ownership: 12.97% → 15% (+2%)
2% less funds holding
Funds holding: 43 → 42 (-1)
17% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$3.43M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$2.23M |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$1.58M |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$1.12M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$1.06M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$2.14M |
| 2 |
LCM
Laurion Capital Management
New York
|
-$1.19M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$472K |
| 4 |
DA
Doliver Advisors
Houston,
Texas
|
-$207K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$126K |
MIY Hedge Fund Activity: Q3 2018 in Review
42 of the 4,391 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield Michigan Quality Fund (MIY) for Q3 2018, worth a combined $54.9M — up 9.5% from $50.1M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of MIY and 5 opened new positions — a net loss of 1 holder — while 6 trimmed existing stakes and 17 added.
The largest buyer was Robinson Capital Management, adding an estimated $3.43M. The largest seller was Morgan Stanley, cutting an estimated $2.14M.
- 42 institutional investors held BlackRock MuniYield Michigan Quality Fund (MIY) as of Q3 2018, down from 43 in Q2 2018.
- Funds reported $54.9M of BlackRock MuniYield Michigan Quality Fund stock for Q3 2018, up 9.5% quarter-over-quarter.
- 5 funds opened new BlackRock MuniYield Michigan Quality Fund positions in Q3 2018 and 6 closed out, a net change of -1 holder.
- The largest BlackRock MuniYield Michigan Quality Fund buyer in Q3 2018 was Robinson Capital Management, an estimated $3.43M added.
- The largest BlackRock MuniYield Michigan Quality Fund seller in Q3 2018 was Morgan Stanley, an estimated $2.14M sold.
Based on aggregated 13F filings for Q3 2018.