BlackRock MuniYield Michigan Quality Fund
MIY
62 hedge funds and large institutions have $68.2M invested in BlackRock MuniYield Michigan Quality Fund in 2023 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 20 increasing their positions, 23 reducing their positions, and 7 closing their positions.
69% more capital inflows, than outflows
Capital inflows: $10.1M | Capital outflows: $5.95M
1.19% more ownership
Funds ownership: 19.47% → 20.66% (+1.2%)
3% less funds holding
Funds holding: 64 → 62 (-2)
13% less repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 23
14% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Saba Capital Management
New York
|
+$3.56M |
| 2 |
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.66M |
| 3 |
Logan Stone Capital
Chicago,
Illinois
|
+$1.11M |
| 4 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$752K |
| 5 |
Matisse Capital
Portland,
Oregon
|
+$676K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$1.93M |
| 2 |
Mackay Shields LLC
New York
|
-$1.41M |
| 3 |
Secure Asset Management
Troy,
Michigan
|
-$336K |
| 4 |
Integrated Wealth Concepts
Waltham,
Massachusetts
|
-$303K |
| 5 |
Virtu Financial
New York
|
-$198K |
MIY Hedge Fund Activity: Q2 2023 in Review
62 of the 6,389 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield Michigan Quality Fund (MIY) for Q2 2023, worth a combined $68.2M — up 4.7% from $65.1M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of MIY and 6 opened new positions — a net loss of 1 holder — while 23 trimmed existing stakes and 20 added.
The largest buyer was Saba Capital Management, adding an estimated $3.56M. The largest seller was Cambridge Investment Research Advisors, cutting an estimated $1.93M.
- 62 institutional investors held BlackRock MuniYield Michigan Quality Fund (MIY) as of Q2 2023, down from 64 in Q1 2023.
- Funds reported $68.2M of BlackRock MuniYield Michigan Quality Fund stock for Q2 2023, up 4.7% quarter-over-quarter.
- 6 funds opened new BlackRock MuniYield Michigan Quality Fund positions in Q2 2023 and 7 closed out, a net change of -1 holder.
- The largest BlackRock MuniYield Michigan Quality Fund buyer in Q2 2023 was Saba Capital Management, an estimated $3.56M added.
- The largest BlackRock MuniYield Michigan Quality Fund seller in Q2 2023 was Cambridge Investment Research Advisors, an estimated $1.93M sold.
Based on aggregated 13F filings for Q2 2023.